IPO Details

Bidding Dates

12 Jul '24 - 16 Jul '24

Minimum Investment

₹114,000/1 Lot ( 1200 Shares )

Price Range

₹91 - ₹95

Maximum Investment

₹114,000/1 Lot ( 1200 Shares )

Retail Discount

To be announced

Issue Size

₹51.00 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jul 12, 2024

Closing Date

Jul 16, 2024

Allotment Date

Jul 18, 2024

Initiation of Refunds

Jul 19, 2024

Credit of Shares to Demat

Jul 19, 2024

Listing Date

Jul 22, 2024

Cut-off time for UPI mandate confirmation

Jul 16, 2024

About Aelea Commodities Limited

Aelea Commodities Limited, established on November 5, 2018, began its journey with a primary focus on trading agricultural products. Initially dealing in commodities like sugar, cashews, pulses, and more, the company later expanded into cashew processing. Located in Surat, Gujarat, India, within the Gujarat Agro Infrastructure Mega Food Park, its processing unit specialises in delivering high-quality cashew products to both domestic and international markets.

Operating across Business-to-Business (B2B) and Business-to-Customer (B2C) segments, Aelea Commodities caters to diverse market needs. The company not only processes cashews but also trades in commodities such as sugar, pulses, soybean, rice, and wheat flour, primarily through its B2B channel. This dual-strategy optimises operational efficiency and ensures top-notch service delivery to business partners and retail customers alike.

Aelea Commodities' international footprint includes a subsidiary, Supreme Commodities DMCC, based in Dubai, underscoring its global reach. The company imports Raw Cashew Nuts (RCN) from several African nations and specialises in trading RCN and cashew kernels, supplemented by by-products from sugar mills like Bagasse.

Financially, Aelea Commodities has shown robust growth, with substantial revenue from operations, demonstrating its market traction both domestically and globally. The company's strategic initiatives include expanding its cashew processing capacity and venturing into value-added products like Cashew Nut Shell Liquid (CNSL). This diversification aims not only to enhance production efficiency but also to capitalise on emerging market opportunities in industries such as automotive and pharmaceuticals.

With a commitment to quality, sustainability, and customer satisfaction, Aelea Commodities Limited is poised to strengthen its leadership in the cashew processing industry while exploring new avenues for growth and innovation.

Industry Outlook:

  1. The global cashew market is projected to grow from USD 7.82 billion in 2024 to USD 9.20 billion by 2029, with a compound annual growth rate (CAGR) of 3.31%. This growth is driven by the increasing popularity of vegan diets and the rising demand for healthy snacks globally.
  2. Asia-Pacific remains the largest consumer of cashew nuts, with India and Vietnam playing key roles in production and export. By aligning its strategy with industry dynamics, Aelea Commodities Limited can position itself for sustained growth and competitive advantage.
  3. India, a major producer and exporter of cashew kernels, saw its production rise to 0.77 million metric tons in 2021-22. Despite challenges like seasonal fluctuations and market competition, India's strategic government initiatives and export diversity maintain its leadership in the global cashew market.

Aelea Commodities Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Establishing a new manufacturing facility and installing the necessary machinery for ₹2,553.33 lakh.
  2. Allocate ₹591.66 lakh for upgrading machinery at the current site.
  3. Covering general corporate expenses to support business growth and operations.

Peer Details

According to the RHP, the following are the listed companies in India that operate in a business similar to Aelea Commodities Limited:

  1. Krishival Food Limited
  2. Prospect Commodities Limited

How to Check the Allotment Status of the Aelea Commodities Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

Contact Details of Aelea Commodities Limited IPO

  • Registered office: Office No.7, 2nd Floor, Ahfajo House, Plot No. 778 & 779, 22 Rustom Shidwa Marg, Gunbow Street, Fort, Mumbai 400 001, Maharashtra, India.
  • Phone: +91- 22 6634 0989
  • E-mail:info@aeleacommodities.com

IPO Financials

Particulars Year ended May 31, 2024 Year ending on 31st March 2024 Year ending on 31st March 2023 Year ending on 31st March 2022
Revenue from Operations (in ₹ lakh) 2,755.63 14,237.26 10,894.74 10,275.75
Profit After Tax (PAT) (in ₹ lakh) 280.36 1,222.32 191.23 1,063.11
Cash & Cash Equivalents (in ₹ lakh) (21.43) (150.71) 117.93 33.61
Return on Net Worth (%) 5.75 26.61 5.70 35.03
Net Worth (in ₹ lakh) 4,875.32 4,592.89 3,383.00 3,060.89
EBITDA(in ₹ lakh) 380.64 1,846.89 520.66 856.02
Return On Capital Employed (%) 5.72 31.94 11.34 28.91

Know before investing

Strengths

6

  1. The company benefits from the high demand for cashew nuts, popular as both snacks and culinary ingredients.

  2. The cashew nut processing business requires minimal investment, making it a cost-effective venture for Aelea.

  3. The straightforward processing of cashew nuts allows them to easily train employees.

  4. Ensuring high standards through rigorous grading and sorting leads to customer satisfaction and repeat business.

  5. The company can leverage the rising health-conscious trend to boost sales of its cashew products.

  6. The company can capitalise on the high international demand for cashews, expanding its export potential.

Risks

6

  1. Raw cashew nuts need quick processing to avoid spoilage due to short shelf life.

  2. Cashew nuts are only available during certain seasons, making it hard to keep a steady supply.

  3. The cashew nut market is crowded with many established players.

  4. Setting up and maintaining facilities and buying raw cashews are expensive.

  5. Factors like weather, market demand, and government policies can impact business operations.

  6. Meeting various regulatory requirements can be difficult and affect business if not complied with.

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Aelea Commodities IPO FAQs

What is Aelea Commodities Limited's IPO?

Aelea Commodities Limited IPO is a book built issue IPO. The IPO will be open from July 12, 2024, to July 16, 2024.

When will Aelea Commodities Limited's IPO be allotted?

The Basis of Allotment will happen on Thursday, July 18, 2024.

When will Aelea Commodities Limited's IPO open for subscription?

The IPO subscription window will open on July 12, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for Aelea Commodities Limited’s IPO is 1 lot of 1200 shares, with a minimum investment of ₹ 1,14,000.

When will Aelea Commodities Limited list on exchanges?

The listing date for Aelea Commodities Limited is July 22, 2024.

How do I check the allotment status of the Aelea Commodities Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.

What would be the listing gains on the Aelea Commodities Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Aelea Commodities Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Aelea Commodities Limited IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Aelea Commodities Limited using one PAN?

You can submit only one application using your PAN card.