The IPO is entirely a fresh equity issue of 53.68 lakh shares and through the issue, the company plans to raise Rs 51 crore.
The company is offering its shares at Rs 91-96 apiece, and investors can bid for 1,200 shares in 1 lot.
3) Aelea Commodities GMP
In the unlisted market, the company’s shares are trading with a GMP of Rs 35, which translates to a listing gain of around 37% if the trends sustain4) About Aelea Commodities
As a diverse enterprise, the company is deeply entrenched in the processing and trading of cashews, while also actively engaged in the trading of a diverse range of commodities such as sugar, pulses, soybean, rice, wheat flour, and more.
5) Industry overview
India is among the largest cashew-producing countries in the world. The cashew industry has large economic significance as it employs more than 10 lakh people on farms and factories in rural areas.
6) Aelea Commodities financial performance
For the year ended May 2024, the company clocked total revenue of Rs 27.55 crore and net profit of Rs 2.8 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for setting up of new manufacturing unit and installation of plant and machinery thereon, capital expenditure and general corporate purposes.
8) Lead managers and Registrar
Ekadrisht Capital is acting as the lead manager to the issue and Maashtila Securities is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors, and the rest 15% for non-institutional investors.
10) Important dates
The IPO opened on July 12 and will close on July 16. The final allotment will likely be made on July 18. The company’s shares will likely get listed on July 22.
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( Originally published on Jul 12, 2024 )