Manilam Industries India Limited
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Manilam Industries India Limited's completed its IPO journey with a successful listing on NSE on Feb 27, 2026. The public offering mobilized 57,90,000 Shares in total capital, comprising 46,98,000 Shares in fresh equity and ₹7.53 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹65 to ₹69, with minimum application lots of 2000 shares. Investor participation during the Feb 20, 2026 to Feb 24, 2026 subscription window determined the final allocation pattern.
The basis of allotment was announced on Feb 25, 2026, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Established in 2015, Manilam Industries India Limited is engaged in manufacturing decorative laminates and trading plywood products, catering mainly to industrial and commercial customers through a B2B model where distributors place orders directly with the factory. The company offers a wide range of laminate collections including Artistica, Vogue, Dwar, Magnificent, Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding, designed for residential and commercial spaces with diverse designs, textures, and finishes. Its manufacturing facility is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, spread across around 20,650 square meters. To enhance customer engagement and market presence, the company has established Experience Centres in Bangalore, Delhi, and Chennai, with the Bangalore and Chennai locations also operating as service depots that combine product display, inventory storage, dispatch, and customer support, allowing customers to explore products, receive design assistance, and place orders efficiently.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Manufacturing Standards: Follows BIS specifications and uses advanced OCTA technology with multi-daylight presses to ensure quality and durability.
- Extensive Product Portfolio: Offers 1,000+ laminate designs and multiple plywood variants for residential and commercial needs.
- Established Distribution Network: Wide distribution reach ensures strong availability for architects, designers, and homeowners.
- Changing Design Preference Risk: Frequent shifts in customer tastes and laminate trends may impact demand if not addressed timely.
- Potential Conflict of Interest: Promoters or group entities operating in similar businesses may create strategic conflicts.
- Limited Control over Experience Centres: Centres in Delhi and Chennai are run by the corporate promoter, limiting direct operational control.
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