Published: 20 June 2026 | 8.00 AM
Last Updated: 20 June 2026 | 8.00 PM
Sri Priyanka Geo Commex IPO Review, GMP, Price Band, Subscription & Allotment Status
IPO Overview / Intro
Sri Priyanka Geo Commex IPO is an SME book building issue aggregating up to Rs. 94.51 Crore. The IPO comprises a fresh issue of 44,58,000 equity shares and there is no Offer for Sale component.
The IPO opens for subscription on 24 June 2026 and closes on 29 June 2026. The shares are proposed to be listed on NSE SME with a tentative listing date of 2 July 2026.
Sri Priyanka Geo Commex Limited operates a diversified commodity business with exposure to critical minerals and edible oils. The company is engaged in the international trading of Barite, Fluorspar and Copper Cathode through its overseas subsidiaries while also manufacturing crude and refined rice bran oil from its facility in Andhra Pradesh.
The company has established sourcing relationships in Morocco for Barite and Fluorspar and procures Copper Cathode from Chile. In addition, it sells rice bran oil and related by-products such as de-oiled rice bran, gums and wax. During FY2025, the company supplied products across seven Indian states and five international markets.
A notable feature of the issue is the unusually low QIB allocation of less than 1% of the net issue. Investors may therefore closely monitor institutional participation during the subscription period.
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | SME Book Building IPO |
| Issue Size | Rs. 94.51 Crore |
| Fresh Issue | 44,58,000 Shares |
| Offer For Sale | Nil |
| Price Band | Rs. 207 to Rs. 212 Per Share |
| Face Value | Rs. 10 Per Share |
| Listing Exchange | NSE SME |
| Lot Size | 600 Shares |
| Retail Application | Rs. 2,54,400 |
| Market Cap | Rs. 344.22 Crore (Pre IPO) |
| Listing Date | 2 July 2026 |
👉 | IPO GMP – which IPO commands fancy?
| IPO Reviews | IPO Subscription | IPO Allotment |
Sri Priyanka Geo Commex IPO GMP – Latest Update
| GMP Details | Value |
| Sri Priyanka Geo Commex IPO GMP Today | Updating Soon |
| Kostak Rate | Updating Soon |
| Subject to Sauda | Updating Soon |
Sri Priyanka Geo Commex IPO Subscription Status – Live Update
| Category | Subscription |
| QIB Category | Updating Soon |
| NII Category | Updating Soon |
| Retail Category | Updating Soon |
| Total Subscription | Updating Soon |
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 24 June 2026 to 29 June 2026 |
| Listing Date | 2 July 2026 |
| Face Value | Rs. 10 Per Share |
| Price Band | Rs. 207 to Rs. 212 Per Share |
| Lot Size | 600 Shares |
| Issue Type | Book Building SME IPO |
| Listing At | NSE SME |
| Total Issue Size | 44,58,000 Shares |
| Issue Size | Rs. 94.51 Crore |
| Fresh Issue | 44,58,000 Shares |
| Offer For Sale | Nil |
| Reserved For Market Maker | 2,23,200 Shares |
| Market Maker | Nikunj Stock Brokers Ltd. |
| Net Offered To Public | 42,34,800 Shares |
| Shareholding Pre Issue | 1,17,78,842 Shares |
| Shareholding Post Issue | 1,62,36,842 Shares |
| Market Cap | Rs. 344.22 Crore (Pre IPO) |
IPO Timetable
| Event | Date |
| IPO Open Date | 24 June 2026 |
| IPO Close Date | 29 June 2026 |
| Basis of Allotment | 30 June 2026 |
| Refund Initiation | 1 July 2026 |
| Credit of Shares | 1 July 2026 |
| Listing Date | 2 July 2026 |
Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| QIB Shares Offered | 41,400 | 0.98% | 0.93% |
| NII Shares Offered | 12,58,200 | 29.71% | 28.22% |
| bNII Shares Offered | 8,38,800 | 19.81% | 18.82% |
| sNII Shares Offered | 4,19,400 | 9.90% | 9.41% |
| Retail Shares Offered | 29,35,200 | 69.31% | 65.84% |
| Market Maker Shares Offered | 2,23,200 | – | 5.01% |
| Total Shares Offered | 44,58,000 | 100.00% | 100.00% |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 2 | 1,200 | Rs. 2,54,400 |
| Retail Maximum | 2 | 1,200 | Rs. 2,54,400 |
| S-HNI Minimum | 3 | 1,800 | Rs. 3,81,600 |
| S-HNI Maximum | 7 | 4,200 | Rs. 8,90,400 |
| B-HNI Minimum | 8 | 4,800 | Rs. 10,17,600 |
Company Details
Sri Priyanka Geo Commex Limited is a diversified commodity-focused company operating across critical minerals and edible oil segments.
Its critical minerals business includes Barite, Fluorspar and Copper Cathode trading. International operations are conducted through Geo Min Commodities Pte. Ltd., Singapore and its Morocco-based subsidiary Atlas Resources International. The company sources Barite and Fluorspar from Morocco while Copper Cathode is procured from Chile and supplied to customers through its international trading network.
The company also manufactures crude and refined rice bran oil through its Andhra Pradesh facility with annual capacities of 60,000 MT for solvent extraction and 15,000 MT for oil refining. Additional revenue is generated from by-products such as de-oiled rice bran, gums and wax.
Competitive Strengths
Key Strengths
- Diversified Commodity Business Model
- Presence Across Critical Minerals And Edible Oils
- Strategic International Procurement Network
- Automated Manufacturing Facility
- Strong Supply Chain Infrastructure
- Long-Term Customer Relationships
- Diversified Customer Base
- Growing International Presence
IPO Objects
| Sr. No. | Objects of the Issue | Estimated Amount |
| 1 | Repayment / Prepayment of Borrowings | Rs. 10.00 Crore |
| 2 | Working Capital Requirements | Rs. 16.50 Crore |
| 3 | Investment In Geo Min Commodities Pte. Ltd. | Rs. 47.00 Crore |
| 4 | General Corporate Purposes | Balance Amount |
Financials
| Particulars (Rs. Crore) | Dec 2025 | FY2025 | FY2024 | FY2023 |
| Total Assets | 157.71 | 81.22 | 67.27 | 66.88 |
| Total Income | 249.67 | 266.65 | 250.19 | 219.48 |
| Profit After Tax | 17.76 | 9.82 | 2.04 | 1.33 |
| EBITDA | 26.15 | 16.46 | 6.05 | 4.08 |
| Net Worth | 51.05 | 31.80 | 21.24 | 19.04 |
| Reserves & Surplus | 39.27 | 28.84 | 18.28 | 16.08 |
| Total Borrowings | 53.29 | 35.43 | 33.91 | 25.10 |
Valuation
Key Performance Indicators (KPI)
| KPI | Dec 2025 |
| ROE | 42.86% |
| ROCE | 46.17% |
| Debt / Equity | 1.04 |
| RoNW | 34.78% |
| PAT Margin | 7.15% |
| EBITDA Margin | 10.53% |
| Price To Book Value | 7.85 |
EPS & Valuation
| Particulars | Pre IPO | Post IPO |
| EPS (Rs.) | 8.34 | 14.58 |
| P/E (x) | 25.42 | 14.54 |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 100.00% | 72.54% |
Company Address
| Particulars | Details |
| Registered Office | 7B, 7th Floor, Century Plaza, 560-562 Anna Salai, Chennai, Tamil Nadu – 600018 |
| Phone | 044 2432360 |
| cs@spgeocl.com |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | Horizon Financial Pvt. Ltd. |
| Registrar | Cameo Corporate Services Ltd. |
| Registrar Phone | +91-44-28460390 |
| Registrar Email | ipo@cameoindia.com |
| Market Maker | Nikunj Stock Brokers Ltd. |
Chanakya View
Investment Summary
| Parameter | Observation |
| Industry | Commodity Trading & Edible Oils |
| Business Segments | Critical Minerals & Rice Bran Oil |
| Geographic Presence | India, Singapore, Morocco & International Markets |
| Revenue Scale | Strong |
| Profit Growth | Significant Improvement |
| Return Ratios | Excellent |
| Debt Levels | Moderate |
| Working Capital Requirement | High |
| Diversification | Strong |
| Valuation | Reasonable |
| Listing | NSE SME |
Positives
Strengths
- Diversified Commodity Portfolio
- Strong Growth In Profitability
- High ROE And ROCE
- International Sourcing Network
- Established Overseas Subsidiaries
- Multiple Revenue Streams
- Long-Term Customer Relationships
- Strong Industry Position In Niche Minerals
Concerns
Risks
- Commodity Price Volatility
- Working Capital Intensive Business
- Dependence On Global Supply Chains
- Foreign Currency Risk
- Moderate Debt Levels
- SME Liquidity Risk
Sri Priyanka Geo Commex operates a diversified commodity business spanning critical minerals and edible oils, providing multiple revenue streams and reducing dependence on a single product category. The company’s international sourcing network and overseas subsidiaries create an entry barrier in the niche Barite and Fluorspar segments.
Financial performance has improved significantly with profit after tax rising from Rs. 2.04 Crore in FY2024 to Rs. 9.82 Crore in FY2025 and further to Rs. 17.76 Crore for the nine months ended December 2025. Return ratios are also impressive with ROE above 42% and ROCE above 46%.
A substantial portion of the IPO proceeds will be deployed towards working capital and overseas subsidiary funding, indicating management’s focus on scaling international operations.
At the upper price band of Rs. 212, the issue appears reasonably valued considering the strong earnings growth, diversified business model and healthy return ratios. However, investors should monitor commodity cycles, working capital requirements and global trade risks.
Chanakya View: Subscribe for Long Term. The company combines strong profitability, international commodity exposure and healthy return ratios, making it one of the better diversified SME offerings in the current market.
FAQs
What is Sri Priyanka Geo Commex IPO GMP today?
Sri Priyanka Geo Commex IPO GMP is currently updating in the grey market. Investors should track the latest GMP before the IPO opens.
What is the Sri Priyanka Geo Commex IPO price band?
The price band is fixed at Rs. 207 to Rs. 212 per share.
What is the Sri Priyanka Geo Commex IPO lot size?
The lot size is 600 shares. Retail investors need to apply for a minimum of 1,200 shares.
When will Sri Priyanka Geo Commex IPO list?
The IPO is expected to list on NSE SME on 2 July 2026