MR Maniveni Foods Ltd shares settled more than 4 per cent lower on their market debut on the BSE SME platform on Monday after listing at a discount to the issue price.
The stock listed at Rs 42.55 per share on the BSE, reflecting a discount of about 18 per cent to its initial public offering (IPO) price of Rs 52 per share.
Shares of the company later settled at Rs 40.65 per share, down 4.47 per cent from the listing price.
However, buying interest emerged in the counter after the weak debut, helping the stock recover part of its losses. During the session, it climbed to a high of Rs 44.66 per share, nearly 5 per cent above its listing price.
MR Maniveni Foods' Rs 27.04-crore IPO was priced in the range of Rs 51-52 per share.
The public issue comprised a fresh issue of 52 lakh equity shares aggregating Rs 27.04 crore. There was no offer-for-sale component.
Incorporated in 2010, MR Maniveni Foods is engaged in the processing, packaging and distribution of food products. The company primarily operates in the urad dal and toor dal segments and supplies its products mainly to business-to-business customers.
According to the company, it focuses on quality control, modern processing techniques and supply chain management to maintain product consistency and food safety standards.
As of April 30, 2026, the company had a workforce of around 16 employees.
