M R Maniveni Foods IPO will be issuing 52,00,000 shares. The nominal value of these shares is ₹10. The total issue amounts to ₹27 crore. The application window will open on May 22, 2026. The bids will be accepted until the offer closes on May 26, 2026. The allotment is planned to take place on May 27, 2026. The shares will make their debut on June 1, 2026, on the BSE SME.
The lot size of this offering is 2,000 shares. The price of these shares ranges from ₹51 to ₹52. Retail investors can participate by bidding for at least two lots with ₹2,08,000. The sNII must apply for three lots, meaning their outlay will be ₹3,12,000 for. For bNII, the minimum bid starts at ten lots, priced at ₹10,40,000.
M R Maniveni Foods IPO Details
This offering’s essential particulars are presented below:
| Particulars | Details |
| Bidding Opens | May 22, 2026 |
| Bidding Closes | May 26, 2026 |
| Face Value | ₹10 / share |
| Issue Type | Bookbuilding Issue |
| Price Band | ₹51 to ₹52 |
| Issue Price | – |
| Listing at | BSE SME |
| Lot Size | 2,000 Shares |
| Fresh Issue | 49,40,000 shares (₹26 Crore) |
| Offer for Sale (OFS) | – |
| Market Maker Reservation | 2,60,000 shares (₹1 Crore) |
| Total Issue | 52,00,000 shares (₹27 Crore) |
| Minimum Investment | ₹2,08,000 |
Timeline of the M R Maniveni Foods IPO
The issue is expected to progress according to the given schedule:
| Particulars | Details |
| Bidding Opens | May 22, 2026 |
| Bidding Closes | May 26, 2026 |
| Allotment Expected | May 27, 2026 |
| Refunds Start On | May 29, 2026 |
| Share Credit to Demat | May 29, 2026 |
| Listing Scheduled | June 1, 2026 |
| Cut-off for UPI mandate | 5:00 PM – May 26, 2026 |
Key Performance Indicators of M R Maniveni Foods
An overview of the M R Maniveni Foods KPIs is given in the table below:
| KPIs | FY25 | FY24 | FY23 |
| ROE (%) | 26.67 | 19.34 | 17.02 |
| ROCE (%) | 17.14 | 14.50 | 13.24 |
| Debt Equity (times) | 1.10 | 1.21 | 0.98 |
| RoNW (%) | 27.61 | 20.30 | 17.52 |
| PAT Margin (%) | 2.03 | 1.41 | 1.30 |
| EBITDA Margin (%) | 3.84 | 3.26 | 3.11 |
| Price Book Value | 4.14 | – | – |
Financials of M R Maniveni Foods
M R Maniveni Foods’ important financial metrics are as follows:
| Particulars (in ₹ lakh) | FY25 | FY24 | FY23 |
| Total Assets | 4112.46 | 2902.40 | 2479.64 |
| Revenue | 20352.15 | 15499.73 | 11960.62 |
| Profit | 412.67 | 218.02 | 155.51 |
M R Maniveni Foods IPO Subscription Status
As the M R Maniveni Foods IPO is yet to open for subscription, bidding details are not available at present. The information will be updated once the issue opens on May 22, 2026.
Investors will be able to place bids between 10:00 AM and 5:00 PM throughout the subscription period.
Grey Market Premium of the M R Maniveni Foods IPO
The M R Maniveni Foods IPO is currently trading in the grey market at a premium of ₹0, reflecting muted demand from the investors. Based on the current trend, the shares will list near the upper price band at ₹52, with no indication of listing gains at present.
| GMP Date | GMP | Est. Listing Price | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 20-05-2026 | ₹0 ─ | ₹52 (0.00%) | ₹0 | 20-May-2026 14:35 |
| 19-05-2026 | ₹0 ─ | ₹52 (0.00%) | ₹0 | 19-May-2026 23:31 |
| 18-05-2026 | ₹0 ─ | ₹52 (0.00%) | ₹0 | 18-May-2026 23:28 |
| 17-05-2026 | ₹0 ─ | ₹52 (0.00%) | ₹0 | 17-May-2026 23:30 |
| 16-05-2026 | ₹0 ─ | ₹52 (0.00%) | ₹0 | 16-May-2026 23:32 |
Note: The GMP reflects informal market expectations and is shared solely for reference purposes. They can fluctuate with changes in market conditions and investor interest.
M R Maniveni Foods IPO Reservation
The issue has allocated portions to different investor categories, as detailed below:
| Investor Category | Reservation |
| Market Maker Shares | 2,60,000 |
| QIB Shares | 24,52,000 |
| NII (HNI) Shares | 7,56,000 |
| Retail Shares | 17,32,000 |
| Total Shares | 52,00,000 |
Lot Size of the M R Maniveni Foods IPO
Applications for the issue must comply with the lot sizes mentioned below.
| Investor Type | Lots | Shares | Amount |
| Retail Investors – Minimum Bid | 2 | 4,000 | ₹2,08,000 |
| Retail Investors – Maximum Bid | 2 | 4,000 | ₹2,08,000 |
| S-HNI – Minimum Bid | 3 | 6,000 | ₹3,12,000 |
| S-HNI – Maximum Bid | 9 | 18,000 | ₹9,36,000 |
| B-HNI – Minimum Bid | 10 | 20,000 | ₹10,40,000 |
M R Maniveni Foods IPO Anchor Investors
The table below highlights the anchor investor particulars in the offering:
| Particulars | Details |
| Anchor Bidding Opens | May 21, 2026 |
| Shares Offered | 14,70,000 |
| Portion Size | QIB portion’s 60% |
| Lock-in for 50% Shares (30 Days) | June 26, 2026 |
| Remaining Shares Lock-in (90 Days) | August 25, 2026 |
M R Maniveni Foods IPO Prospectus
The linked documents below provide additional details about the issue.
| Draft Red Herring Prospectus (DRHP) | |
| Red Herring Prospectus (RHP) | |
| Anchor Investors | – |
| Final Prospectus | Not Disclosed Yet |
About M R Maniveni Foods
M R Maniveni Foods Limited was originally incorporated in 2010 and has over 15 years of experience in the food processing industry. The organisation operates under the leadership of the managing director, K R Manikandan. He is one of the promoters along with K Selvam and M Chandra.
The company focuses on the processing and distribution of pulses such as urad dal and toor dal, in addition to trading various food commodities including rice and spices. Its operations are largely centred on a business-to-business (B2B) model, supplying products to wholesalers, retailers, and online distribution channels. Its focus on quality, hygiene, and contamination-free products has helped build long-term institutional relationships.
| Lead Manager | Capital Square Advisors |
| IPO Registrar | Bigshare Services |
M R Maniveni Foods IPO Objectives
The issue proceeds will be directed towards the following planned objectives:
| Particulars | Amount (in ₹ lakh) |
| Capex for factory construction | 1268.80 |
| Purchase of plant and machinery | 1361.03 |
| General corporate uses | – |
Strengths of M R Maniveni Foods
These core strengths form the backbone of M R Maniveni Foods’ business:
- Scalable Business Model: The company’s automated and semi-manual facilities, diversified procurement network, and B2B distribution model support scalable operations while maintaining operational flexibility and cost efficiency.
- Diversified Customer Base: The company serves supermarkets, wholesalers, and e-commerce platforms, reducing dependence on a single category while ensuring recurring demand and strong customer relationships.
- Structured and Efficient Operations: Its integrated framework covering procurement, production, quality control, and distribution supports operational continuity, timely deliveries, regulatory compliance, and consistent product quality.
- Strategic Location and Automated Facility: The Chennai-based operations provide access to ports, transportation networks, and consumption markets, while the fully automated urad dal unit improves efficiency, scalability, and product consistency.
Risks of M R Maniveni Foods
Before investing, it is important to understand the key risks associated with M R Maniveni Foods.
- Dependence on Raw Material Supply: A steady availability of raw pigeon pea and black gram is critical to the business operations. Any supply disruption, shortage, or sharp price increase could affect production, margins, and profitability.
- Absence of Supplier Contracts: The company procures raw materials without long-term agreements, exposing it to price volatility, supply uncertainty, and procurement risks during periods of high demand or shortage.
- Geographic Concentration: A substantial share of revenue comes from Tamil Nadu and Karnataka. Any economic, climatic, or regulatory disruptions in these regions could affect business operations and sales.
- Significant Working Capital Needs: The company requires substantial working capital to manage inventory, procurement, and day-to-day operations. Any funding constraints could affect operational efficiency and business growth.
M R Maniveni Foods IPO Review
M R Maniveni Foods IPO offers exposure to the food processing sector, backed by scalable operations, a diversified B2B customer base, and improving financial performance. However, muted GMP trends, regional concentration, and raw material dependency remain key concerns. This offering may appeal to investors with a higher appetite for risk and familiarity with SME investments. Before making an investment decision, one should deeply examine the business fundamentals.
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M R Maniveni Foods IPO FAQs
M R Maniveni Foods IPO is a BSE SME book building issue worth ₹27 crore. The offering consists entirely of a fresh issue of 52,00,000 equity shares.
Submit your IPO application through ASBA-enabled net banking or UPI between May 22 and May 26, 2026, using your broker or trading platform.
The IPO offers exposure to the growing food processing and pulses segment, supported by scalable operations and a diversified B2B customer base. However, investors should also consider risks such as raw material dependency, regional concentration, and muted GMP trends before investing.
Based on the current grey market trend, the GMP stands at ₹0, indicating limited listing gains at present. Actual returns may vary depending on investor demand and market conditions at the time of listing.
The M R Maniveni Foods IPO will open for subscription on May 22, 2026, and close on May 26, 2026.
The lot size for the IPO is 2,000 shares. Retail investors must apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,08,000 at the upper price band.
The allotment for the M R Maniveni Foods IPO will be finalised on May 27, 2026.
The shares of M R Maniveni Foods are scheduled to list on the BSE SME platform on June 1, 2026.
