Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Aelea Commodities IPO: SME IPO subscribed five times on first day of issue; Check latest GMP
    Commodities

    Aelea Commodities IPO: SME IPO subscribed five times on first day of issue; Check latest GMP

    July 12, 20243 Mins Read


    Aelea Commodities IPO: The initial public offering (IPO) of the small and medium-sized enterprise (SME) Aelea Commodities Ltd was subscribed over five times on the first day of its issue today. The SME IPO of the agri commodities trader and producer opened for subscription on Friday, July 12, 2024 and will close on July 16, 2024.

    Aelea Commodities offers a total of 5,368,800 shares. The Gujarat-based company reserved 1,785,600 equity shares or 33.26 per cent for retail investors, 765,600 shares or 14.26 per cent for the non-institutional investors (NIIs), and 1,020,000 shares or 19 per cent for qualified institutional buyers (QIBs) in the issue. 1,528,800 equity shares or 28.48 per cent are set aside for anchor investors.

    Also Read: Aelea Commodities IPO price band set at ₹91-95 per share; SME IPO to open on July 12

    Aelea Commodities IPO Subscription Status:

    On Friday, Aelea Commodities IPO was subscribed 5.01 times. Retail investors bid the highest as the portion reserved for them was subscribed 8.08 times, while the portion reserved for NIIs was booked 4.54 times. The QIB portion was left unsubscribed on the first day. The SME IPO received 1,78,74,000 share applications against offered 35,71,200 shares on Friday.

    Aelea Commodities IPO Details:

    Aelea Commodities IPO price band has been set at ₹91 to ₹95 per share. The company aims to raise ₹51.00 crore from the book built issue which is entirely a fresh issue of 53.69 lakh equity shares. The IPO lot size is 1,200 shares and the minimum investment amount required by retail investors is ₹114,000.

    The agricultural products trader proposes to use the net issue proceeds for setting up a new manufacturing unit and installing plant and machinery thereon, purchasing plant and machinery at an existing manufacturing unit and for general corporate purposes.

    Ekadrisht Capital Private Limited is the book running lead manager of the Aelea Commodities IPO, while Maashitla Securities Private Limited is the IPO registrar. Hozefa S Jawadwala, Satyanarayan Patro, Ashok Patel, Firoz Gulamhusein Hathiyari, Rashida Hozefa Jawadwala, Sonali Malla, Sumita A Patel, and Farida Firoz Hathiyari are the promoters of Aelea Commodities.

    Also Read: Sahaj Solar IPO booked over 97 times on the second bidding day; retail investors steal the show. Check GMP

    Aelea Commodities Company Details:

    Aelea Commodities is engaged in the trading of agricultural products, mainly in processing and trading cashews. The company also trades other commodities such as sugar, soybean, rice, pulses, and wheat flour. The processing unit is situated in Surat, Gujarat and is another processing unit is coming up in Taluka district, Surat, Gujarat.

    Aelea Commodities reported a net profit of ₹12.22 crore upon a revenue of ₹144.50 crore for the financial year 2023-2024. In FY23, the company’s net profit was ₹1.91 crore and revenue was ₹110.14 crore. The company imports Raw Cashew Nuts (RCN) from various African nations, including Benin, Tanzania, Burkina Faso, Senegal, and Cote d’Ivoire. It trades in by-products from sugar mills, such as Bagasse.

    Read all IPO-related news here

    Aelea Commodities IPO GMP:

    Aelea Commodities GMP today, or grey market premium, is ₹66 per share, according to stock market observers. This indicates that the equity shares of Aelea Commodities are trading at ₹161 apiece in the grey market, a premium of 69.47 per cent to the IPO price of ₹95 per share.

    3.6 Crore Indians visited in a single day choosing us as India’s undisputed platform for General Election Results. Explore the latest updates here!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    La première place pour les électriques à l’EcoGreen Energy 2025

    Commodities

    L’infernal concert de Muse au Hellfest

    Commodities

    Rencontre avec Tabahi, seul groupe de thrash metal du Pakistan

    Commodities

    Graspop Metal Meeting 2025 : Iron Maiden en grande forme, vampires, monstre et grand soleil

    Commodities

    Ghana’s agricultural export could be at risk

    Commodities

    Smartphone, tablettes… tout savoir sur la nouvelle étiquette énergie et ce que ça change pour vos achats

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Professor Coin: Is There a ‘Free Lunch’ in Cryptocurrency Markets?

    Commodities

    Rare Sea Creature Hoards Toxic Metals as a Fascinating Survival Strategy : ScienceAlert

    Commodities

    Minnesota agricultural students awarded with scholarships

    Editors Picks

    Trump supporters lose $12bn as president’s cryptocurrency collapses

    February 27, 2025

    Can the West Afford to Build Its Own Copper Industry?

    August 17, 2024

    Mexico returns to Samurai bond market

    August 22, 2024

    Fintech Tala Goes Global With Non-Custodial Crypto Wallet | Video

    October 15, 2024
    What's Hot

    Trump Promotes the Development of Cryptocurrency, XRP Mining Brings New Opportunities for Miners to Earn $8,700 a Day in Passive Income

    May 14, 2025

    Metal Gear Solid 3 Remake won’t be at Gamescom 2024, Konami all but confirms

    August 15, 2024

    NICE Actimize Introduces AI-Powered SURVEIL-X

    August 9, 2024
    Our Picks

    David Tennant’s move from Time Lord to landlord boosts his net worth to £6MILLION thanks to lucrative property investment portfolio

    July 11, 2024

    A Student Guide To Using Cryptocurrency

    February 20, 2025

    Alpine Income Property Trust, Inc. Reports Q1 2025 Results: $79.2 Million in Investments, Increased Dividend, $0.08 Net Loss per Share

    April 24, 2025
    Weekly Top

    Rencontre avec Tabahi, seul groupe de thrash metal du Pakistan

    June 20, 2025

    Silver Viper finalise l’acquisition du projet aurifère-cuivrique Cimarron

    June 20, 2025

    Russia Developing Cross-Border Digital Payment with BRICS

    June 20, 2025
    Editor's Pick

    At U.S. request, India arrests cryptocurrency exchange Garantex administrator accused of money laundering

    March 12, 2025

    Mining for talent: Education’s crucial role in America’s clean energy, mineral driven future

    October 15, 2024

    Full breakdown of property prices hit by April’s stamp duty hike | UK | News

    March 31, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.