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M R Maniveni Foods IPO
2.11xsubscribed

M R Maniveni Foods IPO

Consumer Food
listed
₹2.04LMin. investment

M R Maniveni Foods Limited IPO Details

SectorConsumer Food
Price range₹51.00 – ₹52.00
IPO type
SME
Lot size2000 shares
Issue size₹27Cr
Red Herring Prospectus
Read
Market cap
₹101.78CrLower than sector avg
RevenueApr 8 - Mar 9
₹203.4CrLower than sector avg
Growth rate3Y CAGR
30.45%

M R Maniveni Foods IPO Subscription Status

Date
QIB
NII
Retail
Total
22-May-26
1.0 times (X)
4.97 times (X)
0.89 times (X)
1.27 times (X)
25-May-26
1.0X
5.74X
1.53X
1.71X
26-May-26
1.0X
6.66X
2.08X
2.11X

As on 22-May-26, 5:00 PM

M R Maniveni Foods IPO Timeline

  1. Pre-apply
    21 May 2026
  2. Bid start
    22 May 2026
  3. Bid end
    26 May 2026
  4. Allotment
    27 May 2026
  5. Release of funds
    29 May 2026
  6. Demat transfer
    29 May 2026
  7. Listing
    1 Jun 2026

About M R Maniveni Foods Limited

Incorporated in 2010, M R Maniveni Foods has more than 15 years' experience in the food industry, focusing on pulse milling and processing as well as trading of processed pulses. Its operations mainly follow a B2B approach with processed pulses sold via large retailers, wholesalers, and eCommerce sites. The breakdown of revenue for 9MFY26 includes supermarket sales at 44.9%, eCommerce platforms at 8.6%, and others formed 46.4%.
There are currently two milling plants that are dedicated for operation by the company. These two plants are both situated in Chennai. The installed capacity of the company is 29,400 MT per year. The actual production for FY25 was 19,272 MT, which increased from 13,939 MT in FY23, with overall capacity utilisation improved from 47.4% in FY23 to 65.5% in FY25.
The contribution made by manufacturing stood at 97.8% as of December 2025, out of which urad dal contributed 85.5% and toor dal 12.2%, while trading contributed 2.1%. The contribution of urad dal and toor dal together was almost 99.9% in FY25. Geographically, Tamil Nadu accounted for 58.3% towards revenues in FY25, Karnataka contributed 23.9% and Kerala 7.1%. The company has been able to expand into regions such as Madhya Pradesh, Maharashtra, Gujarat and Telangana.

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Objectives of M R Maniveni Foods Limited IPO

Purchase of plant and machinery
50.40%
The company will utilise ₹13.61 crore to purchase plant and machinery.
Capital expenditure
46.90%
The company will utilise ₹12.68 crore towards construction of the factory.
General corporate purposes
2.50%
Part of the IPO proceeds will be used for general corporate purposes and issue expenses

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹203.4Cr30.45%₹4.13Cr₹101.78Cr17.571.02
This sector (avg.)₹1,087.57Cr0%₹78.55Cr₹7,146.66Cr43.500.91
₹20,201.56Cr---₹3,207.59Cr₹2,56,928.6Cr78.770.29
₹20,481.33Cr---₹2,634.29Cr₹1,59,376.2Cr53.620.17
₹17,942.67Cr---₹2,177.86Cr₹1,41,160.9Cr60.930.29

*Revenue for financial year 8-9. Lower P/E and D/E ratios are generally preferred.

M R Maniveni Foods IPO Contact Details

Company NameM R Maniveni Foods Limited

How to apply for M R Maniveni Foods IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

M R Maniveni Foods Limited IPO FAQs