Sri Priyanka Geo Commex Limited, a globally diversified commodity-focused group with operations spanning India, Morocco, and Singapore, has announced the opening of its Initial Public Offering (IPO) on June 24, 2026. The company aims to raise ₹94.51 crore through the issuance of up to 44,58,000 equity shares of ₹10 each, with a price band set between ₹207 and ₹212 per equity share. The issue will close on June 29, 2026.
IPO Details and Utilization of Funds
The IPO consists of a fresh issue of equity shares, with a lot size of 600 equity shares, and a minimum application of 2 lots. The net proceeds from the offering will be utilized for prepayment or repayment of certain loans availed by the company, funding working capital requirements, and investment in its wholly owned subsidiary, Geo Min Commodities Pte. Ltd., Singapore, for funding its working capital needs. The Book Running Lead Manager to the issue is Horizon Management Private Limited, and the Registrar is Cameo Corporate Services Limited.
Company Overview and Business Operations
Incorporated in 1990, Sri Priyanka Geo Commex Limited is engaged in the supply of critical minerals and the manufacturing of rice bran oil. The company manufactures rice bran oil through extraction of crude oil from rice bran, followed by refining processes to meet desired purity and quality standards. Its mineral portfolio comprises Barite, Fluorspar, and Copper Cathode—critical inputs for industries spanning energy, chemicals, infrastructure, and electronics. Notably, the company holds mining licenses for commercial exploitation of its barite mine and copper mine, both located in Morocco, the world's third-largest barite producer.
Financial Performance
In FY25, the company achieved a Total Income of ₹26,664.76 lakhs, EBITDA of ₹1,645.88 lakhs, and PAT of ₹982.18 lakhs. In December 2025, the company reported a Total Income of ₹24,967.32 lakhs, EBITDA of ₹2,614.74 lakhs, and PAT of ₹1,775.75 lakhs, indicating strong growth momentum.
Management Commentary
Mr. Venkata Sai Shiv Prasad Nuthalapati, Chairman & Managing Director of Sri Priyanka Geo Commex Limited, stated: 'At Sri Priyanka Geo Commex Limited, our journey has been defined by a commitment to strategic growth, operational excellence, and prudent diversification. Over the years, we have successfully evolved from a regional edible oil manufacturer into a globally diversified commodities company with a growing presence across critical minerals and international markets. The proposed IPO represents an important milestone in our growth trajectory and is expected to further strengthen our financial position, support working capital requirements, and enhance our ability to capitalize on emerging opportunities across our business verticals.'
Industry Outlook
Mr. Narendra Bajaj of Horizon Management Private Limited commented: 'The global commodities sector is witnessing a period of sustained growth, supported by rising investments in infrastructure, industrial manufacturing, energy transition, and technology-driven industries. Critical minerals such as Barite, Fluorspar, and Copper have become increasingly important due to their wide-ranging applications across oil & gas, chemicals, renewable energy, power transmission, electronics, and advanced manufacturing sectors. Demand for these commodities is expected to remain strong as governments and industries continue to invest in energy security, supply chain resilience, and industrial development.'
Disclaimer and Forward-Looking Statements
Certain statements in this document that are not historical facts are forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
