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  5. SSMD Agrotech IPO Day 1: Check live subscription status, price band, lot size and key dates

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SSMD Agrotech IPO Day 1: Check live subscription status, price band, lot size and key dates

Kamal Joshi
By Kamal Joshi

3 min read | Updated on November 25, 2025, 14:03 IST

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SUMMARY

SSMD Agrotech IPO: The initial share sale, with a price band of ₹114-₹121 per equity share, is exclusively a fresh issuance of 28.17 lakh equity shares, worth ₹34.09 crore. There is no offer for sale (OFS) component.

SSMD Agrotech India is engaged in the manufacturing, trading and repacking of high-quality agro-food products. | Image: Houseofmanohar.com

SSMD Agrotech India is engaged in the manufacturing, trading and repacking of high-quality agro-food products. | Image: Houseofmanohar.com

SSMD Agrotech IPO: FMCG and agro-food processing company SSMD Agrotech India's ₹34.09 crore initial public offering opened for public subscription on Tuesday, November 25. The initial share sale will end on November 27.

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The IPO, with a price band of ₹114-₹121 per equity share, is exclusively a fresh issuance of 28.17 lakh equity shares. There is no offer for sale (OFS) component.

The fresh issue proceeds to the tune of ₹13.10 crore will be used for funding working capital requirements, ₹6.83 crore for repayment of borrowings, ₹2.04 crore for setting up of new D2C dark store factories and ₹97 lakh for the purchase of machinery for establishing a namkeen plant. A portion will also be utilised for general corporate purposes.

"The IPO proceeds will support our strategic growth initiatives and reinforce our market presence," Jaigopal Munjal, Chairman, SSMD Agrotech India, said.

SSMD Agrotech India IPO Day 1: Subscription status

CategorySubscription Status (As of 2:03 pm)
Qualified Institutional Buyers (QIBs)--
Non-Institutional Investors16%
Individual Investors46%
Total30%
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SSMD Agrotech India IPO: Lot size

A lot consists of 1,000 shares. The minimum investment for an individual investor is 2,000 shares.

SSMD Agrotech India IPO timeline

EventDate
Subscription periodNovember 25 to November 27
Basis of allotmentNovember 28
Initiation of RefundsDecember 1
Credit of Shares to DematDecember 1
Listing dateDecember 2

Incorporated in 2023, SSMD Agrotech India is engaged in the manufacturing, trading and repacking of high-quality agro-food products, including chana dal, gram flour, idli rava, rice powder, sattu, puffed rice and other value-added items.

The company markets its products under four brands, namely Manohar Agro, Delhi Special, Super S S and Shree Dhanlaxmi, supported by modern processing units, a direct-to-customer (D2C) dark-store factory and a strong distribution network.

SSMD Agrotech India IPO GMP

According to media reports and investorgain.com, the unlisted shares of SSMD Agrotech India are trading at ₹126, reflecting a grey market premium of 4.13% over the upper price band of ₹121.
Disclaimer: Grey Market Premium (GMP) is not regulated or recommended by the stock exchanges or SEBI. Upstox does not endorse or facilitate trading in the grey market. Investors are advised to conduct their own research or consult an expert before making any investment decisions.
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About The Author

Kamal Joshi
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing tennis, especially flexing his backhand. He was previously associated with Republic TV and LatestLY.

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