Stanbik Agro's Rs 12.28-Cr SME IPO Fuels 20 New Gujarat Outlets

• Stanbik Agro, an Ahmedabad-based fruit and vegetable supplier, launched a Rs 12.28-crore SME IPO.
• The IPO, open from December 12-16, aims to fund 20 new retail outlets and strengthen working capital.
• The company plans to open 20 new stores, mainly in Ahmedabad and within a 30 km radius, to ensure product quality and logistics efficiency.
• Stanbik Agro reported Rs 52.5 crore in revenue for FY25, a 98% increase from FY24, with a net profit of Rs 3.74 crore.
• Founded in 2021, the company also supplies to wholesalers, institutions, B2B platforms, and engages in contract farming.

Why It Matters: This IPO signals growth in the fresh produce market and investment potential.