SSMD Agrotech India IPO will open for subscription on November 24, 2025, and close on November 26, 2025. The IPO price band is ₹114 to ₹120 per share. The total IPO size is ₹33.80 crores, consisting fully of a fresh issue. The allotment date is November 27, 2025, and the listing will take place on December 1, 2025, on the BSE SME platform. The investor quota is divided as QIB 50%, Retail 35%, and HNI 15%.
The company posted revenue of ₹99.18 crores in FY2025 against ₹73.45 crores in FY2024, and profit increased to ₹5.38 crores from ₹1.10 crores. Based on financial performance and growth outlook, the IPO looks suitable for long-term investors.
Contents
SSMD Agrotech India IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | November 24, 2025 |
| IPO Close Date | November 26, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹114 – ₹120 |
| Issue Size | ₹33.80 crores |
| Fresh Issue | ₹33.80 crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP | View PDF |
| RHP | View PDF |
SSMD Agrotech IPO
Open: 24-26 Nov
Issue Size: ₹33.80 Cr.
Objective: Working-capital funding, partial debt repayment and setting up new D2C & namkeen plant.
Exchange: BSE SME
SSMD Agrotech IPO GMP Today
The SSMD Agrotech IPO GMP has started showing steady movement in the grey market, giving early investors a sense of the sentiment around this SME issue. As per the latest data, the IPO’s grey market premium stayed at ₹5 from 26th to 29th November, after touching a low of ₹4 on 25th November.
This reflects a mild positive trend, with premiums indicating a potential listing gain of around 3% to 4%. Although GMP for 1st and 2nd December is not available yet, the consistent numbers from the previous days show stable demand.
SSMD Agrotech India’s IPO opens on 25th November 2025, aiming to raise ₹34.09 crore. The price band is fixed at ₹114 to ₹121 with a lot size of 2,000 shares.
The day-wise table shows how the GMP held firm at ₹5 for several days, signalling steady interest among grey market traders. While GMP is only an informal indicator, the current trend suggests positive sentiment ahead of listing.
SSMD Agrotech India IPO Review
Considering strong growth in revenue, profits, and financial ratios like ROE and ROCE, the company appears fundamentally strong. However, SME IPOs may have low liquidity.
Investors looking for long-term value rather than immediate returns may consider applying.
SSMD Agrotech India IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,000 | ₹2,40,000 |
| Retail Maximum | 2 | 2,000 | ₹2,40,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,60,000 |
| S-HNI Maximum | 8 | 8,000 | ₹9,60,000 |
| B-HNI Minimum | 9 | 9,000 | ₹10,80,000 |
Also Read: Sudeep Pharma IPO, Juniper Green Energy IPO
IPO Reservation
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| QIB (Ex. Anchor) | 27,000 Shares | 0.96% |
| NII | 13,17,000 Shares | 46.75% |
| Retail | 13,17,000 Shares | 46.75% |
SSMD Agrotech IPO Dates
| Event | Date |
|---|---|
| IPO Open | November 24, 2025 |
| IPO Close | November 26, 2025 |
| Basis of Allotment | November 27, 2025 |
| Refunds | November 28, 2025 |
| Credit to Demat | November 28, 2025 |
| Listing Date | December 1, 2025 |
| Cut-off Time | November 26, 5 PM |
Promoters and Holding Pattern
| Particular | Shares | % Share |
|---|---|---|
| Pre Issue | 58,49,129 | 100% |
| Post Issue | 86,66,129 | -% |
Objects of the Issue
The company will use the IPO proceeds to fund working capital needs of ₹13.10 crores, repay borrowings of ₹6.83 crores, invest ₹2.04 crores towards setting up new D2C dark store factories, and ₹0.97 crores for machinery for Namkeen plant expansion. A portion will be allocated for general corporate purposes.
About the SSMD Agrotech India Ltd, Company
SSMD Agrotech India Ltd, popularly known as House of Manohar, produces and distributes agro-food products like Puffed Rice, Gram Flour, Rice Powder, Chana Dal, Idli Rava, Ramdana and many packaged food items.
The company operates under brands such as Manohar Agro, Super S.S., Delhi Special and Shri Dhanlaxmi. It has a strong distribution network across Delhi/NCR, Haryana, Uttar Pradesh, Punjab, and Uttarakhand and promotes 10-minute delivery services for essential food items.
SSMD Agrotech India Financial Performance
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹73.45 Cr | ₹71.38 Cr | ₹1.10 Cr | ₹15.60 Cr |
| 2025 | ₹99.18 Cr | ₹91.81 Cr | ₹5.38 Cr | ₹18.16 Cr |
| Sep 2025 | ₹52.13 Cr | ₹46.95 Cr | ₹3.84 Cr | ₹32.33 Cr |
Valuation and Key Metrics – FY2025
| KPI | Value |
|---|---|
| ROE | 130.46% |
| ROCE | 100.85% |
| EBITDA Margin | 8.54% |
| PAT Margin | 5.42% |
| Debt to Equity | 0.88 |
| EPS | ₹9.74 |
| RoNW | 78% |
| NAV | ₹12.54 |
Peer Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| HOAC Food India | 6.69 | 44.24 | 21.82% | 29.62 | 24.68 Cr |
| Contil India | 1.63 | 19.14 | 18.16% | 7.46 | 32.57 Cr |
| Jetmall Spices & Masala | (1.24) | (32.17) | (8.26%) | 15.06 | 0.74 Cr |
Company Contact Details
SSMD Agrotech India Ltd., Khasra No. 640/641, Libaspur Road, Village Siraspur, North West Delhi, 110042
Phone: 011-45380705
Email: cs@houseofmanohar.com
Website: www.houseofmanohar.com
IPO Lead Manager
3Dimension Capital Services Ltd.
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: ipo.bigshareonline.com/IPO_Status.html
SSMD Agrotech India IPO FAQs
What is SSMD Agrotech India IPO?
SSMD Agrotech India IPO is an SME IPO raising ₹33.80 crores through a fresh issue, priced at ₹114 to ₹120 per share, and will list on BSE SME.
When will SSMD Agrotech IPO open?
The IPO opens on November 24, 2025, and closes on November 26, 2025.
What is the lot size of SSMD Agrotech IPO?
The minimum lot size is 2,000 shares requiring ₹2,40,000.
What is the allotment date of SSMD Agrotech IPO?
The allotment will be finalized on November 27, 2025.
What is the listing date?
The shares will be listed on December 1, 2025, on BSE SME.
How can retail investors apply?
Investors can apply online via ASBA through banks or UPI through stock brokers, or by submitting offline forms.
What is the price band?
The price band is fixed at ₹114 to ₹120 per share.
How much portion is reserved for retail investors?
Retail investors have a 35% quota.
Expert Comment
SSMD Agrotech operates in a rapidly growing FMCG packaged food segment with a wide distribution network. Strong financial improvement and expansion plans give confidence, though listing gains are uncertain.
Long-term investors with higher risk appetite may find it a reasonable opportunity.
