Who is the CEO of M R Maniveni Foods Ltd?
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K. R. Manikandan is one of the key managerial personnel and serves as the Managing Director of M R Maniveni Foods Ltd.
M R Maniveni Foods Ltd is engaged in the processing, packaging, and distribution of pulses such as urad dal and toor dal for the B2B market segment. The M R Maniveni Foods IPO is scheduled to open on May 22, 2026, and close on May 26, 2026. The public issue consists of 52,00,000 shares with a price band of ₹51 to ₹52 per share. The IPO is proposed to be listed on the SME platform of BSE. The company plans to utilise the issue proceeds towards factory construction, purchase of plant and machinery, and general corporate purposes. Retail investors can apply for a minimum lot size of 4,000 shares.
M R Maniveni Foods Ltd operates in the food processing sector with a primary focus on the processing, packaging, and distribution of pulses such as urad dal and toor dal. The company caters mainly to the B2B segment and undertakes activities including procurement, cleaning, grading, and packaging of food products. Its operations are supported by quality control processes and supply chain management practices aimed at maintaining consistency in product standards. The company’s business activities are linked to demand from wholesalers, traders, and commercial buyers within the staples and packaged food segment. The company has established its presence in the pulses industry through its operational focus on dal manufacturing and distribution. Its business model is centred on maintaining business continuity and serving a diversified customer base within the food processing market. The company also states that its operations are supported by experienced management and scalable business processes. The company continues to operate within the organised pulses processing segment through its procurement, processing, packaging, and distribution activities.
Investors can apply for the M R Maniveni Foods Ltd IPO through the ASBA facility available in net banking platforms or through supported stock market applications provided by registered brokers. Applicants are generally required to log in to their trading or banking platform, select the IPO section, choose the relevant public issue, and enter the bid quantity along with the preferred price within the announced price band. Investors must also ensure that their PAN, bank account, and demat account details are linked and active before placing an application. After submission of the IPO application, the bid amount remains blocked in the applicant’s bank account until the allotment process is completed. Investors can check application status through the registrar’s platform or exchange websites after the issue closes. In case of allotment, shares are credited to the investor’s demat account, while unallotted amounts are released by the bank as per the applicable process. Applicants may review the red herring prospectus and official filings before making an investment decision.
For more details, visit the M R Maniveni Foods IPO page.
Details | Information |
IPO Date | May 22, 2026 to May 26, 2026 |
Issue Size | 52,00,000 shares (agg. up to ₹27.04 Cr) |
Price Band | ₹51 to ₹52 per share |
Lot Size | 2,000 shares |
Listing At | SME, BSE |
Market Maker | CapitalSquare Financial Services Pvt. Ltd. |
Funding for capital expenditure requirements towards construction of factory
Funding for capital expenditure requirements towards purchase of plant and machinery
General corporate purposes
Event | Date |
|---|---|
IPO Open Date | Fri, May 22, 2026 |
IPO Close Date | Tue, May 26, 2026 |
Tentative Allotment | Wed, May 27, 2026 |
Initiation of Refunds | Fri, May 29, 2026 |
Credit of Shares to Demat | Fri, May 29, 2026 |
Tentative Listing Date | Mon, Jun 1, 2026 |
Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 26, 2026 |
₹51 to ₹52 per share
Application | Lots | Shares | Amount |
Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,08,000 |
Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,08,000 |
S-HNI (Min) | 3 | 6,000 | ₹3,12,000 |
S-HNI (Max) | 9 | 18,000 | ₹9,36,000 |
B-HNI (Min) | 10 | 20,000 | ₹10,40,000 |
The M R Maniveni Foods IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Access your trading account using the trading platform.
Go to the IPO section to view active IPO listings.
Locate M R Maniveni Foods IPO in the list of available IPOs and click the ‘Apply’ button.
Specify the number of shares (lot size: 2,000 shares) within the price band of ₹51 to ₹52 per share.
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Submit the application and monitor the allotment status to check if shares have been allocated to you.
The allocation of shares in the M R Maniveni Foods IPO is structured across investor categories in line with applicable regulatory requirements. The issue provides defined reservations for qualified institutional buyers, non-institutional investors, and retail individual investors, with each category allotted a specified proportion of the net issue. The allocation structure shows the distribution of shares across various investor categories.
Investor Category | Shares Offered | ||
QIB Shares Offered | 24,52,000 | ||
− Anchor Investor Shares Offered | 14,70,000 | ||
− QIB (Ex. Anchor) Shares Offered | 9,82,000 | ||
NII (HNI) Shares Offered | 7,56,000 | ||
− bNII > ₹10L | 5,04,000 | ||
− sNII < ₹10L | 2,52,000 | ||
Retail Shares Offered | 17,32,000 | ||
Firm Reservations | |||
Market Maker Shares Offered | 2,60,000 | ||
Total Shares Offered | 52,00,000 | ||
This reservation structure reflects the categorisation and allocation approach disclosed for the issue, indicating the proportion of shares available to each investor segment.
Total Assets: Grew from ₹24.80 crore in FY23 to ₹41.12 crore as of March 2025.
Total Income: Recorded at ₹203.52 crore in March 2025, as compared to ₹119.61 crore in FY23.
Profit After Tax (PAT): Reported at ₹4.13 crore in March 2025, and ₹1.56 crore in FY23.
Net Worth: Recorded at ₹18.59 crore in March 2025 compared to ₹10.18 crore in FY23.
Reserves & Surplus: Stood at ₹4.22 crore in March 2025, as compared to ₹7.89 crore in FY23.
Total Borrowings: Stood at ₹20.46 crore in March 2025, as compared to ₹9.93 crore in FY23.
EBITDA: Stood at ₹7.82 crore in March 2025 in comparison to ₹3.72 crore in FY23.
The company reported growth in its overall business scale during the reviewed financial period, supported by higher operational activity and expansion in revenue generation.
Growth in income may indicate increased demand for the company’s food processing and distribution operations within its existing business segments.
The company's existing industry presence, customer relationships, and operational structure may support its business continuity in the packaged pulses segment.
The company’s asset base expanded over time, which may support future operational requirements, procurement activities, and distribution capabilities.
Net worth growth indicates strengthening of the company’s financial position during the reported period.
The business continues to focus on its dal processing operations, with emphasis on maintaining supply continuity and servicing B2B customers.
Borrowings increased during the period under review, indicating utilisation of external funding for business and operational requirements.
Operational earnings showed growth during the reviewed period, reflecting changes in scale of operations and business activity.
The company’s operations are concentrated primarily in the pulses segment, particularly urad dal and toor dal, which may expose the business to fluctuations in raw material availability, procurement costs, and changes in demand within the staples market.
The increase in borrowings during the reviewed financial period indicates dependence on external funding for operational and capital expenditure requirements, which may impact financial obligations and working capital management.
The company’s proposed utilisation of IPO proceeds towards factory construction and purchase of plant and machinery may support expansion in operational capacity and processing infrastructure.
Growth in business scale, expansion in income, and continued participation in the organised food processing segment may support the company’s business continuity and customer reach within the B2B pulses market.
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 |
Registrar | Lead Manager(s) |
|---|---|
Bigshare Services Pvt. Ltd. | Capital Square Advisors Pvt. Ltd. |
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/
Interested in more opportunities? Check out our Upcoming IPO section for new listings and don’t forget to check your M R Maniveni Foods IPO allotment status.
K. R. Manikandan is one of the key managerial personnel and serves as the Managing Director of M R Maniveni Foods Ltd.
The M R Maniveni Foods IPO is scheduled to open for subscription on May 22, 2026, and close on May 26, 2026. The issue is proposed to be listed on the SME platform of BSE.
M R Maniveni Foods Ltd operates in the food processing sector with a focus on the processing, manufacturing, packaging, and distribution of pulses, primarily urad dal and toor dal. The company serves customers in the B2B segment, including wholesalers and traders. Its business model is linked to demand within the staples and packaged food segment. Sustainability of the business model may depend on factors such as raw material availability, procurement efficiency, customer relationships, operational execution, and market demand within the food processing industry.
The M R Maniveni Foods IPO consists of 52,00,000 equity shares aggregating to approximately ₹27.04 crore. The issue is being offered through the book-building process on the BSE SME platform.
The ‘pre-apply’ facility generally allows investors to submit their IPO application in advance before the public issue officially opens for subscription. The application is processed once the IPO bidding window becomes active. Investors are still required to complete payment authorisation through UPI or ASBA within the applicable timelines.
The IPO has a lot size of 2,000 shares. Retail investors are required to apply for a minimum of two lots, which amounts to 4,000 shares. Based on the upper price band of ₹52 per share, the minimum application amount for retail investors is ₹2,08,000.
The tentative allotment date for the M R Maniveni Foods IPO is May 27, 2026. Investors can check the allotment status through the registrar’s website after the basis of allotment is finalised.
The registrar to the issue is Bigshare Services Pvt. Ltd. The registrar manages allotment processing, refund-related activities, and IPO application status services for investors.
No material governance concerns have been specifically highlighted in the publicly available offer documents. Investors may review the offer documents, including sections on management, board composition, and risk factors, for detailed and verified disclosures.
Investors can apply for the IPO through the ASBA facility available via net banking or through UPI-supported applications provided by registered brokers and trading platforms. Applicants are generally required to log in to their trading or banking platform, select the IPO section, enter the bid quantity and price within the price band, provide UPI details if applicable, and approve the payment mandate before the deadline.
Yes, a valid demat account is generally required to apply for the IPO, as allotted shares are credited electronically to the investor’s demat account. Investors also need an active PAN and bank account linked to the application process.
Investors can check the allotment status after the basis of allotment is finalised by visiting the registrar’s website and entering details such as PAN, application number, or DP ID/Client ID. If shares are allotted, they are credited to the investor’s demat account. In case shares are not allotted, the blocked application amount is released as per the applicable process.
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