M R Maniveni Foods IPO limps to 65% on Day 1 with flat GMP, retail leads tepid demand
The dal-focused packaged foods player's ₹27.04 crore SME IPO at ₹51-52 band drew muted Day 1 interest at 65% overall subscription. Retail booked 68% and NIIs nudged past 1.03x, while QIBs sat at 31%. Grey market premium held flat at zero, signalling soft listing expectations for the small-cap food brand.
M R Maniveni Foods, a dal-focused food products company, opened its ₹27.04 crore IPO at ₹51-52 price band. Day 1 saw 65% subscription with NIIs leading at 1.03x; GMP flat at zero premium.