NSE List Price : ₹55.20

subscription

Category	Times
QIBs	2.24x
HNIs	12.84x
Retail	5.88x
Total : 6.33x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	4,000	₹276,000
Retail Maximum	2	4,000	₹276,000
S-HNI Minimum	3	6,000	₹414,000
S-HNI Maximum	7	14,000	₹966,000
B-HNI Minimum	8	16,000	₹1,104,000

About the Company

Established in 2015, Manilam Industries India Limited operates in the production and sale of decorative laminates, along with the trading of plywood products.

The Company has launched several laminate ranges including Artistica, Vogue, Dwar, and Magnificent, and subsequently broadened its portfolio with collections such as Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding. These products are created to cater to both residential and commercial applications, offering a wide variety of designs, textures, and finish options.

In addition to laminates, the Company is involved in the trading of plywood in different grades and dimensions, mainly serving industrial and commercial clients.

Its manufacturing unit is located at Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh, covering an area of around 20,650 square meters. The Company follows a B2B business model, where distributors place orders directly with the manufacturing facility.

To enhance its market reach and improve customer engagement, the Company has established Experience Centres in major cities such as Bangalore, Delhi, and Chennai. In Bangalore and Chennai, these centres also operate as Service Depots, combining product display, stock storage, dispatch management, and customer assistance at a single location. This approach allows customers to explore product options, obtain design support, and complete their orders conveniently and efficiently.

Company Financial Report

_{Amount ₹ in Crores}

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

Company Promoter

Manilam Retail India Private Limited

Mr. Umesh Kumar Nemani

Mr. Manoj Kumar Agrawal

Mr. Aman Kumar Nemani

Know before investing

• • Strengths

  Robust Manufacturing Practices: The Company complies with BIS standards for both plywood and laminates, maintaining uniform product quality. The use of advanced OCTA technology and uninterrupted operations of 16-daylight and 18-daylight presses improve accuracy, increase durability, and reduce the chances of warping or distortion.

  Wide-Ranging Product Portfolio: The Company offers more than 1,000 laminate designs along with various plywood options, serving residential, commercial, and industrial sectors. Its range includes traditional wood finishes as well as contemporary design choices to suit diverse customer preferences.

• • Risks

  Risk from Evolving Design and Customer Preferences: Continuous changes in design trends, patterns, and customer preferences—particularly in textured laminates—can influence product demand. Inability to keep pace with these changing trends may negatively impact sales and overall business performance.

  Possible Conflict of Interest: The Promoters, Directors, Subsidiary, and some Group Companies may be involved in similar lines of business, especially in laminates and plywood. This could result in potential conflicts while making strategic or operational decisions.

Objects of the Issue & Utilisation of proceeds

Capital Expenditure – Purchase of equipment/machinery of the Company. B. Capital Expenditure – Purchase and installation of Solar Panel Panels at the manufacturing plant..
Repayment in full or in part, of certain loans availed by the Company.
Working Capital Requirements of the Company.
General Corporate Purpose.

Company  Address

Manilam Industries India Ltd.
46
B. B. Ganguly Street
5th Floor, Room No. 9
Kolkata, West Bengal, 700012
Phone: 03335076903
Email: info@manilam.com
Website: https://www.manilam.com/

IPO Registrar

MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp

IPO Review

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