Archive · 13 Dec 2025
Stanbik Agro IPO Sees Low Subscription
Stanbik Agro, a company that sells fruits and vegetables, tried to raise money by selling shares to the public for the first time.
On the first day, not many people wanted to buy these shares, so only 5% of the shares were sold.
The company wants to use the money to grow its business, buy things it needs to work, and for other important things.
The shares will be given to people who bought them on December 17, and they will start being traded on the stock market on December 19.
The company has been growing and making more money each year.
Stanbik Agro's IPO was subscribed just 5% on the first day.
Retail portion was subscribed at 11%, while NII segment was not open.
The company aims to raise ₹12.28 crore through the issue.
Proceeds will be used for network expansion, working capital, and general corporate purposes.
The company operates in contract farming, modern retailing, and B2B business.
- Who
- Stanbik Agro Limited
- What
- Initial Public Offering (IPO)
- When
- December 12, 2023 (Day 1)
- Where
- BSE SME
- Why
- To raise funds for network expansion, working capital, and general corporate purposes
- Issue Size
- ₹12.28 crore
- Price per Share
- ₹30
- Retail Investment
- ₹2.40 lakh (minimum)
- HNI Investment
- ₹3.60 lakh (minimum)
- Allotment Date
- December 17, 2023
- Listing Date
- December 19, 2023
- Book-Running Lead Manager
- Grow House Wealth Management Pvt. Ltd.
- Registrar
- Purva Sharegistry (India) Pvt. Ltd.