SME

IPO ·

BSE SME

M R Maniveni Foods Ltd

Listed

Incorporated on June 30 2010, M R Maniveni Foods Ltd. is engaged in the business of processing, packaging, and distribution of food products.

Issue details

Price band

₹51 – ₹52

Face value

₹10

Lot size

2,000 shares

Minimum investment

₹2,08,000

Issue size

₹27.04 Cr

Fresh issue

₹25.69 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

22 May 2026

Closes

26 May 2026

UPI mandate cut-off

5:00 PM on 26 May 2026

Allotment

27 May 2026

Refunds

29 May 2026

Shares in demat

29 May 2026

Listing

1 Jun 2026

Subscription and listing

Subscription

1.51x

Listing price

₹42.55

Registrar

Bigshare Services Pvt Ltd

Lead manager

Capital Square Advisors

Subscription by category

Total

1.51x

Total applications

967

Anchor investors

Amount raised

₹7.64 Cr

Bid date

21 May 2026

50% lock-in ends

25 Jun 2026

Rest lock-in ends

24 Aug 2026

Listing day

Issue price

₹52

Open

₹42.55

High

₹44.66

Low

₹40.52

Day close

₹41.13

Listing gain at open

-18.17%

Issue structure

Shares reserved per category and share of the total issue

QIB Shares Offered

24,52,000

47.15%

Anchor Investor Shares Offered

14,70,000

28.27%

QIB (Ex. Anchor) Shares Offered

9,82,000

18.88%

NII Shares Offered

7,56,000

14.54%

bNII > ₹10L

5,04,000

9.69%

sNII < ₹10L

2,52,000

4.85%

Retail Shares Offered

17,32,000

33.31%

Market Maker Shares Offered

2,60,000

5.00%

Total Shares Offered

52,00,000

100.00%

Finaccle’s quick read

Neutral

FY25 income up 31%, PAT up 89%, ROE 16.48%, D/E 1.02, post-issue P/E 22.87x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated on June 30 2010, M R Maniveni Foods Ltd. is engaged in the business of processing, packaging, and distribution of food products. The company focuses on offering quality, safe, and hygienically prepared food items catering to diverse consumer preferences. It emphasizes modern processing techniques, robust supply chain practices, and strict quality control to ensure consistent taste and nutrition across its product portfolio. Product Portfolio is focused on Urad Dal and Toor Dal. As of April 30, 2026, the company had a team of approximately 16 employees.

Founded

2010

2010

Promoters

K R Manikandan,

K R Manikandan,

Promoter holding

98.68% pre-issue; 72.46% post-issue

98.68% pre-issue; 72.46% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

Dec 2025

Dec 2025

116.19

116.19

6.67

3.34

3.34

21.93

22.40

22.40

49.92

FY25

FY25

203.52

203.52

7.82

4.13

4.13

18.59

20.46

20.46

41.12

FY24

FY24

155.00

155.00

5.05

2.18

2.18

12.36

15.00

15.00

29.02

FY23

FY23

119.61

119.61

3.72

1.56

1.56

10.18

9.93

9.93

24.80

ROE

16.48%

ROCE

12.58%

Debt / equity

1.02

PAT margin

2.87%

P/E post issue

22.87

Market cap

₹101.78 Cr

Use of IPO money

Funding for Capital Expenditure requirements towards Construction of Factory

₹8.85 Cr

Funding for Capital Expenditure requirements towards purchase of Plant and Machinery.

₹10.44 Cr

General Corporate Purposes

₹3.73 Cr

Issue Expenses

₹4.02 Cr

Strengths

✓

Revenue up 31% in FY25 to ₹203.52 Cr

✓

PAT up 89% in FY25 to ₹4.13 Cr

✓

ROE of 16.48% and ROCE of 12.58%

Risks to watch

!

Thin PAT margin of 2.87%

!

SME platform: large lot size and thinner trading liquidity

!

Debt to equity of 1.02

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.