Aelea Commodities IPO is a book built issue of Rs 51.00 crores. The issue is entirely a fresh issue of 53.69 lakh shares.
Aelea Commodities IPO opens for subscription on July 12, 2024 and closes on July 16, 2024. The allotment for the Aelea Commodities IPO is expected to be finalized on Thursday, July 18, 2024. Aelea Commodities IPO will list on BSE SME with tentative listing date fixed as Monday, July 22, 2024.
Aelea Commodities IPO price band is set at ₹91 to ₹95 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹228,000.
Ekadrisht Capital Private Limited is the book running lead manager of the Aelea Commodities IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Aelea Commodities IPO is Ss Corporate Securities.
Refer to Aelea Commodities IPO RHP for detailed information.
Aelea Commodities IPO Details
| IPO Date | July 12, 2024 to July 16, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 14,950,000 |
| Share holding post issue | 20,318,800 |
| Market Maker portion | 268,800 shares Ss Corporate Securities |
Aelea Commodities IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Aelea Commodities IPO Anchor Investors Details
Aelea Commodities IPO raises Rs 14.52 crore from anchor investors. Aelea Commodities IPO Anchor bid date is July 11, 2024.
| Bid Date | July 11, 2024 |
| Shares Offered | 1,528,800 |
| Anchor Portion Size (In Cr.) | 14.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 16, 2024 |
Aelea Commodities IPO Timeline (Tentative Schedule)
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 |
| 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 |
Aelea Commodities IPO Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2,400 | ₹228,000 |
| Lot Size Calculator | |||
Aelea Commodities IPO Promoter Holding
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 Company
| Share Holding Pre Issue | 86.45% |
| Share Holding Post Issue | 63.66% |
About Aelea Commodities Limited
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.
Aelea Commodities Limited Financial Information (Restated Consolidated)
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 |
| Amount in ₹ Lakhs | |||||
Key Performance Indicator
The market capitalization of Aelea Commodities IPO is Rs 193.03 Cr.
KPI as of May 31, 2024.
| KPI | Values |
|---|---|
| ROE | 5.92% |
| ROCE | 5.72% |
| Debt/Equity | 0.85 |
| RoNW | 5.75% |
| P/BV | 2.92 |
| PAT Margin (%) | 10.17 |
Check Aelea Commodities IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.18 | 8.28 |
| P/E (x) | 11.62 | 11.48 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of May 31, 2024 that is available in RHP.
Objects of the Issue (Aelea Commodities IPO Objectives)
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 IPO Prospectus
Aelea Commodities Limited Contact Details
Aelea Commodities Limited
401 & 402, Saifee Park-2
Dr. Mascarenhas Road,
Mazgaon, Mumbai 400 010
Phone: +91- 22 6634 09891
Email: info@aeleacommodities.com
Website: https://www.aeleacommodities.com/
Aelea Commodities IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues