M R Maniveni Foods IPO Launches on May 22: Get All the Essential Details Here!

M R Maniveni Foods, established in 2010, is set to launch its IPO on the BSE SME platform from May 22 to May 26, 2026. The company focuses on the manufacturing and processing of pulses, specifically urad dal and toor dal. They aim to raise between INR 26.52 crore and INR 27.04 crore by offering 52,00,000 shares at an issue price ranging from INR 51 to INR 52 per share. The company has a well-defined operational footprint across India, generating significant revenue from states like Tamil Nadu, Karnataka, and Kerala. Given its established presence and consistent revenue growth over the past years, investors may find the IPO appealing.

As of now, there has not been any specific information released regarding the grey market sentiment for M R Maniveni Foods’ IPO. However, given its strong financial performance—indicated by a notable increase in revenue and net income over the past few years—market anticipation could build up as the IPO date approaches. The company reported a revenue increase from INR 119.58 crore in FY 2023 to INR 203.48 crore in FY 2025, signaling robust growth in its business operations and potential investor interest.

For Indian investors, the M R Maniveni Foods IPO presents an opportunity to invest in a company with a solid operational model and financial performance indicators. As the company is seeking to expand its market presence and enhance its operational capabilities, participation in the IPO could yield rewarding returns, especially for those looking to invest in the food processing sector, which remains resilient in India. Monitoring market trends and grey market movements will be crucial for potential investors seeking to maximize their investment outcomes.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)