SSMD Agrotech India, which is involved in the manufacturing, trading, and repacking of agro-food product, has decided to launch its initial share sale for public subscription next week on November 25.
The price band for the offer, which closes on November 27, has been fixed at Rs 114-121 per share. The IPO share allotment will be finalised by November 28, while SSMD shares will be available for trading on the BSE SME effective December 2.
The Delhi-based company, which operates under the brand House of Manohar , aims to raise over Rs 34 crore via initial public offering (IPO) of 28.17 lakh shares at the upper price band.
SSMD Agrotech India intends to utilise Rs 13.1 crore of IPO proceeds for its working capital requirement, and Rs 6.83 crore for repayment of certain borrowings.
Further, Rs 2.03 crore will be used for setting up of new D2C dark store factories, Rs 0.96 crore for purchase of machinery for setting up of Namkeen plant, and the remainder funds for general corporate purpose.
With three manufacturing units, the company distributes its products across key northern and central regions of India through different channels of distribution.
HOM, House of Manohar, has adopted direct-to-consumer model in February 2025 and set up first D2C Dark Store Factory to deliver freshly made and high-quality essentials such as flour, oil, pulses, spices, rice, besan, and other food products within a 10-minute delivery window.
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On the financial front, SSMD has reported profit of Rs 3.8 crore on revenue of Rs 52.1 crore for six months period ended September 2025. In the fiscal year ended March 2025, the profit was at Rs 5.4 crore on revenue of Rs 99.2 crore.
3Dimension Capital Services is acting as the sole merchant banker for the SSMD Agrotech India IPO.
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