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Open Sme

Manilam Industries IPO: Layering Growth in the Decorative Laminates Market IPO

Listing at: BSE, NSE

IPO Details

Price Band ₹65 - ₹69
Lot Size 2000 shares
Minimum Investment ₹138,000
Issue Size ₹39.95 Crores
Face Value ₹10

IPO Timeline

IPO Open Feb 20, 2026
IPO Close Feb 24, 2026
Allotment Feb 25, 2026
Listing Feb 27, 2026

Subscription Status

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NII (HNI) --
Retail --
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Grey Market Premium (GMP)

Current GMP +₹0
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⚠️ GMP is not an indicator of listing performance. It is based on unofficial grey market trading.

Company Financials

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About the Company

Manilam Industries India Limited: A Detailed IPO Analysis

Introduction

Manilam Industries India Limited is entering the public market with its SME IPO, aiming to capitalize on the growing demand for decorative laminates and interior solutions. The company has established a significant presence in the wood-based products industry, focusing on quality and innovation.

IPO Snapshot

  • Price Band: ₹65 – ₹69 per share
  • Issue Size: ₹39.95 Crore
  • Dates: February 20 – February 24, 2026
  • Lot Size: 2000 Shares
  • Total Shares Offered: Fresh Issue of 0.47 Cr shares and Offer for Sale (OFS) of 0.11 Cr shares.
  • Listing Platform: SME Segment

Company Deep Dive

Manilam Industries specializes in the manufacturing of decorative laminates, including high-pressure laminates (HPL) used for various residential and commercial applications. Their product portfolio is designed to meet modern aesthetic requirements while ensuring durability. The company operates a well-equipped manufacturing facility that adheres to international standards.

Financial Performance

Manilam Industries has shown a steady growth trajectory in its financial performance. The company’s revenue has seen a positive trend over the last few fiscal years, supported by an expanding distribution network and increased market penetration. Key financial metrics indicate healthy margins and a focus on operational efficiency.

Objectives of the Issue

  1. Funding working capital requirements.
  2. Repayment or prepayment of certain borrowings.
  3. General corporate purposes.
  4. Meeting issue expenses.

Risk Factors

  • Raw Material Costs: Fluctuations in the prices of key raw materials like resins and decorative paper can impact profitability.
  • Competition: The decorative laminates market is highly competitive, with both organized and unorganized players.
  • Economic Sensitivity: The demand for interior products is closely linked to the real estate sector and overall economic health.
  • Regulatory Risks: Any changes in environmental regulations or industry-specific policies could affect operations.

IPO Parties

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