Aelea Commodities is scheduled to hit the market on July 12, 2024 and close on July 16, 2024. Aelea Commodities plans to raise around ₹51.00 Cr through an IPO with a sale of up to 5,368,800 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Aelea Commodities Limited, established in 2018, specializes in the trading of agricultural products, with a primary focus on cashews. They also deal in a variety of other commodities like sugar, pulses, soybean, rice, and wheat flour. The company imports Raw Cashew Nuts from several African countries and trades in by-products from sugar mills, such as Bagasse.
Based in Surat, Gujarat, Aelea Commodities Limited operates its processing unit and is in the process of setting up an additional unit in Taluka district, Surat, Gujarat. With a clientele spread across Rajasthan, Karnataka, Gujrat, Mumbai, Dubai, and Sri Lanka, the company employs 48 permanent staff members as of December 31, 2023.
Aelea Commodities IPO Details
Aelea Commodities IPO opens on July 12, 2024, and closes on July 16, 2024. The Listing date for Aelea Commodities IPO is on July 22, 2024. The price band for IPO is ₹91 to ₹95 per share and lot size of 1200 Shares.
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | July 22, 2024 |
| Price | ₹91 to ₹95 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹51.00 Cr |
| Face Value | ₹10 per share |
Aelea Commodities IPO Tentative Timetable
Aelea Commodities opening date is July 12, 2024 and close date is July 16, 2024. The IPO allotment date is July 18, 2024. The refund initiation of IPO is on July 19, 2024. The credit of shares in demat account is on July 19, 2024. The listing date is on July 22, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 12, 2024 |
| IPO Closing | July 16, 2024 |
| IPO Allotment Date | July 18, 2024 |
| Refund Initiation | July 19, 2024 |
| Shares Credit to Demat | July 19, 2024 |
| Lisiting Date | July 22, 2024 |
Aelea Commodities IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹114,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹114,000 |
| Retail(Maximum) | 1 | 1200 | ₹114,000 |
| HNI (Minimum) | 2 | 2400 | ₹228,000 |
Aelea Commodities IPO Promoter Holding
| Pre Issue Share Holding | 86.45% |
| Post Issue Share Holding | 63.66% |
Aelea Commodities IPO Review
Aelea Commodities Ltd. (ACL), established in 2018, initially traded agricultural products but has since shifted focus to cashew nut processing and related by-products. With a processing unit in Surat, Gujarat, ACL engages in both B2B and B2C markets, dealing in high-quality cashew products and other commodities like sugar, pulses, soybean, rice, and wheat flour. The company imports raw cashew nuts from various African countries and plans to expand into processing cashew nut shells into cashew nut shell liquid (CNSL), which has diverse industrial applications. ACL's subsidiary, Supreme Commodities DMCC, is based in Dubai, serving both domestic and international customers.
ACL's financial performance has been inconsistent, with fluctuating revenues and profits over the past few years. For FY22, FY23, and FY24, the company reported revenues of ₹105.51 crore, ₹110.14 crore, and ₹144.51 crore, respectively, with corresponding net profits of ₹10.63 crore, ₹1.91 crore, and ₹12.22 crore. Despite these fluctuations, the company's focus on value-added by-products is expected to boost profitability. The upcoming IPO aims to raise ₹51.00 crore to fund a new manufacturing unit, purchase machinery for the existing unit, and cover general corporate expenses. Post-IPO, ACL's market cap is projected at ₹193.50 crore.
Given the company's strategic shift and potential for growth through high-value products like CNSL, the IPO appears reasonably priced based on FY25 annualized earnings. With the merchant banker Ekadrisht Capital having a strong track record of successful listings, investors with a medium to long-term horizon might find this IPO an attractive opportunity. The shift towards sustainable, high-margin products and an expanded processing capacity positions ACL for significant future growth, making it a potentially rewarding investment.
Aelea Commodities IPO Subscription Status (Bidding Details)
Table not foundAelea Commodities IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Aelea Commodities IPO FAQs
What is Aelea Commodities IPO?
Aelea Commodities is issuing 5,368,800 equity shares with a face value of ₹10 each, totaling up to ₹51.00 Cr. The shares are being offered at a price of ₹91 to ₹95 each, with a minimum order quantity of 1200 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Aelea Commodities IPO will open?
Aelea Commodities will open on July 12, 2024 for QIB, NII, and Retail Investors.
When Aelea Commodities IPO will end?
Aelea Commodities will end on July 16, 2024.
What is Aelea Commodities IPO Size?
Aelea Commodities IPO size is ₹51.00 Cr.
What is Aelea Commodities IPO Price Band?
Aelea Commodities price band is ₹91 to ₹95 per share.
What is the Aelea Commodities IPO Allotment Date?
Aelea Commodities allotment date is July 18, 2024.
What is the Aelea Commodities IPO Listing Date?
Aelea Commodities listing date is July 22, 2024. The IPO is to be listed on BSE and NSE.
How to Aelea Commodities IPO through Zerodha?
To apply for the IPO “Aelea Commodities” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Aelea Commodities IPO through Upstox?
To apply for the IPO “Aelea Commodities” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Aelea Commodities IPO Allotment Status?
For Aelea Commodities IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Aelea Commodities IPO GMP?
You can check out here: Aelea Commodities IPO GMP