Mumbai, Dec. 2 -- The scrip was listed at Rs 73, a discount of 39.67% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 76.65 and a low of Rs 73. About 8.42 lakh shares of the company changed hands at the counter.

SSMD Agrotech India's IPO was subscribed 1.67 times. The issue opened for bidding 25 November 2025 and it closed on 27 November 2025. The price band of the IPO was fixed between Rs 114 to Rs 121 per share.

The IPO comprised fresh issue of 28,17,000 equity shares. The company intends to utilize the net proceeds to fund working capital requirements, repay a portion of its existing borrowings, undertake capital expenditure for se...