Aureate Tradde Ltd IPO

Trading

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Price Band

₹70 – ₹70

Lot Size

2000

Minimum Bid Quantity

4000

Minimum Investment

₹280000

Issue Size

₹27.29Cr

Opens

2026-05-29

Closes

2026-06-02

Listing

05-06-2026

IPO Details

Issue Type

FP

Face Value

₹10

Tick Size

1

ISIN

INE1KVL01010

Pre-Apply Available

No

Daily Bidding Time

10:00:00 - 17:00:00

About the Company

Aureate Tradde Limited is engaged in the trading, distribution, and supply of polymers, petrochemicals, lithium-ion and sodium-ion cells, and electric vehicle (EV) chargers. The company operates through three business verticals: polymers and petrochemicals, battery cells, and EV chargers. Its product portfolio includes PVC resins, PET resins, polyethylene materials such as LDPE and HDPE, lithium-ion and sodium-ion cells, and electric vehicle chargers. The company imports products from international manufacturers and supplies them to customers in industries such as plastic manufacturing, electric mobility, and EV infrastructure. Aureate Tradde primarily operates in the domestic B2B segment for polymers, petrochemicals, and battery cells, while EV chargers are supplied through both B2B and B2C channels. The company operates through rented warehouse and storage facilities located in Delhi, Gujarat, and Maharashtra for the storage and distribution of its products.

Pros

  • • 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.

Cons

  • • 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.

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