Sri Priyanka Geo Commex IPO

About Sri Priyanka Geo Commex IPO

The public issue of the Sri Priyanka Geo Commex IPO, an SME IPO, opens on Wednesday, June 24, 2026 and closes on Monday, June 29, 2026. The allotment of shares will take place on Tuesday, June 30, 2026. The credit of shares to the demat account will take place on Wednesday, July 1, 2026. The initiation of refunds will take place on Wednesday, July 1, 2026 . The listing of shares will take place on Thursday, July 2, 2026.

The offer consists of a fresh issue component. The fresh issue includes 0.45 crore shares of ₹94.51 crores. The total number of shares and aggregate amount are 44,58,000 shares aggregating up to ₹95 crores .

Sri Priyanka Geo Commex IPO’s price band is set at ₹207 to ₹212 per share. The lot size for an application is 600 shares. The minimum amount of investment required by a retail investor is ₹2,54,400 (1,200 shares based on upper price. The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,81,600.

Sri Priyanka Geo Commex is a commodity focused group engaged in supplying of minerals, and manufacturing of rice bran oil. With active operations across India, Morocco, and Singapore, their operating locations enable them to efficiently respond to regional market dynamics and evolving demand patterns.

Objectives of Sri Priyanka Geo Commex IPO

• Prepayment or repayment of certain loans availed by the company.
  
• Funding of working capital requirements of the company.
  
• Investment in their wholly owned subsidiary Geo Min Commodities Pte. Ltd., Singapore for funding of its working capital requirements.
  
• General corporate purposes.
  

Industry Outlook

The increasing demand for oil and gas, expansion in the renewable energy sector, and increased usage in paints and coatings are driving the demand for barite in the market. Market concentration in the barite industry is high. The Indian barite industry is dominated by a few key producers who hold a significant share of the market. These major players have established themselves as key suppliers in the industry. Furthermore, the barite industry requires substantial investments in mining operations, processing facilities, and transportation infrastructure. The significant barrier to entry poses a challenge for new entrants seeking to penetrate the market and compete with established manufacturers.

The rice bran oil production potential is over 0.162 crore tonnes per annum in India as against untapped potential of nearly 6.5 tonnes (Solvent Extract Association, 2019).

About Sri Priyanka Geo Commex

Sri Priyanka Geo Commex is a commodity focused group engaged in supplying of minerals, and manufacturing of rice bran oil. With active operations across India, Morocco, and Singapore, their operating locations enable them to efficiently respond to regional market dynamics and evolving demand patterns. Their mineral portfolio includes Barite, Fluorspar, and Copper Cathode - inputs for industries ranging from energy and chemicals to infrastructure and electronics. Through their network, they leverage infrastructure and logistics capabilities to seamlessly connect producers with end-users, driving greater efficiency, reliability, and value across the supply chain. In parallel, they operate across the rice bran oil value chain, encompassing the manufacture of crude rice bran oil, its refining, and the processing of associated residues and by-products. These include De-Oiled Rice Bran (DORB), Fatty Acids, Gums, Spent Earth, and Wax—each contributing to a diversified product suite that supports downstream industries and promotes circular resource utilisation. They majorly sell their products in bulk form to players who sell edible oil in unbranded or loose form. They also sell their products to re-packers who ultimately sell the oil either in their own brands or further sell in bulk form.

Strengths of Sri Priyanka Geo Commex

• Diversified and de-risked business operations with a large and growing total addressable market.
• Operational hubs strategically located to optimise supply chain efficiency and market proximity.
• Long term, strategic and optimised procurement for barite and fluorspar from miners in Morocco.
• Long-term supply arrangements with key customers and a well-diversified client base.
• Seasoned management team with proven expertise in strategy and execution.

Risks of Sri Priyanka Geo Commex

• Any loss of sales due to reduction in demand for the products of their subsidiaries would have a material adverse effect on their business, etc.
• Their Singapore subsidiary, Geo Min Commodities Pte. Ltd., operation is highly dependent on Copper Cathode and a few key suppliers who help them procure the same.
• Their group is significantly dependent on revenue generated from certain products and any adverse change affecting such products could materially and adversely affect their business, etc.
• They are majorly dependent upon third party mining operations for procurement of barite for their international operations.
• They are exposed to risks relating to volatility in the mining industry and fluctuation in the prices of their traded products, which may lead to decline of their revenue from trading operations.

Anchor Investor Bidding Date: TBA

Registrar Details
Cameo Corporate Services Limited
Email: ipo@cameoindia.com
Tel.: +91 44 4002 0700

Book Running Lead Manager
Horizon Management Private Limited

Sri Priyanka Geo Commex Contact Details
7B, 7th Floor, Century Plaza, 560- 562, Anna Salai, Chennai, Tamil Nadu, 600018
Email: cs@spgeocl.com
Phone: 044 2432 360

Sri Priyanka Geo Commex Business Model

The company earns its revenue as a commodity focused group engaged in the supply of minerals, and manufacturing of rice bran oil.

Sri Priyanka Geo Commex Growth Trajectory

Sri Priyanka Geo Commex’s Total Income for FY25 was ₹266.648 crores, whereas in FY24 and FY23 it was ₹250.189 crores and ₹219.476 crores, respectively.

The Profit After Tax for FY25 was ₹9.822 crores, whereas in FY24 and FY23 it was ₹2.037 crores and ₹1.328 crores, respectively.

Their EBITDA for FY25 was ₹16.459 crores, whereas in FY24 and FY23 it was ₹6.046 crores and ₹4.078 crores, respectively.

Sri Priyanka Geo Commex Market Position

The company’s barite and copper business is operating at scale and serves a broad base of customers in multiple geographies. They sell barite products to the oil & gas, paint and pharma industry. They have customers in Germany, Oman, UAE, Singapore, China, and Suriname. They serve Grade A copper cathode, barite lumps, barite mixed fluorspar to their broad base of customers.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹266.648 crores, ₹9.822 crores, and ₹16.459 crores, respectively.

How to apply for Sri Priyanka Geo Commex IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.