November 20, 2025
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SSMD Agrotech India IPO
SSMD Agrotech India Ltd. is launching its SME IPO of 28,17,000 shares, consisting entirely of a fresh issue of Rs.33.80 crore.
The IPO will be listed on BSE SME.
🕗 Last Update: 20 November 2025, 6.00 AM
👉 GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | November 24, 2025 |
| IPO Close Date | November 26, 2025 |
| Allotment Date | November 27, 2025 |
| Refunds Initiation | November 28, 2025 |
| Credit to Demat | November 28, 2025 |
| Listing Date | December 1, 2025 |
| UPI Mandate Cut-off | 5 PM, November 26, 2025 |
IPO Key Details
| Particulars | Details |
|---|---|
| Issue Size | 28,17,000 shares (Rs.33.80 Cr) |
| Price Band | Rs. 114 – Rs. 120 per share |
| Face Value | Rs. 10 |
| Lot Size | 1,000 Shares |
| Minimum Investment (Retail) | Rs.2,40,000 (2 lots = 2,000 shares) |
| Issue Type | Book Building Issue |
| Listing | BSE SME |
| Lead Manager | 3Dimension Capital Services Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. |
Reservation Structure
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 1,56,000 | 5.54% |
| QIB | 27,000 | 0.96% |
| NII (HNI) | 13,17,000 | 46.75% |
| Retail | 13,17,000 | 46.75% |
| Total | 28,17,000 | 100% |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min–Max) | 2 | 2,000 | Rs. 2,40,000 |
| S-HNI (Min) | 3 | 3,000 | Rs. 3,60,000 |
| S-HNI (Max) | 8 | 8,000 | Rs. 9,60,000 |
| B-HNI (Min) | 9 | 9,000 | Rs. 10,80,000 |
Promoter Holding
| Particulars | % |
|---|---|
| Pre-Issue Holding | 100% |
| Post-Issue Holding | Will reduce due to fresh issue (to be updated) |
About the Company
SSMD Agrotech India Ltd. (formerly House of Manohar units Manohar Agro & S.S. Agro India) is engaged in manufacturing, trading and repacking of a wide range of agro-food products.
Product Portfolio
• Puffed Rice
• Ramdana (Cholai)
• Gram Flour, Matar Flour
• Chana Dal, Idli Rava, Rice Powder
• By-products like Chana Chilka, Chana Churi, Chana Khanda, Chana Sattu
The company sells across Delhi/NCR, Haryana, UP, Punjab & Uttarakhand through distributor networks and also via D2C channels.
Manufacturing Footprint
• 3 manufacturing facilities
• 1 D2C dark store
Competitive Strengths
✔ Comprehensive manufacturing & distribution network
✔ Diversified agro-food product range
✔ Efficient resource utilization
✔ Experienced promoters & management
Financials (Rs. crore)
| Particulars | FY25 | FY24 |
|---|---|---|
| Assets | 18.16 | 15.60 |
| Total Income | 99.18 | 73.45 |
| PAT | 5.38 | 1.10 |
| EBITDA | 6.07 | 7.02 |
| Net Worth | 6.92 | 1.33 |
| Borrowings | 6.07 | 7.02 |
Key Ratios
• ROE: 130.46%
• ROCE: 100.85%
• PAT Margin: 5.42%
• EBITDA Margin: 8.54%
• Debt/Equity: 0.88
• RoNW: 78%
Objects of the Issue
| Purpose | Amount (Rs. Cr) |
|---|---|
| Working Capital Requirement | 13.10 |
| Repayment of Borrowings | 6.83 |
| Setting up new D2C dark store facilities | 2.04 |
| Purchase of machinery for Namkeen plant | 0.97 |
| General Corporate Purposes | — |
Chanakya View
SSMD Agrotech is a long-established agro-food company with a wide distribution network across North India. Revenue rose 35%, while PAT increased 388% in FY25, indicating strong operating momentum. The company’s diverse product mix, 3 manufacturing units and D2C presence provide scalability.
However, the business runs on modest margins typical for agro-processing, and the post-issue valuation will be the key determinant. Working capital requirements are high, which is reflected in borrowings.
Chanakya Verdict:
Fundamentally stable agro-foods business with solid revenue growth. Attractive only after evaluating valuations and subscription momentum. Suitable for moderate-risk investors.
Company Contact
SSMD Agrotech India Ltd.
Khasra No. 640/641, Libaspur Road, Siraspur, North West Delhi – 110042
📞 011-45380705
✉ cs@houseofmanohar.com
🌐 www.houseofmanohar.com
Lead Manager
3Dimension Capital Services Ltd.
Registrar
Bigshare Services Pvt. Ltd.
📞 +91-22-6263 8200
✉ ipo@bigshareonline.com
🌐 Check Allotment Status
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Disclaimer
This coverage is for informational and educational purposes only. Chanakya Ni Pothi does not deal in Grey Market Premiums. Consult your SEBI-registered advisor before investing.
