M R Maniveni Foods IPO
Market Sentiment
IPO Details
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Market Lot Size
Financial Analysis
| Metric | 2023 | 2024 | 2025 | Dec 2025 |
|---|---|---|---|---|
| Revenue | 119.61 | 155.00 | 203.52 | 116.19 |
| Expense | 117.68 | 152.00 | 198.13 | 111.67 |
| Profit (PAT) | 1.56 | 2.18 | 4.13 | 3.34 |
| Total Assets | 24.80 | 29.02 | 41.12 | 49.92 |
| Company | P/E | EPS |
|---|---|---|
| Sameera Agro and Infra Limited | 0.71 | 11.93 |
| Jeyyam Global Food Limited | 7.96 | 4.65 |
Promoters: K R Manikandan, M Chandra and K Selvam
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,43,72,400 | 98.68% |
Strengths & Risks
- Revenue grew 56% in the latest reported year.
- Solid profit margin — 8.7%.
- Strong return on equity — 25%.
No major red flags in the available data.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Founded on June 30, 2010, M R Maniveni Foods Ltd. is involved in the processing, packaging, and distribution of food products. The company provides quality and hygienic food items to meet different customer needs. It uses modern processing methods, strong supply chain systems, and strict quality checks to maintain good taste and nutrition in its products. The company’s strengths include its long experience in the pulses industry, skilled promoters and professional management team, scalable business model, strong focus on dal manufacturing, wide B2B customer base, and smooth business operations. The main business was the trading of pulses and rice in Kerala and other southern states of India.
| Purpose | Amount (Cr) |
|---|---|
| Funding for Capital Expenditure requirements towards Construction of Factory | 12.69 |
| Funding for Capital Expenditure requirements towards purchase of Plant and Machinery. | 14.74 |
| General Corporate Purpose | 7.01 |
Resources & Documents
M R Maniveni Foods Ltd., S.No.220/3A-3B, Madhavaram-Redhills,, High Road (Near Vadaperumbakkam),, Madhavaram,, Chennai, Tamil Nadu, 600060
M R Maniveni Foods has set a price band of Rs 51–Rs 52 per share for an issue size of Rs 27 crore. The stock listed with a 18.17% discount versus its issue price on June 01, 2026.
Founded on June 30, 2010, M R Maniveni Foods Ltd. is involved in the processing, packaging, and distribution of food products.
The issue is promoted by K R Manikandan, M Chandra and K Selvam with Capital Square Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding for Capital Expenditure requirements towards Construction of Factory (Rs 13 crore) and Funding for Capital Expenditure requirements towards purchase of Plant and Machinery. (Rs 15 crore).
Current grey market activity shows a flat premium, indicating muted unofficial demand. Final subscription data records overall subscription at 1.68x, retail at 2.09x, QIB at 1.00x, NII at 1.65x.
On fundamentals, the company is posting revenue growth of 56.3%, a profit margin of 8.7%, return on equity of 25.3% in its most recent reported period. Listed peers in this segment include Sameera Agro and Infra Limited (P/E 0.71x) and Jeyyam Global Food Limited (P/E 7.96x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as an Avoid view — key indicators are weak enough that the risk-reward looks unfavourable for now. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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