M R Maniveni Foods IPO
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M R Maniveni Foods IPO details
Schedule of M R Maniveni Foods
| Issue open date | 22 May 2026 |
| Issue close date | 26 May 2026 |
| UPI mandate deadline | 26 May 2026 (5 PM) |
| Allotment finalization | 27 May 2026 |
| Refund initiation | 29 May 2026 |
| Share credit | 29 May 2026 |
| Listing date | 01 Jun 2026 |
| Mandate end date | 10 Jun 2026 |
| Lock-in end date for anchor investors (50%) | 25 Jun 2026 |
| Lock-in end date for anchor investors (remaining) | 24 Aug 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About M R Maniveni Foods
M R Maniveni Foods Limited is a Chennai-based food processing company engaged in the milling, processing, and supply of pulses, mainly urad dal and toor dal. The company has over 15 years of experience in the food industry and operates in the business-to-consumer (B2C) segment. It initially started with urad dal milling and later expanded its product range to include toor dal, moong dal, kabuli channa, green gram dal, coriander seeds, rice, and chillies. The company currently operates dedicated milling facilities, including an automated unit for urad dal processing and a semi-manual unit for toor dal. Revenue is generated primarily through the sale of these food products. M R Maniveni Foods has also invested in automation to improve production efficiency, consistency, and quality standards, while maintaining compliance with FSSAI and ISO standards.
Financials of M R Maniveni Foods
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 27.04 |
| Fresh Issue – Proceeds go to the company | 27.04 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Construction of a new factory | 12.69 (47%) |
| Purchase of plant & machinery | 14 (50%) |
| General corporate purposes | 0.74 (2.74%) |
Strengths
- The company has over 15 years of experience in the pulses processing industry.
- It operates automated and semi-manual milling facilities for urad dal and toor dal.
- The company has diversified its product portfolio across multiple food products and pulses.
- It follows FSSAI and ISO quality standards for food processing operations.
- The company has expanded production capacity through investments in automation and new facilities.
Risks
- The business depends heavily on the availability and pricing of black gram and pigeon pea.
- High working capital needs during procurement seasons may affect operations and growth.
- Any failure in maintaining product quality standards may harm the company’s reputation.
- Climate disruptions and poor agricultural output can impact raw material supply.
- The company is subject to restrictive conditions under its financing and borrowing agreements.