The Stanbik Agro IPO, which opened for bidding on December 12, has received a muted response from investors. According to exchange data, the issue was subscribed at just 5% on the first day.
The retail portion of the IPO saw a slightly better response, with a subscription rate of 11%. However, the Non-Institutional Investors (NIIs) segment has not yet opened for bidding.
Stanbik Agro aims to raise ₹12.28 crore from the issue, which consists of a fresh issue of 0.41 crore shares. The issue is priced at ₹30 per share.
For retail investors, the minimum and maximum limit is fixed at 2 lots, consisting of 8,000 shares, requiring an investment of ₹2.40 lakh. For HNI investors, the minimum and maximum lot is fixed at 3 lots, requiring an investment of ₹3.60 lakh.
The company plans to use the proceeds from the issue for network expansion, working capital requirements, and general corporate purposes.
Stanbik Agro Limited is a company that manufactures, wholesales, and supplies agricultural commodities. The company operates across three key business verticals: Contract Farming, Modern Retailing, and B2B Business.
Stanbik Agro has seen steady growth in its total income, from ₹19.96 crore in FY23 to ₹52.49 crore in FY25, reflecting a CAGR of 38.02%. The company's profit after tax has also risen from ₹1.02 crore to ₹3.74 crore over the same period, registering a CAGR of 54.43%.
We advise investors to check with certified experts before making any investment decisions.
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