M R Maniveni Foods Ltd. IPO is a book-built issue worth ₹27.04 crore and consists entirely of a fresh issue of 52 lakh equity shares.
The IPO will open for subscription on May 22, 2026 and close on May 26, 2026. The allotment is likely to be finalised on May 27, 2026, while the shares are expected to list on the BSE SME platform on June 1, 2026.
The company has fixed the price band at ₹51–₹52 per share. Investors can apply in lots of 2,000 shares. Retail investors need a minimum investment of ₹2.08 lakh for 4,000 shares at the upper price band, while HNI investors must apply for at least 6,000 shares costing ₹3.12 lakh.
Capital Square Advisors Pvt. Ltd. is acting as the book-running lead manager to the issue, while Bigshare Services Pvt. Ltd. is the registrar. The market maker for the IPO is CapitalSquare Financial Services Pvt. Ltd..
M R Maniveni Foods IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Around ₹12.69 crore will be used for the construction of a new factory facility.
- About ₹13.61 crore has been earmarked for the purchase of plant and machinery.
- The remaining funds will be used for general corporate purposes.
- Overall, the company intends to deploy approximately ₹26.30 crore from the issue proceeds.
About M R Maniveni Foods Limited
M R Maniveni Foods Ltd., incorporated on June 30, 2010, is engaged in the processing, packaging, and distribution of food products, with a primary focus on pulses such as Urad Dal and Toor Dal. The company emphasizes delivering hygienic, safe, and quality food products by adopting modern processing methods, efficient supply chain management, and strict quality control practices to maintain consistent taste and nutritional standards.
Over the years, the company has built a presence in the pulses industry through its scalable business model and focus on dal manufacturing. It also benefits from the experience of its promoters and management team, a diversified B2B customer base, and streamlined operational processes. As of April 30, 2026, the company had around 16 employees.
How To Apply for the M R Maniveni Foods IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the M R Maniveni Foods IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of M R Maniveni Foods IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of M R Maniveni Foods Limited
Registered office: M R Maniveni Foods Ltd. Address:S.No.220/3A-3B, Madhavaram-Redhills, High Road (Near Vadaperumbakkam), Madhavaram, Chennai, Tamil Nadu, 600060
Phone:+91-9840777269
E-mail:cs@mrgolddhall.com
M R Maniveni Foods IPO Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| QIB Shares Offered | 24,52,000 | 49.64% | 47.15% |
| └ Anchor Investor Shares Offered | 14,70,000 | — | 28.27% |
| └ QIB (Ex. Anchor) Shares Offered | 9,82,000 | — | 18.88% |
| NII (HNI) Shares Offered | 7,56,000 | 15.30% | 14.54% |
| └ bNII (> ₹10 lakh) | 5,04,000 | — | 9.69% |
| └ sNII (< ₹10 lakh) | 2,52,000 | — | 4.85% |
| Retail Shares Offered | 17,32,000 | 35.06% | 33.31% |
| Market Maker Shares Offered | 2,60,000 | — | 5.00% |
| Total Shares Offered | 52,00,000 | 100.00% | 100.00% |
M R Maniveni Foods IPO Lot Size Details
| Application Category | Lots | Shares | Amount |
| Individual Investors (Retail) – Min | 2 | 4,000 | ₹2,08,000 |
| Individual Investors (Retail) – Max | 2 | 4,000 | ₹2,08,000 |
| sHNI – Min | 3 | 6,000 | ₹3,12,000 |
| sHNI – Max | 9 | 18,000 | ₹9,36,000 |
| bHNI – Min | 10 | 20,000 | ₹10,40,000 |
M R Maniveni Foods IPO Promoter Holding
The promoters of the company include K R Manikandan, M Chandra and K Selvam
| Share Holding Pre-Issue | 98.68% |
| Share Holding Post Issue |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for M R Maniveni Foods IPO
| KPI | Dec 31, 2025 | Mar 31, 2025 |
| ROE | 16.48% | 26.67% |
| ROCE | 12.58% | 17.14% |
| Debt/Equity | 1.02 | 1.10 |
| RoNW | 16.92% | 27.61% |
| PAT Margin | 2.87% | 2.03% |
| EBITDA Margin | 5.74% | 3.84% |
| Price to Book Value | 3.49 | 4.14 |
M R Maniveni Foods IPO Registrar and Lead Managers
M R Maniveni Foods IPO Lead Managers
- Capital Square Advisors Pvt.Ltd
Registrar for M R Maniveni Foods IPO
- Contact Number: +91-22-6263 8200
- Email Address: ipo@bigshareonline.com
Financial Performance of M R Maniveni Foods Limited
| Particulars (₹ Crore) | Dec 31, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
| Assets | 49.92 | 41.12 | 29.02 | 24.80 |
| Total Income | 116.19 | 203.52 | 155.00 | 119.61 |
| Profit After Tax (PAT) | 3.34 | 4.13 | 2.18 | 1.56 |
| EBITDA | 6.67 | 7.82 | 5.05 | 3.72 |
| Net Worth | 21.93 | 18.59 | 12.36 | 10.18 |
| Reserves and Surplus | 7.55 | 4.22 | 10.07 | 7.89 |
| Total Borrowings | 22.40 | 20.46 | 15.00 | 9.93 |
M R Maniveni Foods Limited Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹/Share) | P/E (x) | RoNW (%) | P/BV Ratio |
| M R Maniveni Foods Ltd. | 2.96 | 2.96 | 12.94 | — | 27.61 | — |
| Sameera Agro And Infra Limited | 11.93 | 11.93 | 101.20 | 0.71 | 13.36 | 0.08 |
| Jeyyam Global Foods Limited | 4.65 | 4.65 | 35.23 | 7.96 | 19.57 | 1.06 |
Strengths and Opportunities of M R Maniveni Foods Limited
- The company has more than 15 years of experience in processing and distributing pulses such as Urad Dal and Toor Dal.
- It operates advanced automated milling facilities that help maintain hygienic and contamination-free processing standards in compliance with FSSAI and ISO guidelines.
- The business follows a dual-facility model, combining automated operations for large-scale Urad Dal production with semi-manual facilities for specialised Toor Dal processing, providing both scalability and flexibility.
- The company has established its presence in southern India through brands such as “MR GOLD” and “ORID GOTA.”
- Its B2B-focused business model has helped build long-term relationships with wholesalers, supermarkets, and e-commerce platforms, ensuring stable demand visibility.
- The company plans to expand its manufacturing capacity through investments in a new factory and additional plant and machinery using IPO proceeds.
- Increased production capacity may help the company strengthen its reach in the Indian packaged food market and secure larger supply contracts.
- Further automation across product categories, including Toor Dal operations, could improve operational efficiency and support better EBITDA margins over time.
Risks and Threats of M R Maniveni Foods Limited
- The company derives a major portion of its revenue from only two products, Urad Dal and Toor Dal, making the business highly dependent on a limited product portfolio. The absence of long-term customer contracts also exposes revenues to fluctuations in demand and order cancellations.
- Its profitability is closely linked to agricultural commodity prices. Any adverse weather conditions, lower crop output, or changes in government policies related to pulses can lead to raw material shortages and sharp price volatility.
- The company’s operations and sales are largely concentrated in South India. As a result, any regional economic slowdown, logistical disruption, or supply chain issue could negatively affect business performance.
- The pulses processing business generally operates on thin EBITDA and profit margins, limiting pricing flexibility. Rising raw material costs could therefore put pressure on profitability.
- Manufacturing operations are significantly dependent on its facility located in Thiruvallur, Tamil Nadu. Any disruption such as machinery breakdowns, operational shutdowns, or other unforeseen events may directly impact production and revenue generation.
- The company also faces compliance and legal risks arising from past regulatory filing discrepancies and ongoing legal proceedings involving the company and its promoters.
- In addition, the business requires substantial working capital during procurement seasons, which may increase dependence on borrowings and impact liquidity management.
