Manilam Industries India Limited
NSE: MANILAM
SMEOPEN
Grey Market Premium*
UPDATED: 20-Feb-2026 19:10₹0+0.0%
Est. Listing*₹69
Upper band ₹69
* GMP indicative only. Not investment advice.
GMP sourced from IPO Guru
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| QIB | 11,04,000 | - | - |
| HNI | 8,28,000 | 2,92,000 | 0.35x |
| Retail | 19,28,000 | 5,84,000 | 0.30x |
| Total | 38,60,000 | 8,76,000 | 0.23x |
Financial Performance
Figures in ₹ Crores unless specified
| Metric | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Assets | 159.99 | 158.98 | 149.56 | 133.55 |
| Total Income | 60.53 | 142.16 | 138.04 | 148.82 |
| PAT | 3.16 | 7.38 | 3.1 | 1.53 |
| EBITDA | 8.67 | 17.75 | 14.18 | 9.12 |
| Net Worth | 43.08 | 33.87 | 26.38 | 23.24 |
| Reserves | 25.93 | 31.57 | 24.08 | 20.94 |
| Total Borrowing | 58.05 | 62.44 | 73.49 | 60.75 |
Key Performance Indicators
| KPI | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| ROE (%) | 8.22 | 24.46 | 12.46 | 6.76 |
| ROCE (%) | 13.42 | 34.58 | 24.1 | 15.37 |
| EPS (₹) | 1.85 | 4.58 | 1.93 | 0.95 |
| P/E (Pre) | 16.04 | - | - | - |
| P/E (Post) | 23.85 | - | - | - |
IPO Details
Price Band
₹65 - ₹692000 Shares
Lot Size
2,000 Shares
Total Issue Size
₹39.95 Cr57,90,000 Shares
Fresh Issue
₹32.42 Cr46,98,000 Shares
Offer for Sale
₹7.53 Cr10,92,000 Shares
Face Value
₹10
Listing At
NSE SME
Dates
IPO Open
20 Feb 2026
IPO Close
24 Feb 2026
Allotment
25 Feb 2026
Listing
27 Feb 2026
IPO Open20 Feb 2026
IPO Close24 Feb 2026
Allotment25 Feb 2026
Listing27 Feb 2026
Lot Size & Investment Limits
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 4000 | 276000 |
| sHNI | 3 | 6000 | 414000 |
| bHNI | 8 | 16000 | 1104000 |
Peer Comparison
| Company | CMP (₹) | P/E Ratio | ROE (%) |
|---|---|---|---|
| Archidply Industries Ltd | 84.9 | 52.41 | -% |
| Rushil Decor Limited | 19.4 | - | -% |
About Manilam Industries India Limited
Manilam Industries India Limited is engaged in manufacturing decorative laminates and trading plywood products, operating on a B2B model with a strong distributor network.
Company Information
Registered Address
46, B. B. Ganguly Street, 5th Floor, Room No-9, Kolkata, West Bengal 700012
Lead Managers
- NEXGEN Financial Solutions Private Limited
Market Maker
Nikunj Stock Brokers Limited
Company Strengths (from RHP)
- ✓Strong manufacturing standards
- ✓Extensive product portfolio
- ✓Established distribution network
Key Risks (from RHP)
- ⚠Changing design and customer preference risk
- ⚠Potential conflict of interest
- ⚠Limited control over experience centres
Objects of the Issue
• Working capital requirements
• Expansion of laminate manufacturing capacity
• General corporate purposes
Subscription Status
| Category | Offered | Bids | Times (x) |
|---|---|---|---|
| QIB | 11,04,000 | - | - |
| HNI | 8,28,000 | 2,92,000 | 0.35x |
| Retail | 19,28,000 | 5,84,000 | 0.30x |
| Total | 38,60,000 | 8,76,000 | 0.23x |
Registrar Contact
Mas Services Limited
Waiting for Allotment
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Disclaimer
Data on OpenIPO is for informational purposes only and is not investment advice. OpenIPO is not a SEBI-registered entity. GMP figures are unofficial estimates and may vary. Verify all details from the company RHP and official registrar websites before making decisions.