Aelea Commodities IPO: Issue size, price band, GMP, and More

Aelea Commodities' SME IPO is now open for subscription, targeting a raise of Rs 51 crore. The company specializes in cashews and various other commodities. Investors can purchase shares priced between Rs 91 and Rs 96 each.

Here are 10 essential details for potential investors:

1. IPO Size

The IPO is entirely a fresh equity issue of 53.68 lakh shares, aiming to raise Rs 51 crore.

2. Price Band

Shares are available for Rs 91-96 each, with a minimum bid of 1,200 shares per lot.

3. GMP Status

In the grey market, the shares have a premium of Rs 35, indicating a potential listing gain of about 37%.

4. Company Overview

Aelea Commodities is involved in processing and trading cashews, and also trades commodities like sugar, pulses, soybean, rice, and wheat flour.

5. Industry Overview

India is a leading cashew producer, with the industry employing over 10 lakh people in rural areas.

6. Financial Performance

For the fiscal year ending March 2024, Aelea Commodities reported revenues of Rs 27.55 crore and a net profit of Rs 2.8 crore.

7. Purpose of the Offer

The funds will be used for setting up a new manufacturing unit, installing plant and machinery, capital expenditures, and general corporate purposes.

8. Lead Managers and Registrar

Ekadrisht Capital is the lead manager, and Maashtila Securities is the registrar.

9. Issue Structure

The offer allocates 50% to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors.

10. Important Dates

The IPO opened on July 12 and closes on July 16. Final allotments are expected on July 18, with shares likely to list on July 22.

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