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₹52 - 52
M R Maniveni Foods Ltd
FMCGIPOSME
₹52 - 52
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.
Lot2,000Min Invest₹2,08,000Face Value₹10Issue Size₹27 CrFresh Issue₹27 CrListing Price₹43CMP₹25
Timeline
22 May
Bidding opens
26 May
Bidding closes
27 May
Allotment
29 May
Refund & demat credit
1 Jun
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹27 Cr0.52 Cr shares
Fresh Issue₹27 Cr
Face Value₹10
Lot Size2,000 shares
ReservationQIB 49.64% · NII 15.3% · RETAIL 35.06%
Application Sizes
Retail₹2,08,0001-1 lots
sNII₹2,08,000from 2 lots
bNII₹10,40,000from 10 lots
Managers & Registrar
Lead ManagerCapitalsquare Advisors Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group98.68%72.46%Public1.32%27.54%
Objects of the Issue
- Funding for Capital Expenditure requirements towards Construction of Factory
- Funding for Capital Expenditure requirements towards purchase of Plant and Machinery
- General Corporate Purpose
Anchor Book
Bid Date21-May-2026Shares14,70,000Amount₹8 Cr30-day lock-in25-Jun-202690-day lock-in24-Aug-2026
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 71 | 120 | 155 | 203 | 170 |
| Operating ProfitCr | 2 | 4 | 5 | 8 | 8 |
| OPM% | 3.4 | 3.2 | 3.3 | 3.8 | 4.6 |
| PBTCr | 1 | 2 | 3 | 5 | 5 |
| PATCr | 1 | 2 | 2 | 4 | 4 |
| EPS | 37 | 71 | 2 | 3 | 3 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 | 14 | 14 |
| ReservesCr | 6 | 9 | 10 | 4 | 8 |
| BorrowingsCr | 11 | 10 | 15 | 20 | 22 |
| Total AssetsCr | 25 | 25 | 29 | 40 | 54 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | - | 2 | -4 | 8 | 6 |
| Investing Cash FlowCr | - | 0 | -1 | -9 | -5 |
| Financing Cash FlowCr | - | -1 | 4 | 1 | -2 |
| Net Cash FlowCr | - | 0 | -1 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
- Prospective business plans.
Strategies · as stated in the DRHP
- Short- and long-term growth strategies
- Further strengthening our procurement network
- Continue Improvement in Operational Efficiency
- Strategic Marketing and Distribution.
Risks · as stated in the DRHP
- 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.
- The company is significantly dependent on the sale of Toor Dal and Urad Dal, and any decline in demand for these products could adversely impact its business, financial condition, results of operations and cash flows.