Mumbai, June 1 -- The scrip was listed at Rs 42.55, a 18.17% discount to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 44.66 and a low of Rs 42.55. About 16.76 lakh shares of the company changed hands at the counter.

M R Maniveni's IPO was subscribed 1.69 times. The issue opened for bidding on 22 May 2026 and it closed on 26 May 2026. The price band of the IPO was fixed between Rs 51 to Rs 52 per share.

The IPO comprised fresh issue of 37,30,000 equity shares. The company intends to utilize the net proceeds for construction of factory, purchase of plant and machinery and general corporate purpose.

Ahead of the IPO, M R Maniveni on 21 Ma...