Comparison between Invicta Diagnostic IPO and SSMD Agrotech India IPO.
Invicta Diagnostic IPO is a SME Bookbuilding IPO proposed to list at NSE SME while SSMD Agrotech India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Invicta Diagnostic IPO | SSMD Agrotech India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Socradamus Capital Pvt.Ltd. | 3Dimension Capital Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Invicta Diagnostic IPO is up to ₹26.71 Cr whereas the issue size of the SSMD Agrotech India IPO is up to ₹32.20 Cr. The final issue price of Invicta Diagnostic IPO is ₹85.00 per share and of SSMD Agrotech India IPO is ₹121.00 per share.
| Invicta Diagnostic IPO | SSMD Agrotech India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹80.00 per share | ₹114.00 per share |
| Issue Price (Upper) | ₹85.00 per share | ₹121.00 per share |
| Issue Price (Final) | ₹85.00 per share | ₹121.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1000 shares |
| Fresh Issue Size | 31,42,400 shares | 26,61,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.71 Cr | up to ₹32.20 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 31,42,400 shares | 26,61,000 shares |
| Issue Size Total (Amount) | up to ₹26.71 Cr | up to ₹32.20 Cr |
Invicta Diagnostic IPO opens on Dec 01, 2025, while SSMD Agrotech India IPO opens on Nov 25, 2025. The closing date of Invicta Diagnostic IPO and SSMD Agrotech India IPO is Dec 03, 2025, and Nov 27, 2025, respectively.
| Invicta Diagnostic IPO | SSMD Agrotech India IPO | |
|---|---|---|
| Anchor Bid Date | Nov 28, 2025 | Nov 21, 2025 |
| Issue Open | Dec 01, 2025 | Nov 25, 2025 |
| Issue Close | Dec 03, 2025 | Nov 27, 2025 |
| Basis Of Allotment (Tentative) | Dec 04, 2025 | Nov 28, 2025 |
| Initiation of Refunds (Tentative) | Dec 05, 2025 | Dec 01, 2025 |
| Credit of Share (Tentative) | Dec 05, 2025 | Dec 01, 2025 |
| Listing date (Tentative) | Dec 08, 2025 | Dec 02, 2025 |
| Anchor Lockin End date 1 | Jan 02, 2026 | Dec 27, 2025 |
| Anchor Lockin End date 2 | Mar 03, 2026 | Feb 25, 2026 |
Invicta Diagnostic IPO P/E ratio is 14.51, as compared to SSMD Agrotech India IPO P/E ratio of 13.16.
| Invicta Diagnostic IPO | SSMD Agrotech India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Invicta Diagnostic Ltd.'s revenue increased by 90% and profit after tax (PAT) rose by 30% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)SSMD Agrotech India Ltd.'s revenue increased by 35% and profit after tax (PAT) rose by 388% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 90.52 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 66.69 | 67.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.51 | 13.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹106.86 Cr. | ₹104.86 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 44.28% | 130.46% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 42.00% | 100.85% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | 0.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.86 | ₹9.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 36.25% | 78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Invicta Diagnostic IPO Retail Individual Investors (RII) are offered 12,67,200 shares while in SSMD Agrotech India IPO retail investors are offered 12,67,200 shares. Qualified Institutional Buyers (QIB) are offered 5,34,400 shares in Invicta Diagnostic IPO and 27,000 shares in SSMD Agrotech India IPO.
| Invicta Diagnostic IPO | SSMD Agrotech India IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,98,400 shares | 0 shares |
| Market Maker Reservation | 1,66,400 shares | 1,56,000 shares |
| QIB | 5,34,400 shares | 27,000 shares |
| NII | 5,42,400 shares | 13,17,000 shares |
| RII | 12,67,200 shares | 13,17,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 31,42,400 shares | 26,61,000 shares |
Invicta Diagnostic IPO subscribed 4.27x in total, whereas SSMD Agrotech India IPO subscribed 1.62x.
| Invicta Diagnostic IPO | SSMD Agrotech India IPO | |
|---|---|---|
| QIB (times) | 3.51x | 5.33x |
| NII (times) | 6.96x | 0.62x |
| Big NII (times) | 7.30x | 0.21x |
| Small NII (times) | 6.27x | 1.42x |
| RII (times) | 3.44x | 2.54x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.27x | 1.62x |
