Aelea Commodities IPO Set to Launch on July 12 with Price Band of ₹91-95 per Share; Listing on BSE SME

Aelea Commodities Ltd, a trader of agricultural products, is launching its initial public offering (IPO) on July 12 to raise ₹51 crore from the primary market. This SME IPO will list on the BSE SME.

IPO Dates and Details

• Opening Date: Friday, July 12
• Closing Date: Tuesday, July 16
• IPO Allotment Finalization: July 18
• IPO Listing Date: July 22

The price band for Aelea Commodities IPO has been set at ₹91 to ₹95 per share. The company plans to raise ₹51 crore from this book-built issue, which includes a fresh issue of 53.69 lakh equity shares.

Investment Details

• IPO Lot Size: 1,200 shares
• Minimum Investment Amount: ₹114,000 for retail investors

Use of Proceeds

The company plans to use the funds from the IPO for:

• Setting up a new manufacturing unit and purchasing plant and machinery.
• Purchasing plant and machinery for an existing manufacturing unit.
• General corporate purposes.

Key Players

• Book Running Lead Manager: Ekadrisht Capital Private Limited
• IPO Registrar: Maashitla Securities Private Limited

The promoters of Aelea Commodities are Hozefa S Jawadwala, Satyanarayan Patro, Ashok Patel, Firoz Gulamhusein Hathiyari, Rashida Hozefa Jawadwala, Sonali Malla, Sumita A Patel, and Farida Firoz Hathiyari.

Company Background

Aelea Commodities trades agricultural products, primarily focusing on processing and trading cashews. The company also deals in sugar, soybean, rice, pulses, and wheat flour. Its processing unit is located in Surat, Gujarat.

Financial Performance

For the financial year 2023-2024, Aelea Commodities reported a net profit of ₹12.22 crore on a revenue of ₹144.50 crore. In the previous year (FY23), the company’s net profit was ₹1.91 crore with a revenue of ₹110.14 crore.

Grey Market Premium (GMP)

As of today, the grey market premium for Aelea Commodities IPO is ₹0, indicating that the shares are not yet traded in the unlisted market.