Manilam Industries
CLOSEDIPO Date: 20 Feb - 24 Feb 2026
Listing Date: 27 Feb 2026
Price Range
Rs.65 - Rs.69
Issue Size
40 Cr
Min Investment
₹1,30,000
Lot Size
2000 Shares
Schedule of Manilam Industries
Issue open date
20 Feb 2026
Issue close date
24 Feb 2026
UPI mandate deadline
24 Feb 2026 (5 PM)
Allotment finalization
25 Feb 2026
Share credit
26 Feb 2026
Listing date
27 Feb 2026
Mandate end date
11 Mar 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 40 Cr |
| Fresh Issue | 32.42 Cr |
| Offer for Sale | 7.53 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 25 Feb 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 26 Feb 2026 | ₹69 | ₹0 | ₹69 (0%) |
| 23 Feb 2026 | ₹69 | ₹0 | ₹69 (0%) |
| 22 Feb 2026 | ₹69 | ₹0 | ₹69 (0%) |
| 21 Feb 2026 | ₹69 | ₹0 | ₹69 (0%) |
| 19 Feb 2026 | ₹69 | ₹0 | ₹69 (0%) |
| 18 Feb 2026 | ₹69 | ₹0 | ₹69 (0%) |
| 17 Feb 2026 | ₹69 | ₹0 | ₹69 (0%) |
Performance Manilam Industries
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.65 - Rs.69 | ₹ 105 (-20%) | ₹ 55.85 | -19.06% |
About Manilam Industries
Manilam Industries India Limited is engaged in the manufacturing and sale of decorative laminates. The company produces laminates in thicknesses ranging from 0.7 mm to 1 mm. Its product range includes the Artistica, Vogue, Dwar, and Magnificent collections. Additional collections such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced. These products are used in residential and commercial applications and are available in multiple designs and finishes. The company also trades in plywood of different grades and sizes, mainly for industrial and commercial use. It offers over 1,000 design options and 100 textures across its product categories. The company’s manufacturing plant is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, India. The company markets its products under the brand name “Manilam” through a network of distributors and dealers and operates a service depot in Bangalore.
| Founded in | 2013 |
| Managing director | Mr. Umesh Kumar Nemani and Mr. Manoj Kumar Agrawal |
| Parent organization |
Financial Overview
Strengths
- Established manufacturer of decorative laminates with diversified collections for residential and commercial use.
- Presence in both laminate manufacturing and plywood trading broadens product offerings.
- Operates in a steadily growing decorative laminates and plywood market.
- Backed by experienced promoters with industry presence and established networks.
- IPO proceeds allocated toward capacity expansion, solar installation, debt reduction, and working capital support.
Risks
- Business is exposed to frequent changes in customer preferences and design trends.
- Potential conflicts of interest due to promoters and group entities operating in similar businesses.
- The history of related party transactions may create governance and dependency concerns.
- Exposure to tax proceedings and contingent liabilities may impact financial position.
- Industry demand is closely linked to real estate and construction cycles, making revenues cyclical.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.12 |
| Non-Institutional Investors (NIIs) | 8.03 |
| Retail Individual Investors (RIIs) | 4.55 |
| Employee | N/A |
| Total | 4.31 |