SSMD Agrotech India IPO

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	—