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₹69 - 69
Manilam Industries India Ltd
Plywood Boards/LaminatesIPOSME
₹69 - 69
The Company, Manilam Industries India Limited, is engaged in the manufacturing and sale of decorative laminates, with a product range that includes laminates in various thicknesses ranging from 0.7 mm to 1 mm. Its collections, including the Artistica Collection, the Vogue Collection, the Dwar Collection and the Magnificent Collection. These collections cater to both residential and commercial applications, offering a range of designs and finishes. In addition to laminates, the Company is involved in the trading of plywood, available in different grades and sizes, primarily serving industrial and commercial sectors.
Lot2,000Min Invest₹2,76,000Face Value₹10Issue Size₹40 CrFresh Issue₹32 CrOffer for Sale₹8 CrListing Price₹55CMP₹42
Timeline
20 Feb
Bidding opens
24 Feb
Bidding closes
25 Feb
Allotment
26 Feb
Refund & demat credit
27 Feb
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹40 Cr0.58 Cr shares
Fresh Issue₹32 Cr
Offer for Sale₹8 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.87% · NII 15.06% · RETAIL 35.07%
Application Sizes
Retail₹2,76,0001-1 lots
sNII₹2,76,000from 2 lots
bNII₹11,04,000from 8 lots
Managers & Registrar
Lead ManagerNexgen Financial Solution Private Limited
RegistrarMas Services Limited
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrSanjay Kumar AgarwalOTH4,26,0002.94Yogesh Kumar AgarwalOTH2,22,0001.53Hitesh Kumar AgarwalOTH2,22,0001.53Rajesh Kumar AgarwalOTH2,22,0001.53Total10,92,0007.53
Shareholding
CategoryPre IPOPost IPOPromoter Group78.77%61.84%Public21.23%38.16%
Objects of the Issue
- Capital Expenditure - Purchase of equipment/machineries
- Capital Expenditure - Purchase and installation of Solar Panel at our Manufacturing Plant
- Repayment in full or in part, of certain loans availed by the Company
- Working Capital Requirements of its Company
- Offer for Sale (OFS)
- General Corporate Purpose
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 115 | 148 | 138 | 140 | 104 |
| Operating ProfitCr | 7 | 9 | 14 | 18 | 12 |
| OPM% | 6.3 | 6.2 | 10.3 | 12.7 | 11.3 |
| PBTCr | 1 | 2 | 5 | 9 | 3 |
| PATCr | 1 | 2 | 3 | 6 | 2 |
| EPS | 3 | 7 | 14 | 4 | 1 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 | 2 | 22 |
| ReservesCr | 20 | 21 | 24 | 32 | 49 |
| BorrowingsCr | 48 | 61 | 73 | 62 | 51 |
| Total AssetsCr | 122 | 133 | 150 | 159 | 171 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -5 | -3 | -4 | 18 | -6 |
| Investing Cash FlowCr | -4 | -5 | -1 | 1 | -1 |
| Financing Cash FlowCr | 9 | 8 | 6 | -18 | 17 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 10 |
Strengths & Risks
Strengths · as stated in the DRHP
- Technology Driven Business Model.
- Cordial relations with our customers.
- Quality Deliverables.
Strategies · as stated in the DRHP
- Strategic Branding & Digital Presence.
- Participation in National Exhibitions.
- Product Accessibility & Service Delivery.
- Product Diversification & Innovation.
- Export Growth Strategy.
Risks · as stated in the DRHP
- The company's products are subject to frequent changes in designs, patterns, and customer preferences, and failing to meet these evolving demands could affect its business.
- Potential conflicts of interest may arise due to the involvement of the company's Promoters, Directors, Subsidiary, and certain Group Companies in businesses similar to that of the Company.
- The company has entered into related party transactions in the past and may continue to do so in the future.
- The company has certain contingent liabilities which, if materialized, may adversely affect its financial condition.
- The company's manufacturing factory are concentrated in a single region. Any inability to operate and grow its business in this particular region may have an adverse effect on the company's business, financial condition, results of operations, cash flows, and future business prospects.
- Regulatory proceedings involving one of the company's Promoters may affect its reputation and present future risks to the Company's business and market perception.