Manilam Industries India IPO

Manilam Industries India is engaged in the manufacturing of decorative laminates with a thickness of 0.7 mm to 1 mm and also deals in plywood. Its laminate collections include Artistica, Vogue, Dwar, Magnificent, Chromatic Tales, Flute, wood & veneer and wall cladding, which offer more than 1,000 designs and 100 textures for residential and commercial use.

The company’s manufacturing plant is located in Bareilly (Uttar Pradesh) spread across 20,650 sq. mtrs., with an installed capacity of 50 lakh laminated sheets per year. The company operates mainly on a B2B model through 67 distributors and 358 dealers (as on September 30,2025) across India with a service depot in Bangalore and experience centres in Bangalore, Delhi and Chennai.

Laminates manufacturing contributes the majority share of revenue (around 75-86% over the last 3 years) whereas plywood trading accounts for the rest of the revenue. The company’s sales is dominated by the domestic market with Uttar Pradesh contributing 24.80% followed by West Bengal (12.91%), Karnataka (11.37%) and others as of H1FY26. The company procures all its raw materials from within the country as of FY25 with major supplies coming from Uttar Pradesh (43%) and Gujarat (14%). It has also launched the “Manilam Laminates” mobile app to engage carpenters, retailers and architects. The company employed 152 people with marketing and sales forming the largest team