Manilam Industries Ipo
Manilam Industries IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
NEXGEN Financial Solutions Pvt. Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,76,000 |
| Retail Maximum | 2 | 4,000 | ₹2,76,000 |
| S-HNI Minimum | 3 | 6,000 | ₹4,14,000 |
| S-HNI Maximum | 7 | 14,000 | ₹9,66,000 |
| B-HNI Minimum | 8 | 16,000 | ₹11,04,000 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | 16,38,000 Shares | 28.29% |
| QIB (Ex. Anchor) | 11,04,000 Shares | 19.07% |
| NII Shares Offered | 8,28,000 Shares | 14.30% |
| Retail Shares Offered | 19,28,000 Shares | 33.30% |
| Anchor Bidding Date | February 19, 2026 |
| Anchor Investors List | |
| Shares Offered | 16,38,000 Shares |
| Anchor Size | 11.30 Cr. |
| lock-in period end date 50% shares (30 Days) | March 27, 2026 |
| lock-in period end date 50% shares (90 Days) | May 26, 2026 |
| IPO Open Date: | February 20, 2026 |
| IPO Close Date: | February 24, 2026 |
| Basis of Allotment: | February 25, 2026 |
| Refunds: | February 26, 2026 |
| Credit to Demat Account: | February 26, 2026 |
| IPO Listing Date: | February 27, 2026 |
| IPO Bidding Cut-off Time: | February 24, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,71,50,000 | 78.79% |
| Promoter Holding Post Issue | 2,18,48,000 | 61.85% |
| Purpose | Crores |
| 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 |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹148.82 | ₹146.64 | ₹1.53 | ₹133.55 |
| 2024 | ₹138.04 | ₹133.61 | ₹3.10 | ₹149.56 |
| 2025 | ₹142.16 | ₹131.71 | ₹7.38 | ₹158.98 |
| Sep 2025 | ₹60.53 | ₹56.13 | ₹3.16 | ₹159.99 |
| KPI | Values |
| ROE: | 24.46% |
| ROCE: | 34.58% |
| EBITDA Margin: | 12.59% |
| PAT Margin: | 5.27% |
| Debt to equity ratio: | 1.84 |
| Earning Per Share (EPS): | ₹4.64 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 24.80% |
| Net Asset Value (NAV): | ₹147.27 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Archidply Industries Ltd | 1.62 | 52.41 | 3.05% | 52.71 | – Cr. |
| Rushil Decor Limited | (0.31) | Nil | (1.40%) | 53.72 | – Cr. |
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| IPO Open Date | February 20, 2026 |
| IPO Close Date | February 24, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹65 to ₹69 Per Share |
| Issue Size | Approx ₹40 Crores |
| Fresh Issue | Approx ₹32.42 Crores |
| Offer for Sale: | Approx 10,92,000 Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |