M R Maniveni Foods IPO
LISTEDSMEListing Performance
Listed
Issue Price
₹52
Listed On
01 Jun 2026
- Price Band
- ₹51 – ₹52
- Lot Size
- 2,000
- Lot Value
- ₹1,04,000
- Open Date
- 22 May22 May 2026
- Close Date
- 26 May26 May 2026
- Min Investment
- ₹1,04,000
About M R Maniveni Foods
M R Maniveni Foods is engaged in the processing and sale of Toor Dal and Urad Dal. The company operates a toor dal milling facility and procures black gram and raw pigeon pea primarily through agents and local suppliers.
The company generates revenue through milling operations, processing black gram and raw pigeon pea into Toor Dal and Urad Dal products for sale to customers.
Use of IPO Proceeds
Total allocation: ₹26.30 Cr (excludes issue expenses)
Promoters
K.R. Manikandan
Managing Director and Chairman · age 50
Post-issue: 6.61%
M Chandra
Whole-time Director · age 45
Post-issue: 10.2%
K. Selvam
Whole-time Director · age 40
Post-issue: 3.2%
Investment Analysis
Quick Analysis: 6 strengths · 6 risk factors· Exchange: BSE SME
Strengths (6)
- •Longstanding presence in the pulses industry
- •Experienced promoters and professional management team
- •Scalable business model with integrated operations
- •Focused milling expertise in dal production
- •Wide range of B2B customer base
- •Strategically located with fully automated facilities
Risk Factors (6)
- •This is the first public issue; no formal market exists for shares, making price and trading post-listing uncertain.
- •Company operates in competitive food manufacturing sector with significant competition from established and new market entrants.
- •Dependence on key raw material suppliers and price volatility could impact production costs and profit margins.
- •Limited operational history as a public company; management experience in public company operations is unproven.
- •Regulatory changes in food safety, labeling, or health standards could increase compliance costs and operational complexity.
- •Customer concentration risk; loss of major customers could significantly impact revenue and financial performance.
Demand snapshot
Subscription and grey market data as reported. Not a recommendation.
- Subscribed 1.68x (QIB 1.00x, NII 1.65x, Retail 2.09x) at close
Investor Quota
Approx. shares reserved per category
Estimated from total issue size; actual reserved lots are set in the RHP.
Application Lot Sizes
Retail caps at ₹2,00,000 (1 lots here). S-HNI is ₹2L–₹10L, B-HNI is above ₹10L.
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,04,000 |
| Retail (max) | 1 | 2,000 | ₹1,04,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,08,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,36,000 |
| B-HNI (min) | 10 | 20,000 | ₹10,40,000 |
Subscription Status
| Category | Day 4 | Day 5 |
|---|---|---|
| QIB | 1.00x | 1.00x |
| sNII (S-HNI) | — | — |
| bNII (B-HNI) | — | — |
| Retail | 1.53x | 2.09x |
| Total | 1.36x | 1.68x |
Colour: red <1x · amber 1–10x · green ≥10x oversubscribed.
Allotment Statistics
Retail Individual Investors (RII)
Subscription
2.09x
Allotment Ratio
1 lot per 3 applicants
Allotment Probability
~47.8%
Non-Institutional Investors (NII / HNI)
Subscription
1.65x
Allotment Type
Proportionate allotment
Qualified Institutional Buyers (QIB)
Subscription
1.00x
Allotment Type
Discretionary allotment
Total Subscription
1.68x
Allotment probability is estimated based on subscription data and is not guaranteed. Actual allotment depends on the registrar's process.
Basis of Allotment
Category-wise subscription & allotment ratio
Weigh your chances
IPO Timeline
Issue Opens
22 May 2026 · Fri
Issue Closes
26 May 2026 · Tue
Bidding Cut-off (UPI Mandate)
26 May 2026 · 5:00 PM IST
Allotment
27 May 2026 · Wed
Listing
01 Jun 2026 · Mon
Issue Opens
22 May 2026 · Fri
Issue Closes
26 May 2026 · Tue
Bidding Cut-off (UPI Mandate)
26 May 2026 · 5:00 PM IST
Allotment
27 May 2026 · Wed
Listing
01 Jun 2026 · Mon
IPO Details
| Registrar | Bigshare Services Pvt. Ltd. |
| Exchange | BSE SME |
| ISIN | — |
| Face Value | ₹10 |
| Issue Size | ₹27.04 Cr |
| Fresh Issue | — |
| OFS Size | — |
| Lead Managers | CAPITALSQUARE ADVISORS PRIVATE LIMITED |
3-Year Financial Summary
Revenue trend
↑ FY23→FY25
| Fiscal Year | Revenue (₹Cr) | PAT (₹Cr) | EPS | P/E | ROE |
|---|---|---|---|---|---|
| FY25 | 203.48 | 4.13 | 2.96 | — | 27.61% |
| FY24 | 154.99 | 2.18 | — | — | — |
| FY23 | 119.58 | 1.56 | — | — | — |
Detailed Line Items (₹ Cr)
| Line Item | FY23 | FY24 | FY25 |
|---|---|---|---|
| EBITDA | 3.72 | 5.05 | 7.82 |
| Net Worth | 9.65 | 11.83 | 18.06 |
From the company's offer document (DRHP/RHP); restated figures where available.
Valuation at Issue Price
Issue P/E
17.6x
Price ÷ EPS
EPS (FY25)
₹3
Earnings per share
RoNW
27.61%
Return on net worth
ROCE
—
Not in abridged DRHP
EBITDA margin
3.8%
EBITDA ÷ revenue
Price/NAV
4.14x
Price ÷ NAV (as reported)
Check the valuation yourself
Company Fundamentals
11 sections extracted from this filingCapital Structure
| Authorised Capital | ₹25.00 Cr |
| Issued Capital | — |
| Paid-up Capital | ₹14.37 Cr |
| Equity Shares (Pre-Issue) | 1,43,72,400 |
| Equity Shares (Post-Issue) | — |
| Preference Shares | 0 |
Source: M R Maniveni Foods offer document (DRHP/RHP).
Shareholding Pattern
Pre-Issue
- K.R. Manikandan(Promoter)—
- M. Chandra(Promoter)—
- K. Selvam(Promoter)—
Post-Issue
Post-Issue not disclosed in this filing.Not separately disclosed in M R Maniveni Foods's filing.
Source: M R Maniveni Foods offer document (DRHP/RHP).
Reservations & OFS
Investor Reservation
- QIB+50.00%
- NII / HNI+15.00%
- Retail+35.00%
OFS Selling Shareholders
No offer-for-sale component (or sellers not disclosed).
Source: M R Maniveni Foods offer document (DRHP/RHP).
Board & Management
Board of Directors (6)
- K R Manikandan₹0.36 Cr p.a.
Managing Director
More than 15 years of experience managing business operations including marketing, sales, finance and supply chain management
- M Chandra₹0.21 Cr p.a.
Whole-time Director
More than 15 years of experience in handling procurement chain management
- K Selvam₹0.18 Cr p.a.
Whole-time Director
Master of Computer Applications from Anna University
More than 13 years of experience handling business operations including production management, process improvement, compliance and safety protocols
- Narayanaswamy Gowrishankar
Independent Director
Doctor of Philosophy from Indian Institute of Technology, Madras and Fellow Member of Indian National Academy of Engineering
More than 54 years of experience in Research and Development, Strategic Planning and Corporate Governance
- R Mukundan
Independent Director
Qualified Company Secretary from Institute of Company Secretaries of India and Cost and Management Accountant from Institute of Cost and Works Accountants of India
More than 30 years of experience in Secretarial and Regulatory Compliances and Financial operations
- Arunachalam Manikandan
Independent Director
Qualified Company Secretary from Institute of Company Secretaries of India and Bachelor of Science from Bharathiar University
More than 23 years of experience in Secretarial Compliances, Corporate Governance and coordination with various stakeholders
Key Managerial Personnel (2)
- Ramya Ramakrishnan₹0.01 Cr p.a.
Chief Financial Officer
Cost and Management Accountant from The Institute of Cost Accountants of India
More than 7 years of experience in financial management
- Krishnamachari Ramu₹0.01 Cr p.a.
Company Secretary
Company Secretary from Institute of Company Secretaries of India
More than 11 years of experience in listed companies as Company Secretary and Compliance Officer
Source: M R Maniveni Foods offer document (DRHP/RHP).
Industry & Market
Industry & market data not disclosed in this filing.Market-size/industry detail was not extracted from M R Maniveni Foods's filing.
Peer Comparison
| Company | P/E | EPS | RoNW % | NAV |
|---|---|---|---|---|
| M R Maniveni Foods Limited | — | 2.96 | 27.61 | 12.94 |
Material Litigation
| Type | Against | Matters | Amount (₹Cr) |
|---|---|---|---|
| Criminal | Company | 4 | 0.289 |
| Tax | Company | 11 | 0.799 |
The Company has one criminal proceeding filed against Sree Bethanaatchi Amman Traders for dishonor of cheques totaling ₹90,000 (CC 1970 of 2018); the Company also has outstanding TDS payment defaults of ₹79.89 lakhs across multiple financial years. No material litigations are pending against the Promoters, Directors, or Key Managerial Personnel.
Registrar (RTA)
SEBI-registered Registrar & Transfer Agent — handles allotment and refunds.
Registrar:Bigshare Services Pvt. Ltd.→Lead Managers (BRLMs)
Click any merchant banker for their full IPO track record (positive listing rate, average gain, IPOs managed).
Documents
Frequently Asked Questions
When is the M R Maniveni Foods IPO opening?
The M R Maniveni Foods IPO opens on 22 May 2026 and closes on 26 May 2026. Check this page for the latest updates as we refresh every 30 minutes.
What is the price band of the M R Maniveni Foods IPO?
The price band for the M R Maniveni Foods IPO is ₹51 to ₹52. The final price is announced after the book-building process and is confirmed before listing.
What is the lot size and minimum investment for the M R Maniveni Foods IPO?
The minimum lot size is 2000 shares with a minimum investment of ₹1,04,000. Retail investors can apply for up to the retail limit defined by SEBI.
What is the GMP of M R Maniveni Foods IPO today?
Grey Market Premium data for M R Maniveni Foods is not available yet. It typically starts appearing a few days before the IPO opens.
When will the M R Maniveni Foods IPO list on NSE and BSE?
The M R Maniveni Foods IPO is expected to list on 01 Jun 2026 on BSE SME. Actual listing day trading begins at the start of the normal market session.
How can I check the M R Maniveni Foods IPO allotment status?
The registrar for this IPO is Bigshare Services Pvt. Ltd.. You can check your allotment status on the registrar's portal using your PAN, application number, or DP ID. We link to the registrar directly on our allotment page after the allotment date.
Is the M R Maniveni Foods IPO a mainboard or SME issue?
M R Maniveni Foods is a SME IPO that will list on the NSE Emerge or BSE SME platform. SME IPOs require a minimum application value of one lakh rupees.
How do I apply for the M R Maniveni Foods IPO?
You can apply for the M R Maniveni Foods IPO through any SEBI-registered broker such as Zerodha, Upstox, or Angel One using UPI or ASBA while the issue is open for bidding.
What is the allotment ratio for M R Maniveni Foods IPO?
Based on the retail subscription of 2.09x, the estimated allotment ratio is 1 lot per 3 applicants (approximately 47.8% chance of allotment). This is an estimate and actual allotment may vary.
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