New Delhi. The pace of IPO market in India is fast and now a completely different type of company is entering it. Stanbic Agro Limited does retail business of fresh fruits and vegetables and now it has come with its IPO on BSE SME platform. The company aims to raise about ₹ 12.28 crore through this issue. This company is special because its business model is based on delivering products directly from the farm to the customer. This firm, which runs vegetable shops in residential societies of Ahmedabad, now wants to expand its network further by raising capital from investors.
Stanbic Agro Limited was started in 2021 from Ahmedabad. The company works at three levels. First is contract farming, where crops like sesame, cumin and cotton are cultivated by making an agreement with the farmers. Second, modern retail, in which fruits and vegetables are sold directly to customers by opening shops in residential areas. Third, B2B supply, where supplies are made on a large scale to wholesalers and e-commerce platforms.
Complete details of IPO
The IPO of the company is a completely fresh issue. Under this, 40,92,000 equity shares will be issued. The face value of the shares has been kept at ₹10 and the issue price has been fixed at ₹30 per share. This IPO opened on 12 December 2025 and will close on 16 December 2025. The listing will be on the BSE SME platform and the lead manager of the issue is Grow House Wealth Management Private Limited.
How much money will retail investors have to invest
This is an SME IPO, so the minimum investment in it is high. The market lot size has been kept at 4,000 shares. Retail investors will have to apply for at least 2 lots i.e. 8,000 shares. According to this, the minimum investment comes to around ₹ 2.40 lakh.
Where will the money raised from IPO be used?
The company will use this fund to expand its retail network. This includes opening new shops, paying security deposits and brokerage fees and meeting working capital requirements.
What do the financials say?
The company’s figures show a picture of rapidly growing business. In FY 2024, the company’s revenue was ₹ 26.55 crore and net profit was ₹ 1.85 crore. In FY 2025, revenue increased to ₹52.48 crore, while net profit increased to ₹3.73 crore. That means both revenue and profit more than doubled in one year.
What are the strengths of the company
Direct farm to consumer model is the biggest strength of the company. Due to this, freshness, quality and margin remain better. The focus on sustainable farming and the presence of retail network along with B2B makes the company different from other agro businesses.
What to keep in mind before investing
This is an SME IPO, so the risk in it is also high. Information related to gray market premium, subscription and allotment has not been revealed yet. Before investing, please check your risk appetite and the opinion of a financial advisor.
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