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SSMD Agrotech IPO
SSMD Agrotech India Ltd
₹2,28,000 /1000 sharesMinimum Investment
SSMD Agrotech IPO Details
| Bidding dates | Minimum investment | Lot size | Price range |
|---|---|---|---|
| 24 Nov ‘25 - 26 Nov ‘25 | ₹2,28,000 | 1,000 | ₹114 - ₹120 |
| Issue size | IPO doc | Tentative allotment date | Tentative listing date |
|---|---|---|---|
| 33.80 Cr | RHP PDF | 27 Nov ‘25 | 01 Dec ‘25 |
| Face value | Issue type |
|---|---|
| 10 | EQUITY |
About SSMD Agrotech
Founded in
2023
MD/CEO
Mr Ishu Munjal
Parent organisation
SSMD Agrotech India Ltd
Strengths & Risks of SSMD Agrotech
Strengths
Risks
SSMD Agrotech India operates three manufacturing facilities along with one dark store factory. This network allows the company to distribute production across multiple locations and manage demand more efficiently. The facilities are equipped with updated machinery, which the company claims supports consistent output and adherence to industry standards.
The company offers a wide range of agro-food products across different categories. Its portfolio includes gram flour, rice, mustard oil, roasted chana, and other items, enabling it to serve multiple market segments. This variety enables the company to supply products used in various industries and cater to diverse consumer needs.
SSMD Agrotech India claims to utilise its manufacturing resources in a way that allows by-products to contribute to additional revenue. By-products from processes such as chana dal production and grading are stored, cleaned, packaged, and sold in the market. This approach reduces waste and creates an added income stream through the sale of items like chana chilka, chana churi, hari dal, and chani kant.
The company is ISO 9001:2015 certified for its quality management systems, ISO 14001:2015 certified for its environmental management systems, ISO 22000:2018 certified for its food safety management systems, and ISO 45001:2018 certified for occupational health and safety.
The company has witnessed a consistent increase in its revenue from operations. It increased from Rs 48.52 crore in FY23 to Rs 73.34 crore in FY24 and Rs 99.18 crore in FY25.
For the period ended September 30, 2025, the company recorded negative cash flow from operating activities amounting to Rs 0.78 crore and Rs 0.35 crore from investing activities. It also reported negative cash flow from financing activities amounting to Rs 0.74 crore in FY25. If negative cash flows continue in the future, the company may face challenges in meeting operational expenses, funding capital requirements, and supporting business expansion.
The top 10 customers accounted for 69.91 percent, 50.97 percent, and 67.92 percent of the company’s revenue for the period ended September 30, 2025, FY25, and FY24, respectively. Loss of one or more of these major customers, or a reduction or delay in their orders, could adversely affect the company’s revenues, cash flows, and overall financial condition.
As an agro-based business, the company’s sales are influenced by weather conditions, including irregular rainfall, drought, and natural events that may alter crop patterns and commodity availability. Any shift in seasonal trends or adverse climate conditions can lead to fluctuations in quarterly or annual revenue, delays in sales, and potential challenges in managing surplus inventory.
The top 10 suppliers accounted for 76.42 percent of the company’s total purchases for the period ended September 30, 2025, 58.79 percent in FY25, and 96.04 percent in FY24. Furthermore, the company has not entered into long-term agreements with these vendors. Any disruption in supply or inability to procure raw materials on acceptable terms could hurt the company’s profitability and operational stability.
SSMD Agrotech India derives a substantial share of its revenue from a limited set of core products. Besan accounted for 17.56 percent and 29.93 percent of the company’s revenue for the period ended September 30, 2025, and FY25. Rice accounted for 43.20 percent and 38.93 percent of the company’s revenue during the same periods. Any decline in demand, changes in consumer preferences, or quality-related concerns linked to these concentrated product categories could materially affect the company’s sales, margins, and overall financial performance.
SSMD Agrotech India’s operations depend heavily on its distributor-led sales model. Any disputes with distributors, delays in order placement, or disruptions in supply chain activities could directly affect product availability in the market. The company’s ability to maintain existing distributors, appoint new ones, and ensure uninterrupted distribution is crucial, and any shortcomings in these areas may adversely affect its sales, financial condition, and cash flows.
Delhi accounted for Rs 43.73 crore (83.87 percent) of the company’s total sales for the period ended September 30, 2025. In FY25, FY24, and FY23, Delhi accounted for the largest share of the company’s sales. Furthermore, the company’s three manufacturing facilities are located in Delhi. Any economic, political, regulatory, or environmental disruptions in this region could adversely impact the company’s operations, financial condition, and cash flows.
The company, its promoters, directors, and group companies are involved in certain ongoing legal proceedings, including criminal and tax-related disputes. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company had outstanding financial indebtedness of Rs 6.87 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
SSMD Agrotech Financials
*All values are in Rs. Cr
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Application Details of SSMD Agrotech IPO
| Apply as | Price band | Apply Range | Lot size |
|---|---|---|---|
| Individual investor | ₹114 - 120 | ₹2 - 5 Lakh | 1000 |
For SSMD Agrotech IPO, eligible investors can apply as Individual investor.