The SSMD Agrotech India initial public offering (IPO) has opened for subscription, inviting investors to participate in the FMCG and agro-food processing company’s growth story. With a fresh issuance of 28.17 lakh equity shares, the IPO aims to raise ₹34.09 crore. Let’s delve into the details of the SSMD Agrotech IPO, including its subscription status, price band, and important dates.
SSMD Agrotech IPO: Subscription Status
On the first day of subscription, the SSMD Agrotech IPO witnessed encouraging participation from investors across different categories. As of 2:03 pm, the subscription status was as follows:
- Qualified Institutional Buyers (QIBs): Not yet subscribed
- Non-Institutional Investors: 16%
- Individual Investors: 46%
- Total: 30%
SSMD Agrotech IPO: Key Details
The IPO presents an opportunity for investors to become part of SSMD Agrotech India’s journey. The price band for the IPO is set at ₹114-₹121 per equity share, with a lot size of 1,000 shares. This means the minimum investment for an individual investor is 2,000 shares.
SSMD Agrotech IPO: Timeline
Here’s a quick look at the important dates for the SSMD Agrotech IPO:
- Subscription Period: November 25 to November 27
- Basis of Allotment: November 28
- Initiation of Refunds: December 1
- Credit of Shares to Demat Account: December 1
- Listing Date: December 2
SSMD Agrotech IPO: Company Overview
SSMD Agrotech India, established in 2023, specializes in manufacturing, trading, and repacking high-quality agro-food products. Their diverse range includes chana dal, gram flour, idli rava, rice powder, sattu, and puffed rice. These products are marketed under the brands Manohar Agro, Delhi Special, Super S S, and Shree Dhanlaxmi.
SSMD Agrotech IPO GMP
According to market observers, the grey market premium (GMP) for SSMD Agrotech India IPO is ₹126, which is 4.13% over the IPO price.
Disclaimer
Grey Market Premium (GMP) is not regulated by stock exchanges or SEBI. Upstox does not endorse trading in the grey market. Investors should conduct thorough research and consult experts before making investment decisions.
Image Credit: Upstox
