Aureate Tradde IPO is a fixed price SME issue worth ₹27.29 crore, comprising a completely fresh issue of 38.98 lakh equity shares.
The IPO will open for subscription on May 29, 2026, and close on June 2, 2026. The basis of allotment is likely to be finalised on June 3, 2026, while the company is expected to list on the BSE SME platform on June 5, 2026.
The company has fixed the IPO price at ₹70 per share. Investors can apply in lots of 2,000 shares. Retail investors are required to apply for a minimum of 2 lots or 4,000 shares, translating into an investment of ₹2.80 lakh. For HNI investors, the minimum application size is 3 lots or 6,000 shares, amounting to ₹4.20 lakh.
Corporate Makers Capital Ltd. is acting as the book-running lead manager to the issue, while MUFG Intime India Pvt. Ltd. has been appointed as the registrar. The market-making responsibilities have been assigned to Giriraj Stock Broking Pvt. Ltd..
Industry Outlook
- Aureate Tradde Limited operates in the industrial trading and distribution segment, focusing on polymers, petrochemicals, battery cells, and EV-related products.
- The company benefits from steady demand in India’s plastics and petrochemical market, supported by growth in packaging, manufacturing, infrastructure, and consumer goods industries.
- Its polymers and petrochemical trading business remains volume-driven, though profitability can be impacted by fluctuations in global commodity prices and intense competition in the fragmented trading market.
- The company is also expanding into green energy and electric mobility segments through lithium-ion cells, sodium-ion cells, and EV charging solutions.
- Rising adoption of electric vehicles and India’s push towards clean energy and sustainable mobility could create long-term growth opportunities for the business.
- Aureate Tradde’s inventory-led trading model allows it to operate with a relatively asset-light structure compared to manufacturing companies.
- However, the business remains exposed to supply chain disruptions, inventory management risks, and changes in international trade policies.
- The company operates in a highly competitive industry where efficient working capital management and maintaining trading margins are critical for profitability.
- Analysts believe the traditional trading business offers stable demand, while the EV and sodium-ion battery segments could provide future growth potential if the company successfully scales its operations.
- Investors may monitor the company’s ability to improve margins, manage debt levels, and capitalise on opportunities in the emerging EV ecosystem.
Aureate Tradde IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- The company plans to utilise the net proceeds from the IPO for the following purposes:
- Around ₹10 crore will be used to meet the company’s working capital requirements and support day-to-day business operations.
- Approximately ₹9.93 crore has been earmarked for repayment or prepayment of certain existing borrowings, which may help reduce debt obligations.
- The remaining ₹4.09 crore will be allocated towards general corporate purposes, including business and operational requirements.
- In total, the company intends to deploy ₹24.01 crore from the IPO proceeds across these key objectives.
About Aureate Tradde Limited
Founded in 2018, Aureate Tradde Ltd. is engaged in the trading, distribution, and supply of industrial as well as technology-driven products across the domestic market. The company operates through three major business segments comprising polymers and petrochemicals, lithium-ion and sodium-ion battery cells, and electric vehicle charging solutions. Its product range includes PVC and PET resins, LDPE and HDPE grades of polyethylene, lithium-ion and sodium-ion cells, lead-acid and lithium chargers, along with EV chargers.
The company follows an inventory-led business model, wherein products are procured and stocked in advance to ensure timely supply to customers ranging from small enterprises to large businesses. Aureate Tradde mainly caters to the B2B segment in polymers, petrochemicals, and battery cells, while its EV charger business serves both B2B and B2C customers. The company is also the exclusive distributor in India for sodium-ion cells manufactured by Jianghu Highstar Battery Manufacturing Co., Ltd. As of April 30, 2026, Aureate Tradde had a workforce of 13 employees.
The company’s key strengths include strategically located warehouses and depots, experienced promoters, diversified industry exposure, stable financial performance, and long-standing relationships with clients.
How To Check the Allotment Status of the Aureate Tradde IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Aureate Tradde IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Aureate Tradde IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Aureate Tradde IPO
Registered office: Aureate Tradde Ltd. Address-404, Floor 4, Plot No. 208, Regent Chambers, Jamnalal Bajaj Marg, Nariman Point, Mumbai, Maharashtra, 400021
Phone:+91-7208027910
Email:compliance@aureatetradde.in
Aureate Tradde IPO Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| NII (HNI) Shares Offered | 18,50,000 | 49.97% | 47.46% |
| Retail Shares Offered | 18,52,000 | 50.03% | 47.51% |
| Market Maker Shares Offered | 1,96,000 | — | 5.03% |
| Total Shares Offered | 38,98,000 | 100.00% | 100.00% |
Aureate Tradde IPO Promoter Holding
The promoters of the company are Mr. Kalash Kevin Shah and Mr. Punit Devendrabhai Shah.
| Share Holding Pre-Issue | 92.35% |
| Share Holding Post Issue | 92.35% |
Key Performance Indicators for Aureate Tradde IPO
| KPI | Dec 31, 2025 | Mar 31, 2025 |
| ROE | 28.87% | 21.88% |
| ROCE | 25.07% | 20.56% |
| Debt/Equity | 2.21 | 2.49 |
| RoNW | 28.87% | 21.88% |
| PAT Margin | 4.28% | 1.48% |
| EBITDA Margin | 7.20% | 2.91% |
| Price to Book Value | — | 0.05 |
Aureate Tradde IPO Prospectus
Aureate Tradde IPO Registrar and Lead Managers
Aureate Tradde IPO Lead Managers
Registrar for Aureate Tradde IPO
- Contact Number: +91-22-4918 6270
- Email Address: aureatetradde.smeipo@in.mpms.mufg.com
Financial Performance of Aureate Tradde Limited
| Particulars (₹ Cr) | Dec 31, 2025 | Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 |
| Assets | 98.58 | 83.11 | 64.18 | 38.71 |
| Total Income | 102.79 | 176.62 | 172.19 | 211.60 |
| Profit After Tax (PAT) | 4.36 | 2.57 | 1.45 | 1.13 |
| EBITDA | 7.33 | 5.07 | 3.25 | 0.08 |
| Net Worth | 17.24 | 12.95 | 10.59 | 5.14 |
| Reserves & Surplus | 8.16 | 12.85 | 10.49 | 5.10 |
| Total Borrowings | 38.07 | 32.17 | 32.46 | 22.73 |
Aureate Tradde Limited Peer Details Comparison
| Company Name | EPS (Basic) | NAV (₹ per Share) | P/E (x) | RoNW (%) | P/BV Ratio |
| Aureate Tradde Ltd. | 2.83 | 1,361.91 | 24.73 | 21.88% | 0.05 |
| Bhavik Enterprises Ltd. | 3.58 | 61.62 | 43.85 | 5.97% | 2.57 |
Strengths and Opportunities of Aureate Tradde IPO
- Aureate Tradde’s ₹27.29 crore SME IPO provides exposure to India’s expanding EV, battery, and clean energy ecosystem.
- The company holds exclusive pan-India distribution rights for sodium-ion cells manufactured by Jianghu Highstar Battery Manufacturing, giving it a niche position in the emerging battery technology market.
- Sodium-ion batteries are viewed as a promising alternative to traditional lithium-ion batteries due to benefits such as improved safety, faster charging capability, and potentially lower costs.
- Aureate Tradde operates across diversified business segments including polymers, petrochemicals, battery cells, and EV charging infrastructure, reducing dependence on a single product category.
- The company has shown improvement in profitability over the years, with PAT increasing from ₹1.13 crore in FY23 to ₹2.57 crore in FY25, while 9M FY26 earnings remained strong at ₹4.36 crore.
- Rising adoption of electric vehicles, especially electric two-wheelers and three-wheelers in India, is expected to drive demand for EV chargers and advanced battery solutions.
- The company’s presence in EV charging and sodium-ion battery distribution positions it to benefit from India’s transition toward sustainable mobility and clean energy.
- A significant portion of the IPO proceeds will be utilised for working capital requirements, enabling the company to maintain larger inventories and support future business expansion.
Risks and Threats of Aureate Tradde IPO
- Aureate Tradde has reported negative operating cash flows despite posting profits, indicating pressure on cash generation due to high inventory levels and receivables.
- The company operates with a relatively high debt burden, with the debt-to-equity ratio remaining above 2x, which could impact financial flexibility and increase repayment risks.
- Profit margins remain thin, making the business vulnerable to fluctuations in commodity prices, operating costs, or slowdown in demand.
- The trading nature of the business requires substantial working capital, increasing dependence on efficient cash flow management.
- The company relies significantly on imports and international suppliers for battery cells and related products. Any disruption in supply chains may impact operations and revenue.
- Aureate Tradde’s exclusive distribution arrangements for sodium-ion cells are important to its business model. Any termination or disruption in these agreements could adversely affect growth prospects.
- A large portion of revenue is derived from a limited number of customers, increasing customer concentration risk and dependency on key clients.
- Delays in payments from major customers may create liquidity pressures and working capital challenges.
