Manilam Industries IPO Day 1: Subscription at 0.03x, GMP Flat | Live Updates

The Manilam Industries IPO GMP is ₹0 as of 20th February 2026. It is a book-building issue IPO of ₹39.95 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 ₹10 per share, and the IPO price band is ₹65 to ₹69 per share. Retail investors can bid for a minimum of 2 lots of 4,000 shares worth ₹2,76,000. Scroll down to check the Manilam Industries IPO GMP and subscription details.

Manilam Industries IPO GMP Grey Market Premium

As mentioned earlier, the Manilam Industries IPO GMP currently stands at ₹0.00 per share. Thus, the estimated listing price would be at ₹69.00. This indicates that the estimated listing gain in this IPO could be 0.00%. Explore the table for Manilam Industries IPO GMP updates.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Manilam Industries IPO GMP status at Univest.

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Manilam Industries IPO Subscription Status

As of now, the Manilam Industries IPO has been subscribed to 0.03 times. Of these, 0.06 times are subscribed by retail investors, 0.02 times by non-institutional investors, and 0.00 times by QII (Qualified Institutional Investors).  

The healthy subscription status indicates that investors are expecting higher returns at the time of Manilam Industries’ 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.

Note: GMP details are subject to change based on market conditions and fluctuations. Check the live Manilam Industries IPO Subscription status at Univest.

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Manilam Industries IPO Details

Also Read: Manilam Industries IPO GMP & Review: Apply or Avoid?

Explanation

Manilam Industries IPO: Manilam Industries IPO Limited has declared an issue price band of ₹65 to ₹69 per share. With this IPO, the company allows retail investors to bid for at least 2 lots of 4,000 shares, each worth ₹2,76,000. The face value of Manilam Industries IPO Limited shares is ₹10 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 Manilam Industries IPO reviews. 

About Manilam Industries Ltd.

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 & 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.

Manilam Industries Limited Financials

The company’s financial analysis is essential before applying for the Manilam Industries IPO. See the table for Manilam Industries Limited’s financials. 

Explanation

Manilam Industries Limited’s revenue increased by 2.98% from ₹138.04 crores in March 2024 to ₹142.16 crores in March 2025. Moreover, the company’s PAT increased by 138.06% from ₹3.10 crores in March 2024 to ₹7.38 crores in March 2025.

Manilam Industries IPO Objectives

The primary aim of the Manilam Industries IPO is to raise ₹39.95 crores. On the other hand, Fractal Analytics has decided to utilise these funds in different ways.

• A. Capital Expenditure – Purchase of equipment/machinery of the company. B. Capital Expenditure – Purchase and installation of solar panels at the manufacturing plant.
• To Repayment in full or in part, of certain loans availed by the Company
• To Working Capital Requirements of the Company
• To General Corporate Purposes

Manilam Industries IPO Registrar

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 ipo@masserv.com or at (011) 2610 4142.

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Manilam Industries IPO Review

The Manilam Industries IPO has gained neutral ratings from industry experts, brokers, and institutional investors. Manilam Industries Limited’s revenue increased by 47.37% from ₹48.15 crores in March 2024 to ₹70.96 crores in March 2025. Moreover, the company’s PAT increased by 85.36% from ₹10.32 crores in March 2024 to ₹19.13 crores in March 2025. Most analysts recommend applying for this IPO to diversify your investment portfolio. However, we’re 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’s technical analysis to know whether you should apply for the Manilam Industries IPO or not.

The P/E ratio of Manilam Industries Limited shares is 16.04, and its Earnings Per Share (EPS) stands at 4.30. Thus, the Manilam Industries IPO can deliver gains on its tentative listing date, 27th February 2026. 

Note: 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. 

FAQs on Manilam Industries IPO

What is the Manilam Industries IPO GMP?

Currently, on 20th February 2026, the Manilam Industries IPO GMP (Grey Market Premium) stands at ₹0.00. This indicates that the estimated listing price could be ₹69.00 per share.

What is the issue price of the Manilam Industries IPO?

The Manilam Industries IPO issue price band is set at ₹65.00 to ₹69.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 4,000 shares, worth ₹2,76,000. Moreover, HNIs are required to bid for a minimum of 3 lots (6,000 shares) worth ₹4,14,000.

Who is the registrar of the Manilam Industries IPO?

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 ipo@masserv.com or at (011) 2610 4142.

Disclaimer: 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.

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