The Rs 40 crore IPO closed on February 24 and was subscribed 6.25 occasions total. The person investor class was subscribed 5.88 occasions, whereas the NII phase noticed stronger demand at 12.49 occasions. The QIB portion was subscribed 2.24 occasions.
The corporate plans to make use of Rs 1.25 crore in direction of buy of apparatus and equipment, Rs 2.20 crore for set up of photo voltaic panels at its manufacturing plant, Rs 3.50 crore in direction of mortgage compensation, Rs 16.65 crore for working capital and the steadiness in direction of basic company functions.
Included in 2015, Manilam Industries manufactures ornamental laminates and trades in plywood, catering primarily to industrial and industrial clients beneath a B2B mannequin. Its manufacturing facility is positioned in Bareilly, Uttar Pradesh, and it has established expertise centres in Bangalore, Delhi and Chennai to strengthen buyer engagement.
For FY25, the corporate reported complete revenue of Rs 142.16 crore and PAT of Rs 7.38 crore, in contrast with PAT of Rs 3.10 crore in FY24. EBITDA stood at Rs 17.75 crore, with EBITDA margin at 12.67%.
Regardless of reasonable subscription and wholesome NII participation, GMP remaining flat at 0% suggests a cautious itemizing outlook. Market individuals will watch whether or not SME investor demand sustains on debut or whether or not the inventory lists close to the problem value amid impartial secondary market sentiment.
