The Manilam Industries share price made a weak entry on the stock market today, listing at a sharp discount on the NSE SME platform.
Investors who were tracking the IPO closely saw the stock open at ₹55.20 per share against an issue price of ₹69. That’s a straight 20% discount on listing day.
The debut sets the tone for how the market is receiving smaller SME public issues in the current environment.
Let’s break it down clearly.
Market Performance: Manilam Industries Share Price Debut
The spotlight today was on Manilam Industries share price as it entered the secondary market.
Here’s what happened:
- Issue Price: ₹69 per share
- Listing Price: ₹55.20 per share
- Discount on Listing: 20%
- Platform: NSE SME
The stock opened below investor expectations. A 20% discount means listing pressure was visible from the start.
In the broader stock market today, SME listings have been witnessing mixed reactions. While some stocks hold strong, others face listing-day pressure.
Today, Manilam Industries fell in the latter category.
IPO Subscription Details
Despite the weak listing, the IPO itself saw demand during the bidding period.
- IPO Opened: February 20
- IPO Closed: February 24
- Price Band: ₹65 to ₹69 per share
- Lot Size: 2,000 shares and multiples
- Subscription: 6.25 times on the last day
A 6.25x subscription indicates participation across investor categories. However, listing performance is driven by secondary market demand — and that is where the pressure showed up in Manilam Industries share price today.
Company Details: What Manilam Industries Does?
Founded in 2015, Manilam Industries India Limited operates in the decorative surface material segment.
The company is engaged in:
- Manufacturing decorative laminates
- Trading plywood in various grades and sizes
Its focus lies in servicing industrial and commercial demand.
Product Collections
Over the years, the company launched multiple laminate collections, including:
- Artistica Collection
- Vogue Collection
- Dwar Collection
- Magnificent Collection
- Chromatic Tales
- Flute
- ECP
- Wood & Veneer
- Wall Cladding
These products are used in both residential and commercial interiors. The company targets distributors and wholesale buyers rather than retail customers.
Manufacturing Facility & Operations
The manufacturing unit is located at:
Village Manda, Bhojipura Nainital Road, Bareilly, Uttar Pradesh
Key operational detail:
- Total land area: 20,650 square meters
- Business model: B2B (Business-to-Business)
Distributors of all sizes place bulk orders directly from the manufacturing facility. The company operates entirely on a B2B structure, focusing on supply scale and distribution networks.
This operational model supports volume-based sales rather than high-margin retail selling.
Manilam Industries IPO Size and Fund Allocation
The company aimed to raise ₹40 crore through the IPO.
Total Offer
- Total Shares Offered: 57.9 lakh shares
- Fresh Issue: 46.98 lakh shares
- Offer for Sale: 10.92 lakh shares
Planned Utilisation of Funds
The company has outlined the following allocation:
- ₹1.25 crore – Purchase of equipment & machinery
- ₹2.20 crore – Installation of solar panels at manufacturing unit
- ₹3.50 crore – Loan repayment
- ₹16.65 crore – Working capital
- Remaining amount – General corporate purposes
Working capital makes up a significant portion of the fund use, indicating operational scaling focus.
Key Intermediaries
- Lead Manager: NEXGEN Financial Solutions Pvt. Ltd.
- Registrar: MAS Services Ltd.
- Market Maker: Nikunj Stock Brokers Ltd.
These entities managed the book-running process and listing execution on NSE SME.
What Today’s Listing Indicates?
The Manilam Industries share price listing at ₹55.20 signals early selling pressure. A 20% discount on debut is significant in SME listings, where expectations often lean toward listing gains.
Even though the IPO was subscribed 6.25 times, secondary market demand did not match primary market interest at the issue price.
In the stock market today, investors closely watch SME listings for volatility and liquidity movement. This listing adds to that narrative.
Summary: Manilam Industries Share Price & Stock Market Today
Here is the complete snapshot:
- Manilam Industries share price listed at ₹55.20
- Issue price was ₹69
- 20% discount on NSE SME
- IPO subscribed 6.25 times
- Total issue size ₹40 crore
- Major allocation toward working capital
- Manufacturing facility spread over 20,650 sq. meters in Bareilly
- Pure B2B decorative laminate and plywood manufacturer
The debut has been weak, but it reflects current listing-day sentiment in the SME segment of the stock market today.
Investors will now watch how Manilam Industries share price behaves in upcoming sessions as liquidity and participation build on the exchange.
Source: Livemint
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