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InvestmentsIPOManilam Industries IPO

Manilam Industries IPO

SME

Open Date

20 Feb 2026

Close Date

24 Feb 2026

Min Investment

₹ 2,76,000

Lot Size

2,000

Issue Size

₹ 39.95 Cr

Price Range

₹ 65 - ₹ 69

Subscribed

5.64 x
status

This IPO is now Live.

Click here for live price
IPO Timeline
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IPO Offer Start
20 Feb 2026
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IPO Offer Ends
24 Feb 2026
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Allotment Finalisation
25 Feb 2026
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Refund Initialisation
26 Feb 2026
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Non-Institutional Buyers (sHNI)
26 Feb 2026
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Listing of Shares
27 Feb 2026
IPO Subscription Details as on 5 Apr 2026, 04:32 AM
Qualified Instituational Buyers (QiB)
0.17 x
Retail
5.72 x
Total
5.64 x
Non-Institutional Buyer (bHNI)
14.54 x
Non-Institutional Buyer (sHNI)
9.14 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Manilam Industries India Limited is engaged in the manufacturing and sale of decorative laminates with thicknesses ranging from 0.7 mm to 1 mm, offering over 1,000 design options and 100 textures across various collections including Artistica, Vogue, Dwar, and Magnificent Collections. The company also trades in plywood products serving industrial and commercial sectors. The company operates through a B2B model with a network of distributors and dealers, manufacturing at its facility in Bareilly, Uttar Pradesh, and marketing products under the 'Manilam' brand.
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Founded In

2015

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CEO

Mr. Manoj Kumar Agrawal

Financials of Manilam Industries India IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue148.10137.90140.03
Other Income0.720.142.14
Total Income
148.82138.04142.16
Total Expenses
146.64133.61131.71
Profit Before Tax2.184.4310.45
Total Profit
1.533.107.38

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to utilize funds for capital expenditure towards the purchase of plant and machinery required for the enhancement of its manufacturing operations. This allocation is aimed at enhancing the company's production capabilities, improving operational efficiency, and meeting the increasing demand for existing products.1
The company intends to allocate funds towards the purchase and installation of solar panel systems at its manufacturing plant. This is part of the company's long-term strategy to optimize energy consumption, reduce dependence on grid power, and manage energy costs more efficiently.2
The company proposes to utilize funds towards the full or partial repayment of certain borrowings. This repayment will serve multiple purposes, including reducing the company's outstanding indebtedness, lowering its debt servicing costs, improving its debt-equity ratio, and enabling the utilization of internal accruals for reinvestment in business growth.4
The company proposes to utilize funds to meet its estimated working capital requirements for the upcoming fiscal year. This allocation will primarily be utilized to support the company's incremental working capital needs arising from growth in production and expanding market demand.17
The company intends to allocate the balance of the net proceeds towards general corporate purposes. These funds may be used for strategic initiatives, strengthening marketing network and capabilities, meeting exigencies, brand-building exercises, and enhancing operations.-
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  • Manufacturing Standards: The company follows industry standards to ensure that plywood and laminates meet BIS specifications. The use of OCTA technology helps maintain precision and durability, with 16-daylite and 18-daylite presses operating continuously to ensure consistency and minimize warping or deformation.
  • Diverse Product Portfolio: The company offers a wide range of products, including over 1,000 laminate designs and various plywood options, catering to residential, commercial, and industrial spaces with traditional wood textures and modern patterns to meet different design and functional needs.
  • Distribution Network & Market Reach: The company has established a distribution network which ensures products are available in multiple regions, improving supply chain efficiency and product accessibility for architects, interior designers, and homeowners.
  • Technological Advancements in Production: The company uses advanced machinery including resin preparation units, drying systems for impregnated sheets, controlled environments with air conditioning, precisely controlled pressing parameters and laser cutters to maintain consistent quality and accurate thickness control.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
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