Manilam Industries IPO Closes with Nearly Sixfold Subscription; Allotment and Listing Dates Set

Manilam Industries India's IPO, aimed at raising Rs 40 crore through 57.9 lakh shares, closed with a subscription of approximately 5.9 times by February 24. The company plans to finalize share allotment by February 25, with trading expected to begin on the NSE Emerge platform on February 27. Proceeds will support equipment purchase, debt repayment, working capital, and general corporate purposes. Investors can check allotment status via the registrar's portal, with refunds scheduled for February 26 for unsuccessful applicants.