M R Maniveni Foods Ltd IPO

About M R Maniveni Foods Ltd

Our Company was originally incorporated on June 30, 2010 under the name K.R.M. Ramadevi Enterprises Private Limited under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by the Deputy Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands, bearing Corporate Identity Number (CIN) U15313TN2010PTC076382. Pursuant to a special resolution passed by our members in Extra-Ordinary General Meeting dated April 29, 2021, the name of the Company was changed to M. Ramadevi Enterprises Private Limited and a fresh certificate of incorporation dated May 13, 2021 was issued to our Company by the Registrar of Companies, Chennai. Thereafter, pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on January 25, 2025, the name of our Company was changed to M R Maniveni Foods Private Limited and a fresh certificate of incorporation dated February 10, 2025 was issued to our Company by the Registrar of Companies, Central Processing Centre, bearing CIN U15313TN2010PTC076382. Pursuant to special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on February 11, 2025, our Company was converted from a private limited company to public limited company and consequently, the name of our Company was changed to M R Maniveni Foods Limited and a fresh certificate of incorporation dated February 24, 2025 was issued to our Company by the Registrar of Companies, Central Processing Centre. The present CIN of our Company is U15313TN2010PLC076382.

The global food processing and handling equipment market size was valued at USD 118.43 billion in 2024 and is projected to grow from USD 124.85 billion in 2025 to USD 183.06 billion by 2032, exhibiting a CAGR of 5.6% during the forecast period. Asia Pacific dominated the global market with a share of 30.90% in 2024. India is the fifth largest economy in the world and expected to be the fastest-growing economy among major G20 countries, with GDP growth estimated to be around 8% in FY24. The food processing sector has become a key contributor to India's economy over the past few years, thanks to progressive policy measures by the Ministry of Food Processing Industries (MoFPI). The sector has performed exceptionally well with an impressive average annual growth rate of 7.3% from 2015 to 2022.

Over more than 15 years in food industry, we specialize in manufacturing and/or processing and supply of Urad Dal and Toor Dal. Over the period of years, our Company is continuously engaged in the B2C business of Urad Dal and Toor Dal. We adhere to standard practices and strictly abide by statutory norms. Our Company has obtained FSSAI License for our Factory location and ensures ISO 9001: 2015 and ISO 22000:2018 standards are complied. Basic raw material that is used in Dal mill is whole black gram and whole toor (pigeon pea) which are directly procured from suppliers who are Dal importers. Presently our Urad Dal plant is automated plant with the use of advanced machineries and technology and Toor Dal plant is manual.

Strengths

Risk

Strategy