Aelea Commodities Limited IPO Detail
Incorporated in 2018, Aelea Commodities Limited is engaged in the trading of agricultural products. The company is mainly involved in processing and trading cashews. The company also trade other goods such as sugar, pulses, soybean, rice, and wheat flour.
The company imports Raw Cashew Nuts (RCN) from various African nations, including Benin, Tanzania, Burkina Faso, Senegal, and Cote d'Ivoire. Additionally, it trades in by-products from sugar mills, such as Bagasse.
The company's clients are based in Rajasthan, Karnataka, Gujrat, Mumbai, etc. globally, most customers are situated in Dubai and Sri Lanka.
The company's processing unit is situated in Surat, Gujarat, and it is setting up another processing unit in Taluka district, Surat, Gujarat.
As of December 31, 2023, the company has 48 permanent employees across various departments.
Company Promoters
Hozefa S Jawadwala, Satyanarayan Patro, Ashok Patel, Firoz Gulamhusein Hathiyari, Rashida Hozefa Jawadwala, Sonali Malla, Sumita A Patel, and Farida Firoz Hathiyari are the Promoters of the CompanyIPO Details
| IPO Opening Date | Jul 12, 2024 |
| IPO Closing Date | Jul 16, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹91 - 95 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | BSE SME |
| Issue Size | ₹51.00 Cr |
| Fresh Issue | ₹51.00 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 4.51x | 8.08x | 5.01x |
| Day 2 | 0.01x | 0.00x | 0.00x | 42.64x | 43.94x | 31.11x |
| Day 3 | 104.22x | 0.00x | 0.00x | 389.87x | 164.95x | 195.83x |
IPO Tentative Timetable
The Aelea Commodities Limited IPO open date is Jul 12, 2024, and the close date is Jul 16, 2024. The issue may list on Jul 22, 2024.
| IPO Open Date | Jul 12, 2024 |
| IPO Close Date | Jul 16, 2024 |
| Basis of Allotment Date | Jul 18, 2024 |
| Initiation of Refunds | Jul 19, 2024 |
| Credit of Shares to Demat Account | Jul 19, 2024 |
| IPO Listing Date | Jul 22, 2024 |
IPO Lot Size
The Aelea Commodities Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹114000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹114000 |
| Maximum | 1 | 1200 | ₹114000 |
IPO Promoter Holding
| Pre Issue Share Holding | 86.45% |
| Post Issue Share Holding | 63.66% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-May-24 | 11641.28 | 2758.47 | 280.36 |
| 31-Mar-24 | 10653.47 | 14450.77 | 1222.32 |
| 31-Mar-23 | 9876.85 | 11014.44 | 191.22 |
Objects of the Issue:
The company proposes to use the Net Proceeds from the Issue to fund the following objects:
- Setting up a new manufacturing unit and installing Plant and machinery thereon;
- Purchasing Plant and Machinery at an existing manufacturing unit;
- General Corporate Purposes.
Aelea Commodities Limited IPO Registrar:
Maashitla Securities Pvt. Limited
Aelea Commodities Limited IPO Lead Manager(s):
Ekadrisht Capital Private Limited
Company Contact Information:
Aelea Commodities Limited
401 & 402, Saifee Park-2 Dr. Mascarenhas Road, Mazgaon
Mumbai
Mumbai
