SSMD Agrotech India IPO Shows Modest Response, Subscribed 1.62x on Day 3

SSMD Agrotech India Limited's initial public offering (IPO) has demonstrated modest investor interest through its third day of subscription. The stock price band is set at ₹114-121 per share. The ₹34.09 crore IPO reached 1.62 times by 3:35:33 PM on day three. 

SSMD Agrotech India IPO qualified institutional buyers segment leads with strong 5.33 times subscription. Individual investors demonstrate moderate participation at 2.54 times. Non-institutional investors show weak interest at 0.62 times. Market makers show complete participation at 1.00 times.

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SSMD Agrotech India IPO subscription reached modest 1.62 times on day three. It was led by Qualified Institutional Buyers Ex-Anchor (5.33x), Individual Investors (2.54x), and Non-Institutional Investors (0.62x). 

SSMD Agrotech India IPO:

Here are the subscription details for SSMD Agrotech India IPO as of Day 3 (November 27, 2025, 3:35:33 PM):

Key Highlights - Day 3:

• Overall subscription reached modest 1.62 times, showing substantial improvement from day two's 0.92 times
• Qualified institutional buyers (ex-anchor) displaying strong performance at 5.33 times, building substantially from day two's 2.00 times, indicating healthy institutional appetite for this agro-food products manufacturer
• Individual investors showing moderate confidence at 2.54 times, building substantially from day two's 1.39 times, indicating improved retail interest for this SME IPO
• Non-institutional investors showing weak performance at 0.62 times, marginally improving from day two's 0.41 times, indicating subdued HNI appetite
• Cumulative bid amount reached ₹52.14 crores, exceeding the net offer size of ₹32.20 crores (excluding market maker portion) by approximately 1.6 times
• Market makers fully subscribed their allocation of ₹1.89 crores

Key Highlights - Day 2:

• Overall subscription reached limited 0.92 times, showing modest improvement from day one's 0.67 times
• Qualified institutional buyers showing moderate performance at 2.00 times, maintaining from day one's 2.00 times
• Individual investors displaying moderate confidence at 1.39 times, building from day one's 0.86 times
• Non-institutional investors showing weak performance at 0.41 times, marginally declining from day one's 0.44 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.67 times, showing cautious initial investor interest
• Qualified institutional buyers showing moderate performance at 2.00 times, indicating measured institutional appetite
• Individual investors displaying limited confidence at 0.86 times, showing subdued retail sentiment

About SSMD Agrotech India Limited

House of Manohar (HOM) originally started as two separate proprietorship firms, Manohar Lal Jaigopal Agro Industries and S.S Agro India, later merged as Shree Dhanlaxmi Flour Mills Private Limited, then renamed to SSMD Agrotech India Private Limited. The company is engaged in the manufacturing, trading, and repacking of agro-food products, operating under four brands: Manohar Agro, Super S.S., Delhi Special, and Shri Dhanlaxmi. Its product portfolio includes Puffed Rice, Ramdana (Cholai), Gram Flour, Matar Flour, Chana Dal, Idli Rava, Rice Powder, and several by-products of Chana Dal.