SSMD Agrotech India IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Nov 25 to Nov 27 2025
Price Band
₹114 - 121
Current GMP
₹73.0 (-39.67%)
Subscription
1.62 times
IPO Details
| IPO Date | November 25, 2025 to November 27, 2025 |
| Listing Date | December 2, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹121 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,17,000 shares (aggregating up to ₹34.09 Cr) |
| Reserved for Market Maker | 1,56,000 shares (aggregating up to ₹1.89 Cr)Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 26,61,000 shares (aggregating up to ₹32.20 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 |
IPO Date
November 25, 2025 to November 27, 2025
Listing Date
December 2, 2025
Face Value
₹10 per share
Issue Price Band
₹114 to ₹121 per share
Lot Size
1,000 Shares
Sale Type
Fresh Capital
Total Issue Size
28,17,000 shares (aggregating up to ₹34.09 Cr)
Reserved for Market Maker
1,56,000 shares (aggregating up to ₹1.89 Cr)Nikunj Stock Brokers Ltd.
Net Offered to Public
26,61,000 shares (aggregating up to ₹32.20 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
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 5.33 |
| Non-Institutional Buyers*** | 0.62 |
| bNII (bids above ₹10L) | 0.21 |
| sNII (bids below ₹10L) | 1.42 |
| Individual Investors (IND category bidding for 2 Lots) | 2.54 |
| Total ** | 1.62 |
Market Maker
1
QIB (Ex Anchor)
5.33
Non-Institutional Buyers***
0.62
bNII (bids above ₹10L)
0.21
sNII (bids below ₹10L)
1.42
Individual Investors (IND category bidding for 2 Lots)
2.54
Total **
1.62
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Nov 25, 2025 | 2.00 | 0.44 | 0.29 | 0.74 | 0.86 | 0.67 |
| Day 2 Nov 26, 2025 | 2.00 | 0.41 | 0.13 | 0.99 | 1.39 | 0.92 |
| Day 3 Nov 27, 2025 | 5.33 | 0.62 | 0.21 | 1.42 | 2.54 | 1.62 |
DayDay 1
Nov 25, 2025
QIB (Ex Anchor)2.00
NII*0.44
NII (> ₹10L)0.29
NII (< ₹10L)0.74
Individual Investors0.86
Total0.67
DayDay 2
Nov 26, 2025
QIB (Ex Anchor)2.00
NII*0.41
NII (> ₹10L)0.13
NII (< ₹10L)0.99
Individual Investors1.39
Total0.92
DayDay 3
Nov 27, 2025
QIB (Ex Anchor)5.33
NII*0.62
NII (> ₹10L)0.21
NII (< ₹10L)1.42
Individual Investors2.54
Total1.62
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-12-2025 | 121.00 | 0(0.00%) | 121 |
| 01-12-2025 | 121.00 | 0(0.00%) | 121 |
| 30-11-2025 | 121.00 | 0(0.00%) | 121 |
| 29-11-2025 | 121.00 | 0(0.00%) | 121 |
| 28-11-2025 | 121.00 | 0(0.00%) | 121 |
| 27-11-2025 | 121.00 | 0(0.00%) | 121 |
| 26-11-2025 | 121.00 | 0(0.00%) | 121 |
| 25-11-2025 | 121.00 | 0(0.00%) | 121 |
| 24-11-2025 | 121.00 | 5(4.13%) | 126 |
| 23-11-2025 | 121.00 | 0(0.00%) | 121 |
| 22-11-2025 | 121.00 | 0(0.00%) | 121 |
| 21-11-2025 | 121.00 | 0(0.00%) | 121 |
| 20-11-2025 | 120.00 | 0(0.00%) | 120 |
Date02-12-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date01-12-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date30-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date29-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date28-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date27-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date26-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date25-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date24-11-2025
Price121.00
GMP5(4.13%)
Estimate List Price126
Date23-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date22-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date21-11-2025
Price121.00
GMP0(0.00%)
Estimate List Price121
Date20-11-2025
Price120.00
GMP0(0.00%)
Estimate List Price120
IPO Important Dates
| IPO Open Date | Tue, Nov 25, 2025 |
| IPO Close Date | Thu, Nov 27, 2025 |
| Tentative Allotment | Fri, Nov 28, 2025 |
| Initiation of Refunds | Mon, Dec 1, 2025 |
| Credit of Shares to Demat | Mon, Dec 1, 2025 |
| Tentative Listing Date | Tue, Dec 2, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 27, 2025 |
IPO Open Date
Tue, Nov 25, 2025
IPO Close Date
Thu, Nov 27, 2025
Tentative Allotment
Fri, Nov 28, 2025
Initiation of Refunds
Mon, Dec 1, 2025
Credit of Shares to Demat
Mon, Dec 1, 2025
Tentative Listing Date
Tue, Dec 2, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Nov 27, 2025
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,42,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,42,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹3,63,000
ApplicationS-HNI (Max)
Lots8
Shares8,000
Amount₹9,68,000
ApplicationB-HNI (Min)
Lots9
Shares9,000
Amount₹10,89,000
Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 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 |
Period EndedPeriod Ended
30 Sep 202530 Sep 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Sep 202532.33
31 Mar 202518.16
31 Mar 202415.60
Period EndedTotal Income
30 Sep 202552.13
31 Mar 202599.18
31 Mar 202473.45
Period EndedProfit After Tax
30 Sep 20253.84
31 Mar 20255.38
31 Mar 20241.10
Period EndedEBITDA
30 Sep 20255.79
31 Mar 20258.47
31 Mar 20243.23
Period EndedNET Worth
30 Sep 202510.76
31 Mar 20256.92
31 Mar 20241.33
Period EndedReserves and Surplus
30 Sep 20254.91
31 Mar 20256.39
31 Mar 20240.02
Period EndedTotal Borrowing
30 Sep 20256.88
31 Mar 20256.07
31 Mar 20247.02
Key Performance Indicator
| 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 |
| Market Capitalization | 104.86 |
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
Market Capitalization
104.86
Peers Comparison
| Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|
| SSMD Agrotech India Limited | 9.74 | 12.54 | 78.00 | ||
| HOAC Foods India Limited | 6.69 | 29.62 | 32.88 | 21.82 | 7.59 |
| Contil India Limited | 1.63 | 7.46 | 18.28 | 18.16 | 4.14 |
| Jetmall Spices and India Limited | -1.24 | 15.06 | -9.83 | -8.26 | 0.80 |
Company NameSSMD Agrotech India Limited
EPS (Basic)9.74
NAV (per share) (Rs)12.54
P/E (x)
RoNW (%)78.00
P/BV Ratio
Company NameHOAC Foods India Limited
EPS (Basic)6.69
NAV (per share) (Rs)29.62
P/E (x)32.88
RoNW (%)21.82
P/BV Ratio7.59
Company NameContil India Limited
EPS (Basic)1.63
NAV (per share) (Rs)7.46
P/E (x)18.28
RoNW (%)18.16
P/BV Ratio4.14
Company NameJetmall Spices and India Limited
EPS (Basic)-1.24
NAV (per share) (Rs)15.06
P/E (x)-9.83
RoNW (%)-8.26
P/BV Ratio0.80
IPO Reservation
| Market Maker Shares Offered | 1,56,000 (5.54%) |
| QIB Shares Offered | 27,000 (0.96%) |
| NII (HNI) Shares Offered | 13,16,000 (46.72%) |
| − bNII > ₹10L | 8,77,000 (31.13%) |
| − sNII < ₹10L | 4,39,000 (15.58%) |
| Retail Shares Offered | 13,18,000 (46.79%) |
| Total Shares Offered | 28,17,000 (100.00%) |
Market Maker Shares Offered
1,56,000 (5.54%)
QIB Shares Offered
27,000 (0.96%)
NII (HNI) Shares Offered
13,16,000 (46.72%)
− bNII > ₹10L
8,77,000 (31.13%)
− sNII < ₹10L
4,39,000 (15.58%)
Retail Shares Offered
13,18,000 (46.79%)
Total Shares Offered
28,17,000 (100.00%)
Information about company
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
Comprehensive manufacturing network
Wide range of products and services
Efficient resource utilization
Strong leadership and experienced management
Objectives of IPO
The Company SSMD Agrotech India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
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
Disclaimer
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