About Sri Priyanka Geo Commex IPO
Sri Priyanka Geo Commex IPO Details
The Sri Priyanka Geo Commex IPO is a 100% book-built issue comprising a fresh issue of 44,58,000 equity shares with a face value of ₹10 each, aggregating up to ₹94.51 crore at the upper price band. There is no Offer for Sale (OFS) component, meaning the entire proceeds will flow directly to the company. The IPO constitutes 27.46% of the company's post-issue paid-up equity capital and is managed by Horizon Financial Pvt. Ltd. as the book-running lead manager, with Cameo Corporate Services Ltd. as the registrar to the offer.
The price band is set between ₹207 and ₹212 per equity share, with a lot size of 600 equity shares. Minimum Retail Application of 2 lots (1,200 shares) shall require ₹2,54,400 at the upper price band. IPO will be open for subscription from 24th June to 29th June 2026 on the NSE SME (Emerge) platform and listing is expected on 2nd July 2026.
Sri Priyanka Geo Commex IPO Date & Timeline
The Sri Priyanka Geo Commex IPO officially opens for subscription on June 24, 2026 and closes on June 29, 2026. The basis of allotment will be finalised on June 30, 2026. Refunds and demat credit of shares will take place on July 1, 2026 and the shares will list on the NSE SME (Emerge) platform on July 2, 2026.
Sri Priyanka Geo Commex IPO Timeline
| IPO Open Date | Wed, Jun 24, 2026 |
| IPO Close Date | Mon, Jun 29, 2026 |
| Tentative Allotment | Tue, Jun 30, 2026 |
| Initiation of Refunds | Wed, Jul 1, 2026 |
| Credit of Shares to Demat | Wed, Jul 1, 2026 |
| Tentative Listing Date | Thu, Jul 2, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Sri Priyanka Geo Commex IPO Details
| Detail | Description |
|---|---|
| IPO Date | 24 to 29 Jun, 2026 |
| Listing Date | 2 Jun, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 207 to ₹ 212 |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 44,58,000 shares (agg. up to ₹ 95 Cr) |
| Reserved for Market Maker | 2,23,200 shares (agg. up to ₹ 5 Cr) Nikunj Stock Brokers Ltd. |
| Fresh Issue(Ex Market Maker) | 42,34,800 shares (agg. up to ₹ 90 Cr) |
| Net Offered to Public | 42,34,800 shares (agg. up to ₹ 90 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,17,78,842 shares |
| Share Holding Post Issue | 1,62,36,842 shares |
Sri Priyanka Geo Commex IPO GMP (Grey Market Premium)
"Grey Market Premium" or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Sri Priyanka Geo Commex IPO is currently trading at ₹0, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹212, which is 0.00% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Sri Priyanka Geo Commex GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 23 Jun, 2026 | ₹212.00 | ₹0 | 23 Jun, 202603:53 PM |
| 22 Jun, 2026 | ₹212.00 | ₹0 | 23 Jun, 202603:53 PM |
| 21 Jun, 2026 | ₹212.00 | ₹0 | 23 Jun, 202603:53 PM |
| 20 Jun, 2026 | ₹212.00 | ₹0 | 23 Jun, 202603:53 PM |
Company Background
Sri Priyanka Geo Commex Ltd. was incorporated as a private limited company on April 30, 1990, in Tamil Nadu, Chennai. Then, on December 06, 2024, the company transformed into a public limited company to proceed with its public listing debut.
Sri Priyanka Geo Commex Ltd. (SPGCL) is a commodities-based company involved in supplying minerals and the manufacture of rice bran oil. SPGCL is incorporated at 7B, 7th Floor, Century Plaza, 560-562, Anna Salai, Chennai, Tamil Nadu – 600018. SPGCL has an active business presence in India, Morocco and Singapore and has developed a global supply chain linking mineral suppliers with their respective industrial customers.
Operations & Product Range
Sri Priyanka Geo Commex Ltd. has two business segments: minerals and agro-processing. The Minerals segment includes the supply of Barite, Fluorspar and Copper Cathode. These are some of the most important raw materials used in various industries such as Energy, Chemical, Infrastructure and Electronics. The Agro Processing segment includes production of Crude Rice Bran Oil (CRBO), Refined Rice Bran Oil (RRBO) and associated by-products, namely: De-Oiled Rice Bran (DORB), Fatty Acids, Gums, Spent Earth and Wax.
Facilities & Capacity
SPGCL is a supplier of LME-approved grade A copper cathode in the UAE and Singapore. Its overall copper cathode sales amounted to 1,806.47 MT in the FY25, while sales during the nine months ended on December 31, 2025, were 1,202.54 MT. As part of its backward integration approach, SPGCL has obtained a mining license for one barite mine and one copper mine in Morocco. It plans to commence commercial mining by mid-July 2026.
Revenue Streams & Business Model
Sri Priyanka Geo Commex Ltd. generates revenue from two sources: one related to mineral supply and trading (barite, fluorspar and copper cathode) and the other to the manufacture and processing of rice bran oil. There is an increasing trend in revenue, from ₹219.48 crore in FY23 to ₹250.19 crore in FY24 and ₹266.65 crore in FY25. For the nine months ended December 31, 2025 (9M-FY26), the company recorded revenue of ₹249.67 crore. Profitability has improved sharply, with PAT rising from ₹1.33 crore in FY23 to ₹2.04 crore in FY24, ₹9.82 crore in FY25 and ₹17.76 crore in 9M-FY26.
Management & Shareholding
SPGCL is founded and controlled by Venkata Sai Shiv Prasad Nuthalapati, Ravi Kumar Nuthalapati and Veera Vikram Nuthalapati. Promoters own 100% of the pre-issue equity capital, which will decrease to approximately 72.54% post-issue due to the fresh allotment.
Board & Key Management
The SPGCL is run by a central group of promoters/managers, with management directed by the Nuthalapati Family, which decides the strategy for the company's mineral trade and agro-processing businesses. The company employs 32 permanent employees and 25 contractual employees as of December 31, 2025, reflecting a lean, operationally efficient workforce model.
Sri Priyanka Geo Commex IPO Financial Information
Latest Revenue
248.36
₹ Crore
Profit After Tax
17.75
₹ Crore
Net Worth
51.05
₹ Crore
Total Borrowing
35.43
₹ Crore
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 110.19 | 248.36 | 17.75 | 51.05 | 39.27 | — | |||
| 31 Mar 2025 | 54.08 | 266.24 | 9.82 | 31.8 | 28.84 | 35.43 | |||
| 31 Mar 2024 | 35.58 | 250.03 | 2.04 | 21.24 | 18.28 | 33.91 | |||
| 31 Mar 2023 | 29.51 | 219.28 | 1.33 | 19.04 | 16.08 | 25.1 | |||
| Amount in ₹ Crore | |||||||||
Sri Priyanka Geo Commex Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 42.86 % |
| ROCE | 46.17 % |
| Debt/Equity | 1.04 |
| RoNW | 34.78 % |
| PAT Margin | 7.15 % |
| EBITDA Margin | 10.53 % |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.34 | 14.58 |
| P/E (x) | 25.42 | 14.54 |
Sri Priyanka Geo Commex IPO Objectives
Sri Priyanka Geo Commex Ltd. intends to utilise IPO proceeds for the following strategic purposes:
- Loan repayment: Prepayment or repayment of certain outstanding borrowings ₹10.00 crore
- Subsidiary investment: Funding working capital of wholly-owned subsidiary Geo Min Commodities Pte. Ltd., Singapore ₹47.00 crore
- Working capital: Funding incremental domestic working capital requirements ₹16.50 crore
- General corporate purposes: Balance proceeds
Sri Priyanka Geo Commex IPO Review
Sri Priyanka Geo Commex Ltd. (SPGCL) has created a niche for itself in India's commodity sector. It acts as a link between the mineral trading business and agro-processing business and has an operational presence in three different geographical areas – India, Morocco and Singapore. In addition, it holds mining permits in Morocco for Barite and Copper mines and can create a backward-integration advantage once it begins commercial mining.
The financial profile of SPGCL exhibits a strong upward movement over the years. The revenue of the company has increased from ₹219.48 crore in FY23 to ₹266.65 crore in FY25, while the PAT of the company has improved from ₹1.33 crore in FY23 to ₹9.82 crore in FY25 and ₹17.76 crore in 9 months of FY26. The ROCE and ROE have been 45.94% and 37.03%, respectively in FY25. PAT margins improved from 0.61% in FY23 to 7.15% in 9M-FY26, indicating improved operational leverage
However, there are some issues worth considering. The sudden spike in profitability in FY25 and 9M-FY26 may be questioned with respect to its sustainability, given that the PAT margin was less than 1% even last year, in FY24. The debt-to-equity ratio is rather high, at 1.68. In terms of valuation, the issue trades at a P/E ratio of 35.04 on FY25 earnings and it is 14.54 based on FY26 earnings, which means that it is priced at its maximum.
Conclusion
Sri Priyanka Geo Commex Ltd. represents a unique commodity-agro hybrid play on the NSE SME platform with an issue size of ₹94.51 crore - notably larger than the average SME IPO in its sector. Its mineral supply operations with LME-grade Copper Cathodes, upcoming Morocco mining assets and growing rice bran oil business create a diversified revenue base. The strong financial metrics - ROCE of 45.94% and PAT of ₹17.76 crore in 9M-FY26 are compelling, though the sustainability of elevated profitability remains the key monitorable post-listing. Well-informed investors with a higher risk appetite and long-term horizon may consider participation.
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IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | 254400 |
| Individual investors (Retail) (Max) | 2 | 1200 | 254400 |
| S-HNI (Min) | 3 | 1800 | 381600 |
| S-HNI (Max) | 7 | 4200 | 890400 |
| B-HNI (Min) | 8 | 4800 | 1017600 |