Bookbuilding IPO | ₹51 Cr | Listed at BSE SME | Fri, Jul 12, 2024 - Tue, Jul 16, 2024
Aelea Commodities IPO is a book build issue of ₹51.00 crores. The issue is entirely a fresh issue of 0.54 crore shares of ₹51.00 crore.
Aelea Commodities IPO bidding started from Jul 12, 2024 and ended on Jul 16, 2024. The allotment for Aelea Commodities IPO was finalized on Jul 18, 2024. The shares got listed on BSE SME on Jul 22, 2024.
Aelea Commodities IPO price band is set at ₹95 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,14,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,28,000.
Ekadrisht Capital Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Aelea Commodities IPO RHP for detailed Information.
IPO Open
Fri, Jul 12, 2024
IPO Close
Tue, Jul 16, 2024
Issue Price
₹95 per share
Market Cap (Pre-IPO)
₹193.03 Cr
| IPO Date | 12 to 16 Jul, 2024 |
| Listed on | Mon, Jul 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹91 to ₹95 |
| Issue Price | ₹95 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 53,68,800 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 2,68,800 shares SS Corporate Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 51,00,000 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 51,00,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 1,49,50,000 shares |
| Share Holding Post Issue | 2,03,18,800 shares |
| BSE Script Code | 544213 |
| ISIN | INE0T3401029 |
Aelea Commodities IPO comprises a total issue size of 53,68,800 shares. The net offer to the public is 51,00,000 shares, after excluding 2,68,800 shares allotted on a firm basis. Of the Net offer 25,48,800 (49.98%) are allocated to QIB, 7,65,600 (15.01%) allocated to NII 17,85,600 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,48,800 | 49.98% | 47.47% |
| − Anchor Investor Shares Offered | 15,28,800 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 10,20,000 | 19.00% | |
| NII (HNI) Shares Offered | 7,65,600 | 15.01% | 14.26% |
| Retail Shares Offered | 17,85,600 | 35.01% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,68,800 | 5.01% | |
| Total Shares Offered | 53,68,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,14,000 |
| Retail (Max) | 1 | 1,200 | ₹1,14,000 |
| HNI (Min) | 2 | 2,400 | ₹2,28,000 |
Aelea Commodities IPO raises ₹14.52 crore from anchor investors. Aelea Commodities IPO Anchor bid date is July 11, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jul 11, 2024 |
| Shares Offered | 15,28,800 |
| Anchor Portion (₹ Cr.) | 14.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Aug 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Oct 16, 2024 |
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.
| Period Ended | 31 May 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|---|
| Assets | 116.41 | 106.53 | 98.77 | 70.28 | 50.41 |
| Total Income | 27.58 | 144.51 | 110.14 | 105.51 | 475.95 |
| Profit After Tax | 2.80 | 12.22 | 1.91 | 10.63 | 11.09 |
| NET Worth | 48.75 | 45.93 | 33.83 | 30.61 | 19.41 |
| Reserves and Surplus | 33.75 | 30.93 | 33.51 | 30.30 | 19.33 |
| Total Borrowing | 41.20 | 40.77 | 33.27 | 21.31 | 10.96 |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new manufacturing unit and Installation of Plant & Machinery thereon | 25.53 |
| 2 | Purchase of Plant and Machinery at existing manufacturing unit | 5.92 |
| 3 | General Corporate Purposes | 12.74 |
| KPI | May 31, 2024 |
|---|---|
| ROE | 5.92% |
| ROCE | 5.72% |
| Debt/Equity | 0.85 |
| RoNW | 5.75% |
| PAT Margin | 10.17% |
| Price to Book Value | 2.92 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.18 | 8.28 |
| P/E (x) | 11.62 | 11.48 |
| Promoter Holding | 86.45% | 63.66% |
| Market Cap | ₹193.03 Cr. |
The Aelea Commodities IPO is subscribed 195.83 times on July 16, 2024 6:19:07 PM (Day 3). The public issue subscribed 164.95 times in the retail category, 104.22 times in the QIB category, and 389.87 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 104.22 | 10,20,000 | 10,63,03,200 |
| NII* | 389.87 | 7,65,600 | 29,84,88,000 |
| Retail | 164.95 | 17,85,600 | 29,45,42,400 |
| Total | 195.83 | 35,71,200 | 69,93,33,600 |
Total Application : 35,809
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager fees including underwriting Commission and Marketing Fees. | 5.60 |
| 2 | Brokerage, selling commission and upload fees. | 0.01 |
| 3 | Registrar to the Issue. | 0.20 |
| 4 | Legal Advisors. | 0.03 |
| 5 | Advertising and Printing expenses. | 0.24 |
| 6 | Regulators including stock exchanges. | 0.04 |
| 7 | Banker Fees & Other Commissions Charges | 0.15 |
| 8 | Others, if any (Market Making, Depositories, Secretarial, Consultancy, Advisors, Peer Review Auditors, etc.) | 0.54 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹95.00 |
| Open | ₹165.00 |
| Low | ₹156.75 |
| High | ₹173.25 |
| Last Trade | ₹173.25 |
Lead Manager Reports
Aelea Commodities IPO is a SME IPO of 53,68,800 equity shares of the face value of ₹10 aggregating up to ₹51 Crores. The issue is priced at ₹95 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Jul 12, 2024, and closes on Tue, Jul 16, 2024.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Aelea Commodities IPO using UPI as a payment gateway. Zerodha customers can apply in Aelea Commodities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aelea Commodities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aelea Commodities IPO opens on Fri, Jul 12, 2024 and closes on Tue, Jul 16, 2024.
Aelea Commodities IPO lot size is 1200, and the minimum amount required for application is ₹1,14,000.
You can apply in Aelea Commodities IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aelea Commodities IPO will be done on Thursday, July 18, 2024, and the allotted shares will be credited to your demat account by Fri, Jul 19, 2024. Check the Aelea Commodities IPO allotment status.
The Aelea Commodities IPO listing date is on Mon, Jul 22, 2024.
