Longthrive Capital funds acquire 7.97% stake in M. R. Maniveni Foods

1 min read Updated on 10 Jun 2026, 12:10 PM

Reviewed by

Riya DScanX News Team

AI Summary

Longthrive Capital VCC funds acquired a 7.97% stake in M. R. Maniveni Foods Limited via Pre-IPO and Anchor Investment, purchasing 15,60,000 shares on May 29, 2026. The disclosure, filed under SEBI regulations, confirms the acquirers are not part of the promoter group and held no prior stake. This transaction increased the company's total equity share capital to 1,95,72,400 shares.

*this image is generated using AI for illustrative purposes only.

Longthrive Capital VCC funds have acquired a 7.97% stake in M. R. Maniveni Foods Limited through Pre-IPO and Anchor Investment. The acquisition, involving 15,60,000 equity shares, was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transaction increases the total equity share capital of M. R. Maniveni Foods Limited to 1,95,72,400 shares of face value ₹10 each.

The acquirers, Longthrive Capital VCC - Trendview Capital Fund and Longthrive Capital VCC - Gamma View Funds, do not belong to the promoter or promoter group of the target company. Prior to this acquisition, the acquirers held zero shares in M. R. Maniveni Foods Limited. The shares were acquired on May 29, 2026, as per the intimation of allotment.

Acquisition Details

The disclosure outlines the specific holdings before and after the transaction. The total voting capital of the target company before the acquisition stood at 1,43,72,400 equity shares. Following the allotment, the total voting capital and total diluted share capital rose to 1,95,72,400 equity shares.

Metric	Details
Target Company	M. R. Maniveni Foods Limited
Acquirer	Longthrive Capital VCC - Trendview Capital Fund, Longthrive Capital VCC - Gamma View Funds
Shares Acquired	15,60,000
Percentage Holding	7.97%
Mode of Acquisition	Pre-IPO and Anchor Investment
Date of Allotment	29/05/2026
Face Value	₹10 each

The shares of M. R. Maniveni Foods Limited are listed on the BSE. The filing confirms that the acquirers do not hold any shares in the nature of encumbrance, nor do they hold any warrants or convertible securities other than the equity shares acquired. The total diluted share capital post-acquisition remains unchanged at 1,95,72,400 equity shares.

What is the expected timeline for M. R. Maniveni Foods Limited's IPO listing following this anchor investment?

How will the infusion of capital from Longthrive Capital be utilized to drive the company's growth strategy?

What impact will this stake acquisition have on the valuation and pricing of the upcoming IPO?

Subscription Breakdown

The Qualified Institutional Buyers (QIB) category recorded a subscription of 1 time. The Non-Institutional Investors category was divided into bHNI and sHNI segments. The bHNI segment was subscribed 2.45 times, while the sHNI segment saw a subscription of 0.83 times.

Retail and Employee Participation

The Retail Individual Investors category recorded a subscription of 1.52 times. Additionally, the Employees category subscribed 0 times, indicating no participation from this segment.

Category	Subscription Status
Qualified Institutional Buyers (QIB)	1 x
Non-Institutional Buyers (bHNI)	2.45 x
Non-Institutional Buyers (sHNI)	0.83 x
Retail	1.52 x
Employees	0 x
Total Subscribed	1.46 x

How might the modest 1.46x overall subscription rate impact M R Maniveni Foods' post-listing share price performance compared to peers with higher oversubscription rates?

What does the zero employee participation in the IPO suggest about internal sentiment toward the company's growth prospects, and could this affect investor confidence going forward?

Given the undersubscription in the sHNI segment, will M R Maniveni Foods need to revisit its pricing strategy or growth narrative to attract high-net-worth investors in future fundraising rounds?