Manilam Industries Shares List At ₹55.20 On NSE SME; Down 20.36% From Issue Price

Mumbai, February 27, 2026: Manilam Industries India Limited made its debut on the NSE SME platform at ₹55.20 per share on February 27, 2026, compared with its issue price of ₹69. As of 10:48 AM IST, the stock was trading at ₹54.95, down 20.36% from the issue price, according to exchange data.

The listing reflects a discount to the issue price, with the stock continuing to trade below the offer level during early market hours.

IPO Structure And Issue Details

The public issue aggregated to approximately ₹40 crore and comprised a fresh issue of 44,06,000 shares aggregating to ₹30 crore and an offer for sale of 10,92,000 shares aggregating to ₹8 crore. The total issue size stood at 57,90,000 shares, including shares reserved for the market maker.

The price band was fixed at ₹65 to ₹69 per share, with the issue priced at ₹69 per share. The lot size for application was 2,000 shares.

Post issue, the total outstanding shares increased to 2,18,48,000 shares from 1,71,50,000 shares prior to the offering.

Share Price Snapshot At 10:48 AM IST

As per exchange data at 10:48 AM IST, Manilam Industries share price stood at ₹54.95, translating into a decline of ₹14.05 per share compared to the issue price.

The stock opened at ₹55.20 on the NSE SME platform against its issue price of ₹69. During the session so far, it touched a high of ₹55.20 and a low of ₹52.45 so far.

At 10:48 AM IST, the stock was quoted at ₹54.95. The previous close stood at ₹69.00, equivalent to the issue price, as this marks the first day of trading.

Issue Management And Listing Details

NEXGEN Financial Solutions Pvt. Ltd. acted as the book-running lead manager to the issue, while MAS Services Ltd. served as the registrar. Nikunj Stock Brokers Ltd. was appointed as the market maker.

Source:

https://www.nseindia.com/get-quote/equity/MANILAM/Manilam-Industries-India-Limited