Aelea Commodities launched on the BSE SME with a 73.6% premium, opening at Rs 165 compared to the IPO price of Rs 95. The strong debut on July 22 reflects robust investor interest in the company’s shares.
Aelea Commodities’ IPO, worth Rs 51 crore for 53.69 lakh shares, was oversubscribed by nearly 170 times, driven by strong interest from non-institutional investors and retail buyers. The stock debuted on the BSE SME at Rs 165, a 73% premium over the Rs 95 issue price.
Aelea Commodities Limited specialises in trading cashews, sugar, and other commodities, sourcing raw cashews from Africa and focusing on expanding processing capabilities and global reach. They also process Cashew Nut Shell Liquid, broadening their market in the automotive, pharmaceuticals, and chemicals industries.
Aelea Commodities Ltd plans to invest INR 5.92 crores in new machinery to boost production at its existing unit and allocate remaining funds for various corporate needs to facilitate growth and operations.