M R Maniveni Foods IPO

MR Maniveni Foods IPO Details

MR Maniveni Foods IPO is a 100% book-built issue comprising a fresh issue of 65 lakh equity shares worth up to ₹27.04 crore, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 23, 2025.

The price band of the issue is set between ₹51 and ₹52 per share and the lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor (retail investor) is ₹2,08,000. The IPO will open from May 22 to 26, 2026, on the BSE SME platform, with a tentative listing date fixed as June 1, 2026.

The book-running lead manager of the issue is CapitalSquate Advisors Pvt. Ltd., while the registrar to the issue is Bigshare Services Pvt. Ltd.

MR Maniveni Foods IPO Date & Timeline

MR Maniveni Foods IPO is officially set to open for subscription on May 22, 2026 and will close on May 26, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 23, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window allotment is expected on May 27, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on May 29, 2026. Finally, the MR Maniveni Foods Ltd.'s shares are tentatively scheduled to list on the stock exchanges on Jun 1, 2026.

MR Maniveni Foods IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The MR Maniveni Foods IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

MR Maniveni Foods Ltd. was incorporated on June 30, 2010, in Madhavaram, Chennai, as "K.R.M. Ramadevi Enterprises Private Limited" in Chennai, Tamil Nadu. Over the years, it underwent several name changes and then in February 2025, the company transformed into a public limited company. The company has been operating all its activities from its Chennai office for 15+ years in the food industry.

Its evolution reflects a consistent focus on the pulses market, transitioning through various corporate structures to support its expanding scale. Their core mission is to deliver premium dal products that preserve authentic traditional flavors, promote healthy living and uphold the highest standards of quality and sustainability.

Operations & Product Range

MR Maniveni Foods Ltd. is mainly engaged in the production, processing and distribution of pulses, especially Urad Dal and Toor Dal. This firm caters to the B2C market and produces basic food necessities that are commonly used in India. The operations of this firm include the procurement of raw materials in the form of black gram and toor directly from importers.

Facilities & Capacity

MR Maniveni Foods Ltd. operates a fully automated pulses milling unit located in Madhavaram, Chennai. The mill is capable of handling all aspects of manufacturing, such as cleaning, grading, polishing, husk removal and packing of the product for industrial as well as retail customers. Although the Urad Dal unit is fully automated, the Toor Dal unit remains only partially automated. With this listing, the company intends to create a fully automated processing unit for Toor Dhal.

Brands & Market Presence

MR Maniveni Foods Ltd. markets its products under the "MR GOLD" and "ORID GOTA" brands. These brands are utilized in the domestic market, where the company has developed a strong procurement and distribution network. Its market presence is anchored by compliance with quality standards, including ISO 9001:2015 and ISO 22000:2018 certifications.

Revenue Streams & Business Model

The primary revenue stream for MR Maniveni Foods Ltd. is the sale of processed pulses in the domestic market. For FY25, the company reported total revenue from operations of ₹203.48 crore, representing steady growth in comparison to the previous financial years. The business model focuses on high-volume sales of essential food products, leveraging its automated processing capabilities to maintain consistent quality and throughput for its B2C customers.

Management & Shareholding

The promoters of MR Maniveni Foods Ltd. are KR Manikandan, M Chandra and K Selvam. Before the IPO, the promoters held a 98.68% stake in the company, but after the IPO, the promoters’ shareholding will be slightly diluted as the offering includes a fresh issue of shares, which invites the public to join.

Board & Key Management

The leadership of MR Maniveni Foods Ltd. is led by a team of experts with many years of experience. KR Manikandan serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by KR Manikandan, the Managing Director, along with Whole-Time Directors M Chandra and K Selvam. To ensure good governance, the board includes Independent Directors Sourav and Neha Sharma for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.