Bookbuilding IPO | ₹34 Cr | Listed at BSE SME | Tue, Nov 25, 2025 - Thu, Nov 27, 2025
SSMD Agrotech India IPO is a book build issue of ₹34.09 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹34.09 crore.
SSMD Agrotech India IPO bidding started from Nov 25, 2025 and ended on Nov 27, 2025. The allotment for SSMD Agrotech India IPO was finalized on Nov 28, 2025. The shares got listed on BSE SME on Dec 2, 2025.
SSMD Agrotech India IPO is set final issue price at ₹121 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,42,000 (2,000 shares) (based on upper price). The minimum lot size for investment in 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..
Refer to SSMD Agrotech India IPO RHP for detailed Information.
IPO Open
Tue, Nov 25, 2025
IPO Close
Thu, Nov 27, 2025
Issue Price
₹121 per share
Market Cap (Pre-IPO)
₹104.86 Cr
| IPO Date | 25 to 27 Nov, 2025 |
| Listed on | Tue, Dec 2, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹114 to ₹121 |
| Issue Price | ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,17,000 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 1,56,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 26,61,000 shares (agg. up to ₹32 Cr) |
| Net Offered to Public | 26,61,000 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 58,49,129 shares |
| Share Holding Post Issue | 86,66,129 shares |
| BSE Script Code | 544621 |
| ISIN | INE1U2R01013 |
SSMD Agrotech India IPO comprises a total issue size of 28,17,000 shares. The net offer to the public is 26,61,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 27,000 (1.01%) are allocated to QIB, 13,17,000 (49.49%) allocated to NII 13,17,000 (49.49%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 27,000 | 1.01% | 0.96% |
| NII (HNI) Shares Offered | 13,17,000 | 49.49% | 46.75% |
| − bNII > ₹10L | 8,78,000 | 31.17% | |
| − sNII < ₹10L | 4,39,000 | 15.58% | |
| Retail Shares Offered | 13,17,000 | 49.49% | 46.75% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.54% | |
| Total Shares Offered | 28,17,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,42,000 |
| Individual investors (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 |
House of Manohar (HOM) originally started as two separate proprietorship firms i.e. Manohar Lal Jaigopal Agro Industries and S.S Agro India, later merged as Shree Dhanlaxmi Flour Mills Private Limited, then renamed to SSMD Agrotech India Private Limited.
SSMD Agrotech India Ltd is engaged in the manufacturing, trading, and repacking of a wide array of high-quality agro-food products. The company operates under four brands: Manohar Agro, Super S.S., Delhi Special, Shri Dhanlaxmi
Its product portfolio include Puffed Rice, Ramdana (Cholai), Gram Flour, Matar Flour, Chana Dal, Idli Rava, Rice Powder, and several by-products of Chana Dal like Chana Chilka, Chana Churi, Chana Khanda, and Chana Sattu.
The company primarly sells products through a network of distributors across Delhi/NCR, Haryana, Uttar Pradesh, Punjab, and Uttarakhand. Additionally, it also sells products directly to consumers (D2C) through micro manufacturing unit.
It has 3 manfuacturing facilities and 1 D2C dark stores.
Competitive Strengths
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.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 32.33 | 18.16 | 15.60 |
| Total Income | 52.13 | 99.18 | 73.45 |
| Profit After Tax | 3.84 | 5.38 | 1.10 |
| EBITDA | 5.79 | 8.47 | 3.23 |
| NET Worth | 10.76 | 6.92 | 1.33 |
| Reserves and Surplus | 4.91 | 6.39 | 0.02 |
| Total Borrowing | 6.88 | 6.07 | 7.02 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Working capital Requirement of the Company | 13.10 |
| 2 | Repayment of portion of certain Borrowings availed by our Company | 6.83 |
| 3 | Capital Expenditure to be incurred by the Company for the setting up of new D2C dark Store factories | 2.04 |
| 4 | Capital Expenditure to be incurred by the Company For purchase of machinery for setting up of Namkeen Plant | 0.97 |
| 5 | General Corporate Purpose | 5.10 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 130.46% |
| ROCE | 100.85% |
| Debt/Equity | 0.88 |
| RoNW | 78% |
| PAT Margin | 5.42% |
| EBITDA Margin | 8.54% |
| Price to Book Value | 9.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.19 | 8.85 |
| P/E (x) | 13.16 | 13.67 |
| Promoter Holding | 100% | 67.49% |
| Market Cap | ₹104.86 Cr. |
The SSMD Agrotech India IPO is subscribed 1.62 times on November 27, 2025 3:35:33 PM (Day 3). The public issue subscribed 2.54 times in the individual investors category, 5.33 times in the QIB category, and 0.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 5.33 | 27,000 | 1,44,000 | 0 |
| NII* | 0.62 | 13,16,000 | 8,11,000 | 0 |
| bNII (bids above ₹10L) | 0.21 | 8,77,000 | 1,87,000 | |
| sNII (bids below ₹10L) | 1.42 | 4,39,000 | 6,24,000 | |
| Individual Investor | 2.54 | 13,18,000 | 33,54,000 | 0 |
| Total | 1.62 | 26,61,000 | 43,09,000 | 1,899 |
Total Application : 1,899
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLM (including any underwriting commission, brokerage, and selling commission) | 5.11 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising, Marketing Expenses, and Printing Expenses | 0.26 |
| 4 | Fees Payable to Legal Advisor to the Issue | 0.02 |
| 5 | Fees payable for Secreterial and Financial Due Diligence | 0.10 |
| 6 | Fees payable for Secretarial Work | 0.15 |
| 7 | Fees Payable to Regulators including Stock Exchange and other Intermediaries | 0.16 |
| 8 | Fees payable to Peer Review Auditor | 0.07 |
| 9 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 10 | Fees Payable to Monitoring Agency | 0.06 |
| 11 | Others, if any (Commission/processing fee for SCSBs, Sponsor Bank(s), Banker to the Issue and Bidding Charges for Members of the Syndicate, Registered Brokers, CDPs | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹121.00 |
| Open | ₹73.00 |
| Low | ₹73.00 |
| High | ₹76.65 |
| Last Trade | ₹76.65 |
Lead Manager Reports
SSMD Agrotech India IPO is a SME IPO of 28,17,000 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹121 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Nov 25, 2025, and closes on Thu, Nov 27, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in SSMD Agrotech India IPO using UPI as a payment gateway. Zerodha customers can apply in SSMD Agrotech India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in SSMD Agrotech India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The SSMD Agrotech India IPO opens on Tue, Nov 25, 2025 and closes on Thu, Nov 27, 2025.
SSMD Agrotech India IPO lot size is 1000, and the minimum amount required for application is ₹2,42,000, with 2 lots being the minimum application size.
You can apply in SSMD Agrotech India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for SSMD Agrotech India IPO will be done on Friday, November 28, 2025, and the allotted shares will be credited to your demat account by Mon, Dec 1, 2025. Check the SSMD Agrotech India IPO allotment status.
The SSMD Agrotech India IPO listing date is on Tue, Dec 2, 2025.
