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Subscription Status · Feb 20 – Feb 24, 2026 · ₹65–69
The Manilam Industries India IPO subscription has recorded healthy investor demand with an overall subscription of 6.33× as of Feb 24, 2026, indicating that investors applied for 6.33 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Feb 24, 2026, 9:24 PM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
1,104,000 | 2,468,000 |
2.24×
|
7 |
|
NII
Non-Institutional Investors
|
828,000 | 10,632,000 |
12.84×
|
898 |
|
bNII
Bids above ₹10L
|
552,000 | 8,108,000 |
14.69×
|
478 |
|
sNII
Bids below ₹10L
|
276,000 | 2,524,000 |
9.14×
|
420 |
|
Individual
Individual Investors
|
1,928,000 | 11,336,000 |
5.88×
|
2,834 |
|
Total
|
3,860,000 | 24,436,000 |
6.33×
|
4,637 |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,104,000 | - | - | - |
| NII | 828,000 | 286,000 | 0.35× | 19 |
| bNII | 552,000 | 272,000 | 0.49× | 17 |
| sNII | 276,000 | 14,000 | 0.05× | 2 |
| Individual Investors | 1,928,000 | 560,000 | 0.29× | 140 |
| Total | 3,860,000 | 846,000 | 0.22× | 178 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,104,000 | 134,000 | 0.12× | 3 |
| NII | 828,000 | 3,082,000 | 3.72× | 262 |
| bNII | 552,000 | 2,336,000 | 4.23× | 138 |
| sNII | 276,000 | 746,000 | 2.70× | 124 |
| Individual Investors | 1,928,000 | 3,876,000 | 2.01× | 969 |
| Total | 3,860,000 | 7,092,000 | 1.84× | 1,496 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,104,000 | 2,468,000 | 2.24× | 7 |
| NII | 828,000 | 10,632,000 | 12.84× | 898 |
| bNII | 552,000 | 8,108,000 | 14.69× | 478 |
| sNII | 276,000 | 2,524,000 | 9.14× | 420 |
| Individual Investors | 1,928,000 | 11,336,000 | 5.88× | 2,834 |
| Total | 3,860,000 | 24,436,000 | 6.33× | 4,637 |
As of February 24, 2026, the Manilam Industries India IPO has been subscribed 6.33 times overall. The IPO is fully subscribed. A total of 4,637 applications received across all categories.
The Manilam Industries India IPO subscription window was open from February 20, 2026 to February 24, 2026. Investors could apply through their demat account or ASBA facility.
The Manilam Industries India IPO has a price band of ₹65 to ₹69 per share, with a lot size of 2,000 shares. Minimum retail investment: ₹130,000 (lower band) or ₹138,000 (upper band).
The QIB category has been subscribed 2.24 times. QIBs were offered 1,104,000 shares.
Overall NII: 12.84×. bNII (>₹10L): 14.69×, sNII (<₹10L): 9.14×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on February 25, 2026. Check via the registrar's website, MAS Services Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Manilam Industries India IPO is expected to list on February 27, 2026. Shares will list on NSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 6.33× means investors have bid for 6.33 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of data pending, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for Manilam Industries India IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Feb 20 to Feb 24, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Manilam Industries India IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Feb 20, 2026Subscription Closes Done
Feb 24, 2026Basis of Allotment Done
Feb 25, 2026Listing on NSE Done
Feb 27, 2026Better odds than heavily subscribed IPOs.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
