Is the Aelea Commodities IPO Worth Your Investment? Here’s What You Need to Know

NiftyTrader • July 11, 2024

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Aelea Commodities (IPO) opens on July 12, 2024, and closes on July 16, 2024. The allotment for the Aelea Commodities IPO is anticipated to be completed on Thursday, July 18, 2024. The IPO will be listed on the BSE and SME, with a tentative date of Monday, July 22, 2024.

The price band for the Aelea Commodities IPO is set at Rs 91 to 95 per share. The IPO is a book-built issue of Rs 51.00 crores, entirely a fresh issue of 53.69 lakh shares.

Aelea Commodities IPO Details

IPO Date	July 12, 2024 to July 16, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹91 to ₹95 per share
Lot Size	1200 Shares
Total Issue Size	5,368,800 shares (aggregating up to ₹51.00 Cr)
Fresh Issue	5,368,800 shares (aggregating up to ₹51.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Shareholding pre-issue	14,950,000
Shareholding post issue	20,318,800
Market Maker portion	268,800 shares

Aelea Commodities IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹114,000
Retail (Max)	1	1200	₹114,000
HNI (Min)	2	2400	₹228,000

Aelea Commodities IPO Objectives

The objectives of the Issue are:

Setting up a new manufacturing unit and installing plants and machinery.
General Corporate Purpose.
Purchasing Plant and Machinery at an existing manufacturing unit.

About Aelea Commodities Limited

Incorporated in 2018, Aelea Commodities Limited is a prominent player in the agricultural products trading sector. Initially, the company engaged in trading commodities such as sugar, cashews, pulses, and other goods. Over time, Aelea Commodities shifted its focus towards cashew processing, which has become its primary area of operation.

The company’s operational framework is structured around two business models: business-to-business (B2B) and business-to-customer (B2C). This dual approach allows Aelea Commodities to cater to a wide range of clients, from large-scale businesses to individual consumers.

Currently, Aelea Commodities is mainly involved in the processing and trading of cashews. Additionally, the company continues to trade other agricultural products, including sugar, pulses, soybeans, rice, and wheat flour. As of December 31, 2023, Aelea Commodities Limited employs 48 permanent staff across various departments, ensuring efficient operations and high-quality service delivery.

Aelea Commodities Limited Financial Information

Aelea Commodities Limited’s revenue increased by 31.2% and profit after tax (PAT) rose by 539.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 May 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	11,641.28	10,653.47	9,876.85	7,028.03	5,041.15
Revenue	2,758.47	14,450.77	11,014.44	10,550.85	47,595.26
Profit After Tax	280.36	1,222.32	191.22	1,063.11	1,108.51
Net Worth	4,875.32	4,592.89	3,383.00	3,060.89	1,940.51
Reserves and Surplus	3,375.32	3,092.89	3,351.00	3,029.53	1,932.69
Total Borrowing	4,120.36	4,077.32	3,327.40	2,130.76	1,096.14

Aelea Commodities IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Issue

Aelea Commodities IPO Timeline

Aelea Commodities IPO opens on July 12, 2024, and closes on July 16, 2024.

IPO Open Date	Friday, July 12, 2024
IPO Close Date	Tuesday, July 16, 2024
Basis of Allotment	Thursday, July 18, 2024
Initiation of Refunds	Friday, July 19, 2024
A credit of Shares to Demat	Friday, July 19, 2024
Listing Date	Monday, July 22, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 16, 2024

Conclusion

Aelea Commodities Limited, a key player in the agricultural products trading sector, is set to launch its IPO from July 12 to July 16, 2024, with a price band of Rs 91 to 95 per share. The IPO, a book-built issue totaling Rs 51 crores, will be entirely a fresh issue of 5.37 million shares. Post-issue, Aelea aims to utilize the funds for establishing a new manufacturing unit, purchasing plant and machinery, and general corporate purposes. The company, incorporated in 2018, has shown substantial growth, particularly in the cashew processing sector, and reported a significant increase in revenue and profit in the fiscal year ending March 31, 2024. The shares are expected to list on the BSE SME on July 22, 2024.