Stanbik Agro Limited is launching a BSE SME IPO with a fixed issue price of ₹30/share and a fresh issue size of ₹12.28 crore (no OFS).
This post covers everything an IPO investor checks before applying: business model, issue structure, profit/loss, valuation, risks, and practical application steps.
Stanbik Agro IPO Key Details
IPO Type: SME IPO (BSE SME) | Issue Type: Fixed Price | OFS: Nil (Fresh issue only)
| Item | Details |
|---|---|
| Issue Price | ₹30 per share |
| Issue Size | ₹12.28 crore (40.92 lakh shares) |
| IPO Dates | Dec 12–16, 2025 |
| Allotment (expected) | Dec 17, 2025 |
| Listing (expected) | Dec 19, 2025 (BSE SME) |
| Market Lot | 4,000 shares |
| Minimum Retail Application | 2 lots = 8,000 shares = ₹2,40,000 (as per many broker/IPO pages) |
| Registrar | Purva Sharegistry |
| Lead Manager | Grow House Wealth Management |
| Market Maker Portion | 2,08,000 shares (≈₹0.62 cr) |
Note: Some apps show minimum as 1 lot (₹1,20,000), but multiple IPO trackers + broker pages show minimum retail bid = 8,000 shares (2 lots). For safety, assume ₹2.4L minimum unless your broker confirms otherwise.
What Does Stanbik Agro Do?
Stanbik Agro is an Ahmedabad-based agri commodities player involved in contract farming, wholesaling/B2B supply, and modern retailing of fruits & vegetables.
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In simple words: it operates across the supply chain—procurement/sourcing → distribution → selling to bulk buyers and/or retail routes.
IPO Objectives: Where Will the Money Go?
The company plans to use IPO proceeds mainly for:
- Retail network expansion (new outlets)
- Working capital
- Security deposits + brokerage charges
- General corporate purposes
Stanbik Agro Financials (Revenue + Profit/Loss)
Here are the key reported numbers (₹ Crore):
| Period | Revenue | PAT (Profit After Tax) |
|---|---|---|
| FY23 | 19.96 | 1.02 |
| FY24 | 26.55 | 1.85 |
| FY25 | 52.49 | 3.74 |
| H1 FY26* | 35.55 | 2.23 |
✅ Revenue Growth Graph
✅ Profit (PAT) Growth Graph
*H1 FY26 is half-year; don’t compare it 1:1 with full-year FY numbers.
Valuation: P/E Check at IPO Price
At ₹30/share, many IPO trackers estimate P/E ~5.9x based on FY25 EPS.
How investors should use this:
- Lower P/E can look “cheap, but SME stocks also carry liquidity + volatility risk.
- Always balance valuation with business quality + governance + cashflows.
Subscription Status (Demand)
By the end of the issue, trackers showed overall subscription roughly ~1.45x to ~1.54x (moderate demand).
GMP (Grey Market Premium) Today
Multiple trackers indicated GMP around ₹0 during the IPO window (meaning: market expects flat listing near ₹30, not guaranteed).
GMP is unofficial and can change fast—use it only as a sentiment indicator, not as a decision-maker.
Pros & Cons (Investor View
✅ Pros
- Strong growth trend: Revenue and PAT jumped sharply from FY24 to FY25.
- Low leverage indicators reported by IPO analysts/trackers (Debt/Equity shown low in compiled metrics).
- Fresh issue (no OFS): Money goes to the company for expansion/working capital.
- Planned retail expansion could improve margins if execution is strong.
⚠️ Cons / Risks
- SME IPO risk: low liquidity, higher volatility, operator risk—especially after listing.
- Business depends on the agri supply chain: pricing swings, seasonality, perishability, and logistics disruption. (General sector risk; apply it seriously.)
- GMP ~₹0: market sentiment indicates limited listing-gain expectations.
- High minimum ticket size: retail application can be ₹2.4L if min is 2 lots, limiting participation.
Who Should Consider Applying?
Consider this IPO if:
- You understand SME risk and can hold through volatility.
- You prefer fundamental growth over quick listing pop.
- You’re comfortable with low GMP / moderate subscription signals.
Avoid/be cautious if:
- Your goal is only to list gains (GMP doesn’t support that strongly).
- You can’t lock ₹2.4L safely without affecting your emergency funds.
How to Apply (ASBA / UPI)
You can apply via:
- UPI IPO through broker apps (Zerodha/Upstox/Groww etc.), or
- ASBA through your bank’s NetBanking IPO section.
Checklist before applying
- Correct lot quantity (4,000 per lot; min often 8,000)
- UPI mandate approval before the cutoff time
- Don’t apply for funds you’ll need urgently for 2–4 weeks
Final Verdict (Simple)
Stanbik Agro IPO looks like a “moderate demand + low GMP” SME issue with strong recent financial growth. If you’re an SME-experienced investor and okay with liquidity risk, it can be considered for medium-to-long term. For pure listing gains, the signals are not strong.