M R Maniveni Foods Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the M R Maniveni Foods Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹52
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,04,000
Issue Size
₹27.04 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.06%
QIB Quota
49.64%
NII Quota
15.3%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
M R Maniveni Foods Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.68%
Promoter Holding (Post-Issue)
72.46%
Issue Type
Book Building - SME
ISIN
INE0YD301010
About the Company
Our Company has an established track record of over 15 years in the food industry, specializing in the milling, processing, and supply of pulses, primarily urad dal and toor dal. We commenced operations in 2010 with a focus on milling urad dal and trading a diversified range of products including urad dal, toor dal, moong dal, kabuli channa, green gram dal, coriander seeds, rice, and chillies. This product diversification enabled us to serve a wider customer base, strengthen our presence in the pulses segment, and build industry experience across multiple categories.
Industry Overview
The global food processing and handling equipment market size was valued at USD 118.43 billion in 2024 and is projected to grow from USD 124.85 billion in 2025 to USD 183.06 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period. Asia Pacific dominated the global market with a share of 30.90% in 2024. India is the fifth largest economy in the world and expected to be the fastest-growing economy among major G20 countries, with GDP growth estimated to be around 8% in FY24. The food processing sector has become a key contributor to India's economy over the past few years, thanks to progressive policy measures by the Ministry of Food Processing Industries (MoFPI). The sector has performed exceptionally well with an impressive average annual growth rate of 7.3% from 2015 to 2022.
Company History
Our Company was originally incorporated on June 30, 2010 under the name "K.R.M. Ramadevi Enterprises Private Limited" under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by the Deputy Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands, bearing Corporate Identity Number (CIN) U15313TN2010PTC076382. Pursuant to a special resolution passed by our members in Extra-Ordinary General Meeting dated April 29, 2021, the name of the Company was changed to "M. Ramadevi Enterprises Private Limited" and a fresh certificate of incorporation dated May 13, 2021 was issued to our Company by the Registrar of Companies, Chennai. Thereafter, pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on January 25, 2025, the name of our Company was changed to "M R Maniveni Foods Private Limited" and a fresh certificate of incorporation dated February 10, 2025 was issued to our Company by the Registrar of Companies, Central Processing Centre, bearing CIN U15313TN2010PTC076382. Pursuant to special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on February 11, 2025, our Company was converted from a private limited company to public limited company and consequently, the name of our Company was changed to "M R Maniveni Foods Limited" and a fresh certificate of incorporation dated February 24, 2025 was issued to our Company by the Registrar of Companies, Central Processing Centre. The present CIN of our Company is U15313TN2010PLC076382.
Growth Strategy
- Short- and long-term growth strategies
- Further strengthening our procurement network
- Continue Improvement in Operational Efficiency
- Strategic Marketing and Distribution.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of up to 52,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of M R Maniveni Foods Limited ("M R Maniveni" or "the Company" or "the Issuer") for cash at a price of Rs. 52 per equity share (including a premium of Rs. 42 per equity share) ("Issue Price") aggregating to Rs. 27.04 Crores ("the Issue") of which up to 2,60,000 equity shares aggregating to Rs. 1.35 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of up to 49,40,000 equity shares of face value of Rs.10/- each at an issue price of Rs. 52 per equity share aggregating to Rs. 25.69 Crores ("Net Issue"). The issue and the net issue will constitute 26.57% and 25.24% of the post-issue paid-up equity share capital of the company. Price Band: Rs. 52 per equity share of face value of Rs. 10 each. The floor price is 5.2 times the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company has a well-recognized Brand strength and market position.
- Company is reputed for providing high quality Dhal.
- Company is well-equipped with fully automated machinery & modern technology.
- Company adheres to food safety standards- FSSAI, ISO-22000, ZED-Bronze under MSME Scheme.
- Strong procurement & distribution network.
- The Company had received share application money in cash for certain past allotments, for which bank statements are not available, and any non-compliance or regulatory action in this regard may adversely affect the Company.
- The company has long-standing relationships with its suppliers. However, the company has not entered into any long-term contracts with suppliers for its black gram and raw pigeon pea and an increase in the cost or a shortfall in the availability of such black gram and raw pigeon pea or the company inability to leverage existing or new relationships with its suppliers could has an adverse effect on the company business and results of operations.
- The company has long-standing relationships with its customers. However, the Company, in the usual course of business does not is any long-term contracts with its customers and the company relies on purchase orders for delivery of its products. Any cancellation, modification, and postponement of its orders could materially harm the company cash flow position, revenues and earnings.
- The company has obtained the Consent to Establish ("CTE") for our proposed fully automated Toor Dal processing plant. Any delay in obtaining subsequent consents, Consent to Operates ("CTO"), or failures to comply with applicable environmental and regulatory conditions approval which may adversely affect its operations, expansion plans, and financial performance.
- The company is highly dependent on its existing milling facility located in Thiruvallur, Tamil Nadu, and any slowdown, interruption, shutdown or under-utilization of this facility may adversely affect the company business, financial condition and results of operations.