Stanbik Agro Limited sources, trades and supplies fresh agricultural produce through three verticals: Contract Farming, Modern Retailing and B2B sales. It earns revenue by selling farm produce (sesame, cumin, cotton and fruits/vegetables) to wholesalers, e-commerce platforms and retail customers; revenue grew at a CAGR of 37.37% to Rs. 5,248.51 lakhs in FY2024-25.

Key clients and main manufacturing / operational facilities

The prospectus lists the company’s top customers (top-1/top-5/top-10 breakdown for FYs) and shows diversified B2B and retail buyers across Gujarat and beyond; details are in the “Our Customers” tables. The company operates one owned godown and has lease/leave-and-license land (1,27,352 sq.m.) in Surendranagar for contract farming/storage.

Product portfolio, order book and execution

Products: sesame, cumin, cotton (contract farming) and fresh fruits & vegetables (trading/retail/B2B). As of Nov 30, 2025 the confirmed order book is Rs. 1,600.24 lakhs, expected to be realized within the current financial year; orders are short-term with quick execution cycles. Product mix affects client life-cycle by providing short lead times for B2B and steady supply via contract farming.

Mergers / acquisitions and capex / expansion plan

The company acquired the partnership firm Jay Chamunda Trading Company (Mar 22, 2024). Using IPO net proceeds, SAL plans retail expansion (20 new outlets — total estimated capex Rs. 357.87 lakhs) and working capital (Rs. 639.47 lakhs) to scale B2C and B2B operations; machinery/equipment orders for outlets remain to be fully placed.

Employees & banker

As of Sep 30, 2025, the company had 18 employees. The Banker to the Company is HDFC Bank Limited.

Management, vision and funding approach (concise)

Promoters: Mr. Ashokbhai D. Prajapati and Mr. Chirag A. Prajapati. Management’s near-term vision prioritizes (a) expanding contract-farming footprint, (b) scaling B2B distribution and (c) opening 20 modern retail outlets across Gujarat to strengthen B2C presence. Funding for expansion is primarily from the IPO net proceeds (Net proceeds ≈ Rs. 1,172.60 lakhs) earmarked for retail capex (Rs.357.87 lakhs), working capital (Rs.639.47 lakhs) and corporate uses; residual shortfalls may be met from internal resources or debt.

Industry overview & estimates (concise numbers + growth)

Stanbik operates in India’s agriculture / food processing / fresh produce distribution sector. The prospectus cites industry reference data: Indian food processing/related sectors are large (figures cited in the prospectus and IBEF source), with exports of agricultural and processed products ≈ Rs. 1,54,314 crore (FY25 Apr–Dec) and >11% YoY growth in exports; technology adoption and rising domestic demand support expansion. (See the Industry Overview chapter for detailed percentage and value tables).

Top 5–7 major risk factors

1. Third-party storage dependency — Company owns one godown but relies on supplier/third-party cold storage for perishables; limited direct control increases spoilage, cost volatility and operational risk.
2. Capex / procurement delays — Not all machinery and outlet fit-out orders are placed (equipment for 20 outlets ~Rs.17.89 lakhs per outlet); procurement delays or cost overruns can push timelines and margins.
3. Seasonality & commodity price risk — Agricultural produce prices and supply volumes are seasonal and weather-sensitive, potentially reducing margins or causing inventory write-downs.
4. Short cycle order dependence — Business relies on short-term confirmed orders (order book ~Rs.1,600.24 lakhs), so demand swings or order cancellations could quickly affect cash flow and working capital needs.
5. Logistics & perishability risk — Reliance on third-party transporters and limited owned cold-chain increases risk of delivery disruption, spoilage and reputational damage.
6. Competitive / pricing pressure — Large aggregators, organized retailers and regional players may exert pricing pressure; SAL’s margins depend on scale and procurement efficiency.
7. Regulatory / compliance risk — Changes in food, export/import, licensing or agricultural policies could increase costs or limit operations. (General risk referenced in prospectus risk sections).

Key strengths, moat and near-term opportunities

1. Integrated supply chain & farmer network — Contract farming plus APMC ties give SAL better sourcing visibility and supply reliability versus spot procurement, supporting quality control and seasonal smoothing.
2. Diversified go-to-market (B2B + B2C + retail outlets) — Serving wholesalers, e-commerce B2B platforms and direct retail reduces single-channel concentration risk and increases market reach.
3. Strong recent financial growth — Revenue rose from Rs.1,996.44 lakhs (FY23) to Rs.5,248.51 lakhs (FY25) (CAGR ≈37.37%); PAT shows strong CAGR (~44.69%), supporting reinvestment.
4. Confirmed order book — Firm orders of Rs.1,600.24 lakhs (as on Nov 30, 2025) provide near-term revenue visibility and utilization of working capital.
5. Retail expansion opportunity — IPO funds earmarked to open 20 outlets (Rs.357.87 lakhs) to capture higher margin retail sales and build brand presence in Gujarat.
6. Contract farming expertise — In-house contract farming for commodities (cumin, sesame) can secure raw material, reduce procurement costs and improve traceability — a growing buyer preference.

Stanbik Agro Limited sources, trades and supplies fresh agricultural produce through three verticals: Contract Farming, Modern Retailing and B2B sales. It earns revenue by selling farm produce (sesame, cumin, cotton and fruits/vegetables) to wholesalers, e-commerce platforms and retail customers; revenue grew at a CAGR of 37.37% to Rs. 5,248.51 lakhs in FY2024-25.

Key clients and main manufacturing / operational facilities

The prospectus lists the company’s top customers (top-1/top-5/top-10 breakdown for FYs) and shows diversified B2B and retail buyers across Gujarat and beyond; details are in the “Our Customers” tables. The company operates one owned godown and has lease/leave-and-license land (1,27,352 sq.m.) in Surendranagar for contract farming/storage.

Product portfolio, order book and execution

Products: sesame, cumin, cotton (contract farming) and fresh fruits & vegetables (trading/retail/B2B). As of Nov 30, 2025 the confirmed order book is Rs. 1,600.24 lakhs, expected to be realized within the current financial year; orders are short-term with quick execution cycles. Product mix affects client life-cycle by providing short lead times for B2B and steady supply via contract farming.

Mergers / acquisitions and capex / expansion plan

The company acquired the partnership firm Jay Chamunda Trading Company (Mar 22, 2024). Using IPO net proceeds, SAL plans retail expansion (20 new outlets — total estimated capex Rs. 357.87 lakhs) and working capital (Rs. 639.47 lakhs) to scale B2C and B2B operations; machinery/equipment orders for outlets remain to be fully placed.

Employees & banker

As of Sep 30, 2025, the company had 18 employees. The Banker to the Company is HDFC Bank Limited.

Management, vision and funding approach (concise)

Promoters: Mr. Ashokbhai D. Prajapati and Mr. Chirag A. Prajapati. Management’s near-term vision prioritizes (a) expanding contract-farming footprint, (b) scaling B2B distribution and (c) opening 20 modern retail outlets across Gujarat to strengthen B2C presence. Funding for expansion is primarily from the IPO net proceeds (Net proceeds ≈ Rs. 1,172.60 lakhs) earmarked for retail capex (Rs.357.87 lakhs), working capital (Rs.639.47 lakhs) and corporate uses; residual shortfalls may be met from internal resources or debt.

Industry overview & estimates (concise numbers + growth)

Stanbik operates in India’s agriculture / food processing / fresh produce distribution sector. The prospectus cites industry reference data: Indian food processing/related sectors are large (figures cited in the prospectus and IBEF source), with exports of agricultural and processed products ≈ Rs. 1,54,314 crore (FY25 Apr–Dec) and >11% YoY growth in exports; technology adoption and rising domestic demand support expansion. (See the Industry Overview chapter for detailed percentage and value tables).

Top 5–7 major risk factors

1. Third-party storage dependency — Company owns one godown but relies on supplier/third-party cold storage for perishables; limited direct control increases spoilage, cost volatility and operational risk.
2. Capex / procurement delays — Not all machinery and outlet fit-out orders are placed (equipment for 20 outlets ~Rs.17.89 lakhs per outlet); procurement delays or cost overruns can push timelines and margins.
3. Seasonality & commodity price risk — Agricultural produce prices and supply volumes are seasonal and weather-sensitive, potentially reducing margins or causing inventory write-downs.
4. Short cycle order dependence — Business relies on short-term confirmed orders (order book ~Rs.1,600.24 lakhs), so demand swings or order cancellations could quickly affect cash flow and working capital needs.
5. Logistics & perishability risk — Reliance on third-party transporters and limited owned cold-chain increases risk of delivery disruption, spoilage and reputational damage.
6. Competitive / pricing pressure — Large aggregators, organized retailers and regional players may exert pricing pressure; SAL’s margins depend on scale and procurement efficiency.
7. Regulatory / compliance risk — Changes in food, export/import, licensing or agricultural policies could increase costs or limit operations. (General risk referenced in prospectus risk sections).

Key strengths, moat and near-term opportunities

1. Integrated supply chain & farmer network — Contract farming plus APMC ties give SAL better sourcing visibility and supply reliability versus spot procurement, supporting quality control and seasonal smoothing.
2. Diversified go-to-market (B2B + B2C + retail outlets) — Serving wholesalers, e-commerce B2B platforms and direct retail reduces single-channel concentration risk and increases market reach.
3. Strong recent financial growth — Revenue rose from Rs.1,996.44 lakhs (FY23) to Rs.5,248.51 lakhs (FY25) (CAGR ≈37.37%); PAT shows strong CAGR (~44.69%), supporting reinvestment.
4. Confirmed order book — Firm orders of Rs.1,600.24 lakhs (as on Nov 30, 2025) provide near-term revenue visibility and utilization of working capital.
5. Retail expansion opportunity — IPO funds earmarked to open 20 outlets (Rs.357.87 lakhs) to capture higher margin retail sales and build brand presence in Gujarat.
6. Contract farming expertise — In-house contract farming for commodities (cumin, sesame) can secure raw material, reduce procurement costs and improve traceability — a growing buyer preference.