M R Maniveni IPO Subscription Status Day-1: Live Bidding

M R Maniveni Foods IPO subscription opened on Friday, May 22, 2026 and will close on May 26, 2026. The company plans to raise around ₹27.04 crores through the IPO issue. The investor allocation includes 35% reserved for retail investors, 50% for QIBs, and 15% for NII investors. The price band for the M R Maniveni Foods IPO has been fixed at ₹51 to ₹52 per equity share.

The minimum market lot for the M R Maniveni Foods IPO is 4,000 shares with an application amount of ₹2,08,000. The issue is categorized as an SME IPO and is proposed to be listed on BSE SME.

M R Maniveni Foods IPO Subscription Status – Day 1

Company overview

M.R. Maniveni Foods Limited is a Chennai-based food processing company engaged in the trading, processing, and distribution of pulses, rice, and grains across India. The business traces its roots back to 1950 when Mr. K. Ramasamy started trading pulses and rice in Sankarankovil, Tamil Nadu. Over the decades, the company expanded steadily through multiple business entities including K R Kandamani Industries, K.R.M. Ramadevi Traders, and K.R.M. Manikrishna Traders. With continuous growth and strong market presence in Tamil Nadu and Kerala, the company eventually incorporated M.R. Maniveni Foods Limited in 2010 to strengthen its operations and expand its reach in the food industry.

The company focuses on delivering hygienically processed and high-quality food products using advanced processing technology while maintaining traditional taste and nutritional value. Led by Managing Director Mr. K.R. Manikandan and supported by an experienced management team, the company has developed a strong reputation in the pulses and grains segment. Its operations are supported by modern milling facilities and long-standing relationships across southern India. M.R. Maniveni Foods Limited remains committed to offering healthy, affordable, and preservative-free food products while continuously improving quality standards and operational efficiency.