Aureate Tradde IPO fully subscribed on Day 3; check allotment date and steps

Aureate Tradde IPO: The initial public offering of Aureate Tradde, an importer and distributor of chemicals and lithium-ion battery components, was fully subscribed on the final day of bidding on Tuesday, June 2.

The public offer consists only a fresh issue of up to 38.98 lakh equity shares, aggregating to ₹27.29 crore. The company has fixed the issue price at ₹70 per share.

The money raised to the tune of ₹10 crore will be used for working capital requirements and ₹9.93 crore for debt repayment. The remaining funds will be utilised for corporate general purposes.

A lot includes 2,000 shares. The minimum investment for an individual investor is 4,000 shares.

"The IPO marks an important step in our growth journey and will support us in strengthening our working capital position, improving operational capabilities and expanding our presence across key business verticals," Kalash Shah, Chairman and MD of Aureate Tradde, said.

Aureate Tradde Ltd trades and distributes industrial and technology-driven products across polymers and petrochemicals, battery cells and EV chargers.

Aureate Tradde IPO: Allotment and listing date

Aureate Tradde IPO allotment is likely to be finalised on June 3, while listing on BSE SME will occur on June 5.

How to check Aureate Tradde IPO allotment status on BSE website

• Visit the BSE IPO allotment status page: https://bseindia.com/investors/appli_check.aspx.
• Click on ‘Equity’ as the issue type
• From the ‘Issue Name’ dropdown menu, select ‘Aureate Tradde Ltd’
• Add either your PAN or IPO application number
• Press the ‘Search’ button

Steps to check Aureate Tradde IPO allotment status on MUFG Intime India

• Go to the allotment status page of MUFG Intime India: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select ‘Aureate Tradde Limited’ from the drop down list for issue names
• Type in any of the following details: DP/Client ID, Application No, PAN, or Account No/IFSC
• Hit the ‘Submit’ button

Aureate Tradde IPO GMP