M R Maniveni Foods Limited is engaged in the milling, processing, and supply of pulses, mainly Urad Dal and Toor Dal. The company has an established track record of over 15 years in the food industry and started its operations in 2010 with a focus on urad dal milling and trading of pulses and food grains.
The company operates mainly on a B2B business model, supplying processed pulses to large-format retailers, wholesalers, and e-commerce platforms, who further sell these products to end consumers. Its focus is on offering clean, well-milled, hygienic, and contamination-free dal products with consistent quality.
M R Maniveni Foods operates two dedicated milling facilities. It has an automated unit for Urad Dal, equipped with advanced machinery for efficient large-scale production, and a semi-manual unit for Toor Dal, which provides flexibility in processing and production planning.
The company emphasizes quality assurance, statutory compliance, and safe food processing practices to meet customer expectations. As of April 30, 2026, the company had approximately 16 employees working across various departments.
M R Maniveni Foods IPO – Details
| IPO Opening Date | 22 May 2026 |
| IPO Closing Date | 26 May 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 52,00,000 Shares Worth ₹27.04 Crore Fresh Issue: 52,00,000 Shares Worth ₹27.04 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹51 – ₹52 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt. Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
M R Maniveni Foods IPO – Date Schedule
| IPO Open Date | 22 May 2026 |
| IPO Close Date | 26 May 2026 |
| Basis of Allotment | 27 May 2026 |
| Initiation of Refund | 29 May 2026 |
| Credit of Shares to Demat | 29 May 2026 |
| IPO Listing Date | 01 June 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 26, 2026 |
M R Maniveni Foods IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4000 | ₹2,08,000 |
| Retail (Max) | 2 | 4000 | ₹2,08,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,12,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,36,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,40,000 |
Competitive Strength
- Longstanding presence in the pulses industry.
- Experienced Promoters and Professional Management.
- Scalable Business Model.
- Focused on Manufacturing of Dal.
- Wide range of Customers in B2B segment.
- Smooth Flow of Operations.
Company Promoters
- K R Manikandan
- M Chandra
- K Selvam
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2023 | ₹119.61 Cr | ₹117.68 Cr | ₹1.56 Cr | ₹9.93 Cr |
| 31 March 2024 | ₹155.00 Cr | ₹152.00 Cr | ₹2.18 Cr | ₹15.00 Cr |
| 31 March 2025 | ₹203.52 Cr | ₹198.13 Cr | ₹4.13 Cr | ₹20.46 Cr |
| 31 December 2025 | ₹116.19 Cr | ₹111.67 Cr | ₹3.34 Cr | ₹22.40 Cr |
Key Performance Indicator
| KPI | Values (Dec 31, 2025) |
|---|---|
| ROE | 16.48% |
| ROCE | 12.58% |
| Debt/Equity | 1.02 |
| RoNW | 16.92% |
| PAT Margin | 2.87% |
| EBITDA Margin | 5.74% |
| Price to Book Value | 3.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.87 | 2.27 |
| P/E (x) | 18.11 | 22.87 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding for Capital Expenditure requirements towards the construction of the factory. | ₹12.69 |
| Funding for Capital Expenditure requirements towards the purchase of Plant and Machinery. | ₹13.61 |
| General corporate purposes. | – |
✅Strengths
- Longstanding presence in pulses industry.
- Experienced promoters and professional management.
- Scalable B2B business model.
- Focused product portfolio of Urad Dal and Toor Dal.
- Automated Urad Dal milling unit gives efficiency and quality advantage.
- Integrated model of milling and trading supports flexibility.
⚠️Risks
- No long-term supplier contracts for black gram and raw pigeon pea.
- No long-term customer contracts; business depends mainly on purchase orders.
- High dependence on Urad Dal and Toor Dal sales.
- Manufacturing facilities are concentrated at Thiruvallur, Tamil Nadu.
- Raw material price volatility and seasonal availability may affect margins.
- Past ROC filing discrepancies and compliance issues may lead to penalties.
M R Maniveni Foods IPO Promoter Holding
| Pre-Issue Share Holding | 98.68% |
| Post Issue Share Holding | – |
M R Maniveni Foods IPO Prospectus
Company Contact Information
| M R Maniveni Foods Limited S.No.220/3A-3B, Madhavaram-Redhills, High Road (Near Vadaperumbakkam), Madhavaram, Chennai, Tamil Nadu, 600060 Phone: +91-9840777269 Email: cs@mrgolddhall.com Website: https://www.mrgolddhall.com/ |
M R Maniveni Foods IPO Registrar
| Bigshare Services Pvt. Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshare.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
M R Maniveni Foods IPO Lead Manager(s)
| 1. Capital Square Advisors Pvt. Ltd. |
M R Maniveni Foods IPO FAQ
| What is the M R Maniveni Foods IPO? M R Maniveni Foods IPO is an SME IPO. The issue is priced at ₹51 – ₹52 per equity share. The IPO is to be listed on BSE SME. |
| When will M R Maniveni Foods IPO open? The IPO is to open on 22 May 2026 for QIB, NII, and Retail Investors. |
| What is M R Maniveni Foods IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the M R Maniveni Foods IPO Size? M R Maniveni Foods IPO size is ₹27.04 Crore. |
| What are the M R Maniveni Foods IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,08,000, while the maximum bid is 4000 Shares for ₹2,08,000. |
| What is the M R Maniveni Foods IPO Allotment Date? M R Maniveni Foods IPO allotment date is 27 May 2026. |
| What is the M R Maniveni Foods IPO Listing Date? M R Maniveni Foods IPO listing date is 01 June 2026. The IPO is to be listed on the BSE SME. |
