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SSMD Agrotech India IPO
₹1,14,000/1000 shares
Minimum Investment
IPO Details
25 Nov 25
27 Nov 25
₹1,14,000
1000
₹114 to ₹121
BSE
₹34.09 Cr
02 Dec 25
SSMD Agrotech India IPO Timeline
Bidding Start
25 Nov 25
Bidding Ends
27 Nov 25
Allotment Finalisation
28 Nov 25
Refund Initiation
01 Dec 25
Demat Transfer
01 Dec 25
Listing
02 Dec 25
SSMD Agrotech India Limited
House of Manohar (HOM) began as two separate proprietorships, Manohar Lal Jaigopal Agro Industries and S.S. Agro India, which later merged into Shree Dhanlaxmi Flour Mills Private Limited and were subsequently renamed SSMD Agrotech India Private Limited. The company is engaged in manufacturing, trading, and repacking a wide range of high-quality agro-food products under four brands: Manohar Agro, Super S.S., Delhi Special, and Shri Dhanlaxmi. Its portfolio includes puffed rice, Ramdana (Cholai), gram flour, matar flour, chana dal, idli rava, rice powder, and chana dal by-products such as chana chilka, chana churi, chana khanda, and chana sattu. SSMD Agrotech sells primarily through distributors across Delhi/NCR, Haryana, Uttar Pradesh, Punjab, and Uttarakhand, while also operating a direct-to-consumer (D2C) channel through its micro manufacturing unit, supported by three manufacturing facilities and one D2C dark store.
SSMD Agrotech India Limited IPO Overview
The SSMD Agrotech India IPO is a book-built issue with a total size of ₹34.09 crore, consisting entirely of a fresh issue of 0.28 crore shares. The subscription for the IPO opened on 25 November 2025 and will close on 27 November 2025, with allotment expected to be finalised on 28 November 2025. The IPO is set to list on BSE SME, with a tentative listing date of 2 December 2025. The price band is fixed between ₹114.00 and ₹121.00 per share, with a minimum application lot size of 1,000 shares, requiring a minimum retail investment of ₹2,42,000 at the upper price. High net-worth individuals (HNI) must apply for a minimum of 3 lots (3,000 shares), amounting to ₹3,63,000. 3Dimension Capital Services Ltd. is the book running lead manager, Bigshare Services Pvt. Ltd. is the registrar, and Nikunj Stock Brokers Ltd. serves as the market maker.
SSMD Agrotech India Limited IPO Details
| Particulars | Details |
| IPO Date | 25 November 2025 to 27 November 2025 |
| Listing Date | 2 December 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹121 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 28,17,000 shares (aggregating up to ₹34.09 Cr) |
| Fresh Issue | 28,17,000 shares (aggregating up to ₹34.09 Cr) |
| Offer for Sale | NA |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 58,49,129 shares |
| Share Holding Post Issue | 86,66,129 shares |
| Market Maker Portion | 1,56,000 shares |
SSMD Agrotech India Limited IPO Reservation
| Investor Category | Shares Offered |
| Market Maker Shares | 1,56,000 (5.54%) |
| QIB | 27,000 (0.96%) |
| NII (HNI) | 13,16,000 (46.72%) |
| Retail | 13,18,000 (46.79%) |
| Total | 28,17,000 (100.00%) |
SSMD Agrotech India Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,42,000 |
| Retail (Max) | 2 | 2,000 | ₹2,42,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,63,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,68,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,89,000 |
SSMD Agrotech India Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 100% |
| Post-Issue | TBD |
SSMD Agrotech India Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹9.19 (Pre), ₹8.85 (Post) |
| Price/Earnings (P/E) Ratio | 13.16 (Pre), 13.67 (Post) |
| Return on Net Worth (RoNW) | 78% |
| Net Asset Value (NAV) | ₹12.54 |
| Return on Equity | 130.46% |
| Return on Capital Employed (ROCE) | 100.85% |
| EBITDA Margin | 8.54% |
| PAT Margin | 5.42% |
| Debt to Equity Ratio | 0.88 |
| Market Capitalization | ₹104.86 Cr |
Objectives of the Proceeds
- Funding working capital requirements of the company (₹13.10 Cr).
- Repayment of certain borrowings availed by the company (₹6.83 Cr).
- Capital expenditure for setting up new D2C dark store factories (₹2.04 Cr).
- Purchase of machinery for setting up Namkeen plant (₹0.97 Cr).
- General corporate purposes for business expansion and operations.
Key Financials (in ₹ crore)
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 32.33 | 18.16 | 15.60 |
| Revenue | 99.18 | 73.45 | — |
| Profit After Tax | 5.38 | 1.10 | — |
| Reserves and Surplus | 6.39 | 0.02 | — |
| Total Borrowings | 6.07 | 7.02 | — |
SWOT Analysis of SSMD Agrotech India IPO
Strength and Opportunities
- Experienced management team with strong leadership skills.
- Diversified product portfolio including flour, dal, rava, and rice.
- Multiple manufacturing units and efficient resource utilisation.
- Strong distribution network with D2C and distributor channels.
Risks and Threats
- Dependency on regional agro-product markets can limit growth.
- Raw material price fluctuations may affect profitability.
- Regulatory changes in food safety could increase compliance costs.
- Intense competition in agro-food sector from established brands.
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Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
About SSMD Agrotech India Limited
SSMD Agrotech India Limited IPO Strengths
- Comprehensive manufacturing network across multiple locations for operational efficiency.
- Wide range of agro-food products serving both distributors and direct consumers.
- Efficient utilisation of resources to optimise cost and production capacity.
- Experienced leadership ensuring robust business strategy and execution.
- Long-term client relationships supporting repeat business and consistent revenues.
- Strong distribution network covering Delhi/NCR, Haryana, UP, Punjab, and Uttarakhand.
SSMD Agrotech India Limited Peer Comparison
| Company Name | EPS (Basic) | NAV (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| SSMD Agrotech India Ltd | 9.74 | 12.54 | — | 78.00% | — |
| Peer Group | |||||
| HOAC Foods India Ltd | 6.69 | 29.62 | 32.88 | 21.82% | 7.59 |
| Contil India Ltd | 1.63 | 7.46 | 18.28 | 18.16% | 4.14 |
| Jetmall Spices & India Ltd | -1.24 | 15.06 | -9.83 | -8.26% | 0.80 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On SSMD Agrotech India IPO
How can I apply for SSMD Agrotech India IPO?
You can apply via HDFC SKY using UPI-based ASBA during the IPO subscription period.
What is the minimum investment required for retail investors?
Retail investors must apply for a minimum of 2,000 shares costing ₹2,42,000.
Where will SSMD Agrotech India shares be listed?
The shares will list on BSE SME after allotment, refund, and demat transfer completion.
How can I check IPO allotment status?
Allotment status can be checked via HDFC SKY or registrar’s official website after finalisation.
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