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Stanbik Agro IPO
The Stanbik Agro IPO issue size is ₹12.28 crores, with a fresh issue of 40.92 lakh equity shares. It is an SME IPO with an issue price of ₹30 per share (face value ₹10).
The issue will open on 12 December 2025 and close on 16 December 2025, with the basis of allotment expected on 17 December 2025. The shares are to be listed on the BSE SME platform on 19 December 2025.
Stanbik Agro Ltd. is ready for its Initial Public Offering (IPO) on the BSE SME platform. It is an integrated agro-commodity company. Stanbik has evolved from trading to a "farm-to-table" model, capturing value across the agricultural supply chain. Below is a detailed breakdown of the company's background, operations, financials and IPO specifics.
Company Background
The company was incorporated in 2021 and its headquarters are in Ahmedabad, Gujarat. Stanbik Agro Limited is an agribusiness company. It is engaged in contract farming, wholesaling and supplying agricultural commodities with a strong focus on fresh fruits and vegetables.
The company operates on a farm-to-table model, sourcing produce directly from leased and contract-farming land and APMC markets, and supplying it through a mix of retail outlets, wholesale channels and B2B and e-commerce partners.
Operations and Product Range
Facility and Operations
Stanbik Agro operates on an integrated farm-to-table model. It is built around contract farming. It leases agricultural land and sources from APMC markets, with a primary focus on fresh fruits, vegetables and selected field crops such as sesame, cumin and cotton.
The company manages post-harvesting, grading, storage and distribution through its own facilities and organized logistics. It enables an efficient movement of produce from farms to retail outlets, wholesalers and B2B buyers.
Product Range and Market Presence
Stanbik Agro’s product portfolio includes seasonal fresh fruits, leafy and regular vegetables, and agricultural commodities cultivated under contract farming, such as sesame, cumin and cotton. It is complemented by sourcing from partner farmers and mandis. The company serves multiple customer segments through modern retail outlets, bulk B2B supplies and partnerships with large e-commerce and B2B platforms, giving it presence across both urban and semi-urban markets.
Revenue Channels
Stanbik Agro generates revenue from three main verticals:
- • Contract farming operations, where produce is grown from leased and partner-farmer land (including sesame, cumin, cotton and vegetables). It is sold into its retail and B2B channels.
- • Modern retail (B2C) sales of fresh fruits and vegetables are operated through its own organized retail outlets and associated storage facilities.
- • B2B supply of agricultural commodities and fresh produce in bulk to wholesalers, traders, institutional buyers and B2B e-commerce platforms, providing scale and recurring demand.
Management and Shareholding
Mr. Ashokbhai Dhanajibhai Prajapati and Mr. Chirag Ashokbhai Prajapati are promoters of Stanbik Agro Ltd. They have transformed the company from a regional agro-trading and farming enterprise into an integrated farm-to-table platform with contract farming, modern retail and B2B operations.
The promoters have been closely involved in building the company’s farmer network, scaling its retail and B2B channels and strengthening supply-chain capabilities across sourcing, storage and distribution.
Pre-IPO, the promoter group collectively holds about 98.9% of Stanbik Agro’s equity share capital. It reflects tight promoter ownership and control.
Post-IPO, their stake is expected to reduce to around 68.5%, with roughly 30% of the post-issue equity offered to public investors, enabling meaningful public participation while maintaining majority promoter control over the company.
Board Members
The Managing Director of Stanbik Agro is Mr. Ashokbhai Dhanajibhai Prajapati. Mr. Chirag Ashokbhai Prajapati is the Executive Director. Mrs. Pooja Manthan Patel, Ms. Arzoo Rabari, Ms. Priyanka Sharma is the Company Secretary & Compliance Officer, Independent Director and Non-Executive Independent Director, respectively.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Stanbik Agro IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Stanbik Agro IPO Details
| Detail | Description |
|---|---|
| IPO Date | Friday, December 12, 2025 to Tuesday, December 16, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,92,000 shares (aggregating up to ₹12.28 Cr) |
| Reserved for Market Maker | 2,08,000 shares (aggregating up to ₹0.6240 Cr) Mnm Stock Broking Pvt.Ltd. |
| Net Offered to Public | 38,84,000 shares (aggregating up to ₹11.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 92,30,847 shares |
| Share Holding Post Issue | 1,33,22,847 shares |
Stanbik Agro IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Friday, December 12, 2025 |
| IPO Close Date | Tuesday, December 16, 2025 |
| Tentative Allotment | Wednesday, December 17, 2025 |
| Initiation of Refunds | Thursday, December 18, 2025 |
| Credit of Shares to Demat | Thursday, December 18, 2025 |
| Tentative Listing Date | Friday, December 19, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tuesday, December 16, 2025 |
Stanbik Agro IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 8,000 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 8,000 | ₹2,40,000 |
| S-HNI (Min) | 3 | 12,000 | ₹3,60,000 |
Stanbik Agro IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | - |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • It experienced explosive revenue growth to ₹28.4 crore in FY2025 (+112% YoY) with PAT ₹2.1 crore (+145% YoY). The company experiences a robust EBITDA margin of 18% and ROE of 22%.
- • With an integrated farm-to-table operation spanning contract farming, APMC sourcing, post-harvest processing, storage and multi-channel distribution.
- • It has a strong network of 150 or more contract farmers and leased land producing high-demand fruits, vegetables and commodities such as sesame/cumin with a reliable year-round supply.
- • The company enjoys diversified revenue across modern retail outlets, B2B bulk sales and e-commerce partnerships, reducing seasonality risks and enabling 35% more repeat business.
- • The business model is scalable with cold-chain facilities and logistics. It serves in urban/semi-urban markets. It has positioned itself for agro-commodity expansion amid rising organized retail demand.
Stanbik Agro IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2025 | 22.54 | 35.55 | 2.22 | 18.97 | 0.10 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 19.05 | 52.49 | 3.74 | 16.74 | 0.09 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 17.26 | 26.55 | 1.85 | 2.88 | 0.32 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 7.91 | 19.96 | 1.02 | 1.03 | 0.00 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 22.33% |
| ROCE | 27.02% |
| Debt/Equity | 0.02 |
| RoNW | 22.33% |
| PAT Margin | 7.12% |
| EBITDA Margin | 8.73% |
| Price to Book Value | 1.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | ||
| P/E (x) |
Stanbik Agro IPO Proceeds Objective
The company requires funding for inventory purchases of fresh fruits, vegetables and agricultural commodities. It helps in supporting its day-to-day operations and supply chain activities.
The primary goal is to establish additional modern retail outlets across Gujarat and strengthen organized distribution channels.
There is a need to cover routine business expenses, strategic initiatives and unforeseen contingencies.
Finally, the goal is to defray the costs associated with the IPO process, including underwriting, legal and regulatory fees.
Conclusion
Stanbik Agro Ltd. provides an opportunity to invest in a growing agri-commodity player with a "farm-to-fork" strategy. The company has shown robust financial growth. It is witnessed by the doubling of its revenue in the last fiscal year. A low P/E ratio relative to the industry is a positive indicator for the company; the pricing appears attractive. However, investors should be concerned about the inherent risks of the agro-industry, such as seasonality and perishability of agricultural goods. This is an SME IPO; it is generally suitable for investors with a higher risk appetite and a longer investment horizon.
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Frequently asked Questions (FAQs )
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1. What is the issue size of Stanbik Agro IPO?
The IPO issue size is ₹12.28 crore and the fresh issue is for 40.92 lakh equity shares.
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2. When will the Stanbik Agro IPO open and close?
It will open on 12 Dec 2025 and will close on 16 Dec 2025 and it's a fixed price IPO.
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3. At what price is the Stanbik Agro IPO offered?
The Stanbik Agro Ltd offers an issue price of ₹30 per equity share and its face value is ₹10.
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4. On which exchange will Stanbik Agro shares be listed?
The shares of Stanbik Agro Ltd will be listed on the BSE SME platform, with a tentative date of December 19, 2025.
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5. What is the minimum investment for retail investors?
A retail investor must apply for at least 8,000 shares, where as HNI minimum is 12,000
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