IPO

Manilam Industries India Limited IPO

NSE SME

Listed On: Feb 27, 2026 at ₹ 55.2

₹ 276000 /4000 Shares
*Min Investment

Check Allotment

20 Feb, 2026

Open Date

24 Feb, 2026

Close Date

25 Feb, 2026

Allotment Date

27 Feb, 2026

Listing Date
Manilam Industries India IPO Live Subscription Details
View Subscription Details
QIB 2.24x
Individual 5.88x
NIIs 12.84x
BHNI 14.69x
SHNI 9.14x
Individual 5.88x
Total 6.33x
Last updated: 24 Feb 2026, 05:57 PM
Manilam Industries India IPO Issue Details
  • Issue Price ₹65-69 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 57,90,000 shares(aggregating up to ₹39.95 crore)
  • Fresh Share 46,98,000 shares(aggregating up to ₹32.42 crore)
  • Offer For Sale 10,92,000 shares(aggregating up to ₹7.53 crore)
  • Listing at NSE SME
  • List Price 55.2
  • Listing Date 2026-02-27
  • Lead Manager NEXGEN Financial Solutions Pvt. Ltd.
  • Registrar MAS Services Ltd.
Market Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 4,000 ₹2,76,000
Individual(max) 2 4,000 ₹2,76,000
SHNI(min) 3 6,000 ₹4,14,000
SHNI(max) 7 14,000 ₹9,66,000
BHNI(min) 8 16,000 ₹11,04,000
Manilam Industries India IPO Reservation

Manilam Industries India IPO offers total 5790000 shares. Out of which 1104000 (19.07%) allocated to QIB, 828000 (14.3%) allocated to NII,1928000 (33.3%) allocated to RII, NA (NA%) allocated to employees and 1638000 (28.29%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 1638000 (28.29%)
Market Maker Shares Offered 292000 (5.04%)
QIB Shares Offered 1104000 (19.07%)
NII (HNI) Shares Offered 828000 (14.3%)
bNII > ₹10L 552000 (9.39%)
sNII < ₹10L 276000 (4.85%)
Individual Shares Offered 1928000 (33.3%)
Total Shares Offered 5790000 (100%)
Manilam Industries India IPO Documents
Manilam Industries India IPO Details


Manilam Industries India Limited IPO is an SME IPO, priced at ₹65-69 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 57,90,000 equity shares, aggregating up to ₹39.95 crores..

The IPO bidding window is open from Feb 20, 2026 to Feb 24, 2026. The allotment is expected to be finalized on Feb 25, 2026, and the tentative listing date is Feb 27, 2026.

The minimum lot size for Individual investors is 4,000 shares, with a minimum investment of ₹2,76,000.

NEXGEN Financial Solutions Pvt. Ltd. is acting as the lead manager to the issue. The registrar of the IPO is MAS Services Ltd., and

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Manilam Industries India IPO Subscription Analysis And Details
Retail
5.88x
QIB
2.24x
NII
12.84x
bNII
14.69x
sNII
9.14x
Total
6.33x
As on QIB NII
bNII   sNII
Individual Total
Shares Offered / Reserved 11,04,000 8,28,000
5,52,000    2,76,000
19,28,000 38,60,000
Day 1 20-02-26 05:00 PM
0.00 x 0.35 x
0.49 x   0.07 x
0.30 x 0.22 x
Day 2 23-02-26 05:00 PM
0.12 x 3.72 x
4.23 x   2.70 x
2.01 x 1.84 x
Day 3 24-02-26 05:00 PM
2.24 x 12.84 x
14.69 x   9.14 x
5.88 x 6.33 x

Total No of Applications
3,739
Subscription on the basis of Applications
Retail:5.88x BHNI:5.2x SHNI:9.13x
Manilam Industries India Valuations
EPS Pre IPO ₹4.30/-
EPS Post IPO ₹2.89/-
P/E Pre IPO 16.04
P/E Post IPO 23.85
ROE 24.80%
ROCE 36.68%
RoNW 24.80%
PAT Margin 5.33%
Market Cap. 150.75 Cr.
Manilam Industries India Company Financials
In Crs.
In Cr.
30-Sep-25 31-Mar-25 31-Mar-24 31-Mar-23
Assets 159.99 158.98 149.56 133.55
Revenue 60.53 142.16 138.04 148.82
Profit After Tax 3.16 7.38 3.10 1.53
Net Worth 43.08 33.87 26.38 23.24
Reserves & Surplus 25.93 31.57 24.08 20.94
Total Borrowing 58.05 62.44 73.49 60.75
About Manilam Industries India Company

Manilam Industries India Limited is a company incorporated in 2015, and it is involved in the manufacturing and subsequent sale of Decorative Laminates and Plywood.

The company has developed and marketed various laminate ranges, such as the Artistica Collection, the Vogue Collection, the Dwar Collection, and the Magnificent Collection. However, due to market demand and feedback from distributors, other ranges such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced.
Apart from laminates, the company is also involved in the trading of plywood of various grades and sizes, mainly targeting the industrial and commercial markets.
The company’s manufacturing facility is situated at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, and it occupies a land area of 20,650 square meters. The company operates on a business-to-business (B2B) platform, where orders are placed by large and small distributors directly at the company’s manufacturing facility.

To increase customer engagement, Manilam Industries India Limited has developed Experience Centres in key cities such as Bangalore, Delhi, and Chennai. In Bangalore and Chennai, the company operates an integrated model consisting of Service Depots and Experience Centres, providing display, stock, dispatch, and customer engagement services from a single location. This model allows customers to display products, get expert advice on color and design combinations, and process orders efficiently.
As of February 10, 2026, the company had a total of 152 employees, including third-party contract employees.

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Manilam Industries India - Promoter(s)

Manilam Retail India Private Limited

Mr. Umesh Kumar Nemani

Mr. Manoj Kumar Agrawal

Mr. Aman Kumar Nemani

Pre Issue Share Holding : 78.79%

Post Issue Share Holding : 61.85%

Manilam Industries India IPO - Issue Objectives
1

A. Capital Expenditure - Purchase of equipment/machinery of the Company. B. Capital Expenditure - Purchase and installation of Solar Panel Panels at the manufacturing plant.

2

Repayment in full or in part, of certain loans availed by the Company

3

Working Capital Requirements of the Company

4

General Corporate Purposes

Contact Details

Manilam Industries India

46, B. B. Ganguly Street 5th Floor, Room No-9 Kolkata, West Bengal, 700012

03335076903

info@manilam.com

https://www.manilam.com/

Registrar Contact Details

Mas Services Limited

(011) 2610 4142

ipo@masserv.com

https://www.masserv.com/opt.asp