M R Maniveni Foods
OPENIPO Date: 22 May - 26 May 2026
Listing Date: 1 Jun 2026
Price Range
Rs.51 - Rs.52
Issue Size
27 Cr
Min Investment
₹1,02,000
Lot Size
2000 Shares
Schedule of M R Maniveni Foods
Issue open date
22 May 2026
Issue close date
26 May 2026
UPI mandate deadline
26 May 2026 (5 PM)
Allotment finalization
27 May 2026
Share credit
29 May 2026
Listing date
1 Jun 2026
Mandate end date
10 Jun 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 27 Cr |
| Fresh Issue | 27.04 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 27 May 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 25 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 24 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 23 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 21 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 20 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 19 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 18 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 17 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
| 16 May 2026 | ₹52 | ₹0 | ₹52 (0%) |
Performance M R Maniveni Foods
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.51 - Rs.52 | .... | .... | .... |
About M R Maniveni Foods
M R Maniveni Foods Limited is engaged in the milling, processing, and supply of pulses, primarily urad dal and toor dal. The company also trades in products such as moong dal, kabuli channa, green gram dal, coriander seeds, rice, and chillies. Its business mainly operates on a business-to-business (B2B) model, supplying processed pulses to retailers, wholesalers, and e-commerce platforms. The company started operations in 2010 with manual urad dal milling and later introduced automated machinery for urad dal processing in 2022. In 2023, it expanded into toor dal milling through a semi-manual process. At present, the company operates two milling facilities, including an automated unit for urad dal and a semi-manual unit for toor dal. It primarily generates revenue from the sale of urad dal and has a presence in Tamil Nadu, Karnataka, Kerala, Maharashtra, Telangana, and Madhya Pradesh.
| Founded in | 2010 |
| Managing director | Mr K.R. Manikandan |
| Parent organization |
Financial Overview
Strengths
- The company has over 15 years of experience in the pulses processing industry.
- It operates automated and semi-manual milling facilities for urad dal and toor dal.
- The company has diversified its product portfolio across multiple food products and pulses.
- It follows FSSAI and ISO quality standards for food processing operations.
- The company has expanded production capacity through investments in automation and new facilities.
Risks
- The business depends heavily on the availability and pricing of black gram and pigeon pea.
- High working capital needs during procurement seasons may affect operations and growth.
- Any failure in maintaining product quality standards may harm the company’s reputation.
- Climate disruptions and poor agricultural output can impact raw material supply.
- The company is subject to restrictive conditions under its financing and borrowing agreements.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1 |
| Non-Institutional Investors (NIIs) | 1.42 |
| Retail Individual Investors (RIIs) | 1.53 |
| Employee | N/A |
| Total | 1.36 |