Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
Mutual Funds
Invest in Mutual Funds
Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Sri Priyanka Geo Commex Ltd IPO
Sri Priyanka Geo Commex Ltd
₹2,48,400 /1200 sharesMinimum investment
IPO details
Minimum investment
₹2,48,400
Price range
₹207 - ₹212
Lot size
600
Issue size
94.51 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
24 Jun 2026
IPO open date
29 Jun 2026
IPO close date
30 Jun 2026
Allotment date
30 Jun 2026
Funds unblock or debit
1 Jul 2026
Tentative listing date
About
Founded in
1990
MD/CEO
Mr. Venkata Sai Shiv Prasad Nuthalapati
Parent organisation
Sri Priyanka Geo Commex Ltd
Sri Priyanka Geo Commex Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Sri Priyanka Geo Commex operates across multiple commodity segments, including copper cathodes, barite, fluorspar, rice bran oil, and related by-products. The company also has operations spanning India, Morocco, and Singapore, with sales across several international markets, which helps reduce dependence on a single product category or geography.
The company claims to have built its mineral business around locations that are important to the global barite trade. Its operations in Morocco and Andhra Pradesh provide access to major barite-producing regions, while its Singapore subsidiary acts as a global marketing and trading hub for international customers.
The company operates a rice bran oil manufacturing facility in Andhra Pradesh with an installed capacity of 60,000 MT per annum for solvent extraction and 15,000 MT per annum for oil refining. In addition to crude and refined rice bran oil, it also generates revenue from by-products such as de-oiled rice bran, fatty acids, gums, wax, and spent earth.
The company has strengthened its raw material sourcing strategy through long-term procurement agreements and mining rights in Morocco. Through its subsidiary, Atlas Resources International, it has entered into long-term agreements for the procurement of barite and fluorspar, some of which extend until 2027 and 2028. The company has also secured mining permits for barite and copper assets in Morocco, with the allocated barite mining area estimated to contain approximately 0.75 million MT of barite ore, which could support its future sourcing requirements and reduce dependence on third-party suppliers.
The company claims to have entered into long-term supply arrangements for Moroccan barite with customers in the United States and Germany. These contracts cover substantial volumes and are supported by the company's procurement network in Morocco and marketing operations in Singapore.
The promoters and management team have longstanding experience in the solvent extraction, edible oil, and mineral processing sectors. The company states that it has been active in the edible oil business since 1996 and diversified into global barite, fluorspar, and copper markets from 2015 onwards.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 219.29 crore in FY23 to Rs 250.04 crore in FY24 to Rs 266.25 crore in FY25, while PAT increased from Rs 1.33 crore in FY23 to Rs 2.04 crore in FY24 to Rs 9.82 crore in FY25.
Revenue from subsidiaries contributed Rs 218.20 crore (87.85%), Rs 229.28 crore (86.11%), Rs 204.65 crore (81.85%), and Rs 154.03 crore (70.24%) of the company’s consolidated revenue during the nine months ended December 2025, FY25, FY24, and FY23, respectively. Any adverse change in demand for products sold by its subsidiaries, including copper cathodes, barite, fluorspar, and other minerals, can adversely affect the company’s business, financial condition, and results of operations.
Copper cathode trading contributed Rs 110.24 crore (44.39%), Rs 145.68 crore (54.72%), Rs 139.87 crore (55.94%), and Rs 99.46 crore (45.35%) of consolidated revenue during the nine months ended December 2025, FY25, FY24, and FY23, respectively. Any decline in demand, disruption in procurement or volatility in copper prices could materially affect the company’s revenue and profitability.
The top 10 suppliers of the company accounted for raw material purchases worth Rs 16.67 crore (53.23%), Rs 35.63 crore (70.88%), Rs 20.13 crore (49.96%), and Rs 25.06 crore (45.69%) during the nine months ended December 2025, FY25, FY24, and FY23, respectively. Any inability to procure sufficient quantities of raw materials from these suppliers, or any disruption in their operations, could adversely affect the company’s business, financial condition, and results of operations.
The company’s Singapore subsidiary is highly dependent on a limited number of suppliers for procuring copper cathodes. The top supplier accounted for purchases worth Rs 88.03 crore (41.77%), Rs 163.02 crore (72.74%), Rs 132.47 crore (57.75%), and Rs 63.87 crore (31.37%) during the nine months ended December 2025, FY25, FY24, and FY23, respectively. Any failure to procure adequate quantities of copper cathodes at competitive prices, or any disruption in supply from these key suppliers, can adversely affect the company’s business, financial condition, and results of operations.
The company is dependent on third-party mining operations in Morocco and other regions for the procurement of barite and fluorspar. Any adverse regulatory changes, suspension of mining activities, termination of supply arrangements, or disruptions at these mining operations can negatively impact the company’s supply chain and profitability.
The top 10 customers of the company contributed Rs 28.41 crore (77.69%), Rs 45.39 crore (74.98%), Rs 25.54 crore (54.63%), and Rs 39.37 crore (60.32%) to the company’s revenue from operations during the nine months ended December 2025, FY25, FY24, and FY23, respectively. Failure to retain these key customers, expand the customer base, or loss of business from these clients can hurt the company’s business and financial standing.
The top 10 customers of the company’s subsidiary contributed Rs 218.20 crore (100.00%), Rs 229.28 crore (100.00%), Rs 204.65 crore (100.00%), and Rs 154.03 crore (100.00%) to the subsidiary’s revenue from operations during the nine months ended December 2025, FY25, FY24, and FY23, respectively. If the company is unable to retain these key customers, expand the customer base, or lose business from these clients, it could adversely impact the company’s business and financial standing.
Rice bran oil and its by-products contributed Rs 30.17 crore (82.48%), Rs 36.97 crore (61.10%), Rs 45.39 crore (97.08%), and Rs 65.26 crore (100.00%) of the company’s standalone revenue from operations during the nine months ended December 2025, FY25, FY24, and FY23, respectively. Any reduction in demand for rice bran oil products or a downturn in the edible oil industry may materially affect the company’s standalone business and financial performance.
The company’s rice bran oil manufacturing facilities have reported low capacity utilisation levels. The solvent extraction plant operated at only 32.52%, 23.51%, 19.79%, and 21.81% utilisation during FY23, FY24, FY25, and the nine months ended December 2025 respectively, while the refinery remained idle during the nine months ended December 2025. Continued underutilisation may adversely affect profitability and operational efficiency.
The company’s international operations are concentrated in a limited number of overseas markets. As of March 31, 2025, approximately 86% of its consolidated revenue from operations was generated from outside India. Any adverse political, economic, trade, currency, or regulatory developments in these overseas markets could adversely affect the company’s business, financial condition, and results of operations.
The company has experienced operational disruptions due to boiler maintenance shutdowns, cyclonic conditions, and regulatory restrictions. During FY24, mandatory boiler maintenance resulted in approximately 40 days of production downtime, while a temporary ban on the export of de-oiled rice bran also affected production and capacity utilisation. Recurrence of such events could adversely impact operations and profitability.
The company recorded negative cash flows from operating activities amounting to Rs 10.60 crore, Rs 4.49 crore, and Rs 3.77 crore during the nine months ended December 2025, FY24, and FY23, respectively, chiefly due to a rise in trade receivables. It also recorded negative cash flows from investing activities amounting to Rs 0.56 crore and Rs 0.26 crore during the nine months ended December 2025 and FY23, respectively. If cash outflows continue to exceed inflows, the company may face liquidity challenges, which could adversely affect its business, financial condition, and growth prospects.
The company commenced domestic barite trading operations only in FY25 and therefore has a limited operating history in this segment. If the company is unable to scale this business, execute orders efficiently, or manage risks associated with the new segment, that could adversely affect future growth prospects and financial performance.
The company reported significantly lower profitability margins than its listed peer, Gujarat Mineral Development Corporation Limited (GMDC). Sri Priyanka Geo Commex reported EBITDA margins of 6.18%, 2.42%, and 1.86% and PAT margins of 3.69%, 0.81%, and 0.61% in FY25, FY24, and FY23, respectively, compared to GMDC's EBITDA margins of 34.84%, 36.40%, and 49.47% and PAT margins of 24.06%, 25.06%, and 34.43% during the same periods. The company's comparatively lower profit margins may limit profitability and returns for investors.
Application details
For Sri Priyanka Geo Commex IPO, eligible investors can apply as Individual investor.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Individual investor | ₹207 - ₹212 | ₹2 - ₹5 Lakhs | 600 |