Aelea Commodities Limited is launching an IPO consisting of a fresh issue of 55,00,000 shares worth INR 51 crores. The company aims to purchase plant and machinery at existing manufacturing units and meet general corporate purposes.
Aelea Commodities IPO – Important Dates
Aelea Commodities Limited IPO Date | July 12, 2024 to July 16, 2024 |
Aelea Commodities Limited IPO Listing Date | July 22, 2024 |
Aelea Commodities Limited IPO Price | INR 91-95 per share |
Aelea Commodities Limited IPO Lot Size | 1200 shares |
Aelea Commodities Limited IPO Total Issue Size | INR 51 crores |
Aelea Commodities Limited IPO Basis of Allotment | July 18, 2024 |
Aelea Commodities Limited IPO Initiation of Refunds | July 19, 2024 |
Aelea Commodities Limited IPO Credit of Shares to Demat | July 19, 2024 |
Aelea Commodities Limited IPO Issue Type | Book Built Issue IPO |
Aelea Commodities Limited IPO Listing At | BSE SME |
Aelea Commodities Limited IPO – Company Profile
Aelea Commodities Limited excels in B2B and B2C cashew trading and B2B trading of sugar, pulses, soybean, rice, and wheat flour, focusing on quality service, domestic and international markets, and customer satisfaction.
The company imports Raw Cashew Nuts (RCN) from African nations and specializes in trading RCN, Cashew Kernels, and sugar mill by-products. Its operations are expanding to increase processing capacity and global market reach.
Venturing into Cashew Nut Shell Liquid (CNSL) processing enhances revenue and sustainability, positioning the company as a leader in the cashew processing industry with diverse automotive, pharmaceuticals, and chemicals applications.
Aelea Commodities Ltd IPO Fundamental Analysis
Aelea Commodities Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased year-over-year, but current-year figures fall short. Increased debt reliance, decreased profitability, lower EPS, and RoNW reflect potential investor concerns despite asset growth.
- Revenue Trend: The revenue increased from ₹10,275.75 lakhs in March 2022 to ₹10,894.74 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 9,691.44 lakhs.
- Equity and Liabilities: Both equity and liability has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating expanded reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹1,063.11 lakhs in March 2022 to ₹884.35 lakhs by December 2023. This decline in profitability could be a cause for concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹7.09 in March 2022 to ₹5.90 by December 2023, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has reduced from 35.03% to 20.74%, indicating a decrease in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations.
Aelea Commodities IPO Financial Analysis
Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
Revenue (₹ in lakhs) | 10,275.75 | 10,894.74 | 9,691.44 |
Equity (₹ in lakhs) | 3,043.53 | 3,356.46 | 4,263.80 |
Expenses (₹ in lakhs) | 9,576.24 | 10,717.24 | 8,681.62 |
Profit and Loss After Tax (₹ in lakhs) | 1,063.11 | 191.22 | 884.35 |
Diluted EPS only (₹) | 7.09 | 1.27 | 5.90 |
Return on Net Worth (%) | 35.03 | 5.70 | 20.74 |
NAV per Equity Share (₹) | 20. 32 | 22.38 | 28.43 |
Total Assets (in lakhs) | 7,028.03 | 9,876.85 | 11,017.11 |
Total Liabilities (in lakhs) | 3,984.5 | 6,520.39 | 6,807.31 |
Debt Equity Ratio | 0.70 | 0.99 | 1.01 |
Current Ratio (in times) | 1.30 | 1.27 | 1.44 |
Aelea Commodities Limited IPO Peer Comparison
Aelea Commodities Limited and Krishival Food Limited (formerly Empyrean Cashews Limited) show varying financial metrics, with Krishival Food exhibiting higher equity and liabilities. Prospect Commodities Limited has notable figures in net worth and profitability ratios.
Company | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
Aelea Commodities Limited | 10 | – | 0.20 | 1.78 | 11.02 |
Krishival Food Limited (Formerly Known as Empyrean Cashews Limited) | 10 | 73.39 | 3.42 | 13.86 | 24.65 |
Prospect Commodities Limited | 10 | 18.70 | 4.53 | 5.02 | 26.62 |
Aelea Commodities Ltd IPO Objective
The main objective of Aelea Commodities Limited is to purchase plants and machinery from existing manufacturing units.
- Purchase of Plant and Machinery at Existing Manufacturing Unit: The company intends to use INR 5.92 crores to acquire and install seven new machines at the existing manufacturing unit, enhancing capacity to meet increased demand and support sales growth.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including acquiring property, hiring staff, forming strategic alliances, funding growth, servicing debt, capital expenditures, working capital, and other business needs.
Aelea Commodities IPO Risks And Challenges
Aelea Commodities Limited’s risk includes outstanding litigation, potential legal actions, seasonality, customer marketing issues, regulatory changes, and manufacturing challenges. Risks such as equipment breakdowns, labor disputes, and regulatory compliance issues could impact operations and financial performance.
- Outstanding litigation and potential legal actions, including changes or unfavorable rulings, could increase expenses and liabilities. Complaints, claims, or legal actions from various parties, including employees, could further impact the business operations and finances.
- Their business is influenced by factors such as seasonality, ineffective customer marketing, regulatory changes, loss of market share, economic conditions, industry downturns, regulatory challenges, and shifts in technology or consumer preferences, all of which affect their financial performance and operations.
- Their operations rely on managing manufacturing facilities and labor relations, with risks including equipment breakdowns, industrial accidents, and potential labor disputes. Regulatory compliance issues could also cause disruptions, impacting business operations and financial performance.
Aelea Commodities Ltd IPO – Industry & Market Potential
Cashew nuts, the world’s most expensive nut, are primarily grown in tropical regions like South America, India, Vietnam, and Nigeria. Africa dominates production, while India and Vietnam handle most processing. The market is projected to grow from USD 7.82 billion in 2024 to USD 9.20 billion by 2029.
India cultivates cashews across 0.7 million hectares and produces over 0.8 million tonnes annually as a leading cashew producer. The country excels in processing and exporting cashew kernels, with Maharashtra being the top producer.
India, the largest cashew exporter, is seeing increased domestic production due to DAC&FW initiatives, including a 1.20 lakh hectare expansion in cultivation. Despite a 19.84% decline in export value, export volumes remain significant.
Aelea Commodities Limited IPO – Type of Offer
Aelea Commodities Limited is launching an IPO consisting of a fresh issue of 55,00,000 shares worth INR 51 crores. The company aims to purchase plant and machinery at existing manufacturing units and meet general corporate purposes.
Aelea Commodities IPO Offer Size
The offer size of Aelea Commodities Limited is INR 51 crores, consisting of a fresh issue of 55,00,000 shares. The company seeks funds to purchase plant and machinery at existing manufacturing units and meet general corporate purposes.
Aelea Commodities Limited IPO Allotment Structure
Aelea Commodities Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 268,800 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 268,800 shares, are reserved for marker makers.
How to apply for an Aelea Commodities Limited IPO?
To apply for the Aelea Commodities Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Aelea Commodities Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Aelea Commodities Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Aelea Commodities Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Aelea Commodities Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Aelea Commodities Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Aelea Commodities Limited IPO:
● Registrar’s Website: Visit the website of Maashitla Services Private Limited, the registrar of the Aelea Commodities Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Aelea Commodities Limited Ltd IPO Offer Registrar
The registrar for the Aelea Commodities Limited IPO is Maashitla Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square, Netaji Subhash Place,
Pitampura, Delhi 110 034, India.
Telephone: 011 4512 1795
Email: [email protected]
Website: www.maashitla.com
Aelea Commodities Limited Limited IPO – FAQs
The allotment date of the Aelea Commodities Limited IPO is July 18, 2024.
The price band of the issue is INR 91-95 per share.
The offer size of Aelea Commodities Limited is INR 51 crores, consisting of a fresh issue of 55,00,000 shares. The company seeks funds to purchase plant and machinery at existing manufacturing units and meet general corporate purposes.
The listing date of Aelea Commodities Limited’s IPO is July 22, 2024.