| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹39.95 Cr |
| Reserved for Market Maker | ₹2.01 Cr |
| Net Issue Size | ₹39.95 Cr |
| Fresh Issue | ₹30.40 Cr |
| Offer for Sale | ₹7.53 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹65.00-69.00 per share |
| NSE Code | MANILAM |
| Registrar | MAS Services Ltd. |
| Lead Managers | NEXGEN Financial Solutions Pvt.Ltd. |
| Allotment Status |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 4,000 shares · Multiples of 2,000 shares
Incorporated in 2015, Manilam Industries India Limited is engaged in the manufacturing and sale of Decorative Laminates and Plywood.
The company has developed and launched several laminate collections, including the Artistica Collection, the Vogue Collection, the Dwar Collection, and the Magnificent Collection. In response to market demand and distributor feedback, additional collections such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced. These collections cater to both residential and commercial applications, providing a wide range of designs and finishes.
In addition to laminates, the company is involved in the trading of plywood in different grades and sizes, primarily serving industrial and commercial sectors.
The company’s manufacturing plant is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, covering an area of 20,650 square meters. It operates on a business-to-business (B2B) model, with distributors—both large and small—placing orders directly with the manufacturing plant.
To enhance customer engagement, Manilam Industries India Limited has established Experience Centres in major cities including Bangalore, Delhi, and Chennai. In Bangalore and Chennai, the company follows an integrated setup combining Service Depots with Experience Centres, offering display, stock, dispatch, and customer interaction from a single location. This setup enables customers to view products, receive expert guidance on colour and design combinations, and fulfil orders efficiently.
As of the date of the Draft Red Herring Prospectus, the company employed a total of 149 individuals, including workers on third-party contracts.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure-Purchase of equipment/machineries | 1.25 |
| 2 | Capital Expenditure-Purchase and installation of Solar Panel at the Manufacturing Plant | 2.20 |
| 3 | Repayment in full or in part, of certain loans availed by the Company | 3.50 |
| 4 | Working Capital Requirements of the Company | 16.65 |
| 5 | Expenses for General Corporate Purposes | 4.82 |
| 6 | Issue Expenses | 4.00 |
| Total | 32.42 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 159.99 | 158.98 | 149.56 | 133.55 |
| Total Income | 60.53 | 142.16 | 138.04 | 148.82 |
| Profit After Tax | 3.16 | 7.38 | 3.10 | 1.53 |
| EBITDA | 8.67 | 17.75 | 14.18 | 9.12 |
| NET Worth | 43.08 | 33.87 | 26.38 | 23.24 |
| Reserves and Surplus | 25.93 | 31.57 | 24.08 | 20.94 |
| Total Borrowing | 58.05 | 62.44 | 73.49 | 60.75 |
| Amount in ₹ Crore | ||||
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 8.35% | 24.80% |
| ROCE | 13.50% | 36.68% |
| RoNW | 8.35% | 24.80% |
| PAT Margin | 5.33% | 5.33% |
| EBITDA Margin | 14.39% | 12.67% |
| Price to Book Value | 2.75 | 0.47 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.30 | 2.89 |
| P/E (x) | 16.04 | 23.85 |
| Promoter Holding | 78.79% | 61.85% |
| Market Cap | ₹150.75 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees | 1.00 |
| 2 | Undertaking commission | 1.60 |
| 3 | Brokerage, Selling Commission and upload fees | 0.01 |
| 4 | Registrars to the issue | 0.05 |
| 5 | Legal Advisors | 0.15 |
| 6 | Advertising and Marketing Expenses | 0.05 |
| 7 | Regulators including stock exchanges | 0.10 |
| 8 | Printing and distributions of issue stationary | 0.03 |
| 9 | Others, if any (to be specified) | 1.01 |
| Total | 4.00 |
Last Updated on 16-Jun-2026 18:10:14