M R Maniveni Foods IPO

The price band is ₹52 per share with a lot size of 2000 shares. Minimum investment: ₹104000.

M R Maniveni Foods Limited is engaged in the milling, processing, and supply of pulses, primarily urad dal and toor dal. The company also trades in products such as moong dal, kabuli channa, green gram dal, coriander seeds, rice, and chillies. Its business mainly operates on a business-to-business (B2B) model, supplying processed pulses to retailers, wholesalers, and e-commerce platforms. The company started operations in 2010 with manual urad dal milling and later introduced automated machinery for urad dal processing in 2022. In 2023, it expanded into toor dal milling through a semi-manual process. At present, the company operates two milling facilities, including an automated unit for urad dal and a semi-manual unit for toor dal. It primarily generates revenue from the sale of urad dal and has a presence in Tamil Nadu, Karnataka, Kerala, Maharashtra, Telangana, and Madhya Pradesh.

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M R Maniveni Foods was founded by Mr K.R. Manikandan in 2010.