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.
What happened
M.R. Maniveni Foods · 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
Key facts
- 1.69x subscription
- 51.55 lakh shares bid
- 30.45 lakh shares offered
- Rs 32.97 crore issue
- price band Rs 102-108
- lot size 1,200
- retail 2.43x
- NII 1.74x
- QIB 0.59x
Why this matters
Maniveni's successful Rs 32.97 crore raise validates SME-tier poultry processing as a fundable category in Karnataka, opening a window for consolidation plays and channel-partnership approaches with regional HoReCa-focused protein brands.
Also reported by
- Moneycontrol · News Web — Same time