M R Maniveni IPO Subscribed 1.73 Times on Day 3

No image 5paisa Capital Ltd - 2 min read

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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