Shares of MR Maniveni Foods are set to debut on the BSE SME platform on Monday, with grey market trends indicating a subdued listing performance. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0%, suggesting that the shares were trading around their issue price in the unofficial market ahead of listing.
The Rs 27 crore IPO was open for subscription between May 22 and May 26, while the basis of allotment was finalized on May 27. The company fixed the issue price at Rs 52 per share, the upper end of the Rs 51-52 price band. The IPO comprised a fresh issue of 52 lakh shares aggregating Rs 27.04 crore. There was no offer-for-sale component.
