The SME IPO of MR Maniveni Foods will open for subscription on Friday, with grey market activity indicating muted sentiment ahead of the issue launch. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0%, suggesting no premium over the issue price in the unofficial market.
The BSE SME issue aims to raise around Rs 27.04 crore through an entirely fresh issue of 52 lakh equity shares. The IPO will open for subscription on May 22 and close on May 26. Shares are tentatively scheduled to list on the BSE SME platform on June 1. The company has fixed the price band at Rs 51-52 per share.