SSMD Agrotech India IPO

SSMD Agrotech India IPO is a book-built public issue worth ₹34.09 crore, consisting entirely of a fresh issue of 0.28 crore equity shares. The subscription window will remain open from November 25 to November 27, 2025, with the allotment likely to be finalised on November 28, 2025. The company is set to list on the BSE SME platform on December 2, 2025.

The IPO has a price band of ₹114–₹121 per share, and the minimum retail application size is 1 lot (1,000 shares). Based on the upper price band, retail investors must invest at least ₹2,42,000 for 2 lots (2,000 shares). For HNIs, the minimum bid size is 3 lots (3,000 shares), requiring an investment of ₹3,63,000.

The issue is managed by 3Dimension Capital Services Ltd., with Bigshare Services Pvt. Ltd. acting as the registrar. Nikunj Stock Brokers Ltd. is the designated market maker for the IPO. Refer to SSMD Agrotech India IPO RHP for complete details.

SSMD Agrotech India IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. ₹1,310.00 lakh for meeting the company’s working capital requirements.
2. ₹683.33 lakh for repayment or prepayment, in full or in part, of certain borrowings availed by the company.
3. ₹203.36 lakh for capital expenditure towards setting up new D2C dark store factories.
4. ₹96.75 lakh for capital expenditure related to the purchase of machinery for establishing the company’s Namkeen manufacturing plant.
5. Remaining for general corporate purposes.

About SSMD Agrotech India Limited

SSMD Agrotech India Limited traces its roots to two separate proprietorship firms, Manohar Lal Jaigopal Agro Industries and S.S. Agro India. Both entities were engaged in producing and delivering quality food products, and their legacy now continues under the unified brand umbrella “House of Manohar (HOM).”

SSMD Agrotech India Limited operates as a fast-growing player in the agro-food segment. The company is involved in manufacturing, trading, and repacking a wide range of high-quality agro-food products. Its operations span four major sub-brands: Manohar Agro, Super S.S., Delhi Special, and Shri Dhanlaxmi.

The company maintains strong quality systems and holds multiple certifications, including ISO 9001:2015 for Quality Management, ISO 14001:2015 for Environmental Management, ISO 22000:2018 for Food Safety Management, and ISO 45001:2018 for Occupational Health and Safety. SSMD Agrotech prioritizes sourcing high-grade raw materials across all its production facilities to ensure consistent product quality.

Financially, the company has demonstrated steady growth. SSMD Agrotech India Limited reported revenues of ₹5,213.33 lakh for the period ended September 30, 2025. For the financial years 2025, 2024, and 2023, its revenues were ₹9,917.95 lakh, ₹7,334.15 lakh, and ₹4,852.32 lakh respectively.

The company’s profitability has also strengthened, with a PAT of ₹383.67 lakh for the period ended September 30, 2025, and PAT figures of ₹537.79 lakh for FY 2025, ₹110.31 lakh for FY 2024, compared to a marginal loss of ₹0.37 lakh in FY 2023.

SSMD Agrotech currently operates three manufacturing units and one dedicated D2C dark store facility, supporting its expanding distribution and product portfolio.

Industry Outlook

1. Rural India is witnessing strong consumption growth driven by higher incomes and evolving aspirations, resulting in increased demand for branded FMCG products as the unorganised sector continues to shrink.
2. With internet users projected to reach 1 billion by 2025, online platforms are expected to play a vital role in market penetration. By 2030, around 40% of FMCG purchases are estimated to happen online, significantly boosting the sector’s digital transformation.
3. Reforms like GST and demonetisation are promoting organised sector growth and improving long-term demand across rural and urban markets, leading to better operational efficiency and enhanced performance for FMCG companies.

How To Apply for the SSMD Agrotech India IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the SSMD Agrotech India IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of SSMD Agrotech India IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of SSMD Agrotech India Limited

Registered office: Khasra No. 640/641, Libaspur Road, Village Siraspur, Siraspur, North West Delhi, Delhi, Delhi, India, 110042.

Phone: +91-9560248435

Email: cs@houseofmanohar.com

SSMD Agrotech India IPO Reservation

SSMD Agrotech India IPO Lot Size Details

SSMD Agrotech India IPO Promoter Holding

Mr. Ishu Munjal, Mrs. Surbhi Munjal, and Mr. Jai Gopal Munjal are the company promoters.

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Key Performance Indicators for SSMD Agrotech India IPO

SSMD Agrotech India IPO Registrar and Lead Managers

SSMD Agrotech India IPO Lead Managers

• 3Dimension Capital Services Ltd

Registrar for SSMD Agrotech India IPO

Bigshare Services Pvt Ltd

• Phone: +91-22-6263 8200
• Email:ipo@bigshareonline.com

Financial Performance of SSMD Agrotech India Limited

SSMD Agrotech India Limited Peer Comparison

Strengths and Opportunities of SSMD Agrotech India Limited

1. Operates three manufacturing units and one dark store factory, ensuring strong production capacity, flexibility, and timely fulfilment.
2. Offers a wide range of agro-food products including gram flour, roasted chana, mustard oil, spices, and more, catering to diverse customer needs.
3. Generates additional revenue by repurposing by-products like Chana Chilka, Chana Churi, Hari Dal, and Chani Kant, reducing waste and improving margins.
4. Led by promoters with deep industry experience, supported by a skilled management team in operations, marketing, and business development.
5. Growing presence in the Direct-to-Consumer market through dark store factories, enabling fast delivery and stronger customer loyalty.
6. Plans to expand into snacks, namkeen, detergent powder, and other categories, opening additional revenue streams.
7. Increasing demand in the FMCG and food services sector, driven by rural consumption growth and rising brand consciousness.
8. Rising digital penetration and e-commerce adoption in India allows the company to scale distribution and expand into new regional markets.

Risks and Threats of SSMD Agrotech India Limited

1. The Company, its Promoters, Directors, and Group Companies are involved in certain outstanding litigations, and any adverse outcome may negatively impact its reputation and operations.
2. A significant portion of revenue comes from a limited number of customers, making the business vulnerable to order cancellations, delays, or reduced demand.
3. High customer concentration risk exists, with the top 10 customers contributing 69.91% (Sep 2025), 50.97% (FY25), and 67.92% (FY24) of total sales.
4. The business experiences seasonal volatility due to its agro-based nature, causing fluctuations in revenue and financial performance.
5. Weather extremes, natural disasters, and commodity price volatility may reduce crop availability and impact sales.
6. The Company relies heavily on a small number of suppliers, creating vulnerability in raw material procurement and cost stability.
7. The top suppliers contributed 76.42% (Sep 2025), 58.79% (FY25), and 96.04% (FY24) of total purchases, posing a high supplier concentration risk.
8. The shift to a Direct-to-Consumer (D2C) dark store model involves operational challenges in setup, scalability, customer acquisition, and maintaining efficiency, which may affect business stability.