Published: 17 May 2026 | 6.02
Last Updated: 1 June 2026 | 7.00 AM
Listing- The scrip is listed at Rs. 42.55 on 1 st June 2026, discount of 18.17% below the listing price.
IPO Overview / Intro
M R Maniveni IPO is an SME book build issue of Rs. 27.04 crore. The issue comprises entirely a fresh issue of 52.00 lakh shares. The IPO opens for subscription on 22 May 2026 and closes on 26 May 2026. The company is proposed to be listed on the BSE SME platform on 1 June 2026.
M R Maniveni Foods Ltd. is engaged in the business of processing, packaging and distribution of food products primarily focused on pulses including Urad Dal and Toor Dal. The company operates in the B2B food segment and focuses on quality-controlled food processing, supply chain efficiency and scalable manufacturing operations.
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | SME Book Build IPO |
| Issue Size | Rs. 27.04 Cr |
| Business | Pulses Processing & Food Products |
| Listing Exchange | BSE SME |
| Issue Nature | Fresh Issue Only |
| Price Band | Rs. 51 to Rs. 52 |
| Retail Application | 2 Lots Mandatory |
| Listing Date | 1 June 2026 |
| Lead Manager | Capital Square Advisors Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
M R Maniveni IPO GMP – Latest Update
| Particulars | Details |
|---|---|
| IPO GMP Today | Rs. NA |
| Kostak | NA |
| Subject to Sauda | NA |
| GMP Trend | Awaited |
M R Maniveni IPO Subscription Status – Live Update
| Investor Category | Subscription Status |
|---|---|
| QIB | 1.00x |
| NII | 1.88x |
| Retail | 2.09x |
| Total | 1.74x |
IPO Details at a Glance
| Particulars | Details |
|---|---|
| IPO Date | 22 May to 26 May 2026 |
| Listing Date | 1 June 2026 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 51 to Rs. 52 |
| Lot Size | 2,000 Shares |
| Issue Type | Bookbuilding IPO |
| Sale Type | Fresh Issue Only |
| Listing At | BSE SME |
| Total Issue Size | 52,00,000 Shares (Rs. 27.04 Cr) |
| Fresh Issue | 52,00,000 Shares (Rs. 27.04 Cr) |
| Market Maker Portion | 2,60,000 Shares |
| Net Offer to Public | 49,40,000 Shares |
| Shareholding Post Issue | 52,00,000 Shares |
| Market Cap (Pre-IPO) | Rs. 27.04 Cr |
IPO Timetable
| Event | Date |
|---|---|
| IPO Open | Friday, 22 May 2026 |
| IPO Close | Tuesday, 26 May 2026 |
| Allotment Finalisation | Wednesday, 27 May 2026 |
| Refund Initiation | Friday, 29 May 2026 |
| Credit of Shares | Friday, 29 May 2026 |
| Listing Date | Monday, 1 June 2026 |
Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More Than 50% of Net Issue |
| Retail Shares Offered | Not Less Than 35% of Net Issue |
| NII Shares Offered | Not Less Than 15% of Net Issue |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | Rs. 2,08,000 |
| Retail (Max) | 2 | 4,000 | Rs. 2,08,000 |
| S-HNI (Min) | 3 | 6,000 | Rs. 3,12,000 |
| S-HNI (Max) | 9 | 18,000 | Rs. 9,36,000 |
| B-HNI (Min) | 10 | 20,000 | Rs. 10,40,000 |
Company Details
M R Maniveni Foods Ltd., incorporated in 2010, is engaged in processing, packaging and distribution of food products with core focus on pulses including Urad Dal and Toor Dal. The company primarily caters to the B2B segment and focuses on maintaining quality standards and operational efficiency in food processing operations.
The company emphasizes hygienic food preparation, modern processing techniques and strong supply chain management practices. It aims to strengthen its brand presence in domestic and export-oriented food markets while focusing on scalable manufacturing and customer relationships.
| Particulars | Details |
|---|---|
| Registered Office | S.No.220/3A-3B, Madhavaram-Redhills High Road, Madhavaram, Chennai, Tamil Nadu – 600060 |
| Phone | +91-9840777269 |
| cs@mrgolddhall.com | |
| Business Segment | Food Processing |
| Core Products | Urad Dal, Toor Dal |
| Business Model | B2B Food Products |
| Employee Strength | Approximately 18 Employees |
| Particulars | Details |
|---|---|
| Lead Manager | Capital Square Advisors Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
Financials
| Particulars (Rs. Cr.) | FY25 | FY24 | FY23 |
|---|---|---|---|
| Assets | 40.44 | 28.57 | 24.80 |
| Total Income | 203.52 | 155.00 | 119.61 |
| Profit After Tax | 3.88 | 2.20 | 1.52 |
| EBITDA | 7.82 | 5.05 | 3.72 |
| Net Worth | 18.33 | 12.35 | 10.15 |
| Reserves & Surplus | 3.95 | 10.05 | 7.85 |
| Total Borrowings | 20.46 | 15.00 | 9.93 |
Valuation
| Objects of the Issue | Estimated Amount (Rs. Cr.) |
|---|---|
| Construction of Factory | 12.69 |
| Purchase of Plant & Machinery | 14.74 |
| General Corporate Purpose | Balance |
| KPI | FY25 |
|---|---|
| ROE | 25.27% |
| ROCE | 18.63% |
| Debt/Equity | 1.12 |
| RoNW | 25.27% |
| PAT Margin | 1.90% |
| EBITDA Margin | 3.84% |
| Price to Book Value | 4.02 |
| Particulars | Pre IPO | Post IPO |
|---|---|---|
| EPS (Rs.) | 2.96 | 7.45 |
| P/E (x) | 17.57 | 6.98 |
| Promoter Holding | 98.68% | NA |
| Market Cap | Rs. 27.04 Cr | NA |
Chanakya View
M R Maniveni IPO operates in the food processing and pulses segment where long-term demand visibility remains stable due to growing packaged food consumption and organised distribution networks.
The company has demonstrated strong revenue growth over the last three financial years supported by expansion in operations and increasing scale. Its focus on Dal processing, manufacturing capability and B2B customer relationships are important positives for the business.
However, investors should also consider that the company operates in a low-margin commodity-linked business where profitability can remain sensitive to raw material price fluctuations, working capital intensity and competitive pressures.
| Parameter | Chanakya View |
|---|---|
| Business Model | Food Processing & Pulses |
| Financial Trend | Strong Revenue Growth |
| Margin Profile | Moderate |
| Valuation | Reasonably Valued |
| Risk Level | Moderate |
| Listing Appeal | Positive |
| Long-Term Appeal | Selective |
Chanakya View: M R Maniveni IPO appears to be a reasonably valued SME food processing IPO with scalable operations and improving financial performance. Investors with moderate risk appetite may consider selective exposure from medium-to-long term perspective.
Frequently Asked Questions (FAQs)
What is M R Maniveni IPO GMP today?
M R Maniveni IPO GMP today is currently unavailable in the grey market. GMP activity may emerge closer to the listing date.
What is the M R Maniveni IPO price band?
The IPO price band is fixed at Rs. 51 to Rs. 52 per share.
What is the M R Maniveni IPO lot size?
The minimum lot size for retail investors is 2 lots comprising 4,000 shares worth Rs. 2,08,000.
When will M R Maniveni IPO list?
M R Maniveni IPO is scheduled to list on the BSE SME platform on 1 June 2026.