Stanbik Agro Ltd IPO
Status: Closed
Overview
IPO date
12 Dec 2025 to 16 Dec 2025
Face value
₹ 10 per share
Price
₹ 30 to ₹30 per share
Issue Size
4,092,000 shares
(aggregating up to ₹ 12.28 Cr)
(aggregating up to ₹ 12.28 Cr)
Allotment Date
17 Dec 2025
Listing at
NSE
Issue type
Fixed Price - SME
Sector
Trading
Objectives of Stanbik Agro Ltd IPO
Stanbik Agro Ltd IPO Strategy
About Stanbik Agro Ltd
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T&C*
Strengths vs Risks of Stanbik Agro Ltd
Know the pros & cons
Strengths
Established and proven track record.- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Risks
- The company does not maintain long-term contracts with its third-party suppliers, and the company's business may be adversely affected by a shortfall in supply, or increase in price of materials.
- The Company is substantially reliant on its Promoters, Managing Director & KMPs for mentoring and growth of our Businesses. The company's inability to continue to receive such support from any of such persons in power and supervision could materially affect the Company's operations. Further, the company's ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.
- The agro business is highly seasonal and such seasonality may affect its operating results and cash flow of the Company.
- The company is heavily dependent on certain suppliers and customers for procurement and sale of its traded goods. Any disruption in supply or offtake from such entities may affect the company's business operations.
- The Company has not entered into any long-term contracts with the company's customers and the company typically operate on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and profitability.
- The properties used by the Company for the purpose of its operations are not owned by the company. Any termination of the relevant lease agreement or rent agreement in connection with such properties or the company's failures to renew the same could adversely affect its operations.
- The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The Company faces competition from established players. The company's failures to effectively compete may reduce its profitability and results of operations.
- The company may be subject to product liability claims from its customers. Any claims arising from such liabilities may harm the company's reputation, require the company to incur substantial costs and/or have an adverse impact on its business, financial conditions and results of operations.
- The improper handling, processing or storage of the company's products or materials (both present or future), or spoilage of and damage to such products or materials, or any real or perceived contamination in the company's products or materials, could subject the company to regulatory action, damage its reputation and have an adverse effect on the company's business, results of operations and financial condition.
- The Company faces a high employee attrition rate, which can negatively impact its business operations and growth.
- The company has certain outstanding litigation involving the Company, Promoters and Directors, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- The company is promoted by first generation entrepreneurs, and their limited experience and industry networks may affect its business growth and prospects.
- The use of pesticides and other hazardous substance in the company's operations may lead to loss of nutrients in the seeds produced and also may lead to environmental damage and result in increased costs.
- The company's inability to maintain the stability of its distribution network and attract additional high quality dealers may have an adverse effect on the company's result of operations and financial conditions.
- The company's ability to deliver its products in a timely manner is crucial to the company's business and results of operations.
- Out of twenty, fifteen outlets which company is proposing to open is geographically concentrated in Ahmedabad, which exposes the company to location-specific risks.
- The company's outlets and godown currently operate without CCTV surveillance, absence of CCTV Camera at Outlets and Godown may pose security risks and adversely affect the company's operations and financial performance.
- Product defects, including substandard or contaminated products, if delivered to customers, may result in complaints, product returns, reputational damage, and potential legal claims, adversely affecting the company's financial performance and operations.
- In addition to normal remuneration, other benefits and reimbursement of expenses, some of its Directors (including the company's Promoter) are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- The company has entered into related party transactions and may continue to do so in the future.
- The company's insurance coverage does not adequately protect the company against losses (including damages or loss caused to the Products), and successful claims against the company that exceed its insurance coverage could harm the company's results of operations and diminish its financial position.
- The company is exposed to the risk of delays or non-payment by our clients and other counterparties, which may also result in cash flow mismatches.
- The company's to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- The company's business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company's revenue and results of operations.
- Adverse publicity regarding its products could negatively impact the company.
- Dependence upon transportation services for supply and transportation of the company's products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- Delays or defaults in client payments could affect its operations.
- The company's operations are subject to high working capital requirements. If the company is unable to generate sufficient cash flows to allow the company to make required payments, there may be an adverse effect on its results of operations.
- The deployment of funds raised through this Issue is subject to Monitoring Agency and shall also be dependent on the discretion of the management of the Company.
- The company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company's capital needs, which the company may not be able to procure and any future equity offerings by the company.
- The company has availed unsecured loans from its Promoters that can be recalled at any time, such demand may materially and adversely affect the company's business, cash flows, financial condition and results of operations.
- The company has not complied with certain statutory provisions with respect to filing forms of the Companies Act. Such non-compliance may attract penalties and prosecution against the Company and its Directors which could impact the financial position of us to that extent.
- There have been certain inadvertent inaccuracies, delay and non-compliances with respect to certain regulatory filings and corporate actions taken by the Company. Consequently, we may be subject to regulatory actions and penalties for any past or future non-compliance and the company's business and financial condition may be adversely affected.
- If the company is not able to obtain, renew or maintain the company's statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company's business, results of operations and financial condition.
- The Company has applied for registration of the trademarks in its name. Until such registration is granted,the company may not be able to prevent unauthorized use of such trademarks by third parties, which may lead to the dilution of its goodwill.
- The company's Business is dependent on adequate and uninterrupted supply of electrical power and water at a reasonable cost. Failures on account of unavailability of electrical power and water may restrict the company in utilizing its full capacity and hence, may impact the company's business and result of operations.
- None of our Directors does not have prior experience of being a Director of a Listed Company, which may expose us to compliance and governance risks.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect the company's growth plans, operations and financial performance.
- The acquisition targets for the company's proposed retail outlets have not been identified, which may delay deployment of Issue proceeds and implementation of its expansion plan.
- The average cost of acquisition of Equity Shares by the company's Promoter may be less than the Issue Price.
- Wage increases in India may reduce the company's profit margins.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company relies significantly on supplier-managed cold storage and warehousing facilities in addition to the company's own godown, and any inadequacy in such facilities could lead to product spoilage, increased costs, and reputational harm.
- The Company is yet to place 100% orders for the Machinery for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement may delay the company's implementation schedule and may also lead to increase in price of these plant & machinery, further affecting the company's revenue and profitability.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The company has not independently verified certain data in this Prospectus.
- If the company is unable to successfully implement its proposed expansion plans; the company's results of operations and financial condition could be adversely affected.
- Portion of its Issue Proceeds are proposed to be utilized for general corporate purposes which constitute upto 119.76 lakhs of the Issue Proceed. As on date the company has not identified the use of such funds.
- There is no assurance that the Equity Shares issued pursuant to the Offer will be listed on the BSE SME Platform of BSE Limited in a timely manner, or at all.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Issue price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by the company's Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Sale of shares by the company's promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.
- Limited or sporadic trading of specified securities of the Company on the Stock Exchanges
- The company's operating results may fluctuate significantly and could fall below the expectations of securities analysts and investors due to various factors.
- The company's business is substantially affected by prevailing economic, political and other prevailing conditions in India.
Stanbik Agro Ltd Peer Comparison
Understand the company’s industry standing
Stanbik Agro Limited
Prime fresh Limited
City Crops Agro Limited
Face Value
10
10
10
Standalone / Consolidated
Standalone
Consolidated
Consolidated
Total Income Rs. Cr.
---
---
---
EPS-Basis
2.41
4.4
-3.59
EPS-Diluted
---
---
---
NAV Per Share
---
---
---
P/E-Basic EPS
12.45
57.03
---
P/E-Diluted EPS
---
---
---
RONW(%)
11.73
7.29
-22.63
Latest NAV Period
---
---
---
Latest NAV
---
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The IPO opens on 12 Dec 2025 & closes on 16 Dec 2025.
Stanbik Agro Limited was originally incorporated as a Private Limited Company by the name of 'Stanbik Commercial Private Limited' on February 10, 2021, issued by the Registrar of Companies, Central Registration Centre. Subsequently, the name of Company was changed to 'Stanbik Agro Private Limited' on March 21, 2024 and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre. Thereafter, status of the Company was converted into Public Limited and the name of Company was changed to 'Stanbik Agro Limited' vide a fresh Certificate of Incorporation dated July 08, 2024.
The Company carries on the business of manufacturing, wholesaling and supplying of agricultural commodities. Company was founded in 2021 to bring fresh fruits and vegetables directly from the farm to the table while promoting sustainable farming practices. Historically, the business operations included trading in pulses and cereals under the management of the previous promoters. After the induction of the current promoters, who have significant expertise in trading of fruits and vegetables, Company shifted the focus to these segments. This strategic change allowed the Company to concentrate on higher-margin products and leverage the promoters' experience in production and distribution.
Since then, Company has earned a reputation as the reliable supplier of these products. Company has acquired the partnership firm 'Jay Chamunda Trading Company,' owned by the present Promoters Ashokbhai Dhanajibhai Prajapati and Chirag Ashokbhai Prajapati, via Business Transfer Agreement.
Company is planning to raise funds via initial public offering of Rs 12.27 Cr equity shares of face value of Rs 10 each through Fresh Issue.
Stanbik Agro Ltd IPO will close on 16 Dec 2025.
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Ashokbhai Dhanajibhai Prajapat | 2860020 | 30.98 | 2860020 | 21.47 |
| 2 | Chirag Ashokbhai Prajapati | 6270827 | 67.93 | 6270827 | 47.07 |
- The company does not maintain long-term contracts with its third-party suppliers, and the company's business may be adversely affected by a shortfall in supply, or increase in price of materials.
- The Company is substantially reliant on its Promoters, Managing Director & KMPs for mentoring and growth of our Businesses. The company's inability to continue to receive such support from any of such persons in power and supervision could materially affect the Company's operations. Further, the company's ability to attract, train and retain executives and other qualified employees is critical to its business, results of operations and future growth.
- The agro business is highly seasonal and such seasonality may affect its operating results and cash flow of the Company.
- The company is heavily dependent on certain suppliers and customers for procurement and sale of its traded goods. Any disruption in supply or offtake from such entities may affect the company's business operations.
- The Company has not entered into any long-term contracts with the company's customers and the company typically operate on the basis of orders received on hand. Inability to maintain regular order flow would adversely impact its revenues and profitability.
- The properties used by the Company for the purpose of its operations are not owned by the company. Any termination of the relevant lease agreement or rent agreement in connection with such properties or the company's failures to renew the same could adversely affect its operations.
- The Company had negative cash flow in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
- The Company faces competition from established players. The company's failures to effectively compete may reduce its profitability and results of operations.
- The company may be subject to product liability claims from its customers. Any claims arising from such liabilities may harm the company's reputation, require the company to incur substantial costs and/or have an adverse impact on its business, financial conditions and results of operations.
- The improper handling, processing or storage of the company's products or materials (both present or future), or spoilage of and damage to such products or materials, or any real or perceived contamination in the company's products or materials, could subject the company to regulatory action, damage its reputation and have an adverse effect on the company's business, results of operations and financial condition.
- The Company faces a high employee attrition rate, which can negatively impact its business operations and growth.
- The company has certain outstanding litigation involving the Company, Promoters and Directors, an adverse outcome of which may adversely affect its business, reputation and results of operations.
- The company is promoted by first generation entrepreneurs, and their limited experience and industry networks may affect its business growth and prospects.
- The use of pesticides and other hazardous substance in the company's operations may lead to loss of nutrients in the seeds produced and also may lead to environmental damage and result in increased costs.
- The company's inability to maintain the stability of its distribution network and attract additional high quality dealers may have an adverse effect on the company's result of operations and financial conditions.
- The company's ability to deliver its products in a timely manner is crucial to the company's business and results of operations.
- Out of twenty, fifteen outlets which company is proposing to open is geographically concentrated in Ahmedabad, which exposes the company to location-specific risks.
- The company's outlets and godown currently operate without CCTV surveillance, absence of CCTV Camera at Outlets and Godown may pose security risks and adversely affect the company's operations and financial performance.
- Product defects, including substandard or contaminated products, if delivered to customers, may result in complaints, product returns, reputational damage, and potential legal claims, adversely affecting the company's financial performance and operations.
- In addition to normal remuneration, other benefits and reimbursement of expenses, some of its Directors (including the company's Promoter) are interested in the Company to the extent of their shareholding and dividend entitlement in the Company.
- The company has entered into related party transactions and may continue to do so in the future.
- The company's insurance coverage does not adequately protect the company against losses (including damages or loss caused to the Products), and successful claims against the company that exceed its insurance coverage could harm the company's results of operations and diminish its financial position.
- The company is exposed to the risk of delays or non-payment by our clients and other counterparties, which may also result in cash flow mismatches.
- The company's to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
- The company's business operations are majorly concentrated in certain geographical regions and any adverse developments affecting its operations in these regions could have a significant impact on the company's revenue and results of operations.
- Adverse publicity regarding its products could negatively impact the company.
- Dependence upon transportation services for supply and transportation of the company's products are subject to various uncertainties and risks, and delays in delivery may result in rejection of products by customer.
- Delays or defaults in client payments could affect its operations.
- The company's operations are subject to high working capital requirements. If the company is unable to generate sufficient cash flows to allow the company to make required payments, there may be an adverse effect on its results of operations.
- The deployment of funds raised through this Issue is subject to Monitoring Agency and shall also be dependent on the discretion of the management of the Company.
- The company's Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.
- The company may requires further equity issuance, which will lead to dilution of equity and may affect the market price of its Equity Shares or additional funds through incurring debt to satisfy the company's capital needs, which the company may not be able to procure and any future equity offerings by the company.
- The company has availed unsecured loans from its Promoters that can be recalled at any time, such demand may materially and adversely affect the company's business, cash flows, financial condition and results of operations.
- The company has not complied with certain statutory provisions with respect to filing forms of the Companies Act. Such non-compliance may attract penalties and prosecution against the Company and its Directors which could impact the financial position of us to that extent.
- There have been certain inadvertent inaccuracies, delay and non-compliances with respect to certain regulatory filings and corporate actions taken by the Company. Consequently, we may be subject to regulatory actions and penalties for any past or future non-compliance and the company's business and financial condition may be adversely affected.
- If the company is not able to obtain, renew or maintain the company's statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company's business, results of operations and financial condition.
- The Company has applied for registration of the trademarks in its name. Until such registration is granted,the company may not be able to prevent unauthorized use of such trademarks by third parties, which may lead to the dilution of its goodwill.
- The company's Business is dependent on adequate and uninterrupted supply of electrical power and water at a reasonable cost. Failures on account of unavailability of electrical power and water may restrict the company in utilizing its full capacity and hence, may impact the company's business and result of operations.
- None of our Directors does not have prior experience of being a Director of a Listed Company, which may expose us to compliance and governance risks.
- The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Any shortfall in raising / meeting the same could adversely affect the company's growth plans, operations and financial performance.
- The acquisition targets for the company's proposed retail outlets have not been identified, which may delay deployment of Issue proceeds and implementation of its expansion plan.
- The average cost of acquisition of Equity Shares by the company's Promoter may be less than the Issue Price.
- Wage increases in India may reduce the company's profit margins.
- The future operating results are difficult to predict and may fluctuate or adversely vary from the past performance.
- The company relies significantly on supplier-managed cold storage and warehousing facilities in addition to the company's own godown, and any inadequacy in such facilities could lead to product spoilage, increased costs, and reputational harm.
- The Company is yet to place 100% orders for the Machinery for its proposed object, as specified in the Objects of the Issue. Any delay in placing orders, procurement may delay the company's implementation schedule and may also lead to increase in price of these plant & machinery, further affecting the company's revenue and profitability.
- Any variation in the utilization of the Net Proceeds as disclosed in this Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.
- The company has not independently verified certain data in this Prospectus.
- If the company is unable to successfully implement its proposed expansion plans; the company's results of operations and financial condition could be adversely affected.
- Portion of its Issue Proceeds are proposed to be utilized for general corporate purposes which constitute upto 119.76 lakhs of the Issue Proceed. As on date the company has not identified the use of such funds.
- There is no assurance that the Equity Shares issued pursuant to the Offer will be listed on the BSE SME Platform of BSE Limited in a timely manner, or at all.
- Delay in raising funds from the IPO could adversely impact the implementation schedule.
- The Issue price of its Equity Shares may not be indicative of the market price of the company's Equity Shares after the Issue and the market price of its Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.
- Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by the company's Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- Sale of shares by the company's promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
- There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.
- Limited or sporadic trading of specified securities of the Company on the Stock Exchanges
- The company's operating results may fluctuate significantly and could fall below the expectations of securities analysts and investors due to various factors.
- The company's business is substantially affected by prevailing economic, political and other prevailing conditions in India.
The Issue type of Stanbik Agro Ltd is Fixed Price - SME.
The minimum application for shares of Stanbik Agro Ltd is 8000.
The total shares issue of Stanbik Agro Ltd is 4092000.
Initial public offer of up to 40,94,000 ( Forty Lakhs Ninety Four Thousand ) equity shares of face value of Rs. 10/- ( Rupees Ten Only ) each ("Equity Shares") of Stanbik Agro Ltd ( the "Company" or the "Issuer" ) for cash at a price of Rs. 30 (Rupees Thirty Only ) per equity share, including a share premium of Rs. 20/- ( Rupees Twenty Only ) per equity share ( the "Issue Price"), aggregating to Rs. 12.28 crores ( Rupees Twelve Crores Twenty Eight Lakhs Twenty Thousand Only ) ("The Issue") of which 2,08,000 ( Two Lakhs Eight Thousand ) equity share of face value Rs.10/- ( Rupees Ten Only ) each for cash at a price of Rs.30/- ( Rupees Thirty Only ) per equity share, aggregating to Rs.0.62 Crores ( Rupees Sixty Two Lakhs Forty Thousand Only ) will be reserved for subscription by the market maker to the issue ( the " Marker Maker Reservation Portion " ). The issue less the market maker reservation portion i.e. issue of 38,86,000 ( Thirty Eight Lakhs Eighty Six Thousand ) equity shares of face value of Rs.10 ( Rupees Ten Only ) each for cash at a price of Rs.30/- ( RUpees Thirty Only ) per equity share aggregating to Rs.11.66 Crores ( Rupees Eleven Crores Sixty Five Lakhs Eighty Thousand Only ) is herein after referred to as the " Net Issue ". The issue and the net issue will constitute 30.72% and 29.16% respectively of the post issue paid up equity share capital of the company.
The face value of the equity share is Rs.10/- ( Rupees Ten Only ) each and the issue price is Rs.30/- ( Rupees Thirty Only ) each i.e., 3.0 ( Three ) times of the face value of the equity shares.
The minimum lot size is 2 ( Two ) Lots of 4,000 ( Four Thousand ) Equity shares each.