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Aureate Tradde Ltd IPO
Aureate Tradde Ltd
₹2,80,000 /4000 sharesMinimum investment
IPO details
Minimum investment
₹2,80,000
Price range
₹70 - ₹70
Lot size
2,000
Issue size
27.29 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
29 May 2026
IPO open date
2 Jun 2026
IPO close date
3 Jun 2026
Allotment date
3 Jun 2026
Funds unblock or debit
5 Jun 2026
Tentative listing date
About
Founded in
2018
MD/CEO
Mrs Kalash Kevin Shah
Parent organisation
Aureate Tradde Ltd
Aureate Tradde Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Aureate Tradde operates through warehouses and depots located in Maharashtra, Gujarat, and Delhi. The company claims that the strategic placement of these facilities near major transport networks and ports such as Mundra Port, Nhava Sheva Port, and ICD Dadri Port helps in reducing logistics costs and improving distribution efficiency across high-consumption regions.
The company operates across multiple product categories, including polymers, petrochemicals, lithium-ion cells, sodium-ion cells, and electric vehicle chargers. This diversified presence allows it to cater to industries such as construction, packaging, automotive, agriculture, and electric mobility, reducing dependence on a single business segment.
Aureate Tradde claims to be the sole and exclusive distributor of sodium-ion cells in India for Jianghu Highstar Battery Manufacturing Co., Ltd., an international battery manufacturing company engaged in research, development, and production of secondary chemical power products.
The promoters of the company represent the third generation of a family associated with the polymers and petrochemicals business. The family business was established in 1981 as National Color Chem Corp, which was engaged in polymers, petrochemicals, and synthetic rubber trading.
The company is ISO 9001:2015 certified for quality management systems. It claims to follow traceability measures across procurement, storage, and transportation processes for polymers, lithium-ion cells, sodium-ion cells, and EV chargers.
Aureate Tradde follows an inventory-based business model, where products are procured and stored in advance before distribution. This enables it to supply products to customers across small, medium, and large enterprises operating in the plastic manufacturing and electric mobility sectors.
The company has shown growth in profitability over the last three financial years. Profit after tax increased from Rs 1.13 crore in FY23 to Rs 1.45 crore in FY24 and further to Rs 2.57 crore in FY25, while EBITDA margins improved from 0.04% in FY23 to 2.91% in FY25.
The company has a high dependence on a limited number of suppliers for the procurement of products. The top 10 suppliers contributed Rs 92.31 crore (98.61%) of total material purchases in the period ended December 31, 2025, Rs 122.42 crore (78.27%) in FY25, Rs 131.87 crore (77.28%) in FY24, and Rs 138.79 crore (68.69%) in FY23. Any disruption in relationships with these suppliers or inability to source products from alternative vendors could adversely impact operations.
The company derives its entire revenue from the domestic market, with a significant concentration in Maharashtra and Gujarat. Revenue from Maharashtra contributed Rs 41.69 crore (40.94%) in the period ended December 31, 2025, Rs 95.32 crore (54.65%) in FY25, Rs 87.93 crore (51.50%) in FY24, and Rs 152.76 crore (73.08%) in FY23, while Gujarat contributed Rs 59.49 crore (58.43%), Rs 69.88 crore (40.07%), Rs 73.67 crore (43.15%) and Rs 47.81 crore (22.88%) in the same periods. Any adverse economic, political, regulatory, or market developments in these regions could hurt the company’s operations and financial performance.
The company has reported negative cash flows from operating and investing activities in multiple financial periods. Negative cash flow from operating activities stood at Rs 2.90 crore in the period ended December 31, 2025, Rs 0.27 crore in FY25, Rs 2.59 crore in FY24, and Rs 1.12 crore in FY23, while negative cash flow from investing activities stood at Rs 0.74 crore, Rs 0.23 crore, Rs 3.60 crore, and Rs 3.69 crore during the same periods, respectively. If the company continues to generate insufficient cash flows from its operations, it may face challenges in funding working capital requirements, capital expenditure, loan repayments, and future expansion plans.
The company’s profitability is exposed to fluctuations in polymer prices. Any sharp increase in product prices and delay in passing on these costs to customers could negatively impact the company’s margins and short-term financial performance. The company’s ability to pass on higher costs depends on market conditions and competitive pricing dynamics. Any inability to recover increased costs from customers may adversely affect the company’s profitability and cash flows.
The company is involved in certain ongoing legal and regulatory proceedings, including direct tax and GST matters. Any adverse verdicts, penalties, or additional liabilities arising from these cases could hurt the company’s business, financial condition, and profitability.
As of December 31, 2025, and March 31, 2025, the company had contingent liabilities amounting to Rs 2.57 crore. If any of these liabilities materialise, it could adversely affect the company’s financial condition and profitability. The company has also filed a compounding application with the ROC Mumbai for non-compliance with Section 185 of the Companies Act. Any penalties or additional liabilities arising from this matter could negatively impact the company’s financial position.
The company’s polymer trading business operates on a high-volume, low-margin model, where pricing competitiveness plays a significant role in retaining customers and securing bulk orders. Any pressure to offer discounts or reduce prices to maintain market share could adversely affect the company’s margins and profitability. Large customers may negotiate lower prices as order volumes increase, which could further compress profit margins. Any inability to maintain cost efficiencies or optimise the supply chain may negatively impact the company’s financial performance and growth prospects.
As of December 31, 2025, the company had total outstanding borrowings of Rs 38.07 crore, including secured borrowings of Rs 29.93 crore and unsecured borrowings of Rs 8.14 crore. Any failure to service or repay these borrowings on time could adversely affect the company’s financial condition and cash flows.
Application details
For Aureate Tradde IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹70 - ₹70 | ₹2 - ₹5 Lakhs | 2000 |