Manilam Industries – IPO

The IPO of Manilam Industries will open for subscription on February 20, 2026, and close on February 24, 2026. This is a book-built issue, through which the company plans to raise about ₹39.95 crore. The issue includes a fresh issue of ₹32.42 crore along with an offer for sale of up to 10,92,000 equity shares, each with a face value of ₹10.

The IPO price band has been set at ₹65 to ₹69 per share. The allocation structure reserves 50% for QIBs, 35% for retail investors, and 15% for HNIs. The shares are expected to be listed on the SME platform of the National Stock Exchange of India on February 27, 2026, while the allotment is likely to be finalized on February 25, 2026.

On the financial front, the company reported revenue of ₹142.16 crore in FY2025, slightly higher than ₹138.04 crore in FY2024. Profit saw a notable improvement, rising to ₹7.38 crore in FY2025 from ₹3.10 crore in FY2024. Considering this growth trend, the IPO may be more suitable for investors with a long-term investment horizon.

Manilam Industries – IPO Details

IPO Date February 20, 2026 to February 24, 2026
Listing Date February 27, 2026
Face Value ₹ 10 / Share
Price Band ₹ 65 to ₹ 69 / Share
Lot Size 2000 Shares
Total Issue Size 57,90,000
(Aggregating up to ₹40 Cr)
Fresh Issue 44,06,000
(Aggregating up to ₹30 Cr)
Offer for Sale 10,92,000
(Aggregating up to ₹8 Cr)
Employee Discount
Issue Type Bookbuilding IPO
Listing At NSE SME
Share holding pre issue 1,71,50,000
Share holding post issue 2,18,48,000
Market Maker portion 2,92,000

Manilam Industries Timeline (Tentative Schedule)

Manilam Industries IPO opens on February 20, 2026, and closes on February 24, 2026.

IPO Open Date February 20, 2026
IPO Close Date February 24, 2026
Basis of Allotment February 25, 2026
Initiation of Refunds February 26, 2026
Credit of Shares to Demat February 26, 2026
Listing Date February 27, 2026
Cut-off time for UPI mandate confirmation February 24, 2026

Manilam Industries IPO Lot Size

The Manilam Industries IPO minimum market lot is 4,000 shares with ₹2,76,000 application amount.

Application Lots Shares Amount
Retail (Min) 2 4,000 Rs.276,000
Retail (Max) 2 4,000 Rs.276,000
S-HNI (Min) 3 6,000 Rs.414,000
S-HNI (Max) 7 14,000 Rs.966,000
B-HNI (Min) 8 16,000 Rs.1,104,000
HNI (Min)

Manilam Industries IPO Promoter Holding

Share Holding Pre Issue 1,71,50,000
Share Holding Post Issue 2,18,48,000

Manilam Industries IPO Reservation

Manilam Industries IPO offers a total of 5,790,000 shares. Out of which 27,42,000 (47.36%) are allocated to QIB, 11,04,000 (19.07%) are allocated to QIB (Ex- Anchor), 8,28,000 (14.30%) are allocated to NII 19,28,000 (33.30%) are allocated to RII and 16,38,000 (28.29%) are allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 16,38,000
28.29%
Market Maker Shares Offered 2,92,000
5.04%
Other Shares Offered
QIB Shares Offered 11,04,000
19.07%
NII (HNI) Shares Offered 8,28,000
14.30%
bNII > ₹10L 5,52,000
9.53%
sNII < ₹10L 2,76,000
4.77%
Retail Shares Offered 19,28,000
33.30%
Employee Shares Offered
Total Shares Offered 57,90,000
100.00%

Manilam Industries IPO Anchor Investors Details

Bid Date
Shares Offered 16,38,000
Anchor Portion Size (In Cr.)
Anchor lock-in period end date for 50% shares (30 Days)
Anchor lock-in period end date for remaining shares (90 Days)

About Manilam Industries

Established in 2015, Manilam Industries India is a prominent business that manufactures and sells plywood and decorative laminates. Among its product laminates are Wall Cladding, Chromatic Tales, Magnificent, Artistica, Vogue, Dwar, Flute, ECP, and Wood & Veneer. Along with laminates, the company also deals in plywood of various grades and sizes.

Its product is mostly used in the commercial and industrial sectors. Additionally, its 20,650 square meter production facility is located in Manda on Bhojipura Nainital Road in Bareilly, Uttar Pradesh. Direct orders from the manufacturing facility are placed by distributors as part of its business-to-business (B2B) approach. Additionally, in large cities like Bangalore, Delhi, and Chennai, the company constructed experience centers.

Key Performance Indicator

KPI Values
ROE 24.46%
ROCE 34.58%
Debt/Equity 1.84
RoNW 24.80%
P/BV 0.47
PAT Margin (%) 5.33%
  Pre IPO Post IPO
EPS (Rs) 4.30 2.89
P/E (x) 16.04 23.85

Objects of the Issue ( Manilam Industries IPO Objectives)

Manilam Industries Contact Details

Manilam Industries India Limited

46, B. B. Ganguly Street

5th Floor, Room No. 9

Kolkata, West Bengal, 700012

Phone: 03335076903

Email: [email protected]

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

Manilam Industries IPO Registrar

MAS Services Limited

Phone: (011) 2610 4142

Email: [email protected]

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

Frequently Asked Questions


What is Manilam Industries IPO?
The Manilam Industries IPO is classified as an SME IPO. The issue price is set between ₹65 and ₹69 per equity share. A minimum of 2000 shares is required per order. The IPO will be open from February 20, 2026, to February 24, 2026. The shares are proposed to be listed on NSE SME.

When does the Manilam Industries IPO open and close?
The Manilam Industries IPO will be opened on February 20, 2026, and closed on February 24, 2026.

What is the issue size of the Manilam Industries IPO?
The size of the Manilam Industries IPO is ₹40 Crin total. A fresh issue of 44,06,000 shares, aggregating up to ₹30 Cr, is included.

What is the price band of the Manilam Industries Limited IPO?
The price band for the IPO has been set between ₹65 - ₹69 per equity share.

What is the allotment date of the Manilam Industries IPO?
The share allotment date for the Manilam Industries IPO is set for February 25, 2026.

What is the Manilam Industries listing date?
The Manilam Industries IPO is scheduled to be listed on February 27, 2026.

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