{"id":62496,"date":"2026-02-24T11:20:10","date_gmt":"2026-02-24T05:50:10","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=62496"},"modified":"2026-02-24T11:20:13","modified_gmt":"2026-02-24T05:50:13","slug":"manilam-industries-ipo-day-3-subscription","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/","title":{"rendered":"Manilam Industries IPO Day 3: Subscription at 2.52x, GMP Flat | Live Updates"},"content":{"rendered":"<p>The <strong>Manilam Industries IPO GMP <\/strong>is \u20b90 as of 24th February 2026. It is a book-building issue IPO of \u20b939.95 crores. This is an entirely fresh issue of 0.47 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 27th February 2026. The face value of Manilam Industries IPO shares is \u20b910 per share, and the IPO price band is \u20b965 to \u20b969 per share. Retail investors can bid for a minimum of 2 lots of 4,000 shares worth \u20b92,76,000. Scroll down to check the Manilam Industries IPO GMP and subscription details.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Manilam_Industries_IPO_GMP_Grey_Market_Premium\" title=\"Manilam Industries IPO GMP Grey Market Premium\">Manilam Industries IPO GMP Grey Market Premium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Manilam_Industries_IPO_Subscription_Status\" title=\"Manilam Industries IPO Subscription Status\">Manilam Industries IPO Subscription Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Manilam_Industries_IPO_Details\" title=\"Manilam Industries IPO Details\">Manilam Industries IPO Details<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Explanation\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#About_Manilam_Industries_Ltd\" title=\"About Manilam Industries Ltd.\">About Manilam Industries Ltd.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Manilam_Industries_Limited_Financials\" title=\"Manilam Industries Limited Financials\">Manilam Industries Limited Financials<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Explanation-2\" title=\"Explanation\">Explanation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Manilam_Industries_IPO_Objectives\" title=\"Manilam Industries IPO Objectives\">Manilam Industries IPO Objectives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Manilam_Industries_IPO_Registrar\" title=\"Manilam Industries IPO Registrar\">Manilam Industries IPO Registrar<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Manilam_Industries_IPO_Review\" title=\"Manilam Industries IPO Review\">Manilam Industries IPO Review<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#FAQs_on_Manilam_Industries_IPO\" title=\"FAQs on Manilam Industries IPO\">FAQs on Manilam Industries IPO<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#What_is_the_Manilam_Industries_IPO_GMP\" title=\"What is the Manilam Industries IPO GMP?\">What is the Manilam Industries IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#What_is_the_issue_price_of_the_Manilam_Industries_IPO\" title=\"What is the issue price of the Manilam Industries IPO?\">What is the issue price of the Manilam Industries IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Who_is_the_registrar_of_the_Manilam_Industries_IPO\" title=\"Who is the registrar of the Manilam Industries IPO?\">Who is the registrar of the Manilam Industries IPO?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/manilam-industries-ipo-day-3-subscription\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manilam_Industries_IPO_GMP_Grey_Market_Premium\"><\/span><strong>Manilam Industries IPO GMP Grey Market Premium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As mentioned earlier, the <strong>Manilam Industries IPO GMP <\/strong>currently stands at \u20b90.00 per share. Thus, the estimated listing price would be at \u20b969.00. This indicates that the estimated listing gain in this IPO could be 0.00%. Explore the table for <strong>Manilam Industries<\/strong> <strong>IPO GMP<\/strong> updates.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>GMP DATE<\/strong><\/td><td><strong>IPO Price<\/strong><\/td><td><strong>GMP Price<\/strong><\/td><td><strong>Estimated Listing Price<\/strong><\/td><td><strong>Estimated Gain<\/strong><\/td><\/tr><tr><td><strong>24-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>23-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>22-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>21-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>20-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>19-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>18-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>17-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>16-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>15-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>14-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><tr><td><strong>13-2-2026<\/strong><\/td><td>\u20b969.00<\/td><td>\u20b90.00<\/td><td>\u20b969.00<\/td><td>0.00%<\/td><\/tr><\/tbody><\/table><\/figure><p><em>Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Manilam Industries IPO GMP status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Manilam Industries IPO <\/em><\/strong><strong>GMP Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manilam_Industries_IPO_Subscription_Status\"><\/span><strong>Manilam Industries IPO Subscription Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>As of now, the Manilam Industries IPO has been subscribed to 2.52 times. Of these, 2.65 times are subscribed by retail investors, 5.42 times by non-institutional investors, and 0.12 times by QII (Qualified Institutional Investors).&nbsp;&nbsp;<\/p><p>The healthy subscription status indicates that investors are expecting higher returns at the time of Manilam Industries&#8217; IPO listing on 27th February 2026. Manilam Industries also has a positive outlook behind the fresh issue of 0.47 crore shares, which will raise around Rs 39.95 crores.<\/p><p><strong><em>Note:<\/em><\/strong><em> GMP details are subject to change based on market conditions and fluctuations. Check the live Manilam Industries IPO Subscription status at Univest.<\/em><\/p><p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Manilam Industries IPO Subscription<\/em><\/strong><strong> Status<\/strong><\/a><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manilam_Industries_IPO_Details\"><\/span><strong>Manilam Industries IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>IPO Allotment Date<\/strong><\/td><td>25th February 2026<\/td><\/tr><tr><td><strong>IPO Open Date<\/strong><\/td><td>20th January 2026<\/td><\/tr><tr><td><strong>IPO Close Date<\/strong><\/td><td>24th February 2026<\/td><\/tr><tr><td><strong>Refund Initiation&nbsp;<\/strong><\/td><td>25th February 2026<\/td><\/tr><tr><td><strong>Issue Size<\/strong><\/td><td>57,90,000 shares(agg. up to \u20b940 Cr)<\/td><\/tr><tr><td><strong>Fresh Issue<\/strong><\/td><td>44,06,000 shares(agg. up to \u20b930 Cr)<\/td><\/tr><tr><td><strong>Offer for Sale&nbsp;<\/strong><\/td><td>10,92,000 shares of \u20b910(agg. up to \u20b98 Cr)<\/td><\/tr><tr><td><strong>Face Value<\/strong><\/td><td>\u20b910 per share<\/td><\/tr><tr><td><strong>Lot Size<\/strong><\/td><td>2,000 Shares<\/td><\/tr><tr><td><strong>Issue Price&nbsp;<\/strong><\/td><td>\u20b965 to \u20b969 per share<\/td><\/tr><tr><td><strong>Issue Type<\/strong><\/td><td>Bookbuilding IPO<\/td><\/tr><tr><td><strong>Listing At<\/strong><\/td><td>NSE SME<\/td><\/tr><tr><td><strong>Listing Date<\/strong><\/td><td>27th February 2026<\/td><\/tr><\/tbody><\/table><\/figure><p><strong><em>Also Read: <\/em><\/strong><a href=\"https:\/\/univest.in\/blogs\/manilam-industries-ipo-review\"><strong><em>Manilam Industries IPO GMP &amp; Review: Apply or Avoid?<\/em><\/strong><\/a><\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><strong>Manilam Industries IPO<\/strong>: Manilam Industries IPO Limited has declared an issue price band of \u20b965 to \u20b969 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 4,000 shares, each worth \u20b92,76,000. The face value of Manilam Industries IPO Limited shares is \u20b910 per share. The shares of Manilam Industries IPO Limited will be listed on NSE and SME on its tentative listing day, 27th February 2026. Scroll down to check GMP updates and <strong>Manilam Industries IPO <\/strong>reviews.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Manilam_Industries_Ltd\"><\/span><strong>About Manilam Industries Ltd.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Manilam Industries Incorporated in the year 2015, Manilam Industries India Limited is involved in the manufacturing and subsequent sale of decorative laminates and plywood. The company has come up with various laminate ranges, such as the Artistica Collection, the Vogue Collection, the Dwar Collection, and the Magnificent Collection. In addition to these, owing to market demand and distributor feedback, other ranges such as Chromatic Tales, Flute, ECP, Wood &amp; Veneer, and Wall Cladding have also been introduced. These ranges are used for both residential and commercial purposes. Apart from laminates, the company is also involved in the trading of plywood of various grades and sizes, mainly used in the industrial and commercial sectors.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manilam_Industries_Limited_Financials\"><\/span><strong>Manilam Industries Limited Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The company&#8217;s financial analysis is essential before applying for the<strong> Manilam Industries IPO. <\/strong>See the table for Manilam Industries Limited&#8217;s financials.&nbsp;<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Year Ended<\/strong><\/td><td><strong>30th Sep 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2025 (in cr.)<\/strong><\/td><td><strong>31st March 2024 (in cr.)<\/strong><\/td><td><strong>31st March 2023 (in cr.)<\/strong><\/td><\/tr><tr><td><strong>Assets<\/strong><\/td><td>159.99<\/td><td>158.98<\/td><td>149.56<\/td><td>133.55<\/td><\/tr><tr><td><strong>Revenue<\/strong><\/td><td>60.53<\/td><td>142.16<\/td><td>138.04<\/td><td>148.82<\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td>3.16<\/td><td>7.38<\/td><td>3.10<\/td><td>1.53<\/td><\/tr><tr><td><strong>EBITDA<\/strong><\/td><td>8.67<\/td><td>17.75<\/td><td>14.18<\/td><td>9.12<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>43.08<\/td><td>33.87<\/td><td>26.38<\/td><td>23.24<\/td><\/tr><tr><td><strong>Reserves and Surplus<\/strong><\/td><td>25.93<\/td><td>31.57<\/td><td>24.08<\/td><td>20.94<\/td><\/tr><tr><td><strong>Total Borrowings<\/strong><\/td><td>58.05<\/td><td>62.44<\/td><td>73.49<\/td><td>60.75<\/td><\/tr><\/tbody><\/table><\/figure><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Explanation-2\"><\/span><strong>Explanation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Manilam Industries Limited&#8217;s revenue increased by 2.98% from \u20b9138.04 crores in March 2024 to \u20b9142.16 crores in March 2025. Moreover, the company&#8217;s PAT increased by 138.06% from \u20b93.10 crores in March 2024 to \u20b97.38 crores in March 2025.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manilam_Industries_IPO_Objectives\"><\/span><strong>Manilam Industries IPO Objectives<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The primary aim of the <strong>Manilam Industries IPO<\/strong> is to raise \u20b939.95 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.<\/p><ul class=\"wp-block-list\"><li>A. Capital Expenditure &#8211; Purchase of equipment\/machinery of the company. B. Capital Expenditure &#8211; Purchase and installation of solar panels at the manufacturing plant.<\/li>\n\n<li>To Repayment in full or in part, of certain loans availed by the Company<\/li>\n\n<li>To Working Capital Requirements of the Company<\/li>\n\n<li>To General Corporate Purposes<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manilam_Industries_IPO_Registrar\"><\/span><strong>Manilam Industries IPO Registrar<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>MAS Services Limited is the registrar for the Manilam Industries IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Manilam Industries allotment and refund, you can contact MAS Services Limited at <a href=\"mailto:ipo@masserv.com\">ipo@masserv.com<\/a> or at (011) 2610 4142.<\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manilam_Industries_IPO_Review\"><\/span><strong>Manilam Industries IPO Review<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"536\" src=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-1024x536.jpg\" alt=\"Manilam Industries IPO Review\n\" class=\"wp-image-62498\" srcset=\"https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-1024x536.jpg 1024w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-300x157.jpg 300w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-768x402.jpg 768w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-900x471.jpg 900w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-600x314.jpg 600w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-150x79.jpg 150w, https:\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><p>The <strong>Manilam Industries IPO <\/strong>has gained neutral ratings from industry experts, brokers, and institutional investors. Manilam Industries Limited&#8217;s revenue increased by 47.37% from \u20b948.15 crores in March 2024 to \u20b970.96 crores in March 2025. Moreover, the company&#8217;s PAT increased by 85.36% from \u20b910.32 crores in March 2024 to \u20b919.13 crores in March 2025. Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we\u2019re waiting for additional ratings to get a clearer picture and will keep posting them to deliver real-time insights. Until then, you can explore the company&#8217;s technical analysis to know whether you should apply for the <strong>Manilam Industries IPO <\/strong>or not.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Key Indicators<\/strong><\/td><td><strong>Value<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/price-to-earnings-ratio-p-e-ratio\"><strong>PE Ratio (Price-to-Earnings)<\/strong><\/a><strong>&nbsp;<\/strong><\/td><td>16.04<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/earnings-per-share-eps-formula\"><strong>EPS (Earnings Per Share)<\/strong><\/a><\/td><td>4.30<\/td><\/tr><tr><td><strong>RoNW<\/strong><\/td><td>8.35%<\/td><\/tr><tr><td><a href=\"https:\/\/univest.in\/blogs\/return-on-capital-employed\"><strong>ROCE<\/strong><\/a><\/td><td>13.50%<\/td><\/tr><tr><td><strong>ROE<\/strong><\/td><td>8.35%<\/td><\/tr><tr><td><strong>EBITDA Margin<\/strong><\/td><td>14.39%<\/td><\/tr><tr><td><strong>Price to Book Value<\/strong><\/td><td>2.75<\/td><\/tr><tr><td><strong>Market Capitalisation<\/strong><\/td><td>\u20b9150.75 Cr<\/td><\/tr><\/tbody><\/table><\/figure><p>The P\/E ratio of Manilam Industries Limited shares is 16.04, and its Earnings Per Share (EPS) stands at 4.30. Thus, the <strong>Manilam Industries IPO<\/strong> can deliver gains on its tentative listing date, 27th February 2026.&nbsp;<\/p><p><strong><em>Note<\/em><\/strong><em>: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Manilam Industries Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.&nbsp;<\/em><\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Indicators<\/strong><\/td><td><strong>Pre-IPO<\/strong><\/td><td><strong>Post-IPO<\/strong><\/td><\/tr><tr><td><strong>PE Ratio<\/strong><\/td><td>16.04<\/td><td>23.85<\/td><\/tr><tr><td><strong>EPS&nbsp;<\/strong><\/td><td>4.30<\/td><td>2.89<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_on_Manilam_Industries_IPO\"><\/span><strong>FAQs on Manilam Industries IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_Manilam_Industries_IPO_GMP\"><\/span><strong>What is the Manilam Industries IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Currently, on 24th February 2026, the <strong>Manilam Industries IPO GMP<\/strong> (Grey Market Premium) stands at \u20b90.00. This indicates that the estimated listing price could be \u20b969.00 per share.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_of_the_Manilam_Industries_IPO\"><\/span><strong>What is the issue price of the Manilam Industries IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>The Manilam Industries IPO issue price band is set at \u20b965.00 to \u20b969.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 4,000 shares, worth \u20b92,76,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth \u20b94,14,000.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_is_the_registrar_of_the_Manilam_Industries_IPO\"><\/span><strong>Who is the registrar of the Manilam Industries IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>MAS Services Limited is the registrar for the Manilam Industries IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Manilam Industries allotment and refund, you can contact MAS Services Limited at <a href=\"mailto:ipo@masserv.com\">ipo@masserv.com<\/a> or at (011) 2610 4142.<\/p><p><strong><em>Disclaimer<\/em><\/strong><em>: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Manilam Industries IPO, download the Manilam Industries IPO RHP and Manilam Industries IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.<\/em><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/yashhtej-industries-ipo-gmp-subscription-day-3\">Yashhtej Industries IPO Day 3: Subscription at 0.92x, GMP Rises 10.91% | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/gaudium-ivf-women-health-ipo-gmp-subscription-day-1\">Gaudium IVF &amp; Women Health IPO Day 1: Subscription at 0.27x, GMP Rises 10.76% | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/manilam-industries-ipo-gmp-subscription-day-1\">Manilam Industries IPO Day 1: Subscription at 0.03x, GMP Flat | Live Updates<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/yashhtej-industries-ipo-allotment-status\">Yashhtej Industries IPO Allotment Status: 1.05x Subscribed, GMP Rises 1.82% \u2014 Check Online<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/pngs-reva-diamond-jewellery-ipo-review\">PNGS Reva Diamond Jewellery IPO Review 2026: GMP Rises 5.70%, Key Investor Insights<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The Manilam Industries IPO GMP is \u20b90 as of 24th February 2026. It is a book-building issue IPO of \u20b939.95 crores. This is an entirely fresh issue of 0.47 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 27th February 2026. The face value of Manilam Industries IPO<\/p>\n","protected":false},"author":27,"featured_media":62497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[1015,1352,3806],"class_list":["post-62496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ipo","tag-ipo-gmp","tag-ipo-subscription"],"metadata":{"_edit_lock":["1771912217:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:4:{s:95:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Manilam-Industries-India-IPO-Apply-or-Avoid.jpg\";a:2:{s:2:\"id\";i:62498;s:11:\"source_type\";s:13:\"media-library\";}s:104:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/02\/Manilam-Industries-India-IPO-Apply-or-Avoid-1024x536.jpg\";a:2:{s:2:\"id\";i:62498;s:11:\"source_type\";s:13:\"media-library\";}s:127:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid.jpg\";a:2:{s:2:\"id\";i:62498;s:11:\"source_type\";s:13:\"media-library\";}s:136:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/02\/24111715\/Manilam-Industries-India-IPO-Apply-or-Avoid-1024x536.jpg\";a:2:{s:2:\"id\";i:62498;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["1281"],"rank_math_seo_score":["77"],"rank_math_title":["Manilam Industries IPO Day 3: 2.52x Subscribed, GMP Flat"],"rank_math_description":["Manilam Industries IPO Day 3 sees weak demand at just 2.52x subscription, even as GMP remains flat. 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