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.