Comparison between Manilam Industries IPO and Rajnandini Fashion India IPO.
Manilam Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajnandini Fashion India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Manilam Industries IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | NEXGEN Financial Solutions Pvt.Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | MAS Services Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Manilam Industries IPO is up to ₹37.94 Cr whereas the issue size of the Rajnandini Fashion India IPO is up to ₹17.29 Cr. The final issue price of Manilam Industries IPO is ₹69.00 per share and of Rajnandini Fashion India IPO is ₹63.00 per share.
| Manilam Industries IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹65.00 per share | ₹59.00 per share |
| Issue Price (Upper) | ₹69.00 per share | ₹63.00 per share |
| Issue Price (Final) | ₹69.00 per share | ₹63.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 44,06,000 shares | 27,44,000 shares |
| Fresh Issue Size (Amount) | up to ₹30.40 Cr | up to ₹17.29 Cr |
| OFS Issue Size | 10,92,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.53 Cr | up to ₹0.00 Cr |
| Issue Size Total | 54,98,000 shares | 27,44,000 shares |
| Issue Size Total (Amount) | up to ₹37.94 Cr | up to ₹17.29 Cr |
Manilam Industries IPO opens on Feb 20, 2026, while Rajnandini Fashion India IPO opens on May 26, 2026. The closing date of Manilam Industries IPO and Rajnandini Fashion India IPO is Feb 24, 2026, and May 29, 2026, respectively.
| Manilam Industries IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Anchor Bid Date | Feb 19, 2026 | May 25, 2026 |
| Issue Open | Feb 20, 2026 | May 26, 2026 |
| Issue Close | Feb 24, 2026 | May 29, 2026 |
| Basis Of Allotment (Tentative) | Feb 25, 2026 | Jun 01, 2026 |
| Initiation of Refunds (Tentative) | Feb 26, 2026 | Jun 02, 2026 |
| Credit of Share (Tentative) | Feb 26, 2026 | Jun 02, 2026 |
| Listing date (Tentative) | Feb 27, 2026 | Jun 03, 2026 |
| Anchor Lockin End date 1 | Mar 27, 2026 | Jun 30, 2026 |
| Anchor Lockin End date 2 | May 26, 2026 | Aug 29, 2026 |
Manilam Industries IPO P/E ratio is 16.04, as compared to Rajnandini Fashion India IPO P/E ratio of 9.31.
| Manilam Industries IPO | Rajnandini Fashion India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.79 | 97.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 61.85 | 70.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.04 | 9.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹150.75 Cr. | ₹65.33 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.80 | 74.74 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 36.68 | 40.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.30 | ₹6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 24.80 | 54.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Manilam Industries IPO Retail Individual Investors (RII) are offered 19,28,000 shares while in Rajnandini Fashion India IPO retail investors are offered 19,28,000 shares. Qualified Institutional Buyers (QIB) are offered 11,04,000 shares in Manilam Industries IPO and 5,48,000 shares in Rajnandini Fashion India IPO.
| Manilam Industries IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| Anchor Investor Reservation | 16,38,000 shares | 8,18,000 shares |
| Market Maker Reservation | 2,92,000 shares | 1,46,000 shares |
| QIB | 11,04,000 shares | 5,48,000 shares |
| NII | 8,28,000 shares | 4,14,000 shares |
| RII | 19,28,000 shares | 9,64,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 54,98,000 shares | 27,44,000 shares |
Manilam Industries IPO subscribed 4.39x in total, whereas Rajnandini Fashion India IPO subscribed 143.01x.
| Manilam Industries IPO | Rajnandini Fashion India IPO | |
|---|---|---|
| QIB (times) | 2.24x | 122.04x |
| NII (times) | 12.49x | 393.63x |
| Big NII (times) | 14.16x | 490.63x |
| Small NII (times) | 9.14x | 199.64x |
| RII (times) | 5.88x | 168.63x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.39x | 143.01x |
