Aelea Commodities IPO GMP review & Subscription Status

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What is the business of Aelea Commodities ?

Initially on inception, the Company was engaged in Trading of Sugar, Cashew, Pulses and other Commodities product. Thereafter, it decided to venture into the business of Cashew Processing and setup a processing unit located at Plot No B-47 Survey No. 243, Village Shah, Taluka Mangrol, Surat- 394 421, Gujarat, India. The processing unit is located in the premises of Gujarat Agro Infrastructure Mega Food Park Near Town of Mota Miya Mangrol, Taluka Mangrol, District Surat, Gujarat, India.
It specializes in the comprehensive processing and trading of cashews, catering to both the B2B and B2C markets. With a focus on delivering high-quality cashew products, the company engages in selling its premium offerings to customers across diverse locations within India and Internationally. The Company has one Subsidiary viz., Supreme Commodities DMCC located at Dubai.

The company engages in importing Raw Cashew Nuts (RCN) from diverse African nations, including Benin, Tanzania, Burkina Faso, Senegal, and Cote d’Ivoire, necessitating substantial quantities and tying up working capital funds. It specializes in trading RCN and Cashew Kernels for consumption. Additionally, it trades in by-products from sugar mills, such as Bagasse.

Get more information about the company @ https://www.aeleacommodities.com/

Who are the Promoters of Aelea Commodities IPO?

THozefa 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

What are the Objects of Aelea Commodities IPO?

The Offer comprises of only fresh issue of shares.

The objectives of the Offer are to:

1.Setting up a new manufacturing unit and installing Plant and machinery thereon;
2.Purchasing Plant and Machinery at an existing manufacturing unit;
3.General Corporate Purposes

Aelea Commodities IPO Review

The company has ventureed into the business of Cashew Processing and setup a processing unit located at Plot No B-47 Survey No. 243, Village Shah, Taluka Mangrol, Surat- 394 421, Gujarat, India. The processing unit is located in the premises of Gujarat Agro Infrastructure Mega Food Park Near Town of Mota Miya Mangrol, Taluka Mangrol, District Surat, Gujarat, India.
Size:  Looking to the current trends in SME IPOs, the size of the IPO is not so large. The retail portion is 16.96 crore and it can get one time subscribed by 1488 applications, whereas HNI portion is only Rs. 7.27 crore.
Financial Snapshot: The profitability of the commodity business is very fluctuating. During last 3 years, prior to the IPO, the Operating profit margin has moved up from (1.81%) to 11.37% and accordingly, the net profit has also moved up from Rs. 94 lac to Rs. 6.78 crore, which is very high rise. We are not sure, whether the company can retain such high profits in future. 
+from Financial Angle: So-so
+ from Grey market angle: 

Quicklinks

• Staffavailable.com
• BigGaddi.com
• ChanakyaMFGuidance.com
• Magajmari.com
• AnalysisLibrary.com

Aelea Commodities IPO GMP today allotment, review?

Aelea Commodities IPO

IPO FAQs

What is Aelea Commodities IPO?

This is a SME IPO of 4584000 equity shares of the face value of Rs. 10 aggregating up to Rs.41.26 Crores. The issue is priced at Rs.85-90 per share. The minimum order quantity is 1600 Shares.

When will Aelea Commodities IPO subscription open?

The IPO opens on June 28, 2024, and closes on July 2, 2024.

What is the lot size of Aelea Commodities IPO?

The IPO lot size is ? Shares, and the minimum amount required is Rs.?

How to apply for Aelea Commodities IPO?

You can apply in this IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Aelea Commodities IPO allotment?

The finalization of Basis of Allotment for this IPO will be done on 3 July, 2024, and the allotted shares will be credited to your demat account by July 4, 2024.

When is Aelea Commodities IPO listing date?
This IPO listing date is July 5, 2024.