M.R.Maniveni Foods stumbles on BSE SME debut, lists at 18% discount to ₹52 IPO price
The Indian food processing and packaging company opened at ₹42.55, an 18.17% discount to its ₹52 issue price, after its ₹27 crore IPO drew tepid 1.51x overall subscription. Retail booked 2.06x and NII 1.88x, but weak demand translated into a soft listing.
What happened
M.R. Maniveni Foods · M.R.Maniveni Foods, an Indian food processing and packaging company, made a weak BSE SME debut listing at ₹42.55, an 18% discount to its
Key facts
- ₹42.55 listing price
- 18.17% discount
- ₹52 offer price
- ₹27 crore raise
- 1.51x subscribed
- 2.06x retail
- 1.88x NII
Why this matters
Distressed SME listings in food processing open a window for strategic acquirers to scout undervalued packaging and processing assets at compressed multiples.