Sri Priyanka Geo Commex Ltd IPO
Mining & Mineral products
Price Band
₹207 – ₹212
Lot Size
600
Minimum Bid Quantity
1200
Minimum Investment
₹254400
Issue Size
₹94.51Cr
Opens
2026-06-24
Closes
2026-06-29
Listing
01-07-2026
Subscription Status
Qualified Institutional Buyers
13.14 x
Non-Institutional Investor
0.29 x
Retail Individual Investor
0.15 x
Total
0.32 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0WEN01019
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Sri Priyanka Geo Commex Limited is engaged in the supply of minerals and the manufacture of rice bran oil. The company’s mineral portfolio includes barite, fluorspar, and copper cathodes, which are supplied to industries such as oil and gas, chemicals, infrastructure, electronics, and power. Its rice bran oil business covers the production of crude and refined rice bran oil as well as by-products such as de-oiled rice bran (DORB), fatty acids, gums, wax, and spent earth. The company operates in India and international markets through its subsidiaries in Singapore and Morocco, which support the sourcing, procurement, marketing, and sale of minerals and copper cathodes. Its rice bran oil manufacturing facility is located in Andhra Pradesh. The company also holds mining permits in Morocco as part of its raw material sourcing strategy.
Pros
- • 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.
Cons
- • 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.
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