Stanbik Agro IPO opens: Here's what you need to know
Stanbik Agro, based in Ahmedabad, just launched its ₹12.28 crore IPO today.
The offer is open till December 16, with 40.92 lakh new shares up for grabs at ₹30 each.
What does Stanbik Agro actually do?
The company connects farmers and APMC markets to your plate—distributing fresh fruits, veggies, and agri-products through retail stores, wholesalers, and online platforms.
Business has been booming: revenue doubled to ₹52.49 crore in FY25 and net profit jumped 102% to ₹3.74 crore from last year.
Key dates & where the money goes
Share allotment happens on December 17; refunds and demat credits by December 18; listing on BSE SME is set for December 19.
Most of the IPO funds will go toward working capital (52%) and expanding their retail presence (29%), with smaller portions for deposits, brokerage fees, corporate needs, and other expenses.