SSMD Agrotech India Ltd. — SME IPO (GMP Watch)
Company Snapshot
Business: Manufacturer, trader and repacker of agro‑food products (puffed rice, gram flour, idli rava, rice powder, various chana products) serving Delhi/NCR, Haryana, UP, Punjab & Uttarakhand.
Promoters: Mr. Ishu Munjal, Mrs. Surbhi Munjal & Mr. Jai Gopal Munjal.
Important: This is an SME listing — expect lower liquidity and higher post‑listing volatility compared to mainboard stocks.
Issue Details (At a glance)
| Issue Size | Approx ₹33.80 crores (Fresh Issue) |
|---|---|
| Face Value | ₹10 per share |
| Price Band | ₹114 – ₹120 per share |
| Market Lot / Min Amount | 2,000 shares (Min application ≈ ₹2,40,000 at upper band) |
| Open / Close | 24‑Nov‑2025 — 26‑Nov‑2025 |
| Basis of Allotment | 27‑Nov‑2025 |
| Expected Listing | 1‑Dec‑2025 on BSE SME |
Financial Snapshot
| Period | Revenue (₹ crore) | PAT (₹ crore) | EPS (₹) | NAV (₹) |
|---|---|---|---|---|
| FY2024 | 73.45 | 1.10 | — | — |
| FY2025 | 99.18 | 5.38 | 9.74 | 12.54 |
Use of Proceeds
- Working capital requirement: ₹13.10 cr
- Repayment of borrowings: ₹6.83 cr
- CapEx — D2C dark stores & machinery: ₹3.01 cr (combined)
- General corporate purposes
Allocation Breakdown
| Category | Allocation |
|---|---|
| QIB (Ex‑Anchor) | 27,000 shares (≈0.96%) |
| NII | 13,17,000 shares (≈46.75%) |
| Retail | 13,17,000 shares (≈46.75%) |
Investment View — Quick Pros & Cons
| Upside | Strong FY25 growth; growing D2C distribution; SME listing offers early exposure. |
|---|---|
| Risks | High price vs NAV (~9–10x); SME liquidity & volatility; large minimum lot (₹2.4L approx). |