M R Maniveni Foods SME IPO allotment due today; flat GMP signals tepid BSE SME debut June 1
Food products company M R Maniveni Foods finalises allotment May 27 after its ₹27.04 crore SME IPO drew 1.69x subscription at the ₹51-52 band. Grey market premium has collapsed to zero, pointing to a flat listing at the ₹52 issue price on BSE SME on June 1. Bigshare Services is registrar; Capital Square Advisors led the issue.
What happened
M.R. Maniveni Foods · Food products company M R Maniveni Foods' SME IPO allotment likely finalised May 27 after 1.69x subscription, raising ₹27.04 crore. Grey
Key facts
- ₹27.04 crore
- 52 lakh shares
- ₹51-52 price band
- 1.69x subscription
- GMP ₹0
- listing June 1
Why this matters
A muted SME IPO at ₹27 crore with weak demand signals limited acquisition currency for Maniveni and a potentially distracted management—worth monitoring as a future bolt-on target if listing disappoints.