Sri Priyanka Geo Commex Limited is coming up with a 100% book-built IPO comprising a fresh issue of up to 44,58,000 equity shares of face value ₹10 each, aggregating to 27.46% of the post-issue equity capital.
The company has fixed a price band of ₹207 to ₹212 per share, while the lot size is 600 shares. The issue will be listed on the NSE Emerge platform of the National Stock Exchange of India.
Retail investors can apply through the ASBA or UPI facility, with bidding to be done in line with the prescribed lot size as per IPO norms.
Sri Priyanka Geo Commex IPO Objectives
The net proceeds raised from the Fresh Issue of ₹94.51 Crores are earmarked for specific operational and strategic growth initiatives. Here is the detailed breakdown:
- The largest share of the IPO capital is allocated to inject funds directly into the wholly owned subsidiary, Geo Min Commodities Pte. Ltd., Singapore, to meet its growing incremental working capital requirements. This heavy allocation supports their main revenue engine, as international subsidiaries drive up to 87.85% of the group's consolidated top line.
- Capital amounting to ₹16.50 Crores will be utilized to support the core day-to-day operations and fund the working capital requirements of the Parent Company in India. This ensures smoother capacity management for their domestic business wings.
- The company has earmarked a fixed allocation of ₹10.00 Crores to clear or prepay certain high-cost borrowings and outstanding loans availed by the company, which will help optimize interest obligations and improve overall debt-to-equity ratios.
- The remaining balance from the net proceeds will be deployed toward general corporate goals, addressing routine administrative expenses, and management-driven contingencies that arise during standard corporate actions.
About Sri Priyanka Geo Commex
Incorporated originally on April 30, 1990, as Sri Priyanka Agro Enterprises Private Limited, the company rebranded to Sri Priyanka Geo Commex Private Limited in November 2024 to align its identity with its evolving business operations as dealers in solvent and extraction oils. It subsequently converted into a public limited company in December 2024.
The company operates a highly diversified business model split into two primary segments: the manufacturing, refining, and selling of crude rice bran oil alongside its associated byproducts (like de-oiled rice bran and fatty acids), and the international trading of high-demand industrial minerals (including Copper Cathodes, Barite, and Fluorspar) channeled through its global subsidiaries based in Singapore and Morocco.
Industry Outlook
- Global demand for minerals like Copper, Barite, and Fluorspar is increasing due to construction, energy, and manufacturing growth.
- Copper demand is rising due to its use in power, EVs, electronics, and infrastructure development worldwide.
- Barite demand is closely linked to drilling activities in the global oil and gas sector.
- Mineral trading is highly dependent on international commodity prices, which remain volatile and cyclical.
- The industry relies heavily on mining output, logistics, and cross-border trade networks, making it sensitive to disruptions.
- Developing countries like India are playing a bigger role in sourcing and re-exporting industrial minerals.
- Companies are increasingly building global supply chains to reduce dependency on single regions.
- Mining rules, export restrictions, and global tensions continue to impact availability and pricing of key commodities.
How To Apply for the Sri Priyanka Geo Commex 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 Sri Priyanka Geo Commex 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.
How To Check the Allotment Status of Sri Priyanka Geo Commex 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.
Contact Details of Sri Priyanka Geo Commex
Registered Office Address: 7B, 7th Floor, Century Plaza, 560-562, Anna Salai, Chennai – 600 018, Tamil Nadu, India
Telephone: 044-2432 3609
Email: cs@spgeocl.com (Compliance) / csi@spreocl.com
Contact Person: Shilpa Agarwal (Company Secretary and Compliance Officer)
Sri Priyanka Geo Commex IPO Reservation
| Investor Category | % of Issue |
| QIB Shares Offered | 0.98% |
| NII (HNI) Shares Offered | 29.71% |
| − bNII > ₹10L | 18.82% |
| − sNII < ₹10L | 9.41% |
| Retail Shares Offered | 69.31% |
| Market Maker Shares Offered | 5.01% |
| Total Shares Offered | 100.00% |
IPO Lot Size Details
| Application Type | Lots | Shares | Amount |
| Individual Investors (IND) Min | 2 | 1,200 | ₹2,54,400 |
| Individual Investors (IND) Max | 2 | 1,200 | ₹2,54,400 |
| S-HNI (Min) | 3 | 1,800 | ₹3,81,600 |
| S-HNI (Max) | 7 | 4,200 | ₹8,90,400 |
| B-HNI (Min) | 8 | 4,800 | ₹10,17,600 |
Sri Priyanka Geo Commex IPO Promoter Holding
The promoters of the company are Ravi Kumar Nuthalapati, Venkata Sai Shiv Prasad Nuthalapati, and Veera Vikram Nuthalapati.
| Shareholder Category | Pre-Issue Holding | Post-Issue Holding |
| Promoters | 100.00% | 72.54% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Sri Priyanka Geo Commex
| KPI | Dec 31, 2025 | Mar 31, 2025 |
| ROE | 42.86% | 37.03% |
| ROCE | 46.17% | 45.94% |
| Debt/Equity | 1.04 | 1.11 |
| PAT Margin | 7.15% | 3.69% |
| EBITDA Margin | 10.53% | 6.18% |
Sri Priyanka Geo Commex IPO Prospectus
Sri Priyanka Geo Commex IPO Registrar and Lead Managers
Sri Priyanka Geo Commex IPO Lead Managers
- Name: Horizon Management Private Limited
- Address: 19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata – 700 001, West Bengal, India
- Telephone: +91 33 4600 0607
- Email:smeipot@horizon.net.co / smeipo@horizon.net.co
Registrar for Sri Priyanka Geo Commex
- Name: Cameo Corporate Services Limited
- Address: "Subramanian Building", No.1, Club House Road, Chennai – 600 002, Tamil Nadu, India
- Telephone: +91 44 4002 0700
- Email:ipo@cameoindia.com
Financial Performance of Sri Priyanka Geo Commex
| Financial Metric | FY 2025 | FY 2024 | FY 2023 |
| Total Revenue (₹ in Lakhs) | 26,624.81 | 25,003.62 | 21,928.86 |
| Subsidiary Revenue Share (%) | 86.11% | 81.85% | 70.24% |
| Copper Cathodes Revenue (₹ in Lakhs) | 14,568.45 | 13,987.29 | 9,945.69 |
| Barite Revenue (₹ in Lakhs) | 4,487.11 | 3,745.01 | 1,065.94 |
| Standalone Revenue Share (%) | 13.89% | 18.15% | 29.76% |
Sri Priyanka Geo Commex Peer Comparison
| Metric | Sri Priyanka Geo Commex Ltd | Gujarat Mineral Development Corporation Ltd (GMDC) |
| Revenue from Operations | ₹26,624.81 lakhs | ₹2,85,084 lakhs |
| Basic EPS | ₹8.34 | ₹21.57 |
| RoNW | 30.88% | 10.70% |
| PAT Margin | 3.69% | 24.06% |
Strengths and Opportunities for Sri Priyanka Geo Commex IPO
- Most revenue (87.85%) comes from subsidiaries in Singapore and Morocco, which are performing well.
- The company trades in different minerals like Copper Cathodes, Barite, and Fluorspar to reduce risk.
- Barite business has grown sharply from ₹1,065.94 Lakhs in FY23 to ₹6,792.04 Lakhs in 2025.
- It earns from both steady domestic products like Rice Bran Oil and global mineral trading.
- The company has stable supply arrangements with local plants and international suppliers.
- The promoters have strong experience in handling commodity and trading businesses.
- It is expanding its supplier and buyer base in international mineral markets.
- It earns additional income by selling by-products like De-Oiled Rice Bran and Fatty Acids.
- The company has grown from a local firm into a listed public company with wider market reach.
- It benefits from being close to key processing and supply hubs in Andhra Pradesh and Tamil Nadu.
Risks and Threats for Sri Priyanka Geo Commex IPO
- Most of the company’s revenue (87.85%) comes from international subsidiaries, so earnings can change quickly with global conditions.
- It does not have fixed long-term contracts for key raw materials like Copper Cathodes and Rice Bran, which can affect supply stability.
- Copper Cathode trading alone makes up about 44.39% of total revenue, so the business is not well diversified.
- The company depends on outside mines, so any stoppage, legal issue, or environmental restriction can disrupt operations.
- Sales are mostly based on purchase orders, not long-term agreements, so future revenue is less certain.
- Revenue from India has fallen from 29.76% in FY23 to 12.15% in 2025.
- Some old company records (like Form 2 from earlier years) are missing.
- The business depends on sea transport, so delays and higher freight costs can affect profits.
- Prices of key materials can go up or down suddenly, which can impact margins.
- The company faces tough competition from large players who can sell at lower prices due to scale.
