M R Maniveni

M R Maniveni SME IPO

Listed

BSE SMEOpens 22 May 2026Closes 26 May 2026

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…

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Live GMPSubscriptionAllotment
Price band
₹51 - ₹52
Issue size
₹27.04 Cr
Lot size
2,000 shares
Type
BSE SME
GMP
₹0 (0.0%)
Est. listing
₹52
Est. profit / app
—
Retail quota
35.06%

Key ratios

As per RHP / filings
Face value
₹10
EPS
2.27
P/E ratio
22.87
RoNW
16.92%
ROE
16.48%
Debt / 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

EventDate
IPO Open Date22 May 2026
IPO Close Date26 May 2026
Allotment Date27 May 2026
Listing Date1 June 2026

Investment Categories

CategoryLotsAmount
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

CategoryReservation
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%
Retail35.06%
Market Maker5.00%
Total100.00%

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 Ended31 Dec 2025 (9M)31 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)49.9241.1229.0224.8
Revenue (₹ Cr.)116.19203.52155119.61
PAT (₹ Cr.)3.344.132.181.56
Net Worth (₹ Cr.)21.9318.5912.3610.18

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB1x1x1x
NII1.66x1.57x1.88x
S-HNI0.06x0.83x1.46x
B-HNI2.45x1.94x2.1x
RII0.89x1.53x2.09x
Total1.09x1.39x1.74x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB9,82,0009,82,0005.11
NII7,56,00014,24,0007.4
Small NII2,52,0003,68,0001.91
Big NII5,04,00010,56,0005.49
RII17,32,00036,20,00018.82
Total34,70,00060,26,00031.34
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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

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.

M R Maniveni SME IPO News & Updates

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M R Maniveni SME IPO IPO Pages

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M R Maniveni SME IPO Details

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M R Maniveni SME IPO GMP

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M R Maniveni SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

M R Maniveni SME IPO Allotment

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M R Maniveni SME IPO Review

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M R Maniveni SME IPO FAQ

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M R Maniveni SME IPO Registrar

Registrar website and how to check allotment

M R Maniveni SME IPO Timeline

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M R Maniveni SME IPO News

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Sources

We match M R Maniveni SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • Bigshare Services Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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