Manilam Industries IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Sep 2025 |
|---|---|---|---|---|
| Revenue | 148.82 | 138.04 | 142.16 | 60.53 |
| Expense | 146.64 | 133.61 | 131.71 | 56.13 |
| Profit (PAT) | 1.53 | 3.10 | 7.38 | 3.16 |
| Total Assets | 133.55 | 149.56 | 158.98 | 159.99 |
| Company | EPS | P/E | Market Cap (Cr) |
|---|---|---|---|
| Archidply Industries Ltd | 1.62 | 52.41 | 3 |
| Rushil Decor Limited | -0.31 | - | -1 |
Promoters: Manilam Retail India Private Limited, Mr. Umesh Kumar Nemani, Mr. Manoj Kumar Agrawal and Mr. Aman Kumar Nemani
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,71,50,000 | 78.79% |
| Promoter Holding Post Issue | 2,18,48,000 | 61.85% |
Strengths & Risks
- Strong institutional (QIB) demand — 2.2x.
- Strong return on equity — 24%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Elevated leverage — debt/equity of 1.84.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Manilam Industries India, founded in 2015, is one of the leading companies engaged in the manufacturing and sale of Decorative Laminates and Plywood. Its product laminates include Artistica, Vogue, Dwar, Magnificent, Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding. Along with laminates, the firm is also involved in the trading of plywood in different sizes and grades. Its product mainly serves the industrial and commercial sectors. Moreover, its manufacturing facility is situated in Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, covering 20,650 sq meters of area. It runs its business in a B2B model, involving distributors placing orders directly from the manufacturing unit. Moreover, the firm also built experience centers in major citites like cities like Bangalore, Delhi, and Chennai. Allowing customers to decide the color, size, designs, and of the products.
Manilam Industries India Ltd., 46, B. B. Ganguly Street, 5th Floor, Room No. 9, Kolkata, West Bengal, 700012
| Purpose | Amount (Cr) |
|---|---|
| A. Capital Expenditure – Purchase of equipment/machinery of the Company. B. Capital Expenditure – Purchase and installation of Solar Panel Panels at the manufacturing plant. | 1.25 |
| Repayment in full or in part, of certain loans availed by the Company | 2.20 |
| Working Capital Requirements of the Company | 3.50 |
| General Corporate Purpose | 16.65 |
Resources & Documents
Manilam Industries has set a price band of Rs 65–Rs 69 per share for an issue size of Rs 40 crore. The stock listed with a 20.00% discount versus its issue price on February 27, 2026.
Manilam Industries India, founded in 2015, is one of the leading companies engaged in the manufacturing and sale of Decorative Laminates and Plywood. Its product laminates include Artistica, Vogue, Dwar, Magnificent, Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding.
The issue is promoted by Manilam Retail India Private Limited, Mr. Umesh Kumar Nemani, Mr. Manoj Kumar Agrawal and Mr. Aman Kumar Nemani with NEXGEN Financial Solutions Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards A. Capital Expenditure – Purchase of equipment/machinery of the Company. B. Capital Expenditure – Purchase and installat… (Rs 1 crore) and Repayment in full or in part, of certain loans availed by the Company (Rs 2 crore).
On fundamentals, the company is posting revenue growth of 3.0%, a profit margin of 5.2%, return on equity of 24.5% in its most recent reported period. Listed peers in this segment include Archidply Industries Ltd (P/E 52.41x, market cap Rs 3 crore) and Rushil Decor Limited (market cap Rs -1 crore) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
On our data-signal score, the combined signals for this issue currently read weak — several key indicators are reading below average. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Manilam Industries IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed.
See the full Manilam Industries GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
No comments yet. Be the first to share your opinion!