manilam-industries-india-ltd

MainboardClosed
Min. Investment
1,38,000
/ 2000 Shares
Check Allotment Status
Issue Price
65-69
Subscription
-
Issue Size
39.95
Lot Size
2000
Open
Feb 20, 2026
Close
Feb 24, 2026
Allotment
Feb 25, 2026
Listing
Feb 27, 2026

1. manilam-industries-india-ltd (Mainboard) IPO Details

Manilam Industries India Ltd IPO is a book-built issue of ₹40.00 crores. The issue consists of a fresh issue of 46,98,000 shares and an offer for sale (OFS) of 10,92,000 shares.

The bidding for the IPO starts on Feb 20, 2026 and ends on Feb 24, 2026. The allotment for the IPO is expected to be finalized on Feb 25, 2026. Manilam Industries India Ltd will list on NSE SME, with a tentative listing date fixed as Feb 27, 2026.

The price band is set at ₹65-69 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by a retail investor is ₹1,38,000 (2,000 shares / 1 lot). The minimum lot size for investment in HNI (S-NII) is 2 lots (4,000 shares), amounting to ₹2,76,000.

2. About manilam-industries-india-ltd (Mainboard)

Incorporated in 2015 and headquartered in Kolkata, Manilam Industries is a leading manufacturer of decorative laminates and wood products. The company operates a state-of-the-art manufacturing facility in Bareilly, Uttar Pradesh, and markets its products under the established brand name"Manilam".

Business Verticals

  • Decorative Laminates: Manufacturing a vast range of laminates with thicknesses from 0.7mm to 1.0mm, featuring over 1,000 designs and 100 textures.

  • Plywood Products: Trading and manufacturing various grades of plywood for residential and commercial use.

  • Specialized Collections: Premium ranges including the Artistica, Vogue, Dwar, and Magnificent collections.

  • Exterior Solutions: Offering high-durability exterior grade wall claddings.

Business Model

The company follows a robust B2B model, distributing products through a pan-India network of distributors and dealers. They have established dedicated Experience Centres in major hubs like Bengaluru, Delhi, and Chennai to showcase their range to architects and interior designers.

Track Record

  • Production Scale: Increased capacity to over 5 million sheets per year.

  • Revenue Growth: Total income rose to ₹142.16 Cr in FY25.

  • Profitability: Reported a PAT of ₹7.38 Cr in FY25, a significant jump from ₹3.10 Cr in FY24.

  • Financial Health: Strong Return on Equity (ROE) of 24.80% and ROCE of 36.68%.


Manilam Industries India Ltd IPO GMP

To check the latest Manilam Industries India Ltd IPO GMP today and live grey market premium updates, visit our dedicated GMP tracking page: Check Latest IPO GMP Here

Note: GMP is an unofficial indicator. With the laminate sector seeing steady demand due to the real estate boom, the grey market sentiment for Manilam is currently being monitored closely by SME investors.

Manilam Industries India Ltd IPO Allotment Status

The allotment process is scheduled for completion on Feb 25, 2026.

Check Manilam Industries Allotment Status To check your status online, visit: Check IPO Allotment Status Here

You can check your status through:

  • Registrar's website (MAS Services Limited)

  • NSE official portal

  • Using your PAN number or Application number


Strengths

  • Diverse Product Portfolio: Offers a massive range of designs (1,000+) and textures (100+) catering to varied aesthetic needs.

  • Technological Edge: Uses advanced OCTA technology and precision machinery for consistent quality and warp-resistance.

  • Brand Visibility: "Manilam" is a recognized name in the wood-panel industry with dedicated experience centers.

  • Improving Margins: Demonstrated a sharp 138% increase in PAT in the last fiscal year.

Weakness

  • Raw Material Pricing: Susceptible to fluctuations in the prices of timber, chemicals, and resins used in production.

  • Geographical Concentration: While expanding, a large portion of the manufacturing and supply chain is concentrated in Northern India.

  • Competitive Landscape: Faces intense competition from both large listed players (like Greenlam, Century Ply) and unorganized local manufacturers.

  • Capital Intensive: Requires significant working capital to maintain the wide variety of designs in stock.

How the Company Will Use IPO Money

Manilam Industries intends to utilize the fresh issue proceeds for:

  • Capital Expenditure: Purchase of plant, machinery, and installation of Solar Panels at the Bareilly plant.

  • Debt Repayment: Repayment (full or partial) of certain outstanding loans to improve the debt-equity ratio.

  • Working Capital: Supporting the incremental needs of expanding production and market reach.

  • General Corporate Purposes: Strategic initiatives and brand-building exercises.

Manilam Industries India Ltd Lead Manager

NEXGEN Financial Solutions Private Limited

Manilam Industries India Ltd Address

Manilam Industries India Limited Address: 46, B.B. Ganguly Street, 5th Floor, Room No-9, Kolkata, West Bengal - 700012.

Phone: +91 033 3507 6903

E-mail: info@manilam.com

Website: https://www.manilam.com/

Manilam Industries Registrar

MAS Services Limited

Address: T-34, 2nd Floor, Okhla Industrial Area, Phase - II, New Delhi - 110020.

Phone: 011-26387281/82/83

Email: ipo@masserv.com

Website: https://www.masserv.com/

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