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Aureate Tradde SME IPO

Aureate Tradde IPO — date, price band, GMP & allotment 2026

Aureate Tradde Limited is launching its SME IPO from 29 May 2026 to 2 June 2026 with listing proposed on the BSE SME platform. Incorporated in 2018, the Mumbai-based company is engaged in trading and distribution of polymers, petrochemicals, lithium-ion and sodium-ion cells, and EV chargers. The company follows an inventory-based B2B and B2C business model, serving industrial and technology sectors across India with a growing presence in energy storage and electric mobility solutions

Stock price

Aureate Tradde is listed — here is the live share price.

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The verdict
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Grey market premium
₹1
+1% over ₹70 issue price
GMP history →
Subscribed
1.49×
Overall, across all categories
Fully subscribed Live subscription →
Minimum to apply
₹2,80,000
2 lots · 4000 shares at ₹70
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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 13 September.

Key dates Listed
  1. Open 29 May 2026
  2. Close 02 Jun 2026
  3. Allotment 03 Jun 2026
  4. Refund/credit 04 Jun 2026
  5. Listing 05 Jun 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 29 May to 2 Jun, 2026
Price Band ₹70
Face Value ₹10
Lot Size 2000 Shares
Issue Size ₹27 Cr
Sale Type Fresh capital only
Listing On BSE SME
Registrar MUFG Intime India Private Limited
Min Investment ₹ 2,80,000
Reservation
NII 49.97%
Retail 50.03%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 2000 shares at the ₹70 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
If it lists at today's grey market premium of ₹1
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 2 4,000 ₹2,80,000
Retail (max) 2 4,000 ₹2,80,000
HNI (min) 3 6,000 ₹4,20,000

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 5

  • 01Diversified product portfolio across polymers, petrochemicals and EV-related products.
  • 02Growing presence in lithium-ion cells and EV charger distribution business.
  • 03Established sourcing network with international suppliers from multiple countries.
  • 04Asset-light trading and inventory-based model supports scalable operations.
  • 05Experienced promoters with industry knowledge and supplier relationships.

Risks · 5

  • 01Business heavily dependent on fluctuations in commodity and raw material prices.
  • 02High competition in trading and distribution business may pressure margins.
  • 03Dependence on imports exposes company to currency and supply chain risks.
  • 04Working capital intensive operations may affect cash flow management.
  • 05Revenue concentration in limited product categories can impact business stability.

Three years of numbers

All figures in ₹ crore, as reported in the Aureate Tradde offer document.

Total income
102.79
172
177
103
31 Mar 202431 Mar 202531 Dec 2025
Profit after tax
4.36
1
3
4
31 Mar 202431 Mar 202531 Dec 2025
EBITDA
7.33
3
5
7
31 Mar 202431 Mar 202531 Dec 2025
Borrowing vs net worth
38.07 / 17.24
31 Mar 202431 Mar 202531 Dec 2025
Borrowing Net worth
Metric 31 Dec 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 98.58 83.11 64.18 38.71
Total Income 102.79 176.62 172.19 211.60
Profit After Tax 4.36 2.57 1.45 1.13
EBITDA 7.33 5.07 3.25 0.08
NET Worth 17.24 12.95 10.59 5.14
Reserves and Surplus 8.16 12.85 10.49 5.10
Total Borrowing 38.07 32.17 32.46 22.73

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Aureate Tradde RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
15.64
EPS (₹)
4.47
RoCE
20.56%
RoNW
21.88%
PAT Margin
1.48%

Aureate Tradde IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹4.47
P/E Ratio (x) 15.64
Market Cap at Offer Price (₹ Cr) ₹68.28

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹70 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹23.95 Cr of the issue is earmarked to named objects.

Funding working capital requirements of the Company ₹9.93 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
Not stated

About the company

Aureate Tradde Limited was incorporated in 2018 and is headquartered in Nariman Point, Mumbai. The company started as a trading and distribution business focused on chemicals, polymers and industrial materials, and has gradually expanded into advanced energy solutions and EV-related products. Earlier known as MM9 Polytrade Private Limited, the company has built sourcing partnerships across China, Saudi Arabia, Taiwan and the United States to supply industrial products to customers across India.
The company operates an inventory-based business model, where products are procured, stocked and supplied to customers in the domestic market. Its product portfolio includes PVC resins, PET resins, polyethylene products, lithium-ion and sodium-ion cells, EV chargers, and battery charging solutions. Aureate Tradde mainly serves the B2B segment, while EV chargers are supplied through both B2B and B2C channels. The company is promoted by Kalash Kevin Shah and Punit Devendrabhai Shah, who oversee business expansion, procurement and strategic operations.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Kalash Kevin Shah and Punit Devendrabhai Shah
Promoter holding
92.35 64.63
Pre-issue → post-issue
Registered office
404, Floor 4, Plot No.208, Regent Chambers, Jamnalal Bajaj Marg, Nariman Point, Mumbai, Maharashtra, 400021
+91-7208027910

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Corporate Makers Capital Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Listed in Profit 37.5% 3 of 8 listed
Avg Listing Gain +5.6% across 8 issues
Listed Below Issue 5 of 8 listed

Best listing: Kwick Forensic Solutions (+66.7%). Weakest: Fly-Hi Maritime Travels (-20.0%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Aureate Tradde
Email

Frequently asked

What is the GMP of Aureate Tradde?

The current Grey Market Premium is ₹1, or 1% over the issue price.

What is the Aureate Tradde IPO price band?

₹70, on a face value of ₹10.

When is the allotment?

The basis of allotment is 3 June 2026, with listing on 5 June 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.

Aureate Tradde IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹1
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Min bid
₹2,80,000
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