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16 Nov 2024
Aelea Commodities Limited IPO
As a versatile enterprise, Aelea Commodities is deeply entrenched in the processing and trading of cashews, while also actively engaged in the trading of a diverse range of commodities such as Sugar, Pulses, Soybean, Rice, Wheat Flour and more. Their operational strategy revolves around two distinct models, namely Business to Business (B2B) and Business to Customer (B2C). In the realm of cashews, they have successfully established a presence in both B2B and B2C segments, allowing them to cater to the nuanced requirements of both wholesale clients and individual consumers.
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. Aelea Commodities IPO price band is set at ₹91 to ₹95 per share. The minimum lot size for an application is 1200 Shares. 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.
Aelea Commodities IPO Overview
| Detail | Description |
|---|---|
| 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 |
| Shareholding pre issue | 14,950,000 |
| Shareholding post issue | 20,318,800 |
| Market Maker portion | 268,800 shares Ss Corporate Securities |
Aelea Commodities IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹114,000 |
| Retail (Max) | 1 | 1200 | ₹114,000 |
| HNI (Min) | 2 | 2,400 | ₹228,000 |
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 Promoter Holding
| Share Holding Pre Issue | 86.45% |
| Share Holding Post Issue | 63.66% |
Aelea Commodities IPO Anchor Investors Details
| 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 |
Company & Financials
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 trades other goods such as sugar, pulses, soybeans, rice and wheat flour. The company imports Raw Cashew Nuts (RCN) from various African nations, including Benin, Tanzania, Burkina Faso, Senegal and Côte 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. The company engages in importing Raw Cashew Nuts (RCN) from diverse African nations, including Benin, Tanzania, Burkina Faso, Senegal and Côte d’Ivoire, necessitating substantial quantities and tying up working capital funds. They specialize in trading RCN and Cashew Kernels for consumption. Additionally, it trades in by-products from sugar mills, such as Bagasse.
Aelea Commodities Limited Financial Information
| 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
| KPI | Values |
|---|---|
| ROE | 5.92% |
| ROCE | 5.72% |
| Debt/Equity | 0.85 |
| RoNW | 5.75% |
| P/BV | 2.92 |
| PAT Margin (%) | 10.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.18 | 8.28 |
| P/E (x) | 11.62 | 11.48 |
Objectives of Aelea Commodities IPO
The company proposes to use the Net Proceeds from the Issue to fund the following objectives:
- 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 after trading in agri commodities now focused on cashew nut processing and yielding its value-added by-products that will lift its bottom lines going forward. Based on annualized super earnings for FY25, the issue appears reasonably priced. Investors may park funds for medium to long-term rewards.
FAQs for Aelea Commodities IPO
-
What is Aelea Commodities IPO?
Aelea Commodities IPO is an NSE SME IPO. They are going to raise ₹51.00 Crores via IPO. The issue is priced at ₹91 to ₹95 per equity share. The IPO is to be listed on BSE.
-
When will Aelea Commodities IPO open?
The IPO is to open on July 12, 2024 for QIB, NII, and Retail Investors.
-
What is Aelea Commodities IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Aelea Commodities IPO Size?
Aelea Commodities IPO size is ₹51.00 crores.
-
What is Aelea Commodities IPO Price Band?
Aelea Commodities IPO Price Band is ₹91 to ₹95 per equity share.
-
What is Aelea Commodities IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹114,000.
-
What is Aelea Commodities IPO Allotment Date?
Aelea Commodities IPO allotment date is July 18, 2024.
-
What is Aelea Commodities IPO Listing Date?
Aelea Commodities IPO listing date is July 22, 2024. The IPO to list on BSE SME.
RHP:
RHP of Aelea Commodities Limited IPO
DRHP:
DRHP of Aelea Commodities Limited IPO
-
What is Aelea Commodities IPO?
Aelea Commodities IPO is an NSE SME IPO. They are going to raise ₹51.00 Crores via IPO. The issue is priced at ₹91 to ₹95 per equity share. The IPO is to be listed on BSE.
-
When will Aelea Commodities IPO open?
The IPO is to open on July 12, 2024 for QIB, NII, and Retail Investors.
-
What is Aelea Commodities IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Aelea Commodities IPO Size?
Aelea Commodities IPO size is ₹51.00 crores.
-
What is Aelea Commodities IPO Price Band?
Aelea Commodities IPO Price Band is ₹91 to ₹95 per equity share.
-
What is Aelea Commodities IPO Minimum and Maximum Lot Size?
The IPO bid is 1200 shares with ₹114,000.
-
What is Aelea Commodities IPO Allotment Date?
Aelea Commodities IPO allotment date is July 18, 2024.
-
What is Aelea Commodities IPO Listing Date?
Aelea Commodities IPO listing date is July 22, 2024. The IPO to list on BSE SME.
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