Manilam Industries IPO
Manilam Industries IPO
Overview
Manilam Industries IPO is a book build issue of ₹39.95 crores. The issue is a combination of fresh issue of 0.47 crore shares aggregating to ₹32.42 crores and offer for sale of 0.11 crore shares aggregating to ₹7.53 crores. Manilam Industries IPO opens for subscription on Feb 20, 2026 and closes on Feb 24, 2026. The allotment for the Manilam Industries IPO is expected to be finalized on Feb 25, 2026. Manilam Industries IPO will list on NSE SME with a tentative listing date fixed as Feb 27, 2026. Manilam Industries IPO price band is set at ₹65 to ₹69 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,76,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹4,14,000. NEXGEN Financial Solutions Pvt. Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Total Shares
57,90,000
Issue Size
₹40 Cr
Price Band
₹65 – ₹69
Lot Size
2000 shares
Min. Investment
₹2,76,000
Max. Investment
₹2,76,000
Open Date
20 Feb, 2026
Close Date
24 Feb, 2026
Allotment
25 Feb, 2026
Listing
27 Feb, 2026
Max. Investment
₹2,76,000
Announced
20 Feb, 2026
Opening Date
20 Feb, 2026
Closing Date
24 Feb, 2026
Basis of Allotment
25 Feb, 2026
Initiation of Refunds
26 Feb, 2026
Credit of Shares
26 Feb, 2026
Listing Date
27 Feb, 2026
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About Manilam Industries IPO
Incorporated in 2015, Manilam Industries India Limited is engaged in the manufacturing and sale of Decorative Laminates and Plywood.
The company has developed and launched several laminate collections, including the Artistica Collection, the Vogue Collection, the Dwar Collection, and the Magnificent Collection. In response to market demand and distributor feedback, additional collections such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced.
Manilam Industries IPO Share Price
Issue Breakdown
Shareholding
Dilution: 27.4% increase in shares
Manilam Industries IPO Financial Health
Manilam Industries IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,76,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,76,000 |
| S-HNI (Min) | 3 | 6000 | ₹4,14,000 |
| S-HNI (Max) | 7 | 14000 | ₹9,66,000 |
| B-HNI (Min) | 8 | 16000 | ₹11,04,000 |
(All values in CR)
Manilam Industries IPO Valuations
| Metric | Value |
|---|---|
| ROE | 8.35 |
| ROCE | 13.50 |
| RoNW | 8.35 |
| PAT Margin | 5.33 |
| EBITDA Margin | 14.39 |
| Price to Book Value | 2.75 |
(All values in CR)
Manilam Industries IPO Strength & Risk
Manilam Industries IPO — Strengths:
Operates in decorative laminates and surface products for residential and commercial interiors
Wide product range and design portfolio catering to varied customer tastes
Established dealer and distributor network supporting market reach
Presence in a segment linked to housing and interior improvement demand
Visible growth in business scale in recent periods
Recognisable brand presence in its operating markets
Manilam Industries IPO — Risks:
Demand linked to real estate and construction cycles
Competitive market with many laminate and surface product players
Vulnerable to raw material price fluctuations
SME listing may lead to lower liquidity and higher volatility
Expansion and distribution scaling carry execution risks
Manilam Industries IPO Subscriptions Status
Manilam Industries IPO subscribed 6.25 times. The public issue subscribed 5.88 times in the individual investors category, 2.24 times in QIB (Ex Anchor), and 12.49 times in the NII category by February 24, 2026 6:40:00 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 16,38,000 | 16,38,000 | 11.302 |
| Market Maker | 1.00 | 2,92,000 | 2,92,000 | 2.015 |
| QIB (Ex Anchor) | 2.24 | 11,04,000 | 24,68,000 | 17.029 |
| NII | 12.49 | 8,28,000 | 1,03,40,000 | 71.346 |
| bNII (> ₹10L) | 14.16 | 5,52,000 | 78,16,000 | 53.93 |
| sNII (< ₹10L) | 9.14 | 2,76,000 | 25,24,000 | 17.416 |
| Individual Investors | 5.88 | 19,28,000 | 1,13,35,999 | 78.218 |
| Total | 6.25 | 38,60,000 | 2,41,44,000 | 166.594 |
Manilam Industries IPO GMP
Manilam Industries SME IPO last GMP is ₹0, last updated Feb 24th 2026 05:59 PM. With the price band of 69.00, Manilam Industries SME IPO's estimated listing price is ₹69 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 24 Feb, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 24 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 24 Feb, 2026 |
| 23 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 23 Feb, 2026 |
| 22 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 22 Feb, 2026 |
| 21 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 21 Feb, 2026 |
| 20 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 20 Feb, 2026 |
| 19 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 19 Feb, 2026 |
| 18 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 18 Feb, 2026 |
| 17 Feb, 2026 | 69 | ₹0 | - | ₹69 (0.00%) | - | 17 Feb, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Manilam Industries IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Manilam Industries IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.