The initial public offering (IPO) of Stanbik Agro, which opened for bidding today, December 12, received a muted response from investors, with the issue subscribed at just 5% on Day 1, according to bourse data. The retail portion is subscribed at 11%, while the non-institutional investors (NIIs) segment is yet to open for bidding. The company aims to raise ₹12.28 crore from the issue, which is entirely a fresh issue of 0.41 crore shares. The issue was priced at ₹ 30 per share, with the minimum and maximum limit for retail investors set at 2 lots, comprising 8,000 shares, requiring an investment of ₹ 2.40 lakh. For HNIs, the minimum and maximum lot is fixed at 3 lots, requiring an investment of ₹ 3.60 lakh. The company proposes to use the proceeds from the issue for network expansion, working capital requirements and general corporate purposes. The award is likely to be finalized on Wednesday 17 December and the shares are scheduled to list on the BSE SME on Friday 19 December. Grow House Wealth Management Pvt. Ltd. is the General Manager of Books, and Purva Sharegistry (India) Pvt. Ltd. is the registrar of the issue. About Stanbik Agro Incorporated in 2021, Stanbik Agro Limited is engaged in the manufacturing, wholesale and supply of agricultural commodities, with a focus on delivering fresh fruits and vegetables directly from farm to table while emphasizing sustainable farming practices and quality. The company operates across three important business verticals: Contract farming, where crops such as sesame, cumin and cotton are grown through arrangements with farmers based on land suitability; Modern Retail, which delivers fresh produce directly to consumers via modern retail channels, ensuring quality, freshness and ease of access; and B2B Business, which caters to wholesalers, traders and large-scale buyers, supplying bulk quantities of fruits and vegetables through an integrated farmer network and various e-commerce platforms. Stanbik Agro’s total revenue grew steadily from ₹19.96 crore in FY23 to ₹52.49 crore in FY25, reflecting a CAGR of 38.02%, while its profit after tax rose from ₹1.02 crore to ₹3.74 crore over a CAGR of 3.74 crore over the same period, 5%. Disclaimer: We advise investors to check with certified experts before making any investment decisions.