Sri Priyanka Geo Commex has launched its Rs 94.5-crore initial public offering (IPO) today, featuring a fresh issue of 44.58 lakh equity shares. The subscription will close on June 29, with shares expected to list on the NSE SME platform by July 2.
Retail investors can participate with a minimum bid of 1,200 shares, translating to an investment of Rs 2.54 lakh at the upper price band. High net-worth individuals (HNIs) have a minimum application size of 1,800 shares, requiring Rs 3.82 lakh. The IPO proceeds will be allocated towards repaying borrowings, funding working capital needs, and investing in the company's Singapore subsidiary, Geo Min Commodities Pte. Ltd.
Sri Priyanka Geo Commex operates a diversified commodity business, dealing in critical minerals like barite, fluorspar, and copper cathodes, as well as manufacturing crude and refined rice bran oil. The company has a refining capacity of 15,000 metric tonnes and a solvent extraction capacity of 60,000 metric tonnes annually at its Andhra Pradesh facility.
In FY25, the company reported a total income of Rs 266.65 crore, with profit after tax increasing nearly five-fold to Rs 9.82 crore. For the nine months ending December 2025, total income reached Rs 249.67 crore, with profit after tax at Rs 17.76 crore, surpassing the previous year's earnings.
Background
Sri Priyanka Geo Commex's IPO is a significant development in the SME sector, reflecting the company's strong financial performance and strategic growth initiatives.
Investors should monitor the allotment finalization on June 30 and the subsequent market debut on July 2.
