M R Maniveni Foods Limited IPO

Incorporated on June 30, 2010, M R Maniveni Foods Ltd operates in the food processing sector with a focus on manufacturing and supplying pulses including Urad Dal and Toor Dal.

The company emphasizes quality processing, hygienic packaging standards and efficient supply chain operations to cater to diverse customer requirements in the B2B food segment.

M R Maniveni Foods utilizes modern and semi-automatic processing techniques to improve operational efficiency and maintain product consistency. The company focuses on scalable operations supported by experienced promoters and long-standing relationships with customers.

As of April 30, 2026, the company had approximately 16 employees managing operations, production and distribution activities.

M R Maniveni IPO is a book-building SME issue aggregating to approximately Rs 27.04 Cr and consists entirely of a fresh issue of shares.

The IPO proceeds will be utilized towards construction of a factory facility, purchase of plant and machinery and general corporate purposes.

The company has reported steady growth in revenue, EBITDA and profitability over recent financial years supported by increasing demand for processed pulses and food products. Key strengths include scalable business operations, industry experience and strong B2B customer relationships.

Key risks include high competition in the food processing industry, relatively low operating margins, dependence on agricultural commodity prices and SME market liquidity risks.