SSMD Agrotech to Launch IPO on November 25, 2025

New Delhi [India], November 22:
SSMD Agrotech India Limited (“SSMD” or “The Company”), a rapidly expanding FMCG and agro-food processing enterprise operating under its flagship brand House of Manohar (HOM), has announced that its Initial Public Offering (IPO) will open on Tuesday, November 25, 2025, and close on Thursday, November 27, 2025. The Company’s Equity Shares are proposed to be listed on the BSE SME Platform, marking a significant milestone in its growth and market expansion strategy.

SSMD Agrotech operates a diversified agro-food product portfolio that spans gram flour, chana dal, puffed rice, roasted chana, ramdana, rice powder, idli rava, sattu, and several value-added items. These products are marketed under four established brands—Manohar Agro, Super S.S., Delhi Special, and Shree Dhanlaxmi. The Company’s operations are supported by modern processing units, a technology-enabled D2C dark-store model, and a strong national distribution network.

IPO Structure and Key Details

The IPO comprises a Fresh Issue of 28,17,000 equity shares with a face value of ₹10 each, aggregating up to ₹34.08 crore.

Key Offer Terms

• Face Value: ₹10 per equity share

• Price Band: ₹114 – ₹121 per share

• Market Lot: 1,000 equity shares

• Proposed Listing: BSE SME

Investor Allocation

• QIB Portion: Not more than 27,000 equity shares

• NII Portion: Not less than 13,16,000 equity shares

• Retail Portion: Not less than 13,18,000 equity shares

• Market Maker Portion: 1,56,000 equity shares

IPO Timeline

• Issue Opens: November 25, 2025

• Issue Closes: November 27, 2025

Offer Intermediaries

• Lead Manager: 3Dimension Capital Services Limited

• Registrar: Bigshare Services Private Limited

• Market Maker: Nikunj Stock Brokers Limited

Utilisation of Net Proceeds

The Company plans to use the IPO funds for:

• Working Capital Requirements: ₹1,310.00 lakhs

• Loan Repayment: ₹683.33 lakhs

• D2C Dark Store Setup: ₹203.36 lakhs

• Machinery for Namkeen Manufacturing: ₹96.75 lakhs

• General Corporate Purposes: [●]

These investments aim to enhance production capability, scale distribution, and strengthen the company’s D2C presence.

Management Commentary

Mr. Ishu Munjal, Managing Director, SSMD Agrotech India Limited, stated:
“SSMD has evolved from a traditional agro business into a fast-growing FMCG brand with a strong product portfolio and widespread customer trust. This IPO represents a transformative milestone, enabling us to expand our D2C network, strengthen working capital, and scale operations. Our commitment remains firmly rooted in offering hygienic, high-quality, and affordable food products to households across India.”

Mr. Jaigopal Munjal, Chairman, added:
“Our foundation has always been built on trust, consistency, and quality. With modern production facilities, brand depth, and a robust growth roadmap, SSMD is well-positioned to capitalize on the rising demand in the FMCG and food processing sector. The IPO proceeds will fuel strategic expansion and consolidate our market presence.”

Mr. Pankaj Khetan, Director and Lead Manager, further noted:
“SSMD Agrotech’s proven growth trajectory, strong fundamentals, and scalable business model present a compelling investment proposition. The Company is poised to benefit from long-term structural tailwinds in the FMCG and processed food ecosystem.”

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PNN