| Annual Financials | Mar 2023 | Mar 2024 | Mar 2025 |
| Revenue | 219.29 | 250.04 | 266.25 |
| Expenses | 217.85 | 248.06 | 254.20 |
| Other Income | 0.19 | 0.15 | 0.40 |
| Total Revenue | 219.48 | 250.19 | 266.65 |
| Profit Before Tax | 1.63 | 2.12 | 12.45 |
| Net Profit | 1.33 | 2.04 | 9.82 |
Sri Priyanka Geo Commex
Sri Priyanka Geo Commex IPO
₹2,48,400
0.17 xOver-subscribedBidding Dates 24 Jun, 26 -29 Jun, 26
Min Investment ₹2,48,400
Lot Size600
Price Range ₹207 – ₹212
Issue Size ₹94.51 Cr.
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IPO Subscription Details
Retail Subscription Details
0.1 x
Non-Institutional Buyers (sHNI)
0.39 x
Non-Institutional Buyers (bHNI)
0.23 x
Qualified Institutional Buyers (QIB)
1.48 x
Total0.17 x
0.17 x IPO Timeline
IPO Offer Start
24 Jun,26
IPO Offer Ends
29 Jun,26
Allotment Finalisation
30 Jun,26
Refund Initiation
01 Jul,26
Listing of Shares
02 Jul,26
IPO Analysis
Strengths
The company operates across a diversified portfolio of commodities (Copper, Barite, Fluorspar, and Edible Oil) and geographies (India, Morocco, Singapore), serving customers across 5+ countries with revenue contributions of 54.72%, 21.95%, 13.88%, and 9.45% respectively for fiscal 2025.
The company's Barite operations are anchored in Morocco (3rd largest producer globally) and India, with manufacturing unit in Andhra Pradesh located just 128 km from Krishnapatnam Port, enabling cost-efficient access to key markets and export infrastructure.
The company operates an automated manufacturing unit built with Stainless Steel 304, with installed capacity of 60,000 MT per annum for Solvent Extraction and 15,000 MT per annum for Oil Refining, ensuring minimal manual intervention and consistent product quality.
Risks
The company derived 87.85%, 77.27%, 81.30% and 70.24% of its revenue from subsidiaries during the period ended December 31, 2025 and Fiscals 2025, 2024 and 2023 respectively. Any loss of sales due to reduction in demand for subsidiary products would have a material adverse effect on business operations and financial condition.
The Singapore subsidiary's operations are highly dependent on Copper Cathode and a few key suppliers without long-term agreements. The top supplier represents 44.03% of purchases as of December 31, 2025, creating significant supply chain vulnerability that could adversely affect operations if suppliers cannot be replaced timely.
The company is significantly dependent on revenue from certain products, with Copper Cathodes representing 44.39% of total revenue as of December 31, 2025. This concentration exposes the company to risks relating to market demand changes, pricing pressure, and regulatory changes specific to these products.
Objectives
The company proposes to utilize funds for full or partial repayment or pre-payment of certain borrowings to reduce outstanding indebtedness, debt servicing costs, and maintain favorable debt to equity ratio.
The company operates across rice bran oil value chain and barite trading business which requires substantial working capital for incremental requirements and business expansion.
The company proposes to invest in its subsidiary through issue of redeemable preference shares for meeting working capital requirements of mineral trading business operations.
The company intends to deploy balance net proceeds for strategic initiatives and general procurement, subject to not exceeding fifteen percent of gross proceeds or specified limit.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2023 | Mar 2024 | Mar 2025 |
| Total Assets | 66.88 | 67.27 | 81.22 |
| Current Assets | 62.32 | 63.32 | 77.68 |
| Fixed Assets | 4.56 | 3.96 | 3.53 |
| Total Equity & Liabilities | 66.88 | 67.27 | 81.22 |
| Total Liabilities | 47.84 | 46.03 | 49.41 |
| Current Liabilities | 46.49 | 45.12 | 46.60 |
| Non Current Liabilities | 1.35 | 0.91 | 2.81 |
| Total Equity | 19.04 | 21.24 | 31.80 |
Cash Flow
| Cash Flow | Mar 2023 | Mar 2024 | Mar 2025 |
| Net Cash Flow | 0.70 | 1.14 | 4.72 |
| Investing Activities | -0.26 | 0.18 | 0.10 |
| Operating Activities | -3.77 | -4.49 | 6.56 |
| Financing Activities | 4.73 | 5.45 | -1.94 |
About Sri Priyanka Geo Commex
The company is a commodity focused group engaged in supplying minerals and manufacturing rice bran oil. The company operates across India, Morocco, and Singapore, with its mineral portfolio including Barite, Fluorspar, and Copper Cathode serving industries ranging from energy and chemicals to infrastructure and electronics. The company operates across the...more
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Managing DirectorVenkata Sai Shiv Prasad Nuthalapati
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