Sri Priyanka Geo Commex IPO
ClosedSME
0.29×
Subscribed
Price band
₹207 – ₹212
Issue size
₹94.51 Cr
Open – close
24 Jun 2026
to 29 Jun 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed4 of 7 dimensions read
A mixed but reasonable offering — 1 positive against 0 negative signals
Strength58/100
- Steady revenue growthRevenue compounding at 11.6%
- Meaningful leverageDebt/equity of 1.04×
- Some related-party dealingsRelated-party transactions are 12.7% of revenue
- Institutions bid heavilyQIB portion subscribed 13.14×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens24 Jun 2026
- Closes29 Jun 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB13.14x
Non-institutionalNII / HNI0.17x
Big NIIabove ₹10L0.24x
Small NII₹2L – ₹10L0.56x
Retail individualRII0.15x
551 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 29 Jun 2026.
Chance of allotment
Retail0.15× subscribed
Full allotment
The retail portion is under-subscribed at 0.15×, so every valid application should receive a full allotment.
HNI / NII0.17× subscribed
Full allotment
The HNI portion is under-subscribed at 0.17×, so applications should be allotted in full.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
Grey market premium
Unofficial dealer quotes — not published by NSE, BSE, SEBI or the company
₹0+0.0%
over the upper band · last seen 22 Oct 2026 · flat since 07 Sept 2026
What this number is not. Grey-market premium is an unregulated, thinly-traded quote from private dealers. It is not a forecast of the listing price, it is not verifiable, and it can be moved by the same people who benefit from it looking high. We publish it because you will look it up anyway — and we deliberately do not convert it into an expected listing gain, because that arithmetic implies a reliability the number has never earned. For what actually happened to comparable issues, see recent outcomes below.
The offering
Terms, structure and who is selling
Terms
Price band₹207 – ₹212
Total issue size₹94.51 Cr
Listing atSME platform
Company & valuation
Debt / equity1.04×
Related-party12.72%of revenue
ROE42.86%
ROCE46.17%
RoNW34.78%
PAT Margin7.15%
EBITDA Margin10.53%
NAV43.34
RegistrarCameo Corporate Services Limited
Lead managersHorizon Management Private Limited
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB Shares Offered | 41,400 | 0.93% |
| NII (HNI) Shares Offered | 12,58,200 | 28.22% |
| bNII > ₹10L | 8,38,800 | 18.82% |
| sNII < ₹10L | 4,19,400 | 9.41% |
| Retail Shares Offered | 29,35,200 | 65.84% |
| Market Maker Shares Offered | 2,23,200 | 5.01% |
Total issue 44,58,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,54,4002 lots · 1,200 sh
Individual investors (IND) (Max)₹2,54,4002 lots · 1,200 sh
S-HNI (Min)₹3,81,6003 lots · 1,800 sh
S-HNI (Max)₹8,90,4007 lots · 4,200 sh
B-HNI (Min)₹10,17,6008 lots · 4,800 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
What the money is for
Stated use of the net proceeds
- 01Prepayment or repayment of certain loans availed by our Company₹10 Cr
- 02Funding of working capital requirements of our Company₹16.5 Cr
- 03Investment in our wholly owned subsidiary Geo Min Commodities Pte. Ltd., Singapore for funding of its working capital requirements₹47 Cr
- 04General corporate purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Financials
Restated figures as reported in the offer document, ₹ crore
| Period | Revenue | EBITDA | PAT | Net worth | Debt |
|---|---|---|---|---|---|
| 2023 | 215.137 | — | — | — | — |
| 2024 | 263.585 | — | — | — | — |
| 2025 | 267.86 | — | — | — | — |
Revenue CAGR 11.6%
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Sri Priyanka Geo Commex Limitedthis issue | 8.34 | — | 27.00 | 30.88% |
| Gujarat Mineral Development Corporation Ltd* | 21.57 | 12.63 | 201.63 | 24.06% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumThe Company derives 87.85%, 77.27%, 81.30% and 70.24% of its revenue from subsidiaries on a consolidated basis for the periods ended December 31, 2025 and Fiscals 2025, 2024 and 2023 respectively. Any loss of sales due to a reduction in demand for the products of its subsidiaries would have a materi
mediumThe Singapore subsidiary, Geo Min Commodities Pte. Ltd., is highly dependent on Copper Cathode and a few key suppliers who help procure it. The subsidiary has not entered into long-term agreements with its suppliers. Inability to procure adequate amounts of Copper Cathode at competitive prices may a
mediumGeo Min Commodities Pte. Ltd. has not entered into long-term agreements with its suppliers for the supply of raw materials. If the Company experiences a significant increase in demand or needs to replace an existing supplier, it cannot assure that it will be able to meet such demand or find suitable
mediumA substantial portion of the Group's revenue from operations is derived from a limited number of products, specifically Copper Cathodes (44.39% in FY 2025), Barite (27.35% in FY 2025), and Rice Bran Oil (6.87% in FY 2025). Dependence on revenues from these products exposes the Group to risks relatin
Litigation
As on the date of this Red Herring Prospectus, there are no criminal proceedings, actions by statutory or regulatory authorities, or other material litigations against our Company.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
What is the Sri Priyanka Geo Commex IPO GMP today?
The most recent grey-market premium recorded for Sri Priyanka Geo Commex is ₹0 per share — about 0.0% over the ₹212 upper band. Grey-market premium is an unofficial, unregulated quote from private dealers. It is not published by NSE, BSE, SEBI or the company, and it is not a forecast of the listing price.
How many times is the Sri Priyanka Geo Commex IPO subscribed?
Sri Priyanka Geo Commex is subscribed 0.29× overall (QIB 13.14×, NII 0.17×, retail 0.15×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, Cameo Corporate Services Limited.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.