Manilam Industries IPO Day 3: Check subscription status, allotment date and steps

Manilam Industries IPO: The initial public offering of decorative laminate manufacturer Manilam Industries has been subscribed 5.24 times so far on Tuesday, February 24, the final day of bidding.

It has received bids for 2,17,76,000 shares as against 41,52,000 shares on offer, according to the data on the NSE website until 3:49 pm.

The ₹39.95 crore initial share sale, with a price band of ₹65 to ₹69 per share, is a mix of a fresh issue of shares aggregating up to ₹32.42 crore and an offer for sale (OFS) of ₹7.53 crore by Yogesh Kumar Agarwal, Sanjay Kumar Agarwal, Rajesh Kumar Agarwal and Hitesh Kumar Agarwal.

The fresh issue proceeds will be utilised for capital expenditure needs, debt repayment, working capital requirements and general corporate purposes.

Manilam Industries IPO: Lot size

A lot consists of 2,000 shares. The minimum investment for an individual investor is two lots or 4,000 shares.

Before the IPO, the company had raised ₹11.30 crore for anchor investors, including Pine Oak Global Fund – Class B, North Star Opportunities Fund VCC-Bull Value Incorporated VCC Sub-Fund and Longthrive Capital VCC – Trendview Capital Fund.

Nextgen Financial Solutions is the issue's bookrunning lead manager, while MAS Services serves as the registrar.

Manilam Industries India, incorporated in 2015, makes and sells decorative laminates and plywood. It has developed and launched various laminate collections, including the Vogue Collection, the Dwar Collection, the Artistica Collection, and the Magnificent Collection.

Manilam Industries IPO allotment and listing date

The basis of allotment of the Manilam Industries IPO is expected to be finalised on Wednesday, February 27. The listing will occur on Friday, February 27.

How to check Manilam Industries IPO allotment status on NSE

• Go to NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select the ‘Equity & SME IPO bid details’ option
• Pick ‘Manilam Industries India Limited’ under the symbol ‘MANILAM’
• Fill in your PAN and application number
• Hit the 'Submit' button

Steps to check Manilam Industries IPO allotment status on Mas Services

• Head to registrar Mas Services' IPO allotment page: https://www.masserv.com/opt.asp
• Select 'Manilam Industries India Limited Allotment Status'
• Enter your Permanent Account Number (PAN) or Dp id/Client id
• Press the 'Search' button