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Manilam Industries India Limited manufactures and sells decorative laminates and trades in plywood. The company offers over 1,000 design options across various collections, including Artistica, Vogue, and Magnificent, catering to residential and commercial applications. Its product range includes laminates of thicknesses from 0.7 mm to 1 mm. Manufacturing operations are based at its plant in Bareilly, Uttar Pradesh. The company markets its products under the 'Manilam' brand through a network of distributors and dealers and engages customers via experience centers in Bangalore, Delhi, and Chennai.
Feb 20, 2026
Feb 24, 2026
Feb 27, 2026
SME
Upcoming
—
32.42 Cr
7.53 Cr
₹65 - ₹69
2000
The main objectives of the issue are to utilize the net proceeds for the following purposes:
Funding capital expenditure for the purchase of equipment and machineries amounting to ₹1.25 crores.
Financing capital expenditure for the purchase and installation of a Solar Panel system at the company's manufacturing plant for ₹2.20 crores.
Repayment or prepayment, in full or in part, of certain loans availed by the company, amounting to ₹3.50 crores.
Fulfilling the working capital requirements of the company with an allocation of ₹16.65 crores.
Utilizing the remaining funds for general corporate purposes to support strategic initiatives and business growth.
16.04
4.3
8.35%
13.5%
8.35%
—
5.33%
14.39%
2.75
Strong distribution network with over 50 distributors and 7,000 dealers across India.
Diverse product portfolio featuring over 1,000 laminate designs and various plywood options.
Use of advanced manufacturing standards and technology, including OCTA technology, to ensure product quality.
Consistent improvement in operational profitability with EBITDA margin expanding from 6.56% to 13.93% between FY23 and FY25.
Inconsistent revenue growth, with a dip in FY24 before a partial recovery in FY25.
Negative operating cash flows in FY23 and FY24, indicating past liquidity stress.
High dependence on short-term borrowings for working capital financing.
Relatively low interest coverage ratio, reflecting a limited cushion to service debt obligations.
Growing demand in construction, interiors, and furniture sectors provides scope for expansion.
Potential to capitalize on the premium and eco-friendly laminate segments to enhance market position.
Leverage positive operating cash flow from FY25 for reinvestment in capacity and technology upgrades.
Expansion of digital sales channels to improve customer reach and brand engagement.
Vulnerability to economic cycles and competitive pressures leading to revenue fluctuations.
High sensitivity to interest rate changes due to significant finance costs.
Margin pressure from the volatility of raw material prices.
Competition from substitute products such as PVC panels and other engineered wood materials.
Manilam Industries India Limited manufactures and sells decorative laminates and trades in plywood. The company offers over 1,000 design options across various collections, including Artistica, Vogue, and Magnificent, catering to residential and commercial applications. Its product range includes laminates of thicknesses from 0.7 mm to 1 mm. Manufacturing operations are based at its plant in Bareilly, Uttar Pradesh. The company markets its products under the 'Manilam' brand through a network of distributors and dealers and engages customers via experience centers in Bangalore, Delhi, and Chennai.
The Manilam Industries India Ltd. IPO is scheduled to open for subscription on Feb 20, 2026 and close on Feb 24, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Manilam Industries India Ltd. IPO is ₹65 to ₹69. Investors can place bids within this range once the issue opens.
The minimum lot size for the Manilam Industries India Ltd. IPO is 2000 shares. The minimum investment amount ₹1,38,000.
The total issue size of the Manilam Industries India Ltd. IPO is will be disclosed closer to the issue opening. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Manilam Industries India Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Manilam Industries India Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Manilam Industries India Ltd. are expected to list on stock exchanges on Feb 27, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Manilam Industries India Ltd. IPO are proposed to be used for The main objectives of the issue are to utilize the net proceeds for the following purposes:, Funding capital expenditure for the purchase of equipment and machineries amounting to ₹1.25 crores., Financing capital expenditure for the purchase and installation of a Solar Panel system at the company's manufacturing plant for ₹2.20 crores., Repayment or prepayment, in full or in part, of certain loans availed by the company, amounting to ₹3.50 crores., Fulfilling the working capital requirements of the company with an allocation of ₹16.65 crores., Utilizing the remaining funds for general corporate purposes to support strategic initiatives and business growth.
Before applying for the Manilam Industries India Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
