Stanbik Agro IPO: Ahmedabad-based fresh fruits and vegetables supplier Stanbik Agro Ltd, led by father-son duo Ashok and Chirag Prajapati, has launched a Rs 12.28-crore SME IPO to fuel a major retail push across Gujarat. The issue opened on December 12 and will close on December 16.

Incorporated in 2021, the company plans to use the proceeds to open 20 new outlets and strengthen working capital as it scales its farm-to-market model. Currently, Stanbik operates seven retail stores — one in Gandhinagar and six in Ahmedabad’s Chandranagar, Odhav, Narol, Vejalpur and Vasna areas — all run from leased premises, including its registered office, godowns and agricultural lands.

Managing director Ashok Prajapati, 48, said the listing marks a key step in professionalising the business. “With time

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