SSMD Agrotech India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the SSMD Agrotech India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹121
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,21,000
Issue Size
₹34.09 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
49.49%
QIB Quota
1.02%
NII Quota
49.49%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
SSMD Agrotech India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
67.49%
Issue Type
Book Building - SME
ISIN
INE1U2R01013
About the Company
Our company, SSMD Agrotech India Limited, operates its business under the name House 0f Manohar. HOM - House Of Manohar is primarily involved in the manufacturing, trading and repacking of various FMCG products under the company owned various brands including Manohar Agro, Super S.S., Delhi Special and Shree Dhanlaxmi. The company manufactures products such as various varieties of Gram Flour, Chana Dal, Matar Flour, Puffed Rice, Ramdana and other agro food products. The company also manufactures Atta, Mustard Oil, Spices at its D2C Dark Store Factory. The company furthers repack a wide variety of other agro food products and sells it under the company owned brand. The company operates its sales network in both B2B and D2C market space.
Industry Overview
Manufacturing Sector Manufacturing is emerging as an integral pillar in the country's economic growth, thanks to the performance of key sectors like automotive, engineering, chemicals, pharmaceuticals, and consumer durables. The Indian manufacturing industry generated 16-17% of India's GDP pre-pandemic and is projected to be one of the fastest growing sectors. The machine tool industry was literally the nuts and bolts of the manufacturing industry in India. Today, technology has stimulated innovation with digital transformation a key aspect in gaining an edge in this highly competitive market. FMCG Sector The FMCG sector in India expanded due to consumer driven growth and higher product prices, especially for essential goods. FMCG sector provides employment to around 3 million people accounting for approximately 5% of the total factory employment in India. FMCG sales in the country grew 7-9% by revenues in 2022-23. The key growth drivers for the sector include favourable Government initiatives & policies, a growing rural market and youth population, new branded products, and growth of e-commerce platforms.
Company History
The Company was originally incorporated as "Shree Dhanlaxmi Flour Mills Private Limited" on October 10,2023 as a Private Limited Company under Companies Act, 2013 with the Registrar of Companies, Central Registration centre. Further, pursuant to the special resolution passed in the Extraordinary General meeting held on January 22, 2024, the name of our Company was Changed to "SSMD Agrotech India Private limited" and a fresh Certificate of incorporation dated February 15, 2024. Our Company Subsequently acquired the entire business of Manohar Lal Jaigopal Agro Industries and S.S Agro India, Sole Proprietorship concern of Ishu Munjal vide Business Transfer Agreement effective from April 1, 2024. Subsequently, pursuant to the resolution of shareholders dated February 7, 2025 our Company was converted to a public limited company and the name of our Company was further changed to "SSMD Agrotech India Limited". A fresh certificate of incorporation consequent on change of name was granted to our Company on February 24, 2025 by the Registrar of companies, Central Registration centre. The Corporate Identification Number of our Company is U10611DL2023PLC421046.
Products & Services
- SSMD Agrotech India Limited operates its business under the name House 0f Manohar. HOM - House 0f Manohar is primarily involved in the manufacturing, trading and repacking of various FMCG products.
Growth Strategy
- Expansion of Business through D2C Business Model Strategy.
- Expanding the Product Portfolio.
- Focus on Meeting Quality Standards.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 28,17,000 equity shares of face value of Rs.10.00 each ("Equity Shares") of the company for cash at a price of Rs. 121 per equity share (including a share premium of Rs. 111 per equity share) ("Issue Price") aggregating up to Rs. 34.09 crores ("the Issue"). The issue comprises a fresh issue of 28,17,000 equity shares aggregating up to Rs.34.09 crores ("Fresh Issue"). This issue includes a reservation of 1,56,000 equity shares aggregating up to Rs. 1.89 crores (constituting 1.80% of the post-issue paid-up equity share capital of the company) for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e issue of 26,61,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 121/- per equity share aggregating to Rs. 32.20 Crore is hereinafter referred to as the "Net Issue". The issue and the net issue shall constitute 32.50% and 30.70%, respectively, of the post-issue paid-up equity share capital of the company, respectively.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Diversified range of services offered.
- Strong Client base.
- Experience of our Promoter and core management team.
- Quality Assurance.
- Cost competitiveness and time bound delivery.
- We have certain outstanding litigation against our Promoters, director and Group Companies an adverse outcome of which may have an adverse impact on our reputation, business and results of operations.
- We have experienced negative cash flows in the past. Any such negative cash flows in the future may adversely affect our business, financial condition, results of operations and prospects.
- We are dependent on and derive a substantial portion of our revenue from a limited number of customers Cancellation by customers or a delay or reduction in their orders could have material adverse effect on our business, results of operations and financial condition.
- Our business is subject to seasonal volatility, which may contribute to fluctuations in our results of operations and financial condition.
- Our Company's logo and some other Trademnarks for which the Company has applied is not registered as on the date of this Red Herring Prospectus. We may be unable to adequately protect our intellectual Property. Also, we Cannot assure the timely registration of our logo.