Speb Adhesives IPO...
27 Nov, 2025
SSMD Agrotech India IPO
The issue size of the SSMD Agrotech India IPO is ₹12.35 crore, consisting of a fresh issue of 18.99 lakh equity shares and no offer-for-sale (OFS). The issue is being offered at a fixed price of ₹65 per equity share. The subscription will open on 21 November 2025 and close on 23 November 2025, while the listing of the company’s shares at NSE SME is expected by 28 November 2025.
Company Background
The company is based in India. SSMD Agrotech India Limited was founded in 2017 and is involved in the production, milling, grinding, cleaning and core of agro products, particularly pulses, grains, lentils, etc. The company is headquartered in Kurukshetra, Haryana and serves clients from both B2B and B2C markets of North India. SSMD Agrotech has grown over time by leaps and bounds, added more products to its product pipeline and created distribution channels across Haryana/NCR/UP & Punjab.
Operations and Product Range
Facility and Production
SSMD Agrotech India IPO operates processing, storage and warehousing solutions in Kurukshetra with an end-to-end supply chain from procurement of raw produce to retail-ready packing. SSMD Agrotech aggregates locally procured agricultural produce such as farmers/mandis for sorting, grading, cleaning and packaging. Their capacity is optimised for regional supply and not pan-India scale, which would make it easier to trace batches and maintain quality.
Brands and Market Presence
SSMD Agrotech India IPO offers a range of products sold across pulses, rice, wheat, dry fruits, spices and oils under its main brand “SSMD Agrotech.” Consumer packs of their products are sold under a private label and in bulk to institutional clients and retail. The company emphasizes hygiene, food safety and competitive regional pricing to gain greater ground in the north.
SSMD Agrotech Revenue Channels
Agro's revenue comes largely from the sale of agricultural commodities, like pulses, grains and spics, processed and packed under SSMD Agrotech brands. SSMD has long-term supply arrangements with the institutional (wholesalers and caterers), retail, mandi buyers, etc. The income for FY2024 was ₹17.26 crores, which displayed a continuous increase compared to the previous fiscal year. PAT for FY2024 was at ₹1.23 cr, indicating average margins in the agri-trading industry.
Management and Shareholding
Promoters and Shareholding
Mr. Arun Kumar Garg and Mr. Amit Kumar Garg are the promoters of SSMD Agrotech India IPO, who hold the largest number of shares in the post-IPO shareholding. The promoter group comprises close family and relatives of the promoter, retaining strategic managerial control of the operations post-IPO. There is no OFS in this IPO and the entire proceeds will go to the company.
Board Members
SSMD Agrotech India IPO has a board which includes Mr. Arun Kumar Garg (Chairman & Managing Director), Mr. Amit Kumar Garg (Whole-time Director) and independent directors with expertise in agri-business and finance sectors. The leaders of their industry have been the driving force behind simplifying how to grow and comply with product range expansion.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
SSMD Agrotech India IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
SSMD Agrotech India IPO Details
| Detail | Description |
|---|---|
| IPO Date | November 24, 2025 to November 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹114 to ₹120 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,17,000 shares (aggregating up to ₹33.80 Cr) |
| Reserved for Market Maker | 1,56,000 shares (aggregating up to ₹1.87 Cr) Nikunj Stock Brokers Ltd. |
| Net Offered to Public | 26,61,000 shares (aggregating up to ₹31.93 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 |
SSMD Agrotech India IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Nov 24, 2025 |
| IPO Close Date | Wed, Nov 26, 2025 |
| Tentative Allotment | Thu, Nov 27, 2025 |
| Initiation of Refunds | Fri, Nov 28, 2025 |
| Credit of Shares to Demat | Fri, Nov 28, 2025 |
| Tentative Listing Date | Mon, Dec 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Nov 26, 2025 |
SSMD Agrotech India IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,40,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,60,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,60,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,80,000 |
SSMD Agrotech India IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 100% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Cost-effective procurement and shorter supply chains are made possible by the proximity of agricultural mandis in Haryana and other parts of northern India.
- • One-stop regional processing and packaging also ensure traceability, quality control and adherence to food safety standards.
- • The company’s localized branding and delivery meet the pulses/grains requirements of the Northern markets in India, as well as the smaller establishments.
- • Hygiene, product standardization and competitive rates are the three focal points that strengthened market share in the regional states.
SSMD Agrotech India IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 32.33 | 52.13 | 3.84 | 10.76 | 6.88 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 18 | 99 | 5 | 7 | 6.07 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 15.6 | 73.45 | 1.1 | 1.33 | 7.02 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 130.46% |
| ROCE | 100.85% |
| Debt/Equity | 0.88 |
| RoNW | 78% |
| PAT Margin | 5.42% |
| EBITDA Margin | 8.54% |
| Price to Book Value | 9.57 |
| Market Capitalization | ₹103.99 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 9.19 | 9 |
| P/E (x) | 13.05 | 14 |
SSMD Agrotech India IPO Objectives
The proceeds from the SSMD Agrotech IPO are intended for working capital requirements, enhancing warehousing and processing infrastructure, increasing product portfolio and covering public issue expenses. A portion of the funds will also be utilized for marketing and expanding dealer/distribution networks, helping the company strengthen its market presence.
Conclusion
The SSMD Agrotech India IPO offers an early investment opportunity in India’s agro produce (including processed food market) sector, specifically the Northern markets. The company’s regional expertise, localized supply chain and revenue growth all suggest that operations are stable, while the upside potential is interesting considering India’s expanding packaged food market.
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Frequently asked Questions (FAQs )
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How big is the SSMD Agrotech India IPO?
The total issue size is ₹12.35 crores, consisting wholly of a fresh issue of equity shares.
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Who are the promoters of SSMD Agrotech India?
The key promoters are Mr. Arun Kumar Garg and Mr. Amit Kumar Garg and their family group.
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What is the primary goal of SSMD Agrotech India IPO?
The objective is to raise working capital, strengthen infrastructure, expand product range and cover listing-related expenses.
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Where are SSMD Agrotech’s operations based?
The main processing and warehousing facilities are located in Kurukshetra, Haryana.
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Which products are sold by SSMD Agrotech?
The company sells pulses, grains, spices, dry fruits and oils under its own brand in both B2C and B2B channels.
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What is the recent financial performance of SSMD Agrotech India IPO?
The company reported revenue of ₹17.26 crores and a net profit of ₹1.23 crores for FY2024.
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