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 |
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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 |
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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 |
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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
|
|
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.