| Annual Financials | Mar 2023 | Mar 2024 | Mar 2025 |
| Revenue | 209.00 | 170.75 | 174.41 |
| Expenses | 210.05 | 170.16 | 173.16 |
| Other Income | 2.60 | 1.44 | 2.21 |
| Total Revenue | 211.60 | 172.19 | 176.62 |
| Profit Before Tax | 1.55 | 2.03 | 3.46 |
| Net Profit | 1.13 | 1.45 | 2.57 |
Aureate Tradde
Aureate Tradde IPO
₹2,80,000
1.45 xOver-subscribedBidding Dates 29 May, 26 -02 Jun, 26
Min Investment ₹2,80,000
Lot Size2,000
Price Range ₹70 – ₹70
Issue Size ₹27.29 Cr.
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IPO Subscription Details
Retail Subscription Details
2.35 x
Non-Institutional Buyers (bHNI)
0.26 x
Total1.45 x
1.45 x IPO Timeline
IPO Offer Start
29 May,26
IPO Offer Ends
02 Jun,26
Allotment Finalisation
03 Jun,26
Refund Initiation
04 Jun,26
Listing of Shares
05 Jun,26
IPO Analysis
Strengths
The company operates through 3 warehouses located at Maharashtra, Gujarat and New Delhi with well-established connectivity, reducing transportation costs and facilitating distribution to high consumption regions.
The company is led by experienced Promoters Mrs. Kalash Kevin Shah and Mr. Punit Devendrabhai Shah, representing the third generation in plastics and polymers industry with combined 28+ years of experience.
The company demonstrated stable financial performance with profit after tax growing from ₹ 112.86 lakhs in Fiscal 2023 to ₹ 257.42 lakhs in Fiscal 2025, enabling funding of strategic initiatives.
Risks
The company is heavily dependent on overseas suppliers for polymers, Lithium-ion and Sodium-ion cells, and Electric Vehicle Chargers, with the top supplier accounting for 42.27% of total material purchases as of December 31, 2025. The company does not have long-term supply contracts and typically sources products monthly, exposing it to price volatility, supply disruptions, and limited negotiation power.
The company's exclusive distribution agreement with Jiangsu Highstar Battery Manufacturing Co., Ltd. is valid for only one year with automatic 6-month extension. Termination or unfavorable modification of this agreement would materially affect the company's ability to continue operations in the Sodium-ion battery segment.
The company has experienced delays in filing GST, TDS & TCS returns and statutory forms with ROC, resulting in late filing fees, interest payments, and penalties. Continued non-compliance could lead to regulatory proceedings and additional financial burdens.
Objectives
The company proposes to utilize funds for working capital requirements due to its capital-intensive nature in trading and distribution of Polymers, Petrochemicals, Lithium-ion cells, Sodium-ion cells and EV Chargers. The funds will strengthen the company's ability to meet existing demand, procure larger inventories through advance payments to suppliers, and secure additional discounts.
The company proposes to utilize funds for repayment or pre-payment, in full or in part, of certain borrowings availed by the company. This will help reduce outstanding indebtedness, debt servicing costs, assist in maintaining a favourable debt-to-equity ratio and enable utilization of additional amount from internal accruals for further investment.
The company intends to deploy funds towards general corporate purposes to drive business growth including meeting operating expenses, strengthening business development and marketing capabilities, meeting exigencies which the company may not foresee in ordinary course of business or any other purposes as approved by the Board of Directors.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2023 | Mar 2024 | Mar 2025 |
| Total Assets | 38.71 | 64.18 | 83.11 |
| Current Assets | 32.74 | 54.64 | 73.55 |
| Fixed Assets | 5.96 | 9.54 | 9.56 |
| Total Equity & Liabilities | 38.71 | 64.18 | 83.11 |
| Total Liabilities | 33.57 | 53.60 | 70.16 |
| Current Liabilities | 26.11 | 45.84 | 59.11 |
| Non Current Liabilities | 7.46 | 7.75 | 11.06 |
| Total Equity | 5.14 | 10.59 | 12.95 |
Cash Flow
| Cash Flow | Mar 2023 | Mar 2024 | Mar 2025 |
| Net Cash Flow | -2.75 | 4.73 | -4.61 |
| Investing Activities | -3.69 | -3.60 | -0.23 |
| Operating Activities | -1.12 | -2.59 | -0.27 |
| Financing Activities | 2.06 | 10.92 | -4.11 |
About Aureate Tradde
The company is engaged in trading, distribution, and supply of industrial and technological materials across three key business verticals: Polymers and Petrochemicals, Lithium-ion and Sodium-ion Cells, and Electric Vehicle Chargers. The company operates on an inventory-based model, purchasing and maintaining stock in advance to efficiently serve a wide array of...more
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Managing DirectorKalash Kevin Shah
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