SSMD Agrotech India Limited IPO has a face value of ₹10 per share and a total issue size of ₹34.09 crore. The bidding for SSMD Agrotech IPO starts on 25 November, 2025, and ends on November 27, 2025. The expected date of allotment is 28 November, 2025. The shares have a tentative listing of December 2, 2025, to be listed on the BSE SME platform.
The price band of ₹114 to ₹121 per share has been fixed for the IPO, and the minimum lot size is 1,000 shares. The retail investors will have to make an investment of a minimum ₹2,42,000 (2 lots of 1,000 shares each). The sNII category begins at ₹3,63,000 for 3 lots, while bids from bNIIs start from ₹ 10,89,000 for 9 lots.
| Founded in | 2023 |
| Managing Director | Mr. Ishu Munjal |
| Parent organisation | SSMD Agrotech India Ltd |
SSMD Agrotech IPO Details
Following is a list of all the important IPO details you need to know:
| Particulars | Details |
| IPO Open Date | November 25, 2025 |
| Close Date | November 27, 2025 |
| IPO Lot Size | 1,000 Shares |
| Face value | ₹10 per share |
| Price Band | ₹114 to ₹121 per share |
| Issue Type | Bookbuilding Issue |
| Offer for sale | |
| Fresh issue | 28,17,000 shares (₹34.09 Crore) |
| Listing at | BSE SME |
| Total Issue Size | 28,17,000 shares (₹34.09 Crore) |
| Net Offered to Public | 26,61,000 shares (₹32.20 Crore) |
| Reserved for Market Maker | 1,56,000 shares (₹1.89 Crore) |
| Minimum Investment | ₹2,42,000 |
| Retail Discount | – |
SSMD Agrotech IPO Timeline
The timeline below gives you a quick view of all key dates from issue opening to listing:
| Particulars | Details |
| Bidding Open Date | November 25, 2025 |
| Bidding Close Date | November 27, 2025 |
| Expected Allotment Date | November 28, 2025 |
| Initiation of Refunds | December 1, 2025 |
| Allotted shares credit to demat | December 1, 2025 |
| Tentative Listing Date | December 2, 2025 |
| UPI mandate cut-off time | 5 PM on November 27, 2025 |
SSMD Agrotech IPO DRHP Status
The status of the DRHP filing and its approval is as follows:
| Filed with SEBI/Exchange | Yes, DRHP filed with SEBI & BSE SME |
| SEBI/Exchange approval received | Yes, approval received on 12 Sept 2025 |
SSMD Agrotech IPO Grey Market Premium (GMP Today)
The SSMD Agrotech IPO GMP today stands at ₹0, indicating a neutral grey-market response. Over the last two days, the GMP has remained flat, suggesting stable but muted investor sentiment ahead of the listing.
| Date | GMP (₹) | Estimated Listing Price | Estimated Listing Gain | Trend |
| 21-11-2025 | ₹0 | ₹121 | 0% | Neutral |
| 20-11-2025 | ₹0 | ₹120 | 0% | Neutral |
Note: The GMP figures come from informal market activity and can shift quickly depending on investor interest, subscription levels, and overall market sentiment.
What is the GMP Percentage of SSMD Agrotech IPO?
At a premium of ₹0, the GMP percentage for SSMD Agrotech is 0%. The IPO is expected to list at a price of ₹121.
SSMD Agrotech IPO Reservation
The following table shows how shares are allocated across investor categories in this IPO:
| Investor Category | Number of Shares Offered |
| QIB Shares | 27,000 (0.96%) |
| Retail Shares | 13,17,000 (46.75%) |
| NII (HNI) Shares | 13,17,000 (46.75%) |
| Market Maker Shares | 1,56,000 (5.54%) |
| Total Shares | 28,17,000 (100.00%) |
SSMD Agrotech Key Performance Indicators
The Key Performance Indicators (KPIs) for SSMD Agrotech are as follows:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE | 64.40% | 130.46% | |
| ROCE | 90.30% | 100.85% | |
| Debt Equity | 1.06 | 0.88 | |
| RoNW | 64% | 78% | |
| PAT Margin | 0.82% | 5.42% | |
| EBITDA margin | 1.15% | 8.54% | |
| Price Book Value | – | 9.65 |
SSMD Agrotech IPO Financials
The company’s major financial figures are listed below:
| Particulars (in ₹ lakh) | FY 2023 | FY 2024 | FY 2025 |
| Revenue | 7,334.15 | 9,917.95 | |
| Total Asset | 1,559.98 | 1,815.91 | |
| Profit | 110.31 | 537.79 |
SSMD Agrotech IPO Lot Size
The lot sizes available for different categories of investors are given below:
| Application | Lots | No. of Shares | Amount (in ₹) |
| Individual investors (Retail) (Minimum) | 2 lots | 2,000 shares | 2,42,000 |
| Individual investors (Retail) (Maximum) | 2 lots | 2,000 shares | 2,42,000 |
| S-HNI (Minimum) | 3 lots | 3,000 shares | 3,63,000 |
| S-HNI (Maximum) | 8 lots | 8,000 shares | 9,68,000 |
| B-HNI (Minimum) | 9 lots | 9,000 shares | 10,89,000 |
SSMD Agrotech IPO Promoter Holding
This table shows the ownership percentage of the promoters before and after the issue.
| Pre-Issue Percentage of Promoter Holding | 100% |
| Post-Issue Percentage of Promoter Holding | – |
About SSMD Agrotech
SSMD Agrotech India Limited was founded in 2023 and operates under the House of Manohar group. Mr. Ishu Munjal serves as the Managing Director, responsible for strategy growth, expansion, and development. He is supported by promoters Mrs. Surbhi Munjal and Mr. Jaigopal Munjal, who strengthen the company’s operational foundation.
The company manufactures a variety of grain-based food products, including puffed rice, poha, daliya, cornflakes, and other value-added agro items, competing with other industry players like Contil India Limited and HOAC Food India Limited. The major portion of its revenue comes from cereals and puffed rice supplied across multiple distribution channels.
| Book running lead manager | 3Dimension Capital Services Ltd. |
| Registrar of the issue | Bigshare Services Pvt.Ltd. |
Objectives of the SSMD Agrotech IPO
The company plans to use the funds to fulfill the following objectives:
| S.No. | Objectives | Expected Amount (₹ in crores) |
| 1 | Working capital requirements | 13.10 |
| 2 | Reducing debt through loan repayment | 6.83 |
| 3 | Investment in expansion of manufacturing units | 2.04 |
| 4 | Upgrading the production through new machinery | 0.97 |
| 5 | General corporate use | – |
Strength Of SSMD Agrotech
The points below outline the core strengths that drive the company’s performance and long-term growth:
1. Strong Manufacturing Setup
SSMD Agrotech has three production units and a dark-store facility, which enables flexible output, high quality, and timely deliveries. Updated machinery and efficient manufacturing processes help the company meet the market demand smoothly.
2. Diverse Product Portfolio
The company has a diverse product line such as rice, mustard oil, gram flour, and roasted chana. It enables the company to fulfill multiple consumer needs and reach different industry segments. It strengthens the market reach and helps in business expansion.
3. Efficient Use of Resources
The company aims to utilise its resources wisely, keeping the waste to a minimum through strict quality checks. By-products such as Chana Churi, Chana Chilka and Hari Dal are carefully processed into easily marketable items, adding extra value.
4. Experienced Leadership
Led by MD Mr. Ishu Munjal, along with promoters Mrs. Surbhi Munjal and Mr. Jaigopal Munjal, the company benefits from deep industry experience. Their vision and strong industry relationships help maintain smooth operations and support long-term growth.
Risk of SSMD Agrotech
Before applying, investors should consider the list of risks given below:
1. Supplier Dependence
The company relies on a particular group of suppliers for raw materials. With no long-term contracts, any disruption or relationship issues may increase the costs, interrupt production, and lower profitability.
2. Customer Concentration
Few key customers contribute a significant portion of the revenue. Any order delays, cancellations, or quality complaints can reduce sales and affect business stability.
3. Seasonal Volatility
Being agriculture-based, the operations are dependent on weather and seasonal patterns. Unfavourable conditions can affect crop availability, shift sales cycles, and result in inconsistent performance.
4. Revenue Fluctuations
Sales vary across periods due to demand shifts and market timing. Delayed purchases or unsold stock can cause uneven results and impact future cash flow.
SSMD Agrotech IPO Review
SSMD Agrotech’s IPO offers the investors exposure to the high-growth agro-processing sector. The company shows steady revenue growth, better margins, and strong operational scaling under experienced leadership.
However, the neutral GMP trend suggests limited excitement, and the high minimum investment amount may scare off small investors. As with most SME IPOs, the opportunity comes with higher risk, making this issue suitable for investors with a long-term and high-risk appetite.
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SSMD Agrotech IPO FAQs
SSMD Agrotech India Ltd IPO is a 100% book-built SME issue of 28,17,000 equity shares, listed on the BSE SME platform.
The IPO looks promising due to strong growth, but the neutral GMP suggests moderate listing interest.
The SSMD Agrotech expected returns appear stable, with listing likely near the upper price band.
The SSMD Agrotech IPO opens on November 25, 2025.
The lot size of the SSMD Agrotech IPO is 1,000 shares.
You can apply through UPI/ASBA using your broker’s IPO section or any SEBI-registered platform.
The allotment for SSMD Agrotech is expected on November 28, 2025.
The shares for this IPO are scheduled to list on December 2, 2025, on the BSE SME platform.
