Manilam Industries IPO GMP today is Rs -13.8. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
MANILAMINDUSTRIES
Manilam Industries IPO GMP, Subscription & Allotment Status Today
Manilam Industries is a SME IPO with a price band of Rs 65.00 to Rs 69.00 that listed on 27 Feb 2026 at a listing gain of -20.00%. Track its full GMP history, subscription data and listing details here.
- Price Band
- ₹65.00 - ₹69.00
- Lot Size
- 2,000 Shares
- Bidding Closes
- 24 Feb 2026
- Listing Date
- 27 Feb 2026
Current GMP Status
₹-13.8
-20% vs upper band
Est. Listing Gain
-20.00%
Last Trend
TBA
Listing Price
₹55.20
Retail Entry
₹2,76,000
IPO Details
Complete IPO information
| Current GMP | ₹-13.8 |
|---|---|
| Estimated Listing Gain | -20.00% |
| Price Band | ₹65.00 - ₹69.00 |
| Issue Price | Approx ₹69.00 Crores |
| Listing Price | ₹55.20 |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | TBA |
| Listing Date | 27 Feb 2026 |
| Minimum Investment | ₹2,76,000 |
Head-to-head
Compare Manilam Industries IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Manilam Industries is priced at ₹69 per share. With a minimum lot size of 2,000 shares, a retail investor applying for one lot would need approximately ₹2,76,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Manilam Industries stands at ₹-13.8, implying an estimated listing gain of around -20.00% over the issue price if it holds until listing. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
20 Feb 2026
✓
Bidding Closes
24 Feb 2026
✓
Allotment
TBA
✓
Listing
27 Feb 2026
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,76,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,76,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹4,14,000 |
| S-HNI Maximum | 7 Lot | 14,000 | ₹9,66,000 |
| B-HNI Minimum | 8 Lot | 16,000 | ₹11,04,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Analysis
Manilam Industries IPO – Key Details
| 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 (OFS) | Approx 10,92,000 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
Analysis
Manilam Industries IPO – Market Lot Details
| Retail Minimum Lot | 4,000 Shares – ₹2,76,000 |
| Retail Maximum Lot | 4,000 Shares – ₹2,76,000 |
| S-HNI Minimum | 6,000 Shares – ₹4,14,000 |
| S-HNI Maximum | 14,000 Shares – ₹9,66,000 |
| B-HNI Minimum | 16,000 Shares – ₹11,04,000 |
Analysis
Manilam Industries IPO – Reservation Details
| Anchor Investor | 16,38,000 Shares (28.29%) |
| QIB (Ex. Anchor) | 11,04,000 Shares (19.07%) |
| NII | 8,28,000 Shares (14.30%) |
| Retail | 19,28,000 Shares (33.30%) |
Analysis
Manilam Industries IPO – Anchor Investors
| Anchor Bidding Date | February 19, 2026 |
| Shares Offered to Anchors | 16,38,000 Shares |
| Anchor Size | – |
| Lock-in Period (50% – 30 Days) | March 2026 |
| Lock-in Period (50% – 90 Days) | May 2026 |
Analysis
Manilam Industries IPO – Important Dates
| IPO Open Date | February 20, 2026 |
| IPO Close Date | February 24, 2026 |
| Basis of Allotment | February 25, 2026 |
| Refunds Initiation | 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 |
Analysis
Manilam Industries IPO – Promoters & Holding Pattern
| Promoters | Manilam Retail India Pvt. Ltd., Mr. Umesh Kumar Nemani, Mr. Manoj Kumar Agrawal, Mr. Aman Kumar Nemani |
| Promoter Holding (Pre Issue) | 1,71,50,000 Shares (78.79%) |
| Promoter Holding (Post Issue) | 2,18,48,000 Shares (61.85%) |
Analysis
Manilam Industries IPO – Objects of the Issue & Utilisation of Proceeds
| Capital Expenditure – Purchase of equipment/machinery & Solar Panels | ₹1.25 Cr |
| Repayment of Loans (Full / Part) | ₹2.20 Cr |
| Working Capital Requirements | ₹3.50 Cr |
| General Corporate Purpose | ₹16.65 Cr |
Analysis
Manilam Industries IPO – Company Financial Report
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 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 |
Analysis
Manilam Industries IPO – Valuation (FY2025)
| Return on Equity (ROE) | 24.46% |
| Return on Capital Employed (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 / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 24.80% |
| Net Asset Value (NAV) | ₹147.27 |
Analysis
Manilam Industries IPO – Peer Group Comparison
| Company | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | Income |
|---|---|---|---|---|---|
| Archidply Industries Ltd | 1.62 | 52.41 | 3.05% | 52.71 | – |
| Rushil Decor Limited | (0.31) | Nil | (1.40%) | 53.72 | – |
Analysis
IPO Lead Managers aka Merchant Bankers
- NEXGEN Financial Solutions Pvt. Ltd.
FAQ
Manilam Industries IPO FAQs
Manilam Industries IPO price band is Rs 65.00 to Rs 69.00. Check the latest issue price, lot size and GMP together before applying.
Manilam Industries IPO open date is 20 Feb 2026, close date is 24 Feb 2026, and listing date is 27 Feb 2026.
Manilam Industries IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,76,000.
Manilam Industries is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Manilam Industries IPO subscription status currently shows Subscription data is currently awaited.
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