Manilam Industries IPO
LiveAlready have an account? Apply now
Manilam Industries IPO details
Schedule of Manilam Industries
| Issue open date | 20 Feb 2026 |
| Issue close date | 24 Feb 2026 |
| UPI mandate deadline | 24 Feb 2026 (5 PM) |
| Allotment finalization | 25 Feb 2026 |
| Refund initiation | 26 Feb 2026 |
| Share credit | 26 Feb 2026 |
| Listing date | 27 Feb 2026 |
| Mandate end date | 11 Mar 2026 |
| Lock-in end date for anchor investors (50%) | 27 Mar 2026 |
| Lock-in end date for anchor investors (remaining) | 26 May 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Manilam Industries
Manilam Industries India Limited was originally established as a partnership firm, M/s B P Industries, in May 2013. It was incorporated as a private limited company in November 2015 and later renamed Manilam Industries India Private Limited in 2023. The Company was converted into a public limited company in December 2024. The Company is promoted by Manilam Retail India Private Limited, Mr Umesh Kumar Nemani, Mr Manoj Kumar Agrawal, Mr Aman Kumar Nemani, Mr Anubhav Kumar Nemani and Mr Sreyas Agrawal. It is engaged in the manufacturing and sale of decorative laminates in thicknesses ranging from 0.7 mm to 1 mm. Its product portfolio includes curated collections catering to residential and commercial interiors. The Company also trades in plywood across grades and sizes, serving industrial and commercial customers. Its business model focuses on product design, quality manufacturing, and distribution-led sales. Strong promoter experience, an established product portfolio, and presence in the growing laminates and plywood segment position the Company to benefit from rising demand in the interior and furniture markets.
Financials of Manilam Industries
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 39.95 |
| Fresh Issue – Proceeds go to the company | 32.42 |
| Offer for sale – Proceeds go to the existing investors | 7.53 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure – Purchase of equipment/machineries | 1.25 (3.86%) |
| Capital Expenditure – Purchase & installation of Solar Panel | 2.2 (6.79%) |
| Repayment of certain loans | 3.5 (10.80%) |
| Working Capital Requirements | 16.65 (51.36%) |
| General corporate purposes | 8.82 (27.19%) |
Strengths
- Established manufacturer of decorative laminates with diversified collections for residential and commercial use.
- Presence in both laminate manufacturing and plywood trading broadens product offerings.
- Operates in a steadily growing decorative laminates and plywood market.
- Backed by experienced promoters with industry presence and established networks.
- IPO proceeds allocated toward capacity expansion, solar installation, debt reduction, and working capital support.
Risks
- Business is exposed to frequent changes in customer preferences and design trends.
- Potential conflicts of interest due to promoters and group entities operating in similar businesses.
- The history of related party transactions may create governance and dependency concerns.
- Exposure to tax proceedings and contingent liabilities may impact financial position.
- Industry demand is closely linked to real estate and construction cycles, making revenues cyclical.