M R Maniveni Foods IPO- Company Analysis
M R Maniveni Foods IPO under the SME IPO category is a bookbuild issue of Rs. 27.04 Cr by M R Maniveni Foods Limited and is involved in the distribution, packaging, and processing of food items.
The company's main goal is to provide clean, safe, and high-quality food items that satisfy a wide range of customer tastes.
To guarantee uniform flavor and nutrition throughout its product line, it places a strong emphasis on cutting-edge processing methods, reliable supply chain procedures, and stringent quality control.
M R Maniveni Foods IPO Details
The M R Maniveni Foods IPO date of opening is 22 May 2026, its initial public offering will end on 26 May, IPO allotment on May 27 and refund initiation on May 29, 2026.
The Rs. 27.04 crore new SME IPO comprises a wholly fresh issue of 0.52 crore shares.
The M R Maniveni Foods IPO listing date (expected) might be Monday, Jun 01, 2026, and listing at the BSE and SME.
The M R Maniveni Foods IPO price band is Rs. 51 to Rs. 52.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
May 22, 2026 |
|
IPO Closing Date |
May 26, 2026 |
|
IPO Allotment Date |
May 27, 2026 |
|
Refund Initiation |
May 29, 2026 |
|
IPO Listing Date |
Jun 01, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
41.12 |
29.02 |
24.80 |
|
Total Income |
203.52 |
155.00 |
119.61 |
|
Profit After Tax |
4.13 |
2.18 |
1.56 |
|
EBITDA |
7.82 |
5.05 |
3.72 |
|
Net Worth |
18.59 |
12.36 |
10.18 |
|
Reserves and Surplus |
4.22 |
10.07 |
7.89 |
|
Total Borrowing |
20.46 |
15.00 |
9.93 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
332.64 |
(317.49) |
170.62 |
|
Net Cash Flow Investing Activities |
(951.26) |
(79.62) |
(37.24) |
|
Net Cash Flow Financing Activities |
614.28 |
401.72 |
(135.26) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
-
Funding for Capital Expenditure requirements towards the construction of the factory. ~ Rs. 12.69 Cr.
-
Funding for Capital Expenditure requirements towards the purchase of Plant and Machinery. ~ Rs. 13.61 Cr.
-
General Corporate Purposes.
Listed Peers of M R Maniveni Foods Ltd.
|
Company Name |
Face Value (₹) |
EPS (₹) |
P/E Ratio |
|
Sameera Agro and Infra Limited |
10 |
11.93 |
0.71 |
|
Jeyyam Global Food Limited |
5 |
4.65 |
7.96 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
26.67% |
|
ROCE |
17.14% |
|
Debt/Equity |
1.10 |
|
RoNW |
27.61% |
|
PAT Margin |
2.03% |
|
EBITDA Margin |
3.84% |
|
Price to Book Value |
4.14 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 2.96 from the last year, the resulting P/E ratio is 17.56x.
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IPO's Strengths
-
Longstanding presence in the pulses industry.
-
Experienced Promoters and Professional Management.
-
Scalable Business Model.
-
Focused on the manufacturing of Dal.
IPO's Weaknesses
-
Longstanding presence in the pulses industry
-
Experienced promoters and management team
-
Scalable business model.
M R Maniveni Foods IPO GMP (Grey Market Premium)
M R Maniveni Foods IPO GMP today is Rs. 0 as of 20 May 2026, while writing this information. A price band set at Rs. 52 suggests that the estimated listing price of the IPO could be around Rs. 52, indicating a gain/loss of 0%.
M R Maniveni Foods IPO Summary
|
IPO Opening & Closing Date |
22 May, 2026 to 26 May, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 51 to Rs. 52 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
52,00,000 Shares (Rs. 27 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
49,40,000 Shares (Rs. 26 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Bigshare Services Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,08,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 3,12,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
M R Maniveni Foods IPO Allotment Status
To check the M R Maniveni Foods IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of M R Maniveni Foods Ltd.
-
K R Manikandan
-
M Chandra
-
K Selvam
|
Pre-Issue Promoter Shareholding |
98.68% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
Capital Square Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend since its incorporation.
Conclusion
M R Maniveni Foods IPO shows strong revenue growth and improving profitability, but investors should note its high Debt/Equity ratio and thin PAT margin before applying. The IPO is a fresh issue, and the funds will mainly be used for factory construction and plant machinery, which may support future business expansion. However, with a P/E ratio of 17.56x and GMP at ₹0, investors should compare valuation, financial risks, and SME IPO liquidity carefully before making a decision.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
