The much-talked-about SSMD Agrotech India made its market debut, but the listing didn’t go as expected. The stock opened sharply lower, and the first print itself set the tone for the day. For investors tracking the SSMD Agrotech share price, the listing turned out to be the key highlight of the session in the Indian stock market.
Market Performance: A Weak Debut for SSMD Agrotech India
The broader stock market today saw its usual Monday volatility, and SSMD Agrotech became one of the most-watched SME IPO listings of the day.
The stock is listed at ₹73 per share, well below expectations and at a 39.67% discount compared with its IPO price of ₹121.
- Listing Price: ₹73
- Issue Price: ₹121
- Listing Day Drop: 39.67%
For investors tracking the SSMD Agrotech share price, this steep listing attracted significant attention across the SME segment.
SSMD Agrotech IPO Listing: What Happened
The listing came after a fully subscribed public issue and a steady flow of interest in the subscription window. SSMD Agrotech India hit the BSE SME platform on December 2, 2025, marking its official entry into the public markets.
The subscription numbers showed moderate demand:
Subscription Details
- Overall Subscription: 1.62 times
- Retail Category: 2.54 times
- NII Category: 0.62 times
- QIB Category: 5.33 times
- Total Bids: 43 lakh shares against 26.6 lakh on offer
While the demand was decent on paper, the listing told a different story, with the stock struggling to match its issue price.
Company Details: Inside SSMD Agrotech India
SSMD Agrotech India operates in the agro-food segment, dealing in the manufacturing, trading, and repackaging of multiple food products. Its portfolio spans across:
- Manohar Agro
- Super SS
- Delhi Special
- Shri Dhanlaxmi
The company has built a strong distribution presence across Delhi NCR, Haryana, Uttar Pradesh, Punjab, and Uttarakhand, while also expanding into D2C operations supported by micro-manufacturing units.
SSMD Agrotech India IPO Details
The company launched a ₹34 crore SME IPO, consisting solely of a fresh issue of 28 lakh shares.
IPO Structure
- Issue Size: ₹34 crore
- Fresh Issue: 28 lakh shares
- OFS: None
- IPO Lot Size: 1,000 shares
- Minimum Retail Investment:
- 2 lots required
- Around ₹2.42 lakh at the upper band
Use of Funds
- Working capital requirements
- Repayment of certain borrowings
- ₹2.04 crore allocated to set up new D2C dark store factories
- ₹97 lakh for machinery for a Namkeen manufacturing unit
- Remaining amount for general corporate purposes
The issue opened on November 25, closed on November 27, and allotment was completed by November 28.
Financial Performance of SSMD Agrotech (FY25)
The company showcased growth across its financial metrics.
Financial Highlights
- Revenue from Operations:
- FY25: ₹99.17 crore
- FY24: ₹73.34 crore
- EBITDA:
- FY25: ₹8.46 crore
- FY24: ₹3.22 crore
- Profit After Tax (PAT):
- FY25: ₹5.38 crore
- FY24: ₹3.22 crore
Summary
The SSMD Agrotech share debut brought a sharp correction right at the opening bell, listing 39.67% lower at ₹73 against the IPO price of ₹121. Despite a moderately subscribed issue and a steadily growing business backed by strong financials, the stock’s first trading session witnessed a weak start on the BSE SME platform.
Still, SSMD Agrotech enters the market with expanding revenues, rising EBITDA, improving profitability, and a clear growth roadmap focused on D2C operations and manufacturing expansion.
For now, all eyes remain on how the SSMD Agrotech India share price performs in the coming sessions after its discounted listing.
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