M R Maniveni SME: Check IPO Date, Live Subscription and Key Details
M R Maniveni Foods Limited, incorporated in 2010, is an established Indian food processing enterprise specializing in the milling, processing, packaging, and B2B distribution of pulses, with a strategic focus on Urad Dal and Toor Dal. Operating out of its processing asset hub in Chennai, Tamil Nadu, the company supplies high-volume processed pulses to wholesalers, institutional buyers, and large-scale food processors. The company utilizes modern automated processing machinery to clean, sort, and grade pulses, ensuring uniform quality and safety compliance across its commodity pipelines.
Price Range
₹51.0 - ₹52.0
Issue Size
₹27.04 Cr
Lot Size
2,000 shares
IPO Type
BSE SME
GMP
-
Est. Listing Price
₹52
Estimate Profit
-
Retail Portion
35.06%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
2.27
P/E Ratio
22.87
RoNW
16.92%
ROE
16.48%
Debt to Equity
1.02
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Timeline
IPO Opens
22 May
IPO Closes
26 May
Allotment
27 May
Listing
1 Jun
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 22 May 2026 | Subscription starts |
| IPO Close Date | 26 May 2026 | Subscription ends |
| Allotment Date | 27 May 2026 | Allotment |
| Listing Date | 1 June 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,08,000 |
SHNI (Min) | 3 | ₹3,12,000 |
SHNI (Max) | 9 | ₹9,36,000 |
BHNIAbove ₹10,00,000 | 10 | ₹10,40,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 47.15% |
| NII (Non-Institutional Investor) | 14.54% |
| SHNI (Small Non-Institutional Investor) | 4.85% |
| BHNI (Big Non-Institutional Investor) | 9.69% |
| Retail | 35.06% |
| Market Maker | 5.00% |
| Total | 100.00% |
IPO Objectives
- Funding for Capital Expenditure requirements towards the construction of a new factory facility (₹12.69 Cr).
- Funding for Capital Expenditure requirements towards the purchase of plant and machinery (₹13.61 Cr).
- General Corporate Purposes.
Strengths
- The company benefits from a Longstanding Domain Presence, having successfully operated within the highly competitive agro-commodities and pulses industry since 2010.
- It demonstrates Consistent Topline Expansion, with a clear secular revenue growth path scaling from ₹119.61 Cr in FY23 to ₹203.52 Cr in FY25.
- It focuses on Productive Capital Allocation, ensuring that the fresh issue proceeds are entirely directed into core asset creation—specifically funding an upcoming factory build and production machinery upgrades.
- The business leverages Established B2B Supply Networks, building sticky institutional linkages and long-term volume arrangements across large-scale commodity buyers.
Weaknesses
- The firm operates on Razor-Thin Profit Margins, with the net PAT margin historically hovering between 2.03% and 2.87%, making earnings highly susceptible to minor agricultural price volatility.
- It carries High Concentration Risk, as corporate revenues rely almost entirely on processing and distributing just two main pulse variants (Urad Dal and Toor Dal).
- The business faces significant Agri-Commodity Exposure, making it highly vulnerable to unpredictable monsoon cycles, changes in Minimum Support Price (MSP) shifts, and government trade protocols governing pulse imports/exports.
- The issue faces Muted Early Sentiment, with unofficial grey market sentiment currently tracking flat at ₹0, indicating highly conservative local interest ahead of the opening.
- The company maintains a High Borrowing Burden, carrying total debts of ₹22.40 Cr, which elevates its debt-to-equity leverage layer to 1.02 as of late 2025.
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Financial Performance
| Period Ended | 31 Dec 2025 (9M) | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 49.92 | 41.12 | 29.02 | 24.8 |
| Revenue (₹ Cr.) | 116.19 | 203.52 | 155 | 119.61 |
| PAT (₹ Cr.) | 3.34 | 4.13 | 2.18 | 1.56 |
| Net Worth (₹ Cr.) | 21.93 | 18.59 | 12.36 | 10.18 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 |
|---|---|
| QIB | 1x |
| NII | 1.66x |
| S-HNI | 0.06x |
| B-HNI | 2.45x |
| RII | 0.89x |
| Total | 1.09x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 9,82,000 | 9,82,000 | 5.11 |
| NII | 7,56,000 | 12,52,000 | 6.51 |
| Small NII | 2,52,000 | 16,000 | 0.08 |
| Big NII | 5,04,000 | 12,36,000 | 6.43 |
| RII | 17,32,000 | 15,44,000 | 8.03 |
| Total | 34,70,000 | 37,78,000 | 19.65 |
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Company Details
- M R Maniveni Foods Ltd.
- S.No.220/3A-3B, Madhavaram-Redhills, High Road (Near Vadaperumbakkam), Madhavaram, Chennai, Tamil Nadu, 600060
- +91-9840777269
- cs@mrgolddhall.com
- https://www.mrgolddhall.com/
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://www.bigshareonline.com/
Frequently Asked Questions
What does M R Maniveni Foods do?
M R Maniveni Foods operates in the food processing sector and specializes in the sorting, grading, processing, and packaging of pulses such as Urad Dal and Toor Dal for wholesale and B2B markets.
What are the IPO dates for M R Maniveni Foods SME IPO?
The M R Maniveni Foods SME IPO will open for subscription on May 22, 2026, and close on May 26, 2026.
What is the price band and minimum investment for M R Maniveni Foods IPO?
The IPO price band is fixed at ₹51 to ₹52 per share. Retail investors need to apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,08,000.
What is the Grey Market Premium (GMP) of M R Maniveni Foods IPO today?
As of May 18, 2026, the Grey Market Premium (GMP) of M R Maniveni Foods IPO is ₹0, indicating an expected listing price near ₹52 per share.
Where will M R Maniveni Foods IPO be listed?
M R Maniveni Foods IPO is proposed to be listed on BSE SME, with the tentative listing date set for June 1, 2026.
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