Aelea Commodities Limited IPO Review: Opening Date, GMP & Subscription Status

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Aelea Commodities Limited IPO: Analysis, GMP & Subscription Status

Introduction

Aelea Commodities Limited is set to launch its Initial Public Offering (IPO) from July 12, 2024, to July 16, 2024. This blog provides a detailed analysis of the IPO, including the company's background, financial performance, and key IPO details.

Company Overview

Aelea Commodities Limited, originally incorporated as "Aelea Commodities Private Limited," has a notable presence in the trading and commodities sector. The company has steadily grown over the years, establishing itself as a significant player in the market.

IPO Timeline

The IPO timeline for Aelea Commodities Limited is as follows:

  • IPO Open Date: Friday, July 12, 2024
  • IPO Close Date: Tuesday, July 16, 2024
  • Basis of Allotment: Thursday, July 18, 2024
  • Initiation of Refunds: Friday, July 19, 2024
  • Credit of Shares to Demat: Friday, July 19, 2024
  • Listing Date: Monday, July 22, 2024
  • Cut-off time for UPI mandate confirmation: 5 PM on July 16, 2024

IPO Details

  • IPO Dates: July 12, 2024, to July 16, 2024
  • Listing Date: Monday, July 22, 2024
  • Face Value: ₹10 per share
  • Price Band: ₹91 to ₹95 per share
  • Minimum Order Quantity: 1200 shares
  • Total Shares Offered: 5,368,800 shares (up to ₹51.00 crore)
  • Fresh Issue: 5,368,800 shares (up to ₹51.00 crore)
  • Issue Type: Book Built Issue
  • Listing Exchange: BSE SME
  • Pre-issue Shareholding: 14,950,000 shares
  • Post-issue Shareholding: 20,318,800 shares
  • Market Maker Portion: 268,800 shares

Aelea Commodities Limited Financial Performance

Aelea Commodities Limited has demonstrated consistent financial growth over recent years. Below is a summary of their financial performance:

Particulars 31 May 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022 31 Mar 2021
Total Assets ₹1,164.13 Cr ₹1,065.35 Cr ₹987.68 Cr ₹702.80 Cr ₹504.12 Cr
Revenue ₹275.85 Cr ₹1,445.08 Cr ₹1,101.44 Cr ₹1,055.08 Cr ₹475.95 Cr
Net Profit ₹28.04 Cr ₹122.23 Cr ₹19.12 Cr ₹106.31 Cr ₹110.85 Cr
Net Worth ₹487.53 Cr ₹459.29 Cr ₹338.30 Cr ₹306.09 Cr ₹194.05 Cr
Reserves & Surplus ₹337.53 Cr ₹309.29 Cr ₹335.10 Cr ₹302.95 Cr ₹193.27 Cr
Total Borrowings ₹412.04 Cr ₹407.73 Cr ₹332.74 Cr ₹213.08 Cr ₹109.61 Cr

Use of IPO Proceeds

The funds raised from the IPO will be utilized for:

  1. Expansion Plans: Enhancing operational capacities and expanding product offerings.
  2. Debt Repayment: Reducing existing debt to improve financial stability.
  3. General Corporate Purposes: Meeting general corporate expenses and requirements.

Aelea Commodities IPO GMP & Subscription Stats

Stay updated with the latest information on the Aelea Commodities Limited IPO Grey Market Premium (GMP) and Subscription Status as they become available post-IPO opening.

Grey Market Premium (GMP)

Date GMP (₹)
Today ₹68
15 July ₹47
13 July ₹45
12 July ₹40
11 July ₹20

Subscription Status [Time]

Date QIBs NIIs Retail Investors Total Subscription
July 12, 2024 0.00 4.51 8.08 5.01
July 15, 2024 0.01 42.64 43.94 31.11
July 16, 2024 96.58 299.83 142.81 163.26

This section will be regularly updated with the latest GMP and subscription figures to help investors make informed decisions. Keep an eye on this space for real-time updates!

Strengths and Risks

Strengths

  1. Experienced Promoters and Management Team: The promoters of Aelea Commodities Limited possess significant in-depth knowledge of the commodity trading industry and have been instrumental in the consistent growth of the company’s performance. Their vast experience in the industry is a strong foundation for the company's future growth.

  2. Existing Client Relationship: Aelea Commodities Limited is committed to consistently addressing customers' needs regarding their products. The company prioritizes meeting specific customer requirements and timely order delivery, which are fundamental factors for its growth. This approach has led to a significant increase in repeat orders, fostering strong client relationships and demonstrating the trust placed in the company by its customers.

Risks

  1. Market Risks: The company's business operations and profitability are subject to market risks, including fluctuations in commodity prices, changes in government policies, and economic conditions.

  2. Competition: The industry is highly competitive with numerous organized and unorganized players. The company’s ability to maintain its market position and profitability depends on its capacity to offer quality products at competitive prices.

  3. Regulatory Risks: Changes in regulatory policies and environmental norms can affect the company's operations and profitability. Compliance with stringent environmental regulations involves high costs for pollution control equipment and sustainable practices.

By carefully considering these strengths and risks, investors can make an informed decision about investing in Aelea Commodities Limited's IPO.


How To Get/Claim:


How to Apply

Investors can apply for the Aelea Commodities Limited IPO through ASBA (Applications Supported by Blocked Amount) in designated banks, or through UPI (Unified Payments Interface) for retail investors. Ensure to complete the application before the closing date to avoid any last-minute issues.

Conclusion

The Aelea Commodities Limited IPO presents a promising opportunity for investors, given the company’s strong market presence, experienced management, and consistent financial performance. However, potential investors should consider the associated risks and perform due diligence before investing.

For more details, refer to the DRHP of Aelea Commodities Limited.


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