Aureate Tradde IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 0x |
| NII | 0.45x |
| Retail (RII) | 2.42x |
| Total | 1.43x |
Bidding day 5 · final figures at close of bidding: 15 Jul 2026, 12:00 am IST
IPO Details
- Open Date
- 29 May 2026
- Close Date
- 2 Jun 2026
- Listing Date
- 5 Jun 2026
- Face Value
- ₹10
- Fresh Issue
- ₹25.91 Cr
- OFS
- ₹0 Cr
- Listing On
- BSE
- Registrar
- —
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,80,000 |
| HNI (Min) | 3 | 6,000 | ₹4,20,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| NII | 18,50,000 | 49.97% |
| Retail | 18,52,000 | 50.03% |
| Total | 37,02,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2023 | 211.6 | 1.13 | 0.08 | 5.14 | 38.71 | 22.73 | — |
| FY 2024 | 172.19 | 1.45 | 3.25 | 10.59 | 64.18 | 32.46 | — |
| FY 2025 | 176.62 | 2.57 | 5.07 | 12.95 | 83.11 | 32.17 | — |
| Dec 2025 (interim) | 102.79 | 4.36 | 7.33 | 17.24 | 98.58 | 38.07 | 2.83 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 24.71x
- P/E (post-issue)
- 15.64x
- RoNW
- 28.87%
- RoE
- 28.87%
- RoCE
- 25.07%
- Debt / Equity
- 2.21
- EPS (pre-issue)
- ₹2.83
- EPS (post-issue)
- ₹4.47
- EBITDA Margin
- 7.2%
- PAT Margin
- 4.28%
- P/BV
- 0.05x
- NAV / share
- ₹18.98
- Market Cap
- ₹90.9 Cr
As of 31 Dec 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding working capital requirements of the Company | ₹10 Cr |
| Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company | ₹9.93 Cr |
| To meet out the General Corporate Purposes. | ₹4.09 Cr |
| Issue Expenses | ₹3.27 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Lead Manger Fees, Fees Payable to Registrar to the Issue, Fees Payable to Statutory Auditor, Legal Advisors and other Professionals | ₹0.48 Cr |
| Underwriting Commission, Brokerage and selling commission | ₹2.67 Cr |
| Fees Payable for Advertising and Publishing Expenses, Payment for Printing & Stationery, Postage, etc. | ₹0.04 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.07 Cr |
| Others (Commission/processing fee for SCSBs, Sponsor Bank and Banker(s) to the Issue and brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs and Miscellaneous Expenses) | ₹0.02 Cr |
Promoters & Shareholding
Promoters: Kalash Kevin Shah and Punit Devendrabhai Shah
- Holding (pre-issue)
- 92.35%
- Holding (post-issue)
- 64.63%
- Dilution
- 27.72%
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV |
|---|---|---|---|---|---|
| Aureate Tradde | 2.83 | 1,361.91 | 24.73x | 21.88% | 0.05x |
| Bhavik Enterprises | 3.58 | 61.62 | 43.85x | 5.97% | 2.57x |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Aureate Tradde IPO
The Aureate Tradde SME IPO runs from 29 May 2026 to 2 Jun 2026, offered at an issue price of ₹70 per share, and is set to list on BSE. The company is looking to raise ₹25.91 crore through the offer. Retail investors bid in lots of 2000 shares, a minimum application of ₹2,80,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹25.91 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward funding working capital requirements of the company (₹10 crore), alongside repayment/pre-payment, in full or in part, of certain borrowings availed by the company (₹9.93 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2025, Aureate Tradde reported revenue of ₹102.79 crore and a net profit of ₹4.36 crore. Revenue declined from ₹211.6 crore in FY2023 to ₹102.79 crore in FY2025 (-51.0%). Net worth stood at ₹17.24 crore at the end of FY2025. At the upper band, that puts the issue at roughly 24.7× FY2025 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 15.64× post-issue earnings and 0.05× book value, against a return on net worth of 28.87% and a debt-to-equity ratio of 2.21. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are Kalash Kevin Shah and Punit Devendrabhai Shah. Promoter holding stands at 92.35% before the issue and comes down to 64.63% after listing.
Subscription
The Aureate Tradde IPO was subscribed 1.43 times overall. The strongest demand came from retail investors at 2.42 times, with qualified institutional buyers (QIB) at 0× and non-institutional investors (NII) at 0.45×.
Listing performance
Aureate Tradde listed on 5 Jun 2026 at ₹70, a premium of +0.0% over the issue price of ₹70.
What to weigh
When evaluating the Aureate Tradde IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend and subscription demand across investor categories. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Aureate Tradde
Incorporated in 2018, Aureate Tradde Ltd. is engaged in the trading, distribution, and supply of industrial raw materials and technology-driven products across the domestic market. The company’s operations are organized across three major business segments: polymers and petrochemicals, lithium-ion and sodium-ion battery cells, and electric vehicle charging solutions. Through these segments, it caters to a wide range of industrial and commercial customers in India. Its product portfolio includes PVC resin, PET resin, polyethylene in LDPE and HDPE grades, lithium-ion cells, sodium-ion cells, lithium chargers, lead-acid chargers, and electric vehicle chargers. Aureate Tradde operates on an inventory-led business model, under which products are procured in advance and maintained as stock to ensure timely supply to customers. This model allows the company to efficiently serve small, medium, and large enterprises across different industries. The company primarily serves the domestic B2B market for polymers, petrochemicals, lithium-ion cells, and sodium-ion cells. In the electric vehicle charger segment, it caters to both B2B and B2C customers. The company holds exclusive distribution rights in India for sodium-ion cells manufactured by Jianghu Highstar Battery Manufacturing Co., Ltd. , a global company involved in the research, development, production, and sale of secondary chemical battery products. As of November 30, 2025, Aureate Tradde Ltd. had a workforce of 9 employees .
Aureate Tradde — Contact Details
- Registered office
- 404, Floor 4, Plot No.208, Regent Chambers, Jamnalal Bajaj Marg, Nariman Point, Mumbai, Maharashtra, 400021
- Phone
- +91-7208027910
- Website
- www.aureatetradde.in/
- Registrar (IPO queries)
- aureatetradde.smeipo@in.mpms.mufg.com
Frequently asked questions
- What is the Aureate Tradde IPO price band?
- The Aureate Tradde IPO price band is ₹70 per share, with a lot size of 2000 shares.
- When does the Aureate Tradde IPO open and close?
- The Aureate Tradde IPO opens on 29 May 2026 and closes on 2 Jun 2026.
- When is the Aureate Tradde IPO allotment and listing date?
- The shares are scheduled to list on 5 Jun 2026 on BSE.
- How many times was the Aureate Tradde IPO subscribed?
- The Aureate Tradde IPO was subscribed 1.43 times in total across all investor categories.
- What is the reservation split in the Aureate Tradde IPO?
- Of the total shares offered, retail investors get 50.03%, non-institutional investors 49.97%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Aureate Tradde and what is their holding?
- The promoters are Kalash Kevin Shah and Punit Devendrabhai Shah. Promoter holding is 92.35% before the issue and 64.63% after listing.
- What is the P/E ratio of the Aureate Tradde IPO?
- At the upper price band, the Aureate Tradde IPO is valued at 24.71× pre-issue earnings and 15.64× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Aureate Tradde IPO?
- The net proceeds go primarily toward funding working capital requirements of the company, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Aureate Tradde IPO?
- The book-running lead manager is Corporate Makers Capital Ltd..
- Is Aureate Tradde a Mainboard or SME IPO?
- Aureate Tradde is an SME IPO, listing on BSE (SME platform).