Manilam Industries IPO Details
| IPO Open Date | February 20, 2026 |
| IPO Close Date | February 24, 2026 |
| Face Value | â‚ą10 Per Equity Share |
| IPO Price Band | â‚ą65 to â‚ą69 Per Share |
| Issue Size | Approx â‚ą40 Crores |
| Fresh Issue | Approx â‚ą32.42 Crores |
| Offer for Sale: | Approx 10,92,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Manilam Industries IPO Review & Key Points
- Review: Neutral
Manilam Industries IPO Market Lot
The Manilam Industries IPO minimum market lot is 4,000 shares with â‚ą2,76,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | â‚ą2,76,000 |
| Retail Maximum | 2 | 4,000 | â‚ą2,76,000 |
| S-HNI Minimum | 3 | 6,000 | â‚ą4,14,000 |
| S-HNI Maximum | 7 | 14,000 | â‚ą9,66,000 |
| B-HNI Minimum | 8 | 16,000 | â‚ą11,04,000 |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 16,38,000 Shares | 28.29% |
| QIB (Ex. Anchor) | 11,04,000 Shares | 19.07% |
| NII Shares Offered | 8,28,000 Shares | 14.30% |
| Retail Shares Offered | 19,28,000 Shares | 33.30% |
Manilam Industries IPO Anchor Investors
| Anchor Bidding Date | February 19, 2026 |
| Anchor Investors List | |
| Shares Offered | 16,38,000 Shares |
| Anchor Size | 11.30 Cr. |
| lock-in period end date 50% shares (30 Days) | March 27, 2026 |
| lock-in period end date 50% shares (90 Days) | May 26, 2026 |
Manilam Industries IPO Dates
The Manilam Industries IPO date is February 20, and the close date is February 24. The Manilam Industries IPO allotment will be finalized on February 25, and the IPO listing on February 27.
| IPO Open Date: | February 20, 2026 |
| IPO Close Date: | February 24, 2026 |
| Basis of Allotment: | February 25, 2026 |
| Refunds: | February 26, 2026 |
| Credit to Demat Account: | February 26, 2026 |
| IPO Listing Date: | February 27, 2026 |
| IPO Bidding Cut-off Time: | February 24, 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Manilam Retail India Private Limited, Mr. Umesh Kumar Nemani, Mr. Manoj Kumar Agrawal and Mr. Aman Kumar Nemani.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,71,50,000 | 78.79% |
| Promoter Holding Post Issue | 2,18,48,000 | 61.85% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| A. Capital Expenditure – Purchase of equipment/machinery of the Company. B. Capital Expenditure – Purchase and installation of Solar Panel Panels at the manufacturing plant. | â‚ą1.25 |
| Repayment in full or in part, of certain loans availed by the Company | â‚ą2.20 |
| Working Capital Requirements of the Company | â‚ą3.50 |
| General Corporate Purpose | â‚ą16.65 |
About Manilam Industries IPO
Manilam Industries India, founded in 2015, is one of the leading companies engaged in the manufacturing and sale of Decorative Laminates and Plywood. Its product laminates include Artistica, Vogue, Dwar, Magnificent, Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding. Along with laminates, the firm is also involved in the trading of plywood in different sizes and grades.
Its product mainly serves the industrial and commercial sectors. Moreover, its manufacturing facility is situated in Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, covering 20,650 sq meters of area. It runs its business in a B2B model, involving distributors placing orders directly from the manufacturing unit. Moreover, the firm also built experience centers in major citites like cities like Bangalore, Delhi, and Chennai. Allowing customers to decide the color, size, designs, and of the products.
Manilam Industries IPO Company Financial Report
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | â‚ą148.82 | â‚ą146.64 | â‚ą1.53 | â‚ą133.55 |
| 2024 | â‚ą138.04 | â‚ą133.61 | â‚ą3.10 | â‚ą149.56 |
| 2025 | â‚ą142.16 | â‚ą131.71 | â‚ą7.38 | â‚ą158.98 |
| Sep 2025 | â‚ą60.53 | â‚ą56.13 | â‚ą3.16 | â‚ą159.99 |
Manilam Industries IPO Valuation – FY2025
Check Manilam Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 24.46% |
| ROCE: | 34.58% |
| EBITDA Margin: | 12.59% |
| PAT Margin: | 5.27% |
| Debt to equity ratio: | 1.84 |
| Earning Per Share (EPS): | â‚ą4.64 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.80% |
| Net Asset Value (NAV): | â‚ą147.27 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Archidply Industries Ltd | 1.62 | 52.41 | 3.05% | 52.71 | – Cr. |
| Rushil Decor Limited | (0.31) | Nil | (1.40%) | 53.72 | – Cr. |
IPO Lead Managers aka Merchant Bankers
- NEXGEN Financial Solutions Pvt. Ltd.
Company Address
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 Registrar
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
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