Manilam Industries IPO Details
The key details of Manilam Industries India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹39.95 Crores |
| Price Range | ₹65 - ₹69 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 4,000 |
| Investment (cut-off price) | ₹2,76,000 |
| Pre IPO Promotor Holding | 78.79% |
| Post IPO Promotor Holding | 61.85% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Manilam Industries IPO Timelines
The IPO process for Manilam Industries India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
20/02/2026
Start Date24/02/2026
End Date26/02/2026
Refund Initiation26/02/2026
Credit of Shares to Demat Ac27/02/2026
Listing DateManilam Industries IPO Lot Size
The Manilam Industries India IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹69 per share. For retail investors, the minimum and maximum application is 4,000 shares (2 lots) amounting to ₹2,76,000. For Small HNI (S-HNI) investors, the minimum application is 6,000 shares (3 lots) worth ₹4,14,000, while the maximum application is 14,000 shares (7 lots) amounting to ₹9,66,000. Big HNI (B-HNI) investors need to apply for at least 16,000 shares (8 lots), totaling ₹11,04,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4000 | ₹2,76,000 |
| Retail Maximum | 2 | 4000 | ₹2,76,000 |
| S-HNI Minimum | 3 | 6000 | ₹4,14,000 |
| S-HNI Maximum | 7 | 14000 | ₹9,66,000 |
| B-HNI Minimum | 8 | 16000 | ₹11,04,000 |
Manilam Industries IPO Subscription Status
The subscription status for Manilam Industries India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Manilam Industries IPO Company Financials
Manilam Industries India reports robust performance in FY2025 with Total Income of ₹142.16 crores, managing expenses at ₹131.71 crores, and achieving a strong PAT (Profit After Tax) of ₹7.38 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹148.82 | ₹146.64 | ₹1.53 |
| FY 2024 | ₹138.04 | ₹133.61 | ₹3.10 |
| FY 2025 | ₹142.16 | ₹131.71 | ₹7.38 |
| FY 2026 (6 M) | ₹60.53 | ₹56.13 | ₹3.16 |
About Company
Incorporated in 2015, Manilam Industries India Limited manufactures and sells decorative laminates and trades plywood for industrial and commercial use. A diverse portfolio of laminate collections includes Artistica Collection, Vogue Collection, Dwar Collection, and Magnificent Collection, along with Chromatic Tales, Flute, ECP, Wood and Veneer, and Wall Cladding, catering to residential and commercial applications with varied designs and finishes. The manufacturing facility spans 20,650 square meters at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, operating on a business to business model where distributors place orders directly with the plant.
Experience Centres have been established in Bangalore, Delhi, and Chennai to strengthen customer engagement. Bangalore and Chennai feature an integrated model combining Service Depots and Experience Centres, enabling product display, stock availability, dispatch, and customer interaction at a single location. This arrangement allows customers to explore designs, receive expert guidance on colour combinations, and complete orders efficiently. As of February 10, 2026, total workforce strength stood at 152, including personnel engaged through third party contracts.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2015 | Furniture | Umesh Kumar Nemani |
Know Before Investing
Manilam Industries IPO Strengths
- Manilam Industries operates a modern facility in Bareilly, Uttar Pradesh producing diverse laminate collections like Artistica, Vogue, and Dwar catering to residential and commercial interiors.
- Offers laminates, plywood trading, exterior wall cladding, door skins, and liner laminates addressing varied customer requirements across thicknesses and finishes.
- Integrated service depots cum showrooms in Bangalore, Delhi, and Chennai facilitate product demonstration, inventory management, and direct customer engagement.
- 99% revenue from distributors enables national reach without direct retail overheads while leveraging dealer networks for volume growth.
- Solar panel capex reduces energy costs and positions company for green building certifications attracting ESG-focused institutional buyers.
- Real estate recovery, office refurbishments, and hospitality expansion drive sustained demand for premium surface solutions.
Manilam Industries IPO Risks
- 209 days receivables indicate working capital strain from distributor credit extensions during real estate slowdowns.
- Resins, kraft paper, and wood inputs subject to petrochemical and timber price cycles impacting gross margins.
- Century Ply, Greenply, and Asian Paints pressure pricing power through aggressive capacity additions and brand investments.
- Revenue tied to construction, interiors, and refurbishments vulnerable to interest rate hikes and project delays.
- Regional player status requires sustained marketing spend to compete against national incumbents in dealer selection.
- Uttar Pradesh manufacturing exposes logistics costs and supply chain disruptions to regional infrastructure challenges.
Swot Analysis for Manilam Industries IPO
Strengths
Decorative Laminates Manufacturing, Plywood Trading Integration, Improving Margins
Weaknesses
High Debtors Days, Stagnant Revenue, Commodity Exposure
Opportunities
Real Estate Boom, Exterior Applications, Export Potential
Threats
Raw Material Inflation, Realty Slowdowns, Competition Density
Company Details
Manilam Industries India Ltd.
46 B. B. Ganguly Street 5th Floor, Room No. 9 Kolkata, West Bengal, 700012
Phone: 03335076903
Email: info@manilam.com
Website: https://www.manilam.com/
IPO Registar Details
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
FAQs
The key objectives of Manilam Industries SME IPO are:
- Capital Expenditure – Purchase of equipment/machineries
- Capital Expenditure – Purchase and installation of Solar Panel at the Manufacturing Plant
- Repayment in full or in part, of certain loans availed by the Company
- Working Capital Requirements of the Company
- Expenses for General Corporate Purposes
NEXGEN Financial Solutions Pvt. Ltd. is the book-running lead managers for the Manilam Industries IPO.
Manilam Industries shows moderate growth potential supported by margin expansion to 13% operating levels and improving profitability momentum in FY25 and H1FY26. However, flat revenue around ₹140 crore, high debtor days, and competitive intensity limit scalability, making sustained revenue acceleration crucial for durable growth.
The issue price for the Manilam Industries IPO is set between ₹65 to ₹69 per share.
To invest in two lot of Manilam Industries IPO, you need ₹2,60,000 at the lower price band (₹65 per share) or ₹2,76,000 at the upper price band (₹69 per share) for a lot size of 4,000 shares.
Manilam Industries IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on February 27, 2026.
Refund/unblocking of funds for Manilam Industries IPO will begin on February 26, 2026. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Manilam Industries IPO shares on listing day (February 27, 2026) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.