M R Maniveni Foods IPO Closes with 1.69 Times Subscription; Allotment Expected May 27
M R Maniveni Foods Ltd's initial public offering (IPO) closed with a 1.69 times subscription by May 26, 2026, with strong participation from retail and non-institutional investors. The IPO, aimed at raising Rs 27.04 crore for factory construction and machinery purchase, offered 52 lakh shares at Rs 51-52 each. The allotment is expected on May 27, with shares listing on BSE SME on June 1. Investors can check allotment status online via BSE or the registrar, Bigshare Services.