IPO details · Updated
Manilam Industries India Limited
ClosedSMENSE: MANILAM
- Price Band
- ₹65 – ₹69
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,38,000
- Issue Size
- ₹39.95 Cr
- Offer Dates
- 20 Feb – 24 Feb 2026
- Listing
- 27 Feb 2026
Issue Details
- Total Issue Size
- ₹39.95 Cr
- 57,90,000 shares
- Fresh Issue
- ₹32.42 Cr
- 46,98,000 shares
- Offer for Sale
- ₹7.53 Cr
- 10,92,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- NSE SME
- Shares Pre-Issue
- 1,71,50,000
- Shares Post-Issue
- 2,18,48,000
IPO Timeline
Offer opens
20 Feb 2026
Offer closes
24 Feb 2026
Allotment
25 Feb 2026
Listing
27 Feb 2026
Issue Allocation
Share of the offer reserved for each investor category
- Anchor28.3%16,38,000 shares
- QIB19.1%11,04,000 shares
- HNI14.3%8,28,000 shares
- Retail33.3%19,28,000 shares
- Market Maker5.0%2,92,000 shares
Subscription Status
Times subscribed by investor category
| Category | Offered | Bids | Subscribed |
|---|---|---|---|
| QIB | 11,04,000 | — | 0.00x |
| HNI | 8,28,000 | 2,92,000 | 0.35x |
| Retail | 19,28,000 | 5,84,000 | 0.30x |
| Total | 38,60,000 | 8,76,000 | 0.23x |
Lot Size & Investment
1 lot = 2,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4,000 | ₹2,76,000 |
| Small HNI (S-HNI) | 3 | 6,000 | ₹4,14,000 |
| Big HNI (B-HNI) | 8 | 16,000 | ₹11,04,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 159.99 | 158.98 | 149.56 | 133.55 |
| Total Income | 60.53 | 142.16 | 138.04 | 148.82 |
| Profit After Tax | 3.16 | 7.38 | 3.1 | 1.53 |
| EBITDA | 8.67 | 17.75 | 14.18 | 9.12 |
| 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 |
Key Performance Indicators
| Period | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE (%) | 8.22 | 24.46 | 12.46 | 6.76 |
| ROCE (%) | 13.42 | 34.58 | 24.1 | 15.37 |
| EPS (₹) | 1.85 | 4.58 | 1.93 | 0.95 |
| P/E (pre-issue) | 16.04 | — | — | — |
| P/E (post-issue) | 23.85 | — | — | — |
Peer Comparison
Listed companies in the same business
| Company | CMP | P/E |
|---|---|---|
| Archidply Industries Ltd | ₹84.9 | 52.41 |
| Rushil Decor Limited | ₹19.4 | — |
About Manilam Industries India Limited
Manilam Industries India Limited is engaged in manufacturing decorative laminates and trading plywood products, operating on a B2B model with a strong distributor network.
Objects of the Issue
- Working capital requirements
- Expansion of laminate manufacturing capacity
- General corporate purposes
Company Information
Strengths (from RHP)
- Strong manufacturing standards
- Extensive product portfolio
- Established distribution network
Key risks (from RHP)
- Changing design and customer preference risk
- Potential conflict of interest
- Limited control over experience centres
- Book running lead managers
- NEXGEN Financial Solutions Private Limited
- Registered office
- 46, B. B. Ganguly Street, 5th Floor, Room No-9, Kolkata, West Bengal 700012
- Market maker
- Nikunj Stock Brokers Limited
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Disclaimer: Data on OpenIPO is for information only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may change. Verify all details against the company RHP and the official registrar before investing.