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SSMD Agrotech India Ltd

RetailIPOSME
₹121 - 121
₹121 - 121

Our company, SSMD Agrotech India Limited, operates its business under the name House 0f Manohar. HOM - House Of Manohar is primarily involved in the manufacturing, trading and repacking of various FMCG products under the company owned various brands including Manohar Agro, Super S.S., Delhi Special and Shree Dhanlaxmi. The company manufactures products such as various varieties of Gram Flour, Chana Dal, Matar Flour, Puffed Rice, Ramdana and other agro food products. The company also manufactures Atta, Mustard Oil, Spices at its D2C Dark Store Factory. The company furthers repack a wide variety of other agro food products and sells it under the company owned brand. The company operates its sales network in both B2B and D2C market space.

Lot1,000Min Invest₹2,42,000Face Value₹10Issue Size₹34 CrFresh Issue₹34 CrListing Price₹73CMP₹56

Timeline

25 Nov
Bidding opens
27 Nov
Bidding closes
28 Nov
Allotment
1 Dec
Refund & demat credit
2 Dec
Listing

Subscription

Subscription opens once dates are announced

Reports

Offer Details

Terms

Issue Size₹34 Cr0.28 Cr shares
Fresh Issue₹34 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 1.02% · NII 49.49% · RETAIL 49.49%

Application Sizes

Retail₹2,42,0001-1 lots
sNII₹2,42,000from 2 lots
bNII₹10,89,000from 9 lots

Managers & Registrar

Lead Manager3Dimension Capital Services Limited
RegistrarBigshare Services Pvt Ltd

Ownership & Proceeds

Shareholding

CategoryPre IPOPost IPOPromoter Group99.99%67.49%Public0.01%32.51%

Objects of the Issue

  1. Funding of Working capital Requirement of the Company
  2. Repayment of portion of certain Borrowings availed by our Company
  3. Capital Expenditure to be incurred by the Company for the setting up of new D2C dark Store factories
  4. Capital Expenditure to be incurred by the Company For purchase of machinery for setting up of Namkeen Plant.
  5. General Corporate Purpose

Financials

Profit & Loss

Financial YearFY24FY25FY26
RevenueCr299115
Operating ProfitCr098
OPM%1.18.67.2
PBTCr077
PATCr056
EPS31017

Balance Sheet

Financial YearFY24FY25FY26
Equity CapitalCr019
ReservesCr0631
BorrowingsCr061
Total AssetsCr11849

Cash Flow

Financial YearFY24FY25FY26
Operating Cash FlowCr02-10
Investing Cash FlowCr0-10
Financing Cash FlowCr0-122
Net Cash FlowCr0112

Strengths & Risks

Strengths · as stated in the DRHP
  • Diversified range of services offered.
  • Strong Client base.
  • Experience of our Promoter and core management team.
  • Quality Assurance.
  • Cost competitiveness and time bound delivery.
  • Innovative Approch to 10-Minute Delivery Model.
Show all 8 strengths
Strategies · as stated in the DRHP
  • Expansion of Business through D2C Business Model Strategy.
  • Expanding the Product Portfolio.
  • Focus on Meeting Quality Standards.
Risks · as stated in the DRHP
  • We have certain outstanding litigation against our Promoters, director and Group Companies an adverse outcome of which may have an adverse impact on our reputation, business and results of operations.
  • We have experienced negative cash flows in the past. Any such negative cash flows in the future may adversely affect our business, financial condition, results of operations and prospects.
  • We are dependent on and derive a substantial portion of our revenue from a limited number of customers Cancellation by customers or a delay or reduction in their orders could have material adverse effect on our business, results of operations and financial condition.
  • Our business is subject to seasonal volatility, which may contribute to fluctuations in our results of operations and financial condition.
  • Our Company's logo and some other Trademnarks for which the Company has applied is not registered as on the date of this Red Herring Prospectus. We may be unable to adequately protect our intellectual Property. Also, we Cannot assure the timely registration of our logo.
  • There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC.
Show all 43 risks