M R Maniveni Foods SME IPO closes 1.69x subscribed, retail leads at 2.43x

Karnataka-based poultry processor's Rs 32.97 crore SME IPO drew 51.55 lakh share bids against 30.45 lakh offered. Retail booked 2.43x, NII 1.74x, QIB lagged at 0.59x. Price band Rs 102-108, lot 1,200 shares. Lists on BSE SME May 29; serves retail, institutional and HoReCa chicken channels.

— Filed Wed, 27 May, 2026, 08:44 IST · Source Moneycontrol · Updated

Karnataka-based poultry processor M R Maniveni Foods' Rs 32.97 crore SME IPO closed 1.69x subscribed, led by retail at 2.43x. Listing on BSE SME platform May 29; serves retail, institutional, and HoReCa chicken segments.

Why this matters

Subscription closed stronger than Day 1's 65% tepid open, with retail driving the recovery. Anchor allocation at Rs 52 had earlier signaled measured institutional appetite ahead of listing.

Retail-company signals steady at 1,234 over 90 days, showing consistent activity in the segment.

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