SSMD Agrotech India made a weak debut on the Indian stock market today, December 2, 2025. The company’s shares were listed at ₹73 apiece on the BSE SME platform, reflecting a discount of 39.67% from the issue price of ₹121.
This performance came despite the IPO exceeding grey market expectations, which had predicted a flat listing. The listing outcome contrasts with the company’s moderate subscription levels during its public issue.
The SSMD Agrotech IPO opened on November 25 and closed on November 27, with allotments finalised on November 28. The ₹34-crore issue comprised a fresh offering of 28 lakh shares, with no offer-for-sale component.
The IPO saw an overall subscription of 1.62 times. Retail investors subscribed 2.54 times and QIBs 5.33 times.
Shares of SSMD Agrotech listed at ₹73 on the BSE SME platform, significantly below the issue price of ₹121. This represents a discount of 39.67%, signalling weak investor sentiment post-listing.
The sharp fall contrasts with the company’s subscription figures. Market participants are likely to monitor trading volumes and price movement in the coming sessions for signs of recovery.
The IPO lot size was set at 1,000 shares, with retail investors required to apply for a minimum of two lots, amounting to ₹2.42 lakh at the upper price band. Net proceeds from the issue will be used to meet working capital requirements and repay certain borrowings.
Additionally, ₹2.04 crore is allocated for establishing new D2C dark store factories, while ₹97 lakh will fund machinery purchases for a Namkeen manufacturing unit. Remaining funds will be deployed for general corporate purposes.
SSMD Agrotech India operates in the agro-food segment, focusing on manufacturing, trading, and repackaging under brands such as Manohar Agro, Super SS, Delhi Special, and Shri Dhanlaxmi. The company has a strong presence across Delhi NCR, Haryana, Uttar Pradesh, Punjab, and Uttarakhand, supported by a D2C model and micro-manufacturing units.
Read More: SSMD Agrotech India IPO Allotment Status.
SSMD Agrotech’s listing at a steep discount highlights the volatility in SME IPO performance despite moderate subscription levels. While the company has outlined clear plans for fund utilisation and expansion, investor confidence remains subdued post-listing.
Market observers will track price trends and operational updates to gauge long-term prospects. The debut underscores the importance of cautious optimism in SME investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Dec 2, 2025, 10:58 AM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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