Manilam Industries IPO has seen varied interest across investor categories, with the issue currently subscribed 1.84 times overall. While retail and non-institutional investors have shown strong participation, institutional buying remains muted in this update.

Subscription Status

The latest data indicates a clear divergence in investor appetite. Non-Institutional Buyers (bHNI) have booked the highest multiple, while the Qualified Institutional Buyer (QIB) segment remains undersubscribed.

About the Company

Manilam Industries is the issuer behind this initial public offering. The company operates within the industrial sector, seeking to raise capital through this public issue. Specific operational details and financial highlights are to be reviewed in the full DRHP documentation.

Offer Details

The IPO aims to raise funds for corporate purposes as outlined in the prospectus. Investors are advised to check the official BSE and NSE portals for the latest allotment status and key dates regarding the listing process.

Bottom Line

With a total subscription of 1.84x, the Manilam Industries IPO shows strong retail and HNI interest but weak institutional backing so far. Investors should monitor further updates on the final subscription numbers before the issue closes.

Manilam Industries India Limited has accepted the resignations of two directors from its board, effective July 2026. Anubhav Kumar Nemani and Sreyas Agrawal stepped down from their positions as Non-Executive, Non-Independent Directors and from all committees of the board. The resignations were disclosed to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Anubhav Kumar Nemani tendered his resignation with immediate effect from July 8, 2026. He cited travelling constraints to attend board and committee meetings, and a consequent inability to devote specialised attention to the company's affairs as the reasons for his departure. The company accepted his resignation on the same day.

Mr. Sreyas Agrawal submitted his resignation on July 8, 2026, effective from the close of business hours on July 15, 2026. His decision to step down stems from a desire to devote specialised attention to new strategic professional priorities and plans to move outside of Kolkata. The company acknowledged his resignation on July 8, 2026.

Resignation Details

Both directors confirmed there were no other material reasons for their resignations beyond those stated. They requested the board to arrange for the filing of necessary e-forms and statutory filings with the Registrar of Companies and the stock exchange as required under the Companies Act, 2013, and SEBI LODR Regulations, 2015.