New Delhi, June 1 -- M.R.Maniveni Foods IPO listing: Shares of M.R.Maniveni Foods made a disappointing debut on the BSE SME platform on Monday, 1 June, listing at an over 18% discount to the initial public offering (IPO) price.

M.R.Maniveni Foods share price listed at Rs.42.55, down Rs.9.45 or 18.17% compared with the offer price of Rs.52. Soon after listing, however, the SME stock recovered a bit. It touched the day's peak of Rs.44.66, rising almost 5% from the listing price but remained below its offer price.

The listing was significantly below expectations as signalled by the grey market premium (GMP). M.R.Maniveni Foods IPO GMP was nil, suggesting listing at no discount or premium.

M.R.Maniveni Foods IPO was open for bidding from 2...