Aureate Tradde IPO
smelistedAbout the company
Incorporated in 2018, Aureate Tradde is engaged in trading, distribution, and supply of industrial and technological materials across three key business verticals (i) Polymers and Petrochemicals (ii) Lithium-ion and sodium-ion cells, and (iii) Electric vehicle chargers. The company operates on an "Inventory-based model”, wherein it purchases and maintains stock in advance to serve a wide array of customers, including small, medium, and large enterprises. Products are imported from international manufacturers, stored at rented warehouses and distributed domestically. The company's product portfolio spans three distinct categories. Under Polymers and Petrochemicals, it trades PVC Resins, PET Resins, and Polyethylene variants including LDPE and HDPE. Under the cells segment, it distributes multiple grades of Lithium-ion cells as well as Sodium-ion Cells. In the EV Chargers vertical, the portfolio includes lead acid chargers and lithium chargers across various voltage configurations which caters to 2-wheelers and 3-wheelers. The company is primarily involved in the domestic B2B market for trading and distribution of polymer, petrochemicals, Lithium-ion cells and Sodium-ion cells and also operates in B2B and B2C segment for trading and distribution of electric vehicle chargers. The company holds the exclusive distribution PAN India rights of sodium-ion cells for Jianghu Highstar Battery Manufacturing Co., Ltd. In 9MFY26, 94.10% revenue came from polymers and petrochemicals, followed by lithium-ion and sodium-ion cells at 3.96% and electric vehicle chargers at 1.84%. Gujarat and Maharashtra together made up 99% of revenue in 9MFY26.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 02 Jun | ₹4.5 | ₹74.5 | -2.5 |
| 01 Jun | ₹7 | ₹77 | -6 |
| 31 May | ₹13 | ₹83 | 0 |
| 30 May | ₹13 | ₹83 | 0 |
| 29 May | ₹13 | ₹83 | +13 |
| 28 May | ₹0 | ₹70 | 0 |
| 27 May | ₹0 | ₹70 | 0 |
| 26 May | ₹0 | ₹70 | 0 |
Strengths
- Diversified business across polymers, petrochemicals, lithium-ion cells, sodium-ion cells, and EV chargers
- Sole and exclusive distributor of sodium-ion cells in India for Jianghu Highstar Battery Manufacturing Co.
- Strong relationships with customers and suppliers
- Inventory-based model helps in faster product availability and customer servicing
- Presence across multiple industrial and technology-driven sectors reduces dependency on one segment
- Revenue, EBITDA, and PAT have shown consistent improvement in recent years
- Healthy ROCE and RoNW indicate efficient capital utilization
- Growing opportunity from India’s EV and energy storage market
Risks
- Heavy dependence on selected suppliers and distribution agreements
- Any termination or change in agreement with Jianghu Highstar Battery may impact business significantly
- Business is highly dependent on domestic market demand
- Significant revenue concentration from North India and Maharashtra region
- Import restrictions or port disruptions may affect supply chain and operations
- Business margins are relatively low compared to manufacturing companies
- SME IPO liquidity and volatility risk remains high
- Business exposed to raw material price fluctuations and global trade conditions
Financial performance (₹ Cr)
IPO Roadmap / Timeline
IPO Opens
Completed29 May 2026Bidding starts for all investor categories
IPO Closes
Completed02 Jun 2026Last day to place your bid
Basis of Allotment
Completed03 Jun 2026Share allotment finalised
Refund Initiation
Completed04 Jun 2026Refunds credited for non-allottees
Credit to Demat
Completed04 Jun 2026Allotted shares credited to demat account
Listing on Exchange
Completed05 Jun 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 2000 | ₹140,000 | 1 | ₹140,000 | 1 lot only |
| HNI | 2 | 4000 | ₹280,000 | 2 | ₹280,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 1,928,572 | 13.5 | 0 | 0.00x | 100% |
| NII | 15% | 578,571 | 4.05 | 0 | 0.00x | 100% |
| Retail | 35% | 1,350,000 | 9.45 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
