Longthrive Capital purchased 10,94,000 shares of Manilam Industries for ₹5.89 Cr at ₹53.80 apiece, crossing the 5% disclosure threshold with a 5.01% stake.
A manufacturer of decorative laminates and plywood products, Manilam Industries serves the Indian construction and furniture industries with engineered wood solutions. The company produces decorative laminates and plywood used in residential and commercial applications, offering a range of surface finishing and structural wood products to builders, contractors, and interior designers across the country.
Longthrive Capital is a foreign portfolio investor that acts as an anchor investor in Indian SME IPOs through its Longthrive Capital VCC vehicle, which manages the Trendview Capital Fund.