AELEA COMMODITIES LIMITED

12 Jul 2024 - 16 Jul 2024 Individual Category SME BSE

Min Investment

₹114000

Price Band

₹91-₹95

Issue Size

38.4 lakhs
Equity Shares

Lot Size

1200

IPO Dates
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12 Jul 2024

Open Date

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16 Jul 2024

Close Date

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18 Jul 2024

Allotment Date

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22 Jul 2024

Listing Date

Aelea Commodities IPO is open for subscription starting Thursday, July 12, 2024, and closing on Monday, July 16, 2024. This upcoming IPO's price band is Rs 91 to 95 per share. The minimum lot size set for the retail category is 1200 shares.  Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,14,000 ( 95 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,28,000 (95 x 2400 shares).  Aelea Commodities IPO is a book-built issue of Rs 51.00  crores. This upcoming IPO is entirely a fresh issue of 53.69 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, July 18, 2024.  Aelea Commodities IPO will be listed on BSE SME on Monday, July 22, 2024. Ekadrisht Capital Private Limited is the book-running lead manager, and Maashitla Securities Private Limited is the registrar.

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About Aelea Commodities Limited

Aelea Commodities incorporated in 2018, engaged in the business of trading of agricultural products. Aelea is mainly involved in processing and trading cashews. The company also trades other goods such as sugar, pulses, soybean, rice, and wheat flour.  Aelea Commodities imports Raw Cashew Nuts 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 processing unit is situated in Surat, Gujarat, and it is setting up another processing unit in Taluka district, Surat, Gujarat. Aelea’s clients are based in Rajasthan, Karnataka, Gujrat, Mumbai, etc. globally, most customers are situated in Dubai and Sri Lanka. As per latest record available the company has 48 permanent employees across various departments.

Founded

2018

Managing Director

Hozefa S Jawadwala

Parent Organization

IPO Objectives

The funds will be allocated for setting up the new manufacturing unit and installing Plant and Machinery. Also, the company will use the amount to purchase new plants and machinery. Additionally, for general corporate purposes. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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