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MI

Manilam Industries

Listed SME NSE SME · Plywood Boards/ Laminates

Price Band

₹65.0–69.0

Issue Size

₹39.95 Cr

Lot Size

2,000 shares

Min Investment

₹276,000

GMP

+₹0.0 (0.0%)

Issue Price

₹69.0

calendar_month Important Dates

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IPO Open Date
Fri, 20 Feb 2026
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IPO Close Date
Tue, 24 Feb 2026
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Allotment Date
Wed, 25 Feb 2026
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Refund Initiation
Thu, 26 Feb 2026
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Credit of Shares
Thu, 26 Feb 2026
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Listing Date
Fri, 27 Feb 2026
Listing Price
₹69.0 +0.0%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

₹0.0

GMP %

0.0%

Est. Listing

₹69.0

schedule Updated: 14 Jul 2026 15:52

business About the Company

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. These collections cater to both residential and commercial applications, providing a wide range of designs and finishes. In addition to laminates, the company is involved in the trading of plywood in different grades and sizes, primarily serving industrial and commercial sectors. The company’s manufacturing plant is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, covering an area of 20,650 square meters. It operates on a business-to-business (B2B) model, with distributors—both large and small—placing orders directly with the manufacturing plant. To enhance customer engagement, Manilam Industries India Limited has established Experience Centres in major cities including Bangalore, Delhi, and Chennai. In Bangalore and Chennai, the company follows an integrated setup combining Service Depots with Experience Centres, offering display, stock, dispatch, and customer interaction from a single location. This setup enables customers to view products, receive expert guidance on colour and design combinations, and fulfil orders efficiently. As of the date of the Draft Red Herring Prospectus, the company employed a total of 149 individuals, including workers on third-party contracts.

payments Company Financials (₹ Cr)

As of 2025-09-30

Period Ended 30 Sep 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
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 3.10 1.53
EBITDA 8.67 17.75 14.18 9.12
NET Worth 43.08 33.87 26.38 23.24
Reserves and Surplus 25.93 31.57 24.08 20.94
Total Borrowing 58.05 62.44 73.49 60.75

Key Ratios

EPS

₹4.30

NAV

₹147.27

ROE

24.80%

ROCE

36.68%

RoNW

24.80%

P/B Value

0.47

P/E Ratio

16.04

Market Cap

₹150.75 Cr

PAT Margin

5.33%

Promoters

Manilam Retail India Pvt.Ltd., Umesh Kumar Nemani, Manoj Kumar Agrawal and Aman Kumar Nemani

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure-Purchase of equipment/machineries 1.25 2 Capital Expenditure-Purchase and installation of Solar Panel at the Manufacturing Plant 2.20 3 Repayment in full or in part, of certain loans availed by the Company 3.50 4 Working Capital Requirements of the Company 16.65 5 Expenses for General Corporate Purposes 4.82 6 Issue Expenses 4.00 Total 32.42

info Issue Details

Issue Type SME Book Built
Issue Size ₹39.95 Cr
Price Band ₹65.0 – ₹69.0
Issue Price ₹69.0
Lot Size 2,000 shares
Min Investment ₹276,000
Exchange NSE SME
Sector Plywood Boards/ Laminates
Open Date 20 Feb 2026
Close Date 24 Feb 2026
Allotment 25 Feb 2026
Listing Date 27 Feb 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain MAS Services Ltd.

Lead Managers / Book Running

account_balance NEXGEN Financial Solutions Pvt.Ltd.

timeline IPO Timeline

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Open

20 Feb 2026

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Close

24 Feb 2026

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Allotment

25 Feb 2026

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Listing

27 Feb 2026

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