Aelea Commodities IPO Price Band ₹91-95; SME IPO Opens July 12

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

The subscription period for the Aelea Commodities IPO starts on Friday, July 12, and ends on Tuesday, July 16. The allotment is expected to be finalized by July 18, with the IPO listing set for July 22. The price band for the IPO is ₹91 to ₹95 per share, with the company planning to raise ₹51 crore through a fresh issue of 53.69 lakh equity shares.

Investors need to bid for a minimum lot size of 1,200 shares, requiring a minimum investment of ₹114,000.

The funds raised will be used for establishing a new manufacturing unit, purchasing plant and machinery for the existing unit, and for general corporate purposes. Ekadrisht Capital Private Limited is the lead manager for the IPO, while Maashitla Securities Private Limited is the registrar.

The promoters of Aelea Commodities include Hozefa S Jawadwala, Satyanarayan Patro, Ashok Patel, Firoz Gulamhusein Hathiyari, Rashida Hozefa Jawadwala, Sonali Malla, Sumita A Patel, and Farida Firoz Hathiyari. The company trades agricultural products, focusing on processing and trading cashews, and also deals in commodities like sugar, soybean, rice, pulses, and wheat flour. Their processing unit is located in Surat, Gujarat.

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 financial year, FY23, the company’s net profit was ₹1.91 crore with revenue of ₹110.14 crore.

Aelea Commodities IPO Grey Market Premium (GMP):

Currently, the GMP for Aelea Commodities IPO is ₹0, indicating that the shares are not yet traded in the unlisted market according to stock market observers.

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