SSMD Agrotech India
November 25, 2025 – November 27, 2025
| Price | ₹114 - ₹121 |
| GMP Rumors * | ₹0 |
|---|---|
| Lot size | 1000 |
| Issue size | ₹34.08 cr |
| Allotment | Nov 28, 2025 |
| Listing | Dec 2, 2025 |
SSMD Agrotech India Subscription
Last updated on 27-Nov-2025 17:04:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 27000 | 144000 | 5.33 |
| HNIs | 1316000 | 837000 | 0.64 |
| bHNI | 878000 | 187000 | 0.21 |
| sHNI | 438000 | 650000 | 1.48 |
| Individual | 1318000 | 3564000 | 2.7 |
| Total | 2661000 | 4545000 | 1.71 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 293 | 12 | 0.04 |
| HNIs (3-10L) | 146 | 205 | 1.4 |
| Individual | 659 | 1782 | 2.7 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0.9 | @8% ₹1 | @9% ₹1.1 | @10% ₹1.2 | @11% ₹1.4 | @12% ₹1.5 |
SSMD Agrotech India Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 9 | 9000 | 1089000 | 293 |
SSMD Agrotech India Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 27000 | 0.96% |
| HNI | 1316000 | 46.72% |
| INDIVIDUAL | 1318000 | 46.79% |
| Market Maker | 156000 | 5.54% |
| Total | 2817000 | 100% |
SSMD Agrotech India About
IPO Details
| Total Issue Size | 28,17,000 shares (aggregating up to 34.08 Cr) |
| Fresh Issue Size | 28,18,000 shares (aggregating up to 34.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 58,49,129 shares |
| Share Holding Post Issue | 86,66,129 shares |
| Reserved for Market Maker | 1,56,000 shares (aggregating up to 1.87 Cr) |
| Market Maker | Nikunj Stock Brokers Ltd. |
Key Performance Indicators
| KPI | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| RONW | 36.00% | 78.00% | 64.00% |
| EPS (basic) | 7.16 | 9.74 | 3.46 |
| P/E Pre IPO | 13.05 | ||
| P/E Post IPO | 13.55 |
Financial Details In Crores
| Period Ended | Sep-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 32.33 | 18.2 | 15.6 |
| Total Income | 52.13 | 99.2 | 73.5 |
| Profit After Tax | 3.84 | 5.4 | 1.1 |
| EBITDA | 5.79 | 8.5 | 3.2 |
| NET Worth | 10.76 | 6.9 | 1.3 |
| Reserves and Surplus | 4.91 | 6.4 | 0.0 |
| Total Borrowing | 6.88 | 6.1 | 7.0 |
Peer Comparision (Valuation)
| Company | P/E (x) | CMP*(₹) | Face value (₹) |
|---|---|---|---|
| SSMD Agrotech India Limited | 13.05 | 10.00 | |
| HOAC Foods India Limited | 44.24 | 296.00 | 10.00 |
| Contil India Limited | 19.14 | 31.20 | 2.00 |
| Jetmall Spices and India Limited | -32.17 | 39.90 | 10.00 |
Peer Comparision (Financial Performance)
| Company | NAV/Share (₹) | RoNW (%) | EPS (Basic) (₹) |
|---|---|---|---|
| SSMD Agrotech India Limited | 12.54 | 78.00 | 9.74 |
| HOAC Foods India Limited | 29.62 | 21.82 | 6.69 |
| Contil India Limited | 7.46 | 18.16 | 1.63 |
| Jetmall Spices and India Limited | 15.06 | -8.26 | -1.24 |
Company Overview
Origin & History: Started as two proprietorships (Manohar Lal Jaigopal Agro Industries and S.S. Agro India), later merged into Shree Dhanlaxmi Flour Mills Pvt Ltd, finally renamed SSMD Agrotech India Ltd.
Business Activity: Engaged in manufacturing, trading, and repacking of agro-food products across multiple categories.
Brands Operated: Manohar Agro, Super S.S., Delhi Special, Shri Dhanlaxmi.
Product Portfolio: Puffed Rice, Ramdana, Gram Flour, Matar Flour, Chana Dal, Idli Rava, Rice Powder, and by-products of Chana Dal (Chilka, Churi, Khanda, Sattu).
Distribution Network: Primary sales through distributors in Delhi-NCR, Haryana, Uttar Pradesh, Punjab, and Uttarakhand.
Objects of the Issue:
– Working capital requirement (₹13.10 crore)
– Setting up new D2C dark store factories (₹2.04 crore)
– Purchase of machinery for new Namkeen plant
Strength
Strong manufacturing base: Three facilities allow consistent production, better quality control, and efficient scaling.
Wide product mix: Covers puffed rice, flours, chana by-products and other essentials, reducing reliance on any one category.
Deep distribution reach: Strong distributor network across Delhi-NCR, Haryana, UP, Punjab, and Uttarakhand provides stable recurring demand.
Weakness
Highly Risky Ipo as per some social media influencers
Pending litigations: Cases involving promoters and group companies may impact reputation and business operations.
Weak cash flow history: Past negative cash flows indicate liquidity pressure, which may affect future growth and working capital.
Customer concentration: A large share of revenue comes from a few buyers; any drop or delay in their orders can impact financial performance.
SSMD Agrotech India Lead Manager(s)
SSMD Agrotech India Address
Khasra No. 640/641, Libaspur Road
Village Siraspur, Siraspur,
North West Delhi, New Delhi, 110042
Phone: 011-45380705
Email: cs@houseofmanohar.com
Website: http://www.houseofmanohar.com/
SSMD Agrotech India Registrar
SSMD Agrotech India Reviewers
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