SSMD Agrotech India Limited IPO

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SSMD Agrotech India Ltd., operating under the umbrella brand House of Manohar (HOM), is a growing FMCG player engaged in the manufacturing, trading, and repacking of agro-food products. The company offers a wide portfolio of staples, specialty grains, value-added powdered foods, and roasted snacks through four brands: Manohar Agro, Super S.S., Delhi Special, and Shri Dhanlaxmi. SSMD has evolved from a family-run business into a professionally managed public company with strong manufacturing capabilities and a rapidly expanding market presence.

Business Model

1) Distributor-Led B2B & Retail Supply

Strong presence across Delhi/NCR, Uttar Pradesh, Haryana, Punjab, and Uttarakhand.
Structured distributor selection, onboarding, retail outreach, and a scalable hub-and-spoke logistics model.
Two-tier distribution system: Primary distribution (factories to warehouses) → Secondary distribution (warehouses to retailers/institutions).

2) Direct-to-Consumer (D2C) Model

Uses Dark Unit Factories, micro-manufacturing and delivery hubs that produce fresh food essentials.
Offers 10-minute hyperlocal delivery of freshly processed staples (flours, spices, oils, pulses, rice, etc.).
First D2C unit launched in February 2025 in Vaishali, Ghaziabad.

Product Portfolio

i) Value-added staples: Gram Flour, Chana Dal, Matar Flour, Chana Sattu, Idli Rava, Rice Powder
ii) Puffed snacks & cereals: Puffed Rice, Ramdana (Cholai)
iii) By-products of dal processing: Chana Chilka, Chana Churi, Chana Khanda
iv) Repacked essentials: Suji, Maida, Dalia, Poha, Roasted Chana, Seviyan, Rice, Pulses, & more

Competitive Strengths

i) Comprehensive Manufacturing Network: Multiple units ensure scale, quality, and quick delivery.
ii) Wide Product Portfolio: Diverse offerings serve varied markets and boost demand.
iii) Efficient Resource Utilization: By-products reused to reduce waste and increase revenue.
iv) Strong Leadership: Experienced promoters drive growth and industry relationships.

Objects of the SSMD Agrotech India Limited IPO:

The Company proposes to utilize the funds towards the following objects: 1. Working Capital Requirement of the Company (₹13.10 cr) 2. Repayment of portion of certain borrowings (₹6.83 cr) 3. Capital Expenditure for setting up of new D2C dark Store factories (₹2.03 cr) 4. Capital Expenditure for Purchase of Machinery for Namkeen Plant (₹0.97 cr) 5. General Corporate Purpose

SSMD Agrotech India Limited IPO Details:

Open Date: Nov 24 2025
Close Date: Dec 26 2025
Total Shares: 28,17,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 33.80 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 114-120 Per Equity Share
Listing At: BSE SME
Listing Date: Dec 01 2025

Promoters And Management:

1. Mr. Jai Gopal Munjal (Chairman, 60 years), A pioneer in the roasted food segment, Mr. Munjal began his journey in 1980 with the popular “Manohar Channe Wala” brand. With 45+ years of FMCG experience, he has shaped SSMD Agrotech into a trusted name in the staples and roasted snacks category. His leadership continues to guide the company’s product innovation and quality-focused growth. 2. Mr. Ishu Munjal (Managing Director, 31 years), B.Tech graduate in IT, he entered the FMCG sector in 2016 and has 9 years of industry experience. Known for his strategic planning and market expansion initiatives, he has played a pivotal role in scaling the House of Manohar brand. He leads business operations, new product rollouts, and overall organization growth, positioning SSMD for sectoral leadership. 3. Mrs. Surbhi Munjal (Whole-Time Director, 32 years), BBA (International Business) and MBA (Marketing & Sales) professional with 8 years of expertise, she manages brand building, sales strategy, and product development. She has driven successful launches like Chana Dal, puffed rice, and Ramdana under the Super S.S. brand. She plays a key role in strengthening SSMD’s retail presence and consumer connect.

Financials of SSMD Agrotech India Limited IPO:

To be updated shortly

Comparison With Peers:

To be updated shortly

Lead Manager of SSMD Agrotech India Limited IPO:

  1. 3Dimension Capital Services Limited

Registrar of SSMD Agrotech India Limited IPO:

  1. Bigshare Services Private Limited

Discussion on SSMD Agrotech India Limited IPO:

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