SSMD Agrotech India Ltd Logo

SSMD Agrotech India Ltd IPO

NSELot: 1000

LISTEDSME
Issue Price121
Listing73
Current50.5
Price Band
114 - ₹121
Lot Size
1,000
Issue Size
₹34.09 Cr
GMP
0
Subscription
0.67x

IPO Schedule

1
Open
25 Nov
2
Close
27 Nov
3
Allotment
28 Nov
4
Listing
2 Dec

About SSMD Agrotech India Ltd

SSMD Agrotech India Ltd is an agro-tech company focusing on the processing and supply of various agricultural products. The company primarily deals with seeds and other inputs required for agriculture, catering to the needs of farmers and agricultural businesses.

Subscription Status

QIB
2.00x
NII
0.44x
Retail
0.86x
CategoryDay 3Day 2Day 1
QIB5.33x2.00x2.00x
NII0.62x0.41x0.44x
Retail2.54x1.39x0.86x
Total1.62x0.92x0.67x

Risk Factors

Susceptibility to fluctuations in agricultural commodity prices and weather conditions can impact profitability.
Competition from established players in the agricultural inputs market.
As an SME, the company may face challenges in scaling operations and securing funding compared to larger corporations.

Promoters & Management

The Promoters of Our Company are Mr. Jai Gopal Munjal, Mr. Ishu Munjal and Mrs. Surbhi Munjal. Our Promoters have rich Experience of 45 years, 9 years and 8 years respectively. Mr. Ishu Munjal serves as the Managing Director of the Company. He holds a Bachelor of Technology (B. Tech) degree in Information Technology. Mr. Munjal has around 9 years of experience began his entrepreneurial journey in 2016 with the incorporation of Grocmart India Private Limited. As both a Promoter and Managing Director, Mr. Munjal brings extensive experience to the organization, with a successful career spanning nine years in the FMCG manufacturing industry. Under his leadership, the House of Manohar has achieved significant milestones, establishing its reputation as a trusted and renowned brand in the FMCG sector. Mr. Munjal is known for his sharp business acumen, and it is largely due to his vision and efforts that the company has attained its current success., Mr. Munjal plays a key role in the company's business operations and expansion.