The MR Maniveni Foods IPO opens for subscription today, May 22, and will remain available until May 26, 2023. The company aims to raise approximately ₹27.04 crore by issuing 52 lakh equity shares at a price band of ₹51-52 per share. Shares are tentatively scheduled to list on the BSE SME platform on June 1, 2023. Retail investors are required to apply for a minimum of two lots, translating into a minimum investment of ₹2.08 lakh at the upper end of the price band, while high net-worth investors must apply for at least three lots, amounting to ₹3.12 lakh. Despite the active SME primary market, the grey market premium is currently at 0%, indicating a lack of enthusiasm among informal market participants regarding potential listing gains. This muted sentiment comes as MR Maniveni Foods seeks to raise funds primarily for growth and business expansion in the food products segment. Capital Square Advisors serves as the book-running lead manager, with Bigshare Services acting as the registrar and CapitalSquare Financial Services as the market maker for the IPO.