Aelea Commodities Limited IPO
- IPO Date12 Jul, 2024 to 16 Jul, 2024
- Listing Date22 Jul, 2024
- Face Value₹10 per share
- Issue Price₹91 to ₹95 per share
- Lot Size1200 Shares
- Minimum Investment₹1,14,000
- Listing AtBSE SME
- Total Issue Size53,68,800 Shares
(aggregating up to ₹51.00 Cr) - Fresh Issue53,68,800 Shares
(aggregating up to ₹51.00 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,49,50,000
- Shareholding post issue2,03,18,800
IPO Dates
Closing Date
16 Jul, 2024
Initiation of Refunds
19 Jul, 2024
Listing Date
22 Jul, 2024
12 Jul, 2024
Opening Date
18 Jul, 2024
Basis of Allotment
19 Jul, 2024
Credit of Shares
Aelea Commodities Limited 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 | ₹1,14,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 2400 | ₹2,28,000 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,14,000 |
Aelea Commodities Limited 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
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 86.45% | 63.66% |
Aelea Commodities Limited COMPANY INFORMATION
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.
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.
Analysis of Aelea Commodities Limited IPO
The document is a Red Herring Prospectus for Aelea Commodities Limited, providing comprehensive details about the company's proposed initial public issue of equity shares. It includes information about the company's history, capital structure, equity share capital, and the proposed purchase of plant and machinery. The prospectus outlines the book building process, allocation of shares, and the responsibilities of the company. It also details the risks associated with the investment and the proposed listing of equity shares on the SME Platform of BSE Limited.
Important Points
- Initial Public IssueAelea Commodities Limited is planning an initial public issue of equity shares.
- Capital StructureThe document provides insights into the company's capital structure and equity share capital.
- Book Building ProcessDetails about the book building process and the allocation of shares are outlined.
- ResponsibilitiesThe prospectus highlights the responsibilities of the company and the risks associated with the investment.
- ListingIt mentions the proposed listing of equity shares on the SME Platform of BSE Limited.
Pros and Cons
Pros:
- Detailed Information The document provides comprehensive details about the company's history, capital structure, and the proposed IPO.
- Transparency It offers transparency about the risks associated with the investment and the responsibilities of the company.
- Proposed Listing The proposed listing of equity shares on the SME Platform of BSE Limited indicates potential market exposure.
Cons:
- Lack of Financial Performance The document does not provide detailed financial performance data of the company.
- Limited Information on Promoters More information about the promoters and their background could enhance the prospectus.
The Red Herring Prospectus for Aelea Commodities Limited offers a detailed insight into the company's proposed initial public issue of equity shares. It provides comprehensive information about the company's history, capital structure, and equity share capital. The document outlines the book building process, allocation of shares, and the responsibilities of the company. It also highlights the risks associated with the investment and the proposed listing of equity shares on the SME Platform of BSE Limited. However, it lacks detailed financial performance data and could benefit from additional information about the promoters and their background.
FAQs About Aelea Commodities Limited Ipo
Aelea Commodities Limited IPO will open on 12 Jul, 2024 and close on 16 Jul, 2024. Investors must apply within this period to participate.
The Aelea Commodities Limited IPO price band is set between ₹91.00 and ₹95.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹114000.00.
The Aelea Commodities Limited IPO shares are expected to be listed on 22 Jul, 2024, subject to regulatory approvals and final allotment.
You can track your Aelea Commodities Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Aelea Commodities Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.