Manilam Industries India Ltd IPO
Status: Closed
Overview
IPO date
20 Feb 2026 to 24 Feb 2026
Face value
₹ 10 per share
Price
₹ 65 to ₹69 per share
Issue Size
5,790,000 shares
(aggregating up to ₹ 39.95 Cr)
(aggregating up to ₹ 39.95 Cr)
Allotment Date
25 Feb 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Plywood Boards/Laminates
Objectives of Manilam Industries India Ltd IPO
Manilam Industries India Ltd IPO Strategy
About Manilam Industries India Ltd
Unlock Stock of the Month
T&C*
Strengths vs Risks of Manilam Industries India Ltd
Know the pros & cons
Strengths
Technology Driven Business Model.- Cordial relations with our customers.
- Quality Deliverables.
Risks
- 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.
- The property used by the company as its registered office, factory, godowns, and experience centers
is not owned by the company. Any termination of the relevant lease or rent agreements could adversely
affect its operations and disrupt the continuity of the company's business activities.
- The company procures the company's raw materials from various local suppliers across India, and any disruption in these
supply regions could materially and adversely affect its business operations, financial condition, and
results of operations.
- The company's business is working capital intensive, and fluctuations or inadequate financing of its working
capital requirements may adversely affect the company's business, financial condition, and results of operations.
- The Company, Promoters, Directors, KMPs, SMPs, and Group Entities are parties to certain legal
proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's
business, results of operations and financial condition.
- The Company is yet to place orders for all the plant & machineries for its proposed object, as
specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries
may delay the company's implementation schedule and may also lead to increase in price of these plant &
machineries, further affecting its revenue and profitability.
- The Company may incur penalties or liabilities for non-compliances with certain provisions of the
GST Act, Income Tax Act, and other applicable laws.
- The company derives a significant portion of the company's revenue from a single product, namely laminates. Therefore,
any factors that negatively impact the demand for laminates or affect the company's position and reputation in
the market could adversely affect its business and financial performance.
- The company derives a significant portion of the company's revenue from operations from its top ten customers. Loss of
any of these customers or a reduction in purchases by any of them could adversely affect the company's business,
results of operations, cash flows and financial condition.
- Any inability on the company's part to maintain quality standards could adversely impact the company's business, results
of operations and financial conditions. Quality control is a vital element for its sector.
- The Company has a substantial level of indebtedness, which may limit its operational flexibility and
impact the company's ability to meet financial obligations.
- The company has experienced a relatively high rate of employee attrition in the past, which may adversely
affect its business operations, productivity, and future growth.
- Change in technology, evolving customer requirements and emerging industry trends may affect the company's
business, may render its current technologies obsolete and may require the company to make substantial
capital investments.
- The Company has not placed orders for the equipment required for the proposed modernisation. Any
delay in placing the orders/or supply of plant and machinery may affect its profitability.
- The company intends to use a portion of the Net Proceeds to prepay / repay in full or in part, of certain borrowings
availed by the Company.
- The company relies on a trademark licence agreement with its Corporate Promoter, Manilam Retail India
Private Limited, to use the Manilam logo. Any termination of the company's rights to use the Manilam logo or
any reputational harm to the Manilam Retail India Private Limited brand could materially and
adversely affect its brand recognition, business, financial condition and results of operations.
- The company is highly dependent on our top 5 and top 10 suppliers for the uninterrupted supply of raw
materials. Any disruption in the supply of raw materials from these suppliers could negatively impact
its operations.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall
be subject to certain compliance requirements, including prior approval of the shareholders of the
Company.
- Loans availed by the Company have been secured on personal guarantees of its Individual
Promoter, Corporate Promoter, Members of the Promoter Group, and the company's Subsidiary. The company's business,
financial condition, results of operations, cash flows and prospects may be adversely affected in case
of invocation of any personal guarantees provided by its Promoters and Directors.
- The company's present promoters of the Company are first generation entrepreneurs.
- Absence of an in-house research and development (R&D) team may limit its ability to innovate,
adapt to industry changes, and maintain competitiveness.
- Information relating to the installed manufacturing facility, actual production and capacity
utilization of the company's manufacturing units included in this Red Herring Prospectus is based on various
assumptions and estimates, and future production and capacity may vary.
- Lack of Formal Higher Education of the company's Promoter Umesh Kumar Nemani and the company's Non-
Executive Director Sanjay Kumar Agarwal.
- The company may not be successful in implementing its business and growth strategies.
- The Company have made delays in compliance with certain statutory provisions of the Companies
Act, 2013. Such non- compliances/delayed filings may attract penalties and prosecution against the
Company and its directors which could impact the financial position of the Company to that extent.
- Due to the dependence of the Company on IT-based systems for its business operations there is a risk
of cybersecurity related incidences resulting in loss of confidential data.
- The company's failures to keep the company'stechnical knowledge confidential could erode its competitive advantage.
- The company has experienced negative cash flows in the past. Any such negative cash flows in the future could
affect its business, results of operations and prospects.
- Unsecured loans taken by the Company can be recalled by the lenders at any time.
- The company faces intense competition since the Company operates in a competitive industry, and competition
may have a negative impact on the company's business prospects, future performance, and financial condition.
- The company relies significantly on the company's Dealers/Distributors and Agents network in the market for the sale of
its products.
- Some of the Company's Board of Directors does not have experience with listed companies.
- The company's growth and the company's financial results may be affected by factors influencing the demand for the company's
products.
- Fluctuations in raw material prices and availability may adversely affect its business, profitability,
and results of operations.
- The requirements of being a listed company may strain its resources and distract management.
- Any slowdown or shutdown in the company's manufacturing operations or under-utilization at the company's
manufacturing facilities, including due to labour unrest or any inability to obtain adequate electricity
& fuel with respect to such operations, could have an adverse effect on the company's business, results of
operations, financial condition and cash flows.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company's
directors and Key Management Personnel who are interested in the Company to the extent of their
shareholding and dividend entitlement in the Company.
- The company's ability to access capital depends on the company's credit ratings. Non-availability of credit ratings or any
downgrade of its credit rating could restrict our access to capital and adversely affect the company's business,
financial conditions, cash flows and results of operations.
- The company's success depends largely upon the services of its Directors, Promoters, Key Managerial
Personnel and Senior Management Personnel and the company's ability to attract and retain them. Demand for
Key Managerial Personnel and Senior Management Personnel in the industry is intense and the company's
inability to attract and retain Key Managerial Personnel and Senior Management Personnel may
affect the operations of the Company.
- The company's major operations may be adversely affected in the case of industrial accidents or fire hazards,
resulting in financial loss to the Company.
- Certain Agreements, deeds or licenses, statutory approvals and certificates may be in the previous
name of the company, the company has to update the name of the company in all the statutory approvals and
certificates due to the conversion of the Company.
- The company's marketing and advertising initiatives may not achieve the intended results, which could adversely
affect its brand visibility, customer engagement, and business growth.
- If the company fails to maintain an effective system of internal controls, the company may not be able to successfully
manage or accurately report its financial risk.
- The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.
- Dependence on third-party logistics transportation providers may adversely affect its business,
financial condition, and results of operations.
- The company's business operations are subject to extensive environmental, health, and safety regulations, and
any failures to comply with such regulations could adversely affect its business, financial condition
and results of operations.
- Compliance with stringent environmental, health, and safety laws may lead to higher capital
expenditures.
- The company's insurance coverage may not be adequate to protect the company against all potential losses to which the company
may be subject, and this may have a material effect on the company's business and financial condition.
- The company may be unable to seek compensation from its suppliers for defective components or raw
materials.
- The company's ability to pay dividends in the future will depend upon its future earnings, financial condition,
cash flows, working capital requirements, capital expenditure, and restrictive covenants in the company's
financing arrangements.
- The company's business operations relies on the availability of labour, and any shortage or unavailability of labour
could disrupt its operations and adversely impact the company's performance.
- Subsequent to the listing of the Equity Shares, the company may be subject to surveillance measures, such as
Additional Surveillance Measures and Graded Surveillance Measures by the Stock Exchanges in
order to enhance the integrity of the market and safeguard the interest of investors.
- Any changes in international trade policies and increased trade tariffs including possibility of
economic or trade sanctions by the U.S. could adversely affect our business, financial condition and
results of operations.
- The company's future fund requirements, in the form of the issue of capital or securities and/or loans taken by
the company, may be prejudicial to the interests of the shareholders depending upon the terms on which they
are eventually raised.
- Delays or defaults in client payments may adversely impact its liquidity, operations, and financial
performance.
- The company's future operating results are difficult to predict and may fluctuate significantly or deviate
adversely from its past performance.
- The Company has not appointed a monitoring agency to monitor the utilization of issue proceeds in
compliance with SEBI Regulations.
- This Red Herring Prospectus contains information from third parties, including an industry report
prepared by an independent third-party research agency, Dun & Bradstreet Information Services
India Private Limited ("D&B"), which the company has commissioned and paid for purposes of confirming
its understanding of the industry exclusively in connection with the Offer.
- The shortage or non-availability of power facilities may adversely affect its manufacturing processes
and have an adverse impact on the company's results of operations and financial condition.
- One of the company's Group Entity have incurred losses in the financial years ended March 31, 2024, and
March 31, 2023.
- The company's Promoters and members of the Promoter Group will continue jointly to retain majority control
over the Company after the Offer, which will allow them to determine the outcome of matters
submitted to shareholders for approval.
- Any IT system failures or lapses on the part of any of the company's employees may lead to operational
interruption, liabilities, or reputational harm.
- The proceeds from the Offer for Sale will be paid to the Selling Shareholders.
Manilam Industries India Ltd Peer Comparison
Understand the company’s industry standing
Manilam Industries India Ltd
?Archidply Industries Ltd
Face Value
10
10
Standalone / Consolidated
Standalone
Consolidated
Total Income Rs. Cr.
3.2117
3.2182
EPS-Basis
1.88
1.62
EPS-Diluted
---
---
NAV Per Share
---
---
P/E-Basic EPS
---
52.41
P/E-Diluted EPS
---
---
RONW(%)
8.35
3.05
Latest NAV Period
---
---
Latest NAV
---
---
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The IPO opens on 20 Feb 2026 & closes on 24 Feb 2026.
Manilam Industries India Limited was originally formed and registered as a Partnership Firm, in the name and style of 'M/s B P Industries' pursuant to the deed of Partnership dated May 23, 2013. Subsequently, 'M/s B P Industries' was converted from a Partnership Firm to a Private Limited Company and the name of the Company was changed to 'BP Industries (Plyboards) Private Limited' dated November 27, 2015. Thereafter, the name of the Company was changed from 'BP Industries (Plyboards) Private Limited' to 'Manilam Industries India Private Limited.' on November 7, 2023, by the Registrar of Companies, Central Processing Centre. Company was converted from a Private Limited Company to a Public Limited Company. Consequently, the name of the Company was changed to 'Manilam Industries India Limited,' and a fresh Certificate of Incorporation was issued on December 6, 2024 by the Central Processing Centre.
The Company 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. Company has manufactured and launched several laminates product collections, including the Artistica Collection, the Vogue Collection, the Dwar Collection and the Magnificent Collection. Apart from the above and in line with market demand and distributor feedback, additional collections including Chromatic Tales, Flute, ECP, Wood & Veneer, and Wall Cladding have also been introduced.
In addition to laminates, Company is involved in trading of plywood, available in different grades and sizes, primarily serving industrial and commercial sectors. Additionally, Company, along with the Corporate Promoter Manilam Retail India Private Limited, has established Experience Centres and Depots in key locations to enhance customer engagement and facilitate easier access to products.
The Company has filed a Draft Prospectus with SEBI and is planning to issue equity shares aggregating to 57,90,000 of face value of Rs 10 each, comprising a fresh issue of 46,98,000 equity shares and the offer for sale of 10,92,000 equity shares.
Manilam Industries India Ltd IPO will close on 24 Feb 2026.
- Technology Driven Business Model.
- Cordial relations with our customers.
- Quality Deliverables.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Manilam Retail India Private L | 3403330 | 19.84 | 3403330 | 15.58 |
| 2 | Umesh Kumar Nemani | 6608560 | 38.53 | 6608560 | 30.25 |
| 3 | Manoj Kumar Agrawal | 3497900 | 20.4 | 3497900 | 16.01 |
| 4 | Aman Kumar Nemani | --- | --- | --- | --- |
| 5 | Anubhav Kumar Nemani | --- | --- | --- | --- |
| 6 | Sreyas Agrawal | --- | --- | --- | --- |
| 7 | Nilu Agrawal | 700 | --- | 700 | --- |
| 8 | Madhu Nemani | 700 | --- | 700 | --- |
| 9 | Santosh Kumar Agrawal | 700 | --- | 700 | --- |
| 10 | Satya Narayan Agrawal | 700 | --- | 700 | --- |
- 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.
- The property used by the company as its registered office, factory, godowns, and experience centers is not owned by the company. Any termination of the relevant lease or rent agreements could adversely affect its operations and disrupt the continuity of the company's business activities.
- The company procures the company's raw materials from various local suppliers across India, and any disruption in these supply regions could materially and adversely affect its business operations, financial condition, and results of operations.
- The company's business is working capital intensive, and fluctuations or inadequate financing of its working capital requirements may adversely affect the company's business, financial condition, and results of operations.
- The Company, Promoters, Directors, KMPs, SMPs, and Group Entities are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on the company's business, results of operations and financial condition.
- The Company is yet to place orders for all the plant & machineries for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement of plant & machineries may delay the company's implementation schedule and may also lead to increase in price of these plant & machineries, further affecting its revenue and profitability.
- The Company may incur penalties or liabilities for non-compliances with certain provisions of the GST Act, Income Tax Act, and other applicable laws.
- The company derives a significant portion of the company's revenue from a single product, namely laminates. Therefore, any factors that negatively impact the demand for laminates or affect the company's position and reputation in the market could adversely affect its business and financial performance.
- The company derives a significant portion of the company's revenue from operations from its top ten customers. Loss of any of these customers or a reduction in purchases by any of them could adversely affect the company's business, results of operations, cash flows and financial condition.
- Any inability on the company's part to maintain quality standards could adversely impact the company's business, results of operations and financial conditions. Quality control is a vital element for its sector.
- The Company has a substantial level of indebtedness, which may limit its operational flexibility and impact the company's ability to meet financial obligations.
- The company has experienced a relatively high rate of employee attrition in the past, which may adversely affect its business operations, productivity, and future growth.
- Change in technology, evolving customer requirements and emerging industry trends may affect the company's business, may render its current technologies obsolete and may require the company to make substantial capital investments.
- The Company has not placed orders for the equipment required for the proposed modernisation. Any delay in placing the orders/or supply of plant and machinery may affect its profitability.
- The company intends to use a portion of the Net Proceeds to prepay / repay in full or in part, of certain borrowings availed by the Company.
- The company relies on a trademark licence agreement with its Corporate Promoter, Manilam Retail India Private Limited, to use the Manilam logo. Any termination of the company's rights to use the Manilam logo or any reputational harm to the Manilam Retail India Private Limited brand could materially and adversely affect its brand recognition, business, financial condition and results of operations.
- The company is highly dependent on our top 5 and top 10 suppliers for the uninterrupted supply of raw materials. Any disruption in the supply of raw materials from these suppliers could negatively impact its operations.
- Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- Loans availed by the Company have been secured on personal guarantees of its Individual Promoter, Corporate Promoter, Members of the Promoter Group, and the company's Subsidiary. The company's business, financial condition, results of operations, cash flows and prospects may be adversely affected in case of invocation of any personal guarantees provided by its Promoters and Directors.
- The company's present promoters of the Company are first generation entrepreneurs.
- Absence of an in-house research and development (R&D) team may limit its ability to innovate, adapt to industry changes, and maintain competitiveness.
- Information relating to the installed manufacturing facility, actual production and capacity utilization of the company's manufacturing units included in this Red Herring Prospectus is based on various assumptions and estimates, and future production and capacity may vary.
- Lack of Formal Higher Education of the company's Promoter Umesh Kumar Nemani and the company's Non- Executive Director Sanjay Kumar Agarwal.
- The company may not be successful in implementing its business and growth strategies.
- The Company have made delays in compliance with certain statutory provisions of the Companies Act, 2013. Such non- compliances/delayed filings may attract penalties and prosecution against the Company and its directors which could impact the financial position of the Company to that extent.
- Due to the dependence of the Company on IT-based systems for its business operations there is a risk of cybersecurity related incidences resulting in loss of confidential data.
- The company's failures to keep the company'stechnical knowledge confidential could erode its competitive advantage.
- The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.
- Unsecured loans taken by the Company can be recalled by the lenders at any time.
- The company faces intense competition since the Company operates in a competitive industry, and competition may have a negative impact on the company's business prospects, future performance, and financial condition.
- The company relies significantly on the company's Dealers/Distributors and Agents network in the market for the sale of its products.
- Some of the Company's Board of Directors does not have experience with listed companies.
- The company's growth and the company's financial results may be affected by factors influencing the demand for the company's products.
- Fluctuations in raw material prices and availability may adversely affect its business, profitability, and results of operations.
- The requirements of being a listed company may strain its resources and distract management.
- Any slowdown or shutdown in the company's manufacturing operations or under-utilization at the company's manufacturing facilities, including due to labour unrest or any inability to obtain adequate electricity & fuel with respect to such operations, could have an adverse effect on the company's business, results of operations, financial condition and cash flows.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company's directors and Key Management Personnel who are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- The company's ability to access capital depends on the company's credit ratings. Non-availability of credit ratings or any downgrade of its credit rating could restrict our access to capital and adversely affect the company's business, financial conditions, cash flows and results of operations.
- The company's success depends largely upon the services of its Directors, Promoters, Key Managerial Personnel and Senior Management Personnel and the company's ability to attract and retain them. Demand for Key Managerial Personnel and Senior Management Personnel in the industry is intense and the company's inability to attract and retain Key Managerial Personnel and Senior Management Personnel may affect the operations of the Company.
- The company's major operations may be adversely affected in the case of industrial accidents or fire hazards, resulting in financial loss to the Company.
- Certain Agreements, deeds or licenses, statutory approvals and certificates may be in the previous name of the company, the company has to update the name of the company in all the statutory approvals and certificates due to the conversion of the Company.
- The company's marketing and advertising initiatives may not achieve the intended results, which could adversely affect its brand visibility, customer engagement, and business growth.
- If the company fails to maintain an effective system of internal controls, the company may not be able to successfully manage or accurately report its financial risk.
- The company has issued Equity Shares during the last one year at a price that may be below the Issue Price.
- Dependence on third-party logistics transportation providers may adversely affect its business, financial condition, and results of operations.
- The company's business operations are subject to extensive environmental, health, and safety regulations, and any failures to comply with such regulations could adversely affect its business, financial condition and results of operations.
- Compliance with stringent environmental, health, and safety laws may lead to higher capital expenditures.
- The company's insurance coverage may not be adequate to protect the company against all potential losses to which the company may be subject, and this may have a material effect on the company's business and financial condition.
- The company may be unable to seek compensation from its suppliers for defective components or raw materials.
- The company's ability to pay dividends in the future will depend upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure, and restrictive covenants in the company's financing arrangements.
- The company's business operations relies on the availability of labour, and any shortage or unavailability of labour could disrupt its operations and adversely impact the company's performance.
- Subsequent to the listing of the Equity Shares, the company may be subject to surveillance measures, such as Additional Surveillance Measures and Graded Surveillance Measures by the Stock Exchanges in order to enhance the integrity of the market and safeguard the interest of investors.
- Any changes in international trade policies and increased trade tariffs including possibility of economic or trade sanctions by the U.S. could adversely affect our business, financial condition and results of operations.
- The company's future fund requirements, in the form of the issue of capital or securities and/or loans taken by the company, may be prejudicial to the interests of the shareholders depending upon the terms on which they are eventually raised.
- Delays or defaults in client payments may adversely impact its liquidity, operations, and financial performance.
- The company's future operating results are difficult to predict and may fluctuate significantly or deviate adversely from its past performance.
- The Company has not appointed a monitoring agency to monitor the utilization of issue proceeds in compliance with SEBI Regulations.
- This Red Herring Prospectus contains information from third parties, including an industry report prepared by an independent third-party research agency, Dun & Bradstreet Information Services India Private Limited ("D&B"), which the company has commissioned and paid for purposes of confirming its understanding of the industry exclusively in connection with the Offer.
- The shortage or non-availability of power facilities may adversely affect its manufacturing processes and have an adverse impact on the company's results of operations and financial condition.
- One of the company's Group Entity have incurred losses in the financial years ended March 31, 2024, and March 31, 2023.
- The company's Promoters and members of the Promoter Group will continue jointly to retain majority control over the Company after the Offer, which will allow them to determine the outcome of matters submitted to shareholders for approval.
- Any IT system failures or lapses on the part of any of the company's employees may lead to operational interruption, liabilities, or reputational harm.
- The proceeds from the Offer for Sale will be paid to the Selling Shareholders.
The Issue type of Manilam Industries India Ltd is Book Building - SME.
The minimum application for shares of Manilam Industries India Ltd is 4000.
The total shares issue of Manilam Industries India Ltd is 5790000.
Initial public offering of up to 57,90,000 equity shares of
Rs. 10/- each ("equity shares") of Manilam Industries India Limited ("Manilam" or "MIIL" or the "company" or the "Issuer) for cash at a price of Rs. 69 per equity share (the "Issue Price"), aggregating to Rs. 39.95 crores ("the issue") comprising a fresh issue of up to 46,98,000 equity shares aggregating to Rs. 32.42 crores by the company ("Fresh Issue") and an offer for sale of up to 4,26,000 equity shares by Sanjay Kumar Agarwal, up to 2,22,000 equity shares by Yogesh Kumar Agarwal, up to 2,22,000 equity shares by Hitesh Kumar Agarwal and up to 2,22,000 equity shares by Rajesh Kumar Agarwal ("the selling shareholder") aggregating to Rs. 1.53 crores ("offer for sale"). Out of the issue, 2,92,000 equity shares aggregating to Rs. 2.01 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 54,98,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 69/- per equity share aggregating to Rs. 37.94 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 25.5% and 25.16 %, respectively of the post issue paid up equity share capital of the company.
Price Band: Rs. 69 per equity share of face value Rs. 10 /- each.
The floor price is 6.9 times of the face value of the equity shares.
Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.