New Delhi, June 1 -- Aureate Tradde's initial public offer (IPO), which opened for subscription on 29 May, has been subscribed over 50% so far on the second day of bidding on 1 June. The SME IPO will close for bidding on Tuesday, 2 June.

Founded in 2018, Aureate Tradde is engaged in the trading, distribution, and supply of industrial and technology-focused materials. Its business is divided into three key segments: polymers and petrochemicals, lithium-ion and sodium-ion battery cells, and electric vehicle (EV) charging solutions.

The company offers a diverse range of products, including PVC and PET resins, polyethylene products, lithium-ion and sodium-ion cells, as well as EV chargers. It operates on an inventory-led model, maintaining ...