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Allotment

Manilam Industries India Limited

The Manilam Industries IPO is a book-built issue aggregating to ₹39.95 crore. The offering comprises a fresh issue of 0.47 crore shares worth ₹32.42 crore and an offer for sale (OFS) of 0.11 crore shares amounting to ₹7.53 crore.

The IPO will open for subscription on February 20, 2026, and close on February 24, 2026. The basis of allotment is expected to be finalized on February 25, 2026. The shares are proposed to be listed on the NSE SME, with a tentative listing date of February 27, 2026.

The price band for the issue has been fixed at ₹65 to ₹69 per share. The lot size is 2,000 shares.

Retail Investors: Minimum investment of ₹2,76,000 (4,000 shares at the upper price band).

HNI Investors: Minimum of 3 lots (6,000 shares), amounting to ₹4,14,000.

NEXGEN Financial Solutions Pvt. Ltd. is the book-running lead manager to the issue, while MAS Services Ltd. is the registrar. The market maker for the IPO is Nikunj Stock Brokers Ltd..

Manilam Industries India Limited IPO & Charts
₹69

0%

Open

₹69

HIgh - Low

₹69

Previous Close

₹69

Total Traded Value

0

52 Weeks High

₹69

52 Weeks Low

₹69

Updates On

Feb 17, 2026

IPO. Open

Feb 20, 2026

IPO. Close

Feb 24, 2026

IPO. Price

₹69.00

IPO Market price

₹150.75 Cr

IPO Details

IPO Date 27 Feb
IPO Listing Date 27 Feb
IPO Face Value ₹10.00 per share
IPO Price Range ₹69.00
IPO Issue Size 57,90,000 shares
IPO Sale Type Fresh Capital & OFS
Employee Discount -
IPO Issue Type Bookbuilding IPO
IPO Listing NSE SME Platform
Share Holding Pre Issue 1,71,50,000 shares

IPO Timeline

IPO Open Date 20 Feb
IPO Close Date 24 Feb
IPO Allotment (Tentative) 25 Feb
Refunds 26 Feb
Credit to Demat Account 26 Feb
IPO Listing Date 27 Feb

IPO Reservation

Category Offer
QIB Shares Offered 27,42,000 Shares
NII (HNI) Shares Offered 8,28,000 Shares
Retail Shares Offered 19,28,000 Shares

IPO Lot Size

Investors must bid for a minimum of 4,000 shares, with additional bids to be placed in multiples of 2,000 shares thereafter.

Application Lots Share Amount
Individual investors (Retail) (Min) 2 4,000 ₹2,76,000
Individual investors (Retail) (Max) 2 4,000 ₹2,76,000
S-HNI (Min) 3 6,000 ₹4,14,000
S-HNI (Max) 7 14,000 ₹9,66,000
B-HNI (Min) 8 16,000 ₹11,04,000
About 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 multiple laminate collections, including Artistica Collection, Vogue Collection, Dwar Collection, and Magnificent Collection. In line with evolving market demand and distributor feedback, it has also introduced additional collections such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding. These collections cater to both residential and commercial applications, offering a wide range of designs, textures, and finishes.

Apart from laminates, the company is involved in the trading of plywood in various grades and sizes, primarily serving industrial and commercial customers.

The manufacturing facility is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, and spans approximately 20,650 square meters. The company operates on a business-to-business (B2B) model, with both large and small distributors placing orders directly with the manufacturing plant.

To strengthen customer engagement, the company has established Experience Centres in major cities such as Bangalore, Delhi, and Chennai. In Bangalore and Chennai, it operates an integrated model combining Service Depots with Experience Centres, enabling product display, stocking, dispatch, and customer interaction from a single location. This setup allows customers to explore product offerings, receive expert guidance on colour and design combinations, and ensure efficient order fulfillment.

As of February 10, 2026, the company employed a total of 152 individuals, including personnel engaged through third-party contracts.

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Company Financials (Consolidated)

Assets 159.99 158.98 149.56
Total Income 60.53 142.16 138.04
Profit After Tax 3.16 7.38 3.1
EBITDA 8.67 17.75 14.18
Net Worth 43.08 33.87 26.38
Reserves and Surplus 25.93 31.57 24.08
Total Borrowing 58.05 62.44 73.49

Key Performance Indicator (KPI)

ROE 8.35%
ROCE 13.50%
Debt/Equity -
RoNW 8.35%
PAT Margin 5.33%
EBITDA Margin 14.39%
Price to book value 2.75
IPO Objective

IPO Objects of the Issue

S.No. Objects of the ipo Resources Detail IPO Amount
1 Funding capital expenditure requirements for the purchase of equipment/machineries 1.25
2 To meet out the expenses of Working Capital Requirement 3.5
3 To meet out the General Corporate Purposes; 16.65
4 Offer for Sale (OFS) -

Contact Details

Manilam Industries India Ltd. Address
46
B. B. Ganguly Street
5th Floor, Room No-9
Kolkata, West Bengal, 700012
03335076903
info@manilam.com
https://www.manilam.com/

Detail Registrar

MAS Services Ltd.

(011) 2610 4142
ipo@masserv.com
https://www.masserv.com/opt.asp

FAQ

The IPO will open on February 20, 2026, and close on February 24, 2026, giving investors five days to apply for shares.

The IPO is a book-built issue of 57.9 lakh shares, comprising a fresh issue of 0.47 crore shares and an offer for sale (OFS) of 0.11 crore shares, aggregating to ₹39.95 crore.

The price band is ₹65 to ₹69 per share. Retail investors must apply for a minimum of 2 lots (4,000 shares), while HNI investors must apply for at least 3 lots (6,000 shares).

NEXGEN Financial Solutions Pvt. Ltd. is the book-running lead manager, MAS Services Ltd. is the registrar, and Nikunj Stock Brokers Ltd. is the market maker for the IPO.

The tentative basis of allotment is February 25, 2026, refunds will be initiated on February 26, 2026, and shares are expected to be listed on NSE SME on February 27, 2026.

The company manufactures decorative laminates and plywood, operates Experience Centres in Bangalore, Delhi, and Chennai, offers multiple collections for residential and commercial use, and has a B2B model with efficient order fulfillment.

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