Manilam Industries SME IPO
Manilam Industries IPO — date, price band, GMP & allotment 2026
Manilam Industries India Ltd's IPO opened on 20 February 2026 and closes on 24 February, with listing slated for 27 February on NSE SME at ₹65-₹69 per share. Founded in 2015 in Bareilly, Uttar Pradesh, the firm manufactures decorative laminates under the "Manilam" brand while trading plywood. It follows a B2B model via 67 distributors, 358 dealers, 5,000+ carpenters, and experience centres in Bangalore, Delhi, Chennai, boasting pan-India presence.
Stock price
Manilam Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 16 September.
- Open 20 Feb 2026
- Close 24 Feb 2026
- Allotment 25 Feb 2026
- Refund/credit 26 Feb 2026
- Listing 27 Feb 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 20 to 24 Feb, 2026 |
|---|---|
| Price Band | ₹65 – ₹69 |
| Face Value | ₹10 |
| Lot Size | 2000 Shares |
| Issue Size | ₹39.95 Cr |
| Sale Type | Book building issue |
| Listing On | NSE SME |
| Registrar | Mas Services Limited |
| Min Investment | ₹ 2,76,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 2000 shares at the ₹69 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 4,000 | ₹2,76,000 |
| Retail (max) | 2 | 4,000 | ₹2,76,000 |
| HNI (min) | 3 | 6,000 | ₹4,14,000 |
Three years of numbers
All figures in ₹ crore, as reported in the Manilam Industries offer document.
| Metric | 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 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Manilam Industries RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Manilam Industries IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹2.89 |
| P/E Ratio (x) | 23.85 |
| Market Cap at Offer Price (₹ Cr) | ₹75.45 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹69 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹23.60 Cr of the issue is earmarked to named objects.
About the company
No company details available yet.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
03335076903
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
NEXGEN FINANCIAL SOLUTIONS PRIVATE LIMITED
6 issues handledBest listing: Defrail Technologies (+28.4%). Weakest: Marushika Technology (+2.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Manilam Industries?
The current Grey Market Premium is ₹0.
What is the Manilam Industries IPO price band?
₹65 to ₹69, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 February 2026, with listing on 27 February 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Mas Services Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
