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Stanbik Agro IPO
Stanbik Agro Ltd
₹1,20,000 /4000 sharesMinimum Investment
Stanbik Agro IPO listing details
| Listed on | Issue price | Listing price | Listing gains |
|---|---|---|---|
| -- | ₹30.00 | ₹31.75 | ₹1.75 (5.83%) |
Stanbik Agro IPO Details
| Bidding dates | Minimum investment | Lot size | Price range |
|---|---|---|---|
| 12 Dec ‘25 - 16 Dec ‘25 | ₹1,20,000 | 4,000 | ₹30 - ₹30 |
| Issue size | IPO doc | Tentative allotment date | Tentative listing date |
|---|---|---|---|
| 12.28 Cr | RHP PDF | 17 Dec ‘25 | 19 Dec ‘25 |
| Face value |
|---|
| 10 |
About Stanbik Agro
Founded in
2021
MD/CEO
Mr Ashokbhai Dhanajibhai Prajapati
Parent organisation
Stanbik Agro Ltd
Strengths & Risks of Stanbik Agro
Strengths
Risks
The company claims to have a strong sourcing network through its connections with farmers, enabling a steady supply of fruits and vegetables. This network allows flexibility in procurement based on seasonal changes and customer demand.
The company claims to prioritise supplying fresh fruits and vegetables by maintaining quality checks across its supply chain. This focus helps ensure consistency in product freshness and nutritional value from procurement to delivery.
The company serves a varied customer base, including B2B wholesalers, distributors, and B2C modern retail consumers. This diversified reach enables Stanbik to distribute its products across different market segments and reduce dependence on any single customer group. B2B and B2C channels allow it to utilise overlapping capabilities such as sourcing, storage, and distribution. This dual model helps the company cater to bulk buyers as well as retail-focused demand.
The company claims to maintain contract farming arrangements with farmers, giving it greater visibility over crop practices and quality. This structure allows the company to monitor farming methods and ensure a consistent supply of specific crops.
The company states that it adjusts its operations in response to market and consumer trends. This includes monitoring changes in the agricultural supply chain and modifying inventory levels to match demand patterns.
The company claims to have adequate storage arrangements, including its own facilities and third-party warehouses, which are accessed through agreements with suppliers. According to its financials, the closing inventory was worth Rs 7.56 crore in FY25, Rs 3.95 crore in FY24, and Rs 7.90 crore in FY23.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 19.96 crore in FY23 to Rs 26.55 crore in FY24 to Rs 52.48 crore in FY25, while PAT increased from Rs 1.01 crore in FY23 to Rs 1.85 crore in FY24 to Rs 3.74 crore in FY25.
The company does not maintain long-term agreements with all its suppliers, leaving a portion of its supply chain exposed to fluctuations in pricing and availability. Since the company relies entirely on third-party manufacturers for fruits and vegetables, it has limited control over production quality or hygiene standards. Any disruption in supply, increase in procurement costs, or inability to adjust selling prices accordingly may adversely affect its margins, operations, and financial performance.
The company operates in a sector highly influenced by agricultural cycles, weather conditions, and monsoon patterns. Fluctuations in product availability and seasonal variations in demand may result in inconsistent sales volumes throughout the year. During low-activity periods, the company continues to incur operating expenses, which may not be offset by revenue, affecting profitability and cash flow stability.
The company is significantly dependent on a small group of suppliers and customers for its procurement and sales. Its top five customers accounted for 51.90 percent of the sales in FY25, 76.37 percent in FY24, and 97.61 percent in FY23, while the top five suppliers contributed 56.95 percent of the purchases in FY25, 75.22 percent in FY24, and 22.43 percent in FY23. Any disruption in supplies, deterioration in supplier capability, or loss of major customers may materially affect business continuity, order execution, and overall financial performance.
The company recorded negative cash flows from operating activities of Rs 9.78 crore in FY25. The negative cash flow from the investing activities was Rs 0.33 crore in FY24. Sustained negative cash flows may strain liquidity, impact working capital availability, and require external financing to sustain operations and growth.
The company, its promoters, and directors are involved in ongoing tax proceedings. Any adverse judgment in these cases can be detrimental to the company’s business prospects.
The company does not have long-term supply agreements with most customers and primarily operates on an order-by-order basis. This allows customers to reduce, delay, or discontinue orders without prior notice, leading to fluctuations in sales volumes and revenue unpredictability.
The company operates in the fruits, vegetables, and contract farming sector, where competition is significant. Large agribusinesses, organised retail chains, and multinational companies often possess stronger financial resources, advanced cold-chain systems, and established brand presence. Their operational advantages may limit the company’s competitiveness and could affect pricing, market share, and profitability.
The business is exposed to potential product liability claims arising from quality issues, defects, or failure to meet prescribed standards. While no past incidents have materially affected operations, any future claim may result in financial costs, legal liabilities, and reputational harm. A major defect or failure to maintain quality could lead to customer losses and negatively impact financial performance.
The company has experienced a high and fluctuating employee attrition rate of 40 percent in FY23, 133.33 percent in FY24, and 9.52 percent in FY25. Elevated turnover increases hiring and training costs and disrupts workflow continuity. Persistent attrition can affect productivity, service reliability, and the company’s ability to sustain growth.
The company has a limited operating history, which may make it difficult to assess its long-term business performance. It was originally incorporated as a private limited company under the name Stanbik Commercial Private Limited on February 10, 2021. Any inability to scale operations, achieve consistent profitability, or manage business risks as it grows can adversely affect its business and financial condition.
Stanbik Agro Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Stanbik Agro IPO
| Apply as | Price band | Apply Range | Lot size |
|---|---|---|---|
| Individual investor | ₹30 - 30 | ₹2 - 5 Lakh | 2000 |
For Stanbik Agro IPO, eligible investors can apply as Individual investor.