Manilam Industries IPO Review 2026: GMP Rises Flat, Key Investor Insights

Manilam Industries IPO is open for bidding from 20th February 2026 to 24th February 2026. It is a bookbuilding IPO of ₹39.95 crore, comprising an entirely fresh issue of 0.47 crore shares and an offer-for-sale of 0.11 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 27th February 2026. 

Manilam Industries IPO Details 

The Manilam Industries IPO date is fixed between 20th February 2026 to 24th February 2026. The face value of Manilam Industries shares stands at ₹10 per share, and the IPO Issue price band is set at ₹65 to ₹69 per share

MAS Services Limited is the registrar of the Manilam Industries IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Manilam Industries IPO Share Reservation

Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.47 crore shares, worth ₹32.42 crore. Manilam Industries IPO Limited shares will be listed on the NSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Manilam Industries IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Manilam Industries IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 20th February 2026, Manilam Industries IPO GMP stands at ₹0.00 per share, which means the share will likely list at ₹69.00 on its tentative listing date, 27th February 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Manilam Industries IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends. 

Manilam Industries IPO GMP Review

Check out the detailed Manilam Industries GMP IPO review for a thorough understanding of its potential to report listing gains on 27th February 2026. The Manilam Industries IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Manilam Industries IPO.

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 has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Manilam Industries IPO, with its tentative listing day set for 27th February 2026. 

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Manilam Industries IPO.

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. 

Manilam Industries IPO Subscription Status

The Manilam Industries IPO will open for bidding on 20th February 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Manilam Industries IPO Subscription Status. 

About Manilam Industries Limited

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 Limited IPO Promoter Holdings

Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Manilam Industries IPO

The primary aim of the Manilam Industries IPO is to raise ₹88.88 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

Should I Invest in the Manilam Industries IPO?

Explore the pros and cons of Manilam Industries to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades. 

Pros of the Manilam Industries IPO

• The company has been improving its financial performance
• The company has established a business in decorative laminates.
• The Company’s B2B Distribution Network

Cons of the Manilam Industries IPO

• The company’s single manufacturing location risk
• The company is highly dependent on Raw Materials, which are subject to price volatility.
• The Company’s Working Capital Intensive Business

How to Apply for the Manilam Industries IPO?

Check the steps mentioned below to apply for Manilam Industries Ltd.

• Step 1: Conduct thorough research on the Manilam Industries IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 4,000 shares worth ₹2,76,000.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Manilam Industries IPO across multiple demat accounts to increase your chances of allotment. 

How to Check the Manilam Industries IPO Allotment Status?

You can check for the Manilam Industries IPO allotment in different ways. These include NSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

• Visit the NSE Official Site
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Manilam Industries IPO.  
• Choose whether to proceed with the PAN number or the application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Manilam Industries IPO allotment status.

Let’s Wrap

Manilam Industries IPO is a bookbuilding issue of shares worth ₹39.95 crores. The shares of Manilam Industries Limited will be listed on NSE and SME on its tentative listing date of 27th February 2026. Researching the Manilam Industries IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Manilam Industries IPO

How is the Manilam Industries IPO?

Ans. Currently, on 20th February 2026, the Manilam Industries GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹69.00 per share. It is a bookbuilding IPO of ₹39.95 shares. The face value of each Manilam Industries share is ₹10 per share. 

What is the Manilam Industries IPO price?

Ans. The Manilam Industries IPO issue price band is set at ₹65 to ₹69 per share. 

Is the Manilam Industries IPO a good investment?

Ans. 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.

Who is the registrar of the Manilam Industries IPO?

Ans. 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.

What is the issue size of the Manilam Industries IPO? 

Ans. Manilam Industries IPO is a bookbuilding IPO of ₹39.95 crores. Moreover, the IPO is set to open on 20th February 2026 and close on 24th February 2026. 

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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