M R Maniveni IPO Subscribed 1.73 Times on Day 3
Last Updated: 26th May 2026 - 05:45 pm
M R Maniveni Foods Limited's initial public offering (IPO) closed its three-day subscription window at 1.73 times overall subscription by 4:59 PM on Day 3 (May 26, 2026). The ₹27.04 crore book-build issue, priced at ₹51 to ₹52 per share, received bids for 60,20,000 shares against 34,70,000 shares on offer, with total applications reaching 982.
Subscription Status of M R Maniveni IPO
| Date | QIB (Ex-Anchor) | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (May 22) | 1.00 | 1.66 | 0.89 | 1.09 |
| Day 2 (May 25) | 1.00 | 1.57 | 1.53 | 1.39 |
| Day 3 (May 26) | 1.00 | 1.88 | 2.09 | 1.73 |
Here are the subscription details for M R Maniveni Day 3, as of 5:14 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Anchor Investors | 1.00 | 14,70,000 | 14,70,000 | 7.64 |
| Market Maker | 1.00 | 2,60,000 | 2,60,000 | 1.35 |
| QIB (Ex-Anchor) | 1.00 | 9,82,000 | 9,82,000 | 5.11 |
| NII | 1.88 | 7,56,000 | 14,18,000 | 7.37 |
| Individual Investors | 2.09 | 17,32,000 | 36,20,000 | 18.82 |
| Total | 1.73 | 34,70,000 | 60,20,000 | 31.30 |
Key Highlights – Day 3
- Overall subscription reached 1.73 times, improving from Day 2's 1.39 times, with individual investor demand crossing full subscription on the final day.
- Individual investors led at 2.09 times, improving from Day 2's 1.53 times, reflecting steady retail demand for this pulses processing SME IPO.
- Non-institutional investors improved to 1.88 times from Day 2's 1.57 times, with bNII at 2.10 times and sNII at 1.44 times.
- Qualified institutional buyers (ex-anchor) maintained full subscription at 1.00 times throughout all three days.
Key Highlights – Day 2
- Overall subscription reached 1.39 times, improving from Day 1's 1.09 times.
- Individual investors crossed full subscription at 1.53 times, improving from Day 1's 0.89 times.
- Non-institutional investors declined marginally to 1.57 times from Day 1's 1.66 times, with bNII at 1.94 times and sNII at 0.83 times.
- Qualified institutional buyers (ex-anchor) held steady at 1.00 times, unchanged from Day 1.
Key Highlights - Day 1
- Overall subscription crossed full subscription at 1.09 times on Day 1 (May 22, 2026), reflecting strong initial investor interest in this pulses processing SME IPO.
- Non-institutional investors led opening participation at 1.66 times, with bNII at 2.45 times and sNII at 0.06 times on Day 1.
- Qualified institutional buyers (ex-anchor) achieved full subscription at 1.00 times on the opening day.
- Individual investors recorded 0.89 times on Day 1.
- Anchor investors fully subscribed their allocation of ₹7.64 crores on May 21, 2026.
About M R Maniveni Foods Limited
Incorporated on June 30, 2010, M R Maniveni Foods Limited is engaged in the processing, packaging, and distribution of food products, with a product portfolio focused on Urad Dal and Toor Dal. The company operates on a B2B model, serving a wide range of customers in the pulses segment, and emphasises modern processing techniques, robust supply chain practices, and strict quality control.
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