December 10, 2025
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Stanbik Agro IPO
Stanbik Agro Ltd. is launching a fixed-price SME IPO of Rs. 12.28 crore, comprising an entirely fresh issue of 40,92,000 equity shares.
The IPO opens on December 12, 2025 and closes on December 16, 2025.
The allotment is expected on December 17, 2025, and the listing is tentatively scheduled for December 19, 2025 on BSE SME.
The issue price is Rs. 30 per share, and the lot size is 2,000 shares.
The minimum investment for retail investors is Rs. 1,20,000 (4,000 shares), and for HNI investors, Rs. 3,00,000 (10,000 shares).
Lead Manager: Grow House Wealth Management Pvt. Ltd.
Registrar: Purva Sharegistry (India) Pvt. Ltd.
Market Maker: Mnm Stock Broking Pvt. Ltd.
🕗 Last Update: 10 December 2025, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | December 12, 2025 |
| IPO Close Date | December 16, 2025 |
| Allotment Date | December 17, 2025 |
| Refunds Initiation | December 18, 2025 |
| Credit to Demat | December 18, 2025 |
| Listing Date | December 19, 2025 |
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price | Rs. 30 per share |
| Lot Size | 2,000 shares |
| Sale Type | Fresh Issue |
| Total Issue Size | 40,92,000 shares (Rs. 12.28 Cr) |
| Market Maker Portion | 2,08,000 shares (Rs. 0.6240 Cr) – Mnm Stock Broking Pvt. Ltd. |
| Net Offer to Public | 38,84,000 shares (Rs. 11.65 Cr) |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Shareholding Pre-Issue | 92,30,847 shares |
| Shareholding Post-Issue | 1,33,22,847 shares |
Reservation
| Investor Category | Shares Offered | % of Issue |
|---|---|---|
| Market Maker | 2,08,000 | 5.08% |
| NII (HNI) | 19,44,000 | 47.46% |
| Retail Investors | 19,44,000 | 47.46% |
| Total | 40,96,000 | 100% |
Application Details
| Application | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | Rs. 1,20,000 |
| Retail (Max) | 4 | 12,000 | Rs. 3,60,000 |
| HNI (Min) | 5 | 10,000 | Rs. 3,00,000 |
Promoter Holding
| Particulars | Percentage |
|---|---|
| Pre-Issue | 98.92% |
| Post-Issue | 68.54% |
Promoters: Mr. Ashokbhai Dhanajibhai Prajapati and Mr. Chirag Ashokbhai Prajapati
About Stanbik Agro Ltd.
Incorporated in 2021, Stanbik Agro Ltd. is engaged in the manufacturing, wholesaling and supply of agricultural commodities, offering fresh fruits and vegetables directly from farm to table. The company focuses on sustainability, consistency and quality across its operations.
Stanbik Agro operates through three integrated business verticals:
-
Contract Farming – Works with farmers to cultivate sesame, cumin, cotton and other crops as per land suitability.
-
Modern Retailing – Supplies farm-fresh produce directly to consumers through organised retail channels.
-
B2B Supply – Supplies bulk quantities to wholesalers, traders and institutional buyers, including e-commerce B2B platforms.
By integrating farming, retail and B2B distribution, the company ensures efficient movement of fresh produce across the value chain. As of 2025, Stanbik Agro employs 16 people.
Competitive Strengths
• Integrated farm-to-consumer model
• Strong network of contract farmers
• Efficient B2B distribution capability
• Focus on sustainable agricultural practices
• Low debt and strong financial improvement YOY
Financial Snapshot (Rs. crore)
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 22.54 | 19.05 | 17.26 | 7.91 |
| Total Income | 35.55 | 52.49 | 26.55 | 19.96 |
| PAT | 2.22 | 3.74 | 1.85 | 1.02 |
| EBITDA | 2.83 | 4.58 | 2.12 | 1.09 |
| Net Worth | 18.97 | 16.74 | 2.88 | 1.03 |
| Total Borrowing | 0.10 | 0.09 | 0.32 | 0.00 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 22.33% |
| ROCE | 27.02% |
| Debt/Equity | 0.02 |
| RoNW | 22.33% |
| PAT Margin | 7.12% |
| EBITDA Margin | 8.73% |
| Price to Book | 1.65 |
Pre-Issue EPS: Rs. 4.05
Post-Issue EPS: Rs. 3.34
Post-Issue P/E: 8.98×
Objects of the Issue
| S.No. | Purpose | Amount (Rs. Cr.) |
|---|---|---|
| 1 | Expansion of retail network via new outlets | 3.58 |
| 2 | Brokerage charges | 0.19 |
| 3 | Security deposits | 0.37 |
| 4 | Working capital requirement | 6.39 |
| 5 | General corporate purposes | 1.20 |
Company Contact
Stanbik Agro Ltd.
D 1106, Titanium City Centre,
Near Sachin Tower, 100 Feet Road,
S A C, Ahmedabad,
Ahmedabad City, Gujarat, India, 380015
Ms. Pooja Manthan Patel
Company Secretary & Compliance Officer
Email ID: info@stanbikagro.com
Lead Manager
Grow House Wealth Management Pvt. Ltd.
Registrar
Purva Sharegistry (India) Pvt. Ltd.
📞 +91-022-23018261 / 23016761
🌐 https://www.purvashare.com/investor-service/ipo-query
Chanakya IPO Review – by Paresh Gordhandas, CA & Research Analyst
Stanbik Agro has demonstrated strong growth, with revenue up 98% and PAT up 102% in FY25. The company benefits from a diversified, integrated model across farming, retail and B2B supply, supported by low debt and improving margins.
Valuations appear reasonable with a post-issue P/E of 8.98× and PB of 1.65, which is attractive compared to several SME peers. However, the business remains small in scale with only 16 employees, and scalability of retail expansion must be monitored.
Chanakya View: Suitable for medium-term investors. Fair valuation + strong growth = moderate listing gains possible depending on subscription momentum.
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
