Aureate Tradde's initial public offering has been oversubscribed 1.4 times on the final day of bidding on Tuesday, June 2, marking a significant improvement from the 50% subscription reported on the second day. According to latest BSE SME data, investors have put in bids for 55.02 lakh shares via 1,223 applications, with 44.76 lakh shares applied by retail investors and 10.26 lakh shares by non-institutional investors. The grey market premium (GMP) stands at ₹10, indicating a 10% premium over the issue price of ₹70, suggesting an estimated listing price of ₹77. This represents a substantial increase from the previous ₹13 GMP reported earlier, indicating growing investor confidence in the SME issue.
Aureate Tradde's initial public offering opened for subscription on Friday, May 29, seeking to raise approximately ₹27.3 crore through a fixed price issue. The IPO consists entirely of a fresh issue of 38.98 lakh shares priced at ₹70 per share. The subscription window closed on June 2, with 18,40,000 shares received against the offered 37,02,000 shares. Aureate Tradde IPO allotment is likely to be finalised on June 3, while trading in Aureate Tradde shares will commence on the BSE SME platform effective June 5. The shares are scheduled to list on the BSE SME platform on June 5. Investors can apply for the IPO via ASBA through their bank accounts or via IPO forms downloaded online.
The company plans to utilize the net proceeds from the issue towards ₹10 crore for working capital requirements, ₹9.9 crore for debt repayment, and ₹4.08 crore for general corporate purposes. The company has demonstrated strong financial performance with profit of ₹4.4 crore and revenue of ₹101.8 crore for the nine months period ended December 2025. Profit in the fiscal 2025 grew by 77.9% to ₹2.6 crore from ₹1.4 crore in the previous year, while revenue during the same years increased by 2.1% to ₹174.4 crore from ₹170.7 crore. As per investorgain.com, Kalash Shah, Chairman and MD of Aureate Tradde, stated that "The IPO marks an important step in our growth journey and will support us in strengthening our working capital position, improving operational capabilities and expanding our presence across key business verticals."
Investors can apply for a minimum of 4,000 shares requiring a minimum investment of ₹2.8 lakh for retail investors, while HNI investors must apply for at least 6,000 shares amounting to ₹4.2 lakh. The Aureate Tradde IPO has a minimum market lot of 2,000 shares with an application amount of ₹2.8 lakh. Out of the total issue size, approximately 18.52 lakh shares have been reserved for retail investors and 18.5 lakh shares for non-institutional investors. The company was incorporated in 2018 and operates in the trading, distribution and supply of industrial and technological materials. Aureate Tradde is engaged in the distribution of industrial and technological materials across three key business verticals including polymers and petrochemicals, lithium-ion and sodium-ion cells, and electric vehicle chargers.
The IPO comes at a time when SME market activity has remained selective amid broader market volatility and cautious investor sentiment toward smaller issues. Corporate Makers Capital serves as the book-running lead manager to the issue, while MUFG Intime India acts as the registrar and Giriraj Stock Broking is the market maker for the IPO. The company plans to utilize the net proceeds from the issue towards funding working capital requirements, repayment/pre-payment of certain borrowings, and meeting general corporate expenses. Investors are recommended to apply for the IPO with long-term views and should consider checking the QIB, NII, and Retail numbers before investing. The issue is scheduled to list on the BSE SME platform on June 5.
