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Manilam Industries India IPO
6.32xsubscribed

Manilam Industries India IPO

Wood & Wood Products
listed
₹2.60LMin. investment

Manilam Industries India Limited IPO Details

SectorWood & Wood Products
Price range₹65.00 – ₹69.00
IPO type
SME
Lot size2000 shares
Issue size₹40Cr
Red Herring Prospectus
Read
Market cap
₹150.75CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹140.03CrLower than sector avg
Growth rate3Y CAGR
-2.76%

Manilam Industries India IPO Subscription Status

Date
QIB
NII
Retail
Total
20-Feb-26
0.0 times (X)
0.35 times (X)
0.3 times (X)
0.23 times (X)
23-Feb-26
0.12X
3.72X
2.01X
1.84X
24-Feb-26
2.24X
12.84X
5.85X
6.32X

As on 20-Feb-26, 5:30 PM

Manilam Industries India IPO Timeline

  1. Pre-apply
    19 Feb 2026
  2. Bid start
    20 Feb 2026
  3. Bid end
    24 Feb 2026
  4. Allotment
    25 Feb 2026
  5. Release of funds
    26 Feb 2026
  6. Demat transfer
    26 Feb 2026
  7. Listing
    27 Feb 2026

About Manilam Industries India Limited

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

Checklist

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Objectives of Manilam Industries India Limited IPO

Working capital
52.03%
The company will utilise ₹16.65 crore for funding working capital requirement of the business
General corporate purposes
26.20%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses
Repayment of loans
10.90%
The company will utilise ₹3.50 crore for repayment of certain outstanding loans
Capital Expenditures
10.70%
₹3.45 crore will be invested in new machinery, equipment, and solar panels for the plant.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹140.03Cr-2.76%₹7.37Cr₹150.75Cr15.071.84
This sector (avg.)₹425.07Cr---₹13.14Cr₹1,588.56Cr83.280.41
₹4,527.8Cr---₹186.08Cr₹17,858.27Cr77.130.67
₹2,487.58Cr---₹91.72Cr₹2,811.22Cr33.010.64
₹1,435.77Cr---₹72.11Cr₹2,809.27Cr---0.30

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Manilam Industries India IPO Contact Details

Company NameManilam Industries India Limited

How to apply for Manilam Industries India IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Manilam Industries India Limited IPO FAQs