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Aelea Commodities IPO GMP

Aelea Commodities IPO GMP review & Subscription Status

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Aelea Commodities IPO listing Review

The scrip is listed at Rs. 165, a premium of 73.68% over the issue price.



Aelea Commodities allotment

Allotment link will be activated soon

 

What is the latest Aelea Commodities IPO Grey market premium?

Premium Rs. 77
Subject to rates Rs. 70200

Subscription status of Aelea Commodities IPO

Aelea Commodities IPO (Closed)

Price Rs.95 Lot 1200 shares, Rs. 48.45 Crore

QIB NII X RII X Total X Applications
104.22 389.87 164.95 195.83 35,809 / (24.07x)
Bids of Rs. 9487.96 Crore received on Day 3
Note: Solid trend during last day

 

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/

Aelea Commodities IPO Details

IPO opens on  12 July 2024
IPO closes on  16 July 2024
Issue Type Book Built Issue IPO
Issue Size 5368800 Shares /
Rs 51.00 Crore
* Fresh Issue 5368800 Shares /
Rs 51.00 Crore
* Offer for Sale –  
Market Maker Portion 268800 Shares
Net offer to Public 5100,000 Shares/
Rs.48.45 Crore
Face Value per share Rs. 10
Price Band Rs 91-95
Employee discount  Rs. 0 per share
Retail Lot Size  1200 Shares
Listing will at  BSE SME

Shares offered in IPO

  Shares Rs. (Crore)
QIB (50%) 2550,000 24.22
NII  (15%)   765,000   7.27
RII  (35%) 1785,000 16.96
Total Shares  5100,000 48.45
Retail portion will be oversubscribed by  1488
Forms
How much Shares to Apply in this IPO?
Min Retail Application 1200 Shares Rs.114000
Min HNI Application  2400 Shares Rs.228000

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

Tentative timetable

IPO opens on 12 July 2024
IPO Closes on 16 July 2024
IPO Allotment on  18 July 2024
Refund Initiation  19 July 2024
Credit of Shares 19 July 2024
Listing on 22 July 2024
Registered Office of the Company
Aelea Commodities Limited
401 & 402, Saifee Park-2
Dr. Mascarenhas Road,
Mazgaon, Mumbai 400 010

Who is the Lead Manager of this IPO?
Ekadrisht Capital Private Limited
Who is the Registrar to IPO?
Maashitla Securities Private Limited

Aelea Commodities IPO Financial & Analytical Ratios

Year Total Income Net Profit EPS RoNW
  Rs.in Cr Rs.in Crore Rs. %
2021-22 105.51 10.63 0.63   5.79
2022-23 110.14   1.91 0.20   1.78
2023-24 144.50 12.22 4.52 29.09
Book Value of the Share on  31.03.2024 Rs 30.62    
BV of the Share at cap price after the IPO Rs.     
Offer Price/upper band   Rs. 95    

IPO
Key Performance indicators

Price/last EPS of 23-24  21.02
Price/BV Ratio 3.10
Upper price/BV after IPO 


How
Aelea Commodities IPO compares with the Peers?

As on date of RHP FV Total  PE
  Rs. Income Ratio of
    Rs. In Cr  
Aelea Commodities 10   21.02
Krishival Foods 10   49.89
Prospect Commodities 10   41.46
       
       
       

# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

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


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.

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