In December 2025, India’s SME IPO space continues to see strong traction, with several growth-focused companies from manufacturing, agro and consumer segments tapping the market to raise capital. Investor interest in small and medium enterprises has been supported by healthy subscription trends, improving financial disclosures and growing comfort with niche business models.
Against this backdrop, Stanbik Agro Ltd is set to open its IPO on 12 December 2025. Here is a detailed insight into Stanbik Agro Ltd, its IPO structure, financials and business outlook.
About Stanbik Agro Ltd.
Incorporated in 2021, Stanbik Agro Ltd is engaged in the manufacturing, wholesaling and supply of agricultural commodities, with a focus on delivering fresh fruits and vegetables directly from farm to table. The company emphasises sustainable farming practices, consistency and quality to ensure customer satisfaction.
Its operations are structured across three business verticals:
- Contract Farming
Engages with farmers to cultivate crops such as sesame, cumin and cotton based on land suitability. - Modern Retailing
Provides farm-fresh produce directly to consumers through modern retail channels, ensuring accessibility and quality. - B2B Supply
Serves wholesalers, traders and bulk buyers by supplying large quantities of agricultural commodities, including through e-commerce B2B platforms.
By integrating these verticals, Stanbik Agro connects farmers with both retail and institutional buyers, enabling efficient distribution of fresh, high-quality produce. As of 2025, the company has 16 employees supporting its operations.
Stanbik Agro IPO Details
Stanbik Agro IPO is a fixed price issue of ₹12.28 crore, entirely a fresh issue of 0.41 crore shares.
The IPO price is ₹30 per share, and the equity shares will be listed on the BSE SME platform.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Friday, December 12, 2025 |
| IPO Close Date | Tuesday, December 16, 2025 |
| Tentative Allotment Date | 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 |
Key IPO Details
| IPO Date | Fri, Dec 12, 2025 to Tue, Dec 16, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| 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) |
| Share Holding Pre Issue | 92,30,847 shares |
| Share Holding Post Issue | 1,33,22,847 shares |
| Lead Manager | Grow House Wealth Management Pvt. Ltd. |
| Registar | Purva Sharegistry (India) Pvt. Ltd. |
| Market Maker | Mnm Stock Broking Pvt. Ltd. |
Stanbik Agro IPO Reservation
Stanbik Agro IPO offers a total of 40,96,000 shares, allocated as follows:
| Investor Category | Shares Offered |
| Market Maker | 2,08,000 (5.08%) |
| NII (HNI) | 19,40,000 (47.41%) |
| Retail (RII) | 19,44,000 (47.51%) |
| Total | 40,92,000 (100%) |
Stanbik Agro IPO Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereafter.
| Application Category | Lots | Shares | Amount |
| Retail (Min) | 2 | 8,000 | ₹2,40,000 |
| Retail (Max) | 2 | 8,000 | ₹2,40,000 |
| HNI (Min) | 3 | 12,000 | ₹3,60,000 |
Stanbik Agro Ltd. Financials
Stanbik Agro has reported strong growth, with revenue increasing by 98% and profit after tax (PAT) rising by 102% between FY24 and FY25.
Key Company Financials (Restated Consolidated – ₹ 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 |
| Profit After Tax (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 |
| Reserves and Surplus | 9.74 | 7.51 | 0.88 | 1.02 |
| Total Borrowing | 0.10 | 0.09 | 0.32 | 0.00 |
Key Performance Indicators (KPI)
As of March 31, 2025:
| KPI | Value |
| Return on Equity (ROE) | 22.33% |
| Return on Capital Employed (ROCE) | 27.02% |
| Debt to Equity | 0.02 |
| Return on Net Worth (RoNW) | 22.33% |
| PAT Margin | 7.12% |
| EBITDA Margin | 8.73% |
| Price to Book Value | 1.65 |
Pre IPO vs Post IPO Metrics
| Metric | Pre IPO | Post IPO |
| EPS (₹) | 5.09 | 3.34 |
| P/E (x) | 5.9 | 8.98 |
| Promoter Holding | 98.92% | 68.54% |
The promoters of the company are Mr. Ashokbhai Dhanajibhai Prajapati and Mr. Chirag Ashokbhai Prajapati.
Stanbik Agro IPO: Peer Comparison
Stanbik Agro IPO can be compared with peers such as Avanti Feeds Ltd, Godrej Agrovet Ltd, ADF Foods Ltd, KRBL Ltd and LT Foods Ltd. Reviewing these companies helps investors gauge Stanbik Agro’s position in the broader agro and food supply ecosystem and make more informed investment decisions.
Objects of the Issue: How Will Stanbik Agro Use the Funds?
The company proposes to utilise the net proceeds from the IPO towards the following objectives:
| S.No. | Objects of the Issue | Expected Amount (₹ in crore) |
| 1 | Expansion of the retail network by launching new retail outlets | 3.58 |
| 2 | Brokerage charges | 0.19 |
| 3 | Security deposits | 0.37 |
| 4 | Working capital requirements | 6.39 |
| 5 | General corporate purposes | 1.20 |
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Conclusion
Stanbik Agro Ltd. offers investors exposure to the agri and fresh produce supply chain, with an integrated business model spanning contract farming, modern retail and B2B supply. The company has reported strong growth in revenue and profitability, operates with very low leverage and plans to use IPO proceeds primarily for retail expansion and working capital.
However, investors should keep in mind that this is a BSE SME listing, which generally involves lower liquidity and higher risk compared to mainboard companies. As with any IPO, prospective investors should carefully assess their risk appetite and investment horizon, and consider consulting a financial adviser before applying.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
