The IPO of Aureate Tradde will open for subscription on Friday, May 29, with grey market signals indicating a muted listing outlook. The SME issue is currently commanding a grey market premium (GMP) of 0%, suggesting no premium over the issue price in the unofficial market ahead of subscription opening.
The IPO is a fixed price issue worth around Rs 27.29 crore and consists entirely of a fresh issue of 38.98 lakh shares. The company has fixed the issue price at Rs 70 per share.
The IPO will close for subscription on June 2, while the allotment is expected to be finalised on June 3. The shares are scheduled to list on the BSE SME platform on June 5.
Investors can apply for a minimum of 4,000 shares, requiring a minimum investment of Rs 2.8 lakh for retail investors. HNI investors will have to apply for at least 6,000 shares amounting to Rs 4.2 lakh. Out of the total issue size, around 18.52 lakh shares have been reserved for retail investors and 18.5 lakh shares for non-institutional investors.
Incorporated in 2018, Aureate Tradde operates in the trading, distribution and supply of industrial and technological materials. The company’s operations span three major business verticals including polymers and petrochemicals, lithium-ion and sodium-ion cells, and electric vehicle chargers.
Its product portfolio includes PVC resins, PET resins, polyethylene products, lithium-ion cells, sodium-ion cells and EV charging products. The company follows an inventory-based business model where products are procured and stocked in advance to serve enterprise customers.
Aureate Tradde primarily operates in the domestic B2B segment for polymers and battery cells, while EV chargers are supplied across both B2B and B2C channels. The company is also the exclusive distributor of sodium-ion cells in India for Jianghu Highstar Battery Technology.
The IPO comes at a time when SME market activity has remained selective amid broader market volatility and cautious investor sentiment toward smaller issues.
Corporate Makers Capital is the book-running lead manager to the issue, while MUFG Intime India is acting as the registrar. Giriraj Stock Broking is the market maker for the IPO.
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