SSMD Agrotech India IPO Allotment Status Live Today: Steps to Check Status on BSE and Registrar Website

New Delhi, November 28: SSMD Agrotech India IPO allotment status is expected to be finalised today, on November 28. Investors who applied to the IPO can check their status by visiting the BSE portal, or through the website of the registrar, which is Bigshare Services Private Limited.

How to Check SSMD Agrotech India IPO Allotment Status on BSE

Step 1: Visit: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select Equity as the issue type.

Step 3: Choose SSMD Agrotech India Limited from the dropdown menu.

Step 4: Enter your Application Number or PAN.

Step 5: Complete the security captcha.

Step 6: Click on Search to view your allotment status.

How to Check SSMD Agrotech India IPO Allotment Status on Bigshare Services (Registrar)

Step 1: Visit: https://www.bigshareonline.com/ipo_allotment_status.aspx

Step 2: Select SSMD Agrotech India Limited from the dropdown list.

Step 3: Choose any one of the three search options: Application Number, or DPID/Client ID, or PAN

Step 4: Enter the required details.

Step 5: Click on Submit to view the allotment result.

Key Details About SSMD Agrotech India IPO

The ₹34.09 crore SSMD Agrotech India IPO is entirely a fresh issue of 0.28 crore shares of ₹34.09 crore. SSMD Agrotech India IPO price band is set at ₹114 to ₹121 per share. The lot size is 1,000 shares per application, with a minimum investment amount by a retail investor of ₹2,42,0000 (2,000 shares) at the upper price band. The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹3,63,000. 3Dimension Capital Services Ltd. is the book running lead manager, and Bigshare Services Pvt.Ltd is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd.

SSMD Agrotech India IPO Subscription Status

SSMD Agrotech India IPO was subscribed by a total of 1.62 times. QIBs subscribed to the IPO with the highest factor of 5.33 times, retail investors by 2.54 times, and Non-Institutional Buyers by 0.62 times. Overall, the IPO received bids for 43,09,000 shares, against 26,61,000 shares on offer.

SSMD Agrotech India IPO: Utilisation of Funds

The company will utilise ₹13.10 crore for funding working capital requirements. It will use ₹6.83 crore for repayment of certain borrowings, ₹2.04 crore for setting up new D2C dark stores, ₹0.97 crore for purchasing machinery for setting up a namkeen plant, and the remaining for general corporate purposes.

What’s Next for SSMD Agrotech India IPO?

The allotment status for SSMD Agrotech India IPO is expected today. The company is expected to credit the shares and initiate refunds on December 1. The IPO has received strong demand from investors, especially QIBs and retail investors. Going forward, investors will be hoping for a stellar listing on BSE SME, which is expected on December 2.

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