Aelea Commodities Ltd IPO

As a versatile 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. Its operational strategy revolves around two distinct models, namely Business to Business (B2B) and Business to Customer (B2C). In the realm of cashews, the company has successfully established a presence in both B2B and B2C segments, allowing it to cater to the nuanced requirements of both wholesale clients and individual consumers. On the other hand, its trade in products like Sugar, Pulses, Soybean, Rice, Wheat Flour, etc., is exclusively conducted through its B2B channel. This strategic approach enables it to optimize its operations, ensuring efficiency and quality service for its business partners, while also delivering top-notch products to its valued retail customers. The strategic approach involves not only meeting the demands of the domestic market but also extending its reach to customers outside India. Through a commitment to excellence in processing and a customer-centric approach, the company aims to establish itself as a prominent player in the cashew industry, ensuring the satisfaction of its clientele through top-notch products and services. The company engages in importing Raw Cashew Nuts (RCN) from diverse African nations, including Benin, Tanzania, Burkina Faso, Senegal, and Cote d'Ivoire, necessitating substantial quantities and tying up working capital funds. It specializes in trading RCN and Cashew Kernels for consumption. Additionally, it trades in by-products from sugar mills, such as Bagasse.

Open Demat Account

50years

Aelea Commodities Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
53.69 LTBA17.86 L129.68 LBSE₹ 51 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
12 Jul, 2416 Jul, 241200 ₹ 1,09,200 Book Building - SME22 Jul, 24

Aelea Commodities Ltd IPO Dates

  • 12 Jul 2024

    Opening date

  • 16 Jul 2024

    Closing date

  • 18 Jul 2024

    Basis of
    Allotment

  • 19 Jul 2024

    Initiation of
    Refunds

  • 19 Jul 2024

    Credit of
    Shares

  • 22 Jul 2024

    Listing date

Details

SectorType
SectorFood - Processing - Indian
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x25488000
NII0x7656000
Retail0x17856000
Employee0x00
Total0x53688000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Aelea Commodities Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations10.651.770.28
EBITDA12.182.180.50
PAT6.780.300.94
Total Assets43.5334.4325.78
Share Capital15.000.050.05
Total Borrowings43.9137.8429.94
Operating Activities (Net Cash)8.310.711.16
Investing Activities (Net Cash)0.260.66-16.41
Financing Activities (Net Cash)43.9137.8429.94
Net Cashflow0.110.640.01

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Aelea Commodities Ltd

Aelea Commodities Limited was originally incorporated on November 05, 2018, as a private limited Company under the name and style of Aelea Commodities Private Limited under the provisions of Companies Act, 2013 with the Registrar of Companies, Mumbai Maharashtra bearing Registration No. 316782. Thereafter, the Company was converted from private limited to public limited and the name of the Company was changed from Aelea Commodities Private Limited to Aelea Commodities Limited vide fresh certificate of incorporation dated February 28, 2024 issued by the Registrar of Companies Mumbai Maharashtra. The Corporate Identification Number of the Company is U51909MH2018PLC316782.

GLOBAL CASHEW PRODUCTION Cashew nuts are a popular nut. They are also the most expensive nut in the world. The cashew tree is native to South America, and today, it is grown in many countries including India, Vietnam and Nigeria. The cashew plant is a tropical evergreen that can grow up to 30 meters tall and has an average lifespan of 50 years. The cashew tree has a unique shape with leaves on the top of its branches and short leaves on the trunk that provide shade for the lower branches. From 2010 to 2020, this statistic depicts the global production of cashew nuts (in shell). Globally, roughly 4.18 million metric tons of cashew nuts in shell were produced in 2020, an increase over 2019 output levels. Africa produced more than half of the world's raw cashew nut output between 2014 and 2018, with West Africa accounting for 42% and East Africa accounting for 10% of annual production, respectively. Asia accounted for 43% of total annual revenue on average, while Latin America and the Caribbean accounted for 5%. Africa accounted for 63 percent of worldwide raw cashew nut production growth between 2000 and 2018. All 46 countries that produce cashew nuts on a large scale are developing countries, including 18 of the world's least developed countries. However, not all cashew-producing countries participate equally in the global value chain. The majority of cashew nuts harvested in Africa are exported uncooked, before being shelled in primarily two countries: India and Vietnam. Two illustrations demonstrate this pattern: Africa exported 90% of worldwide raw cashew nut exports between 2014 and 2018, whereas India and Vietnam imported 98 percent of global raw cashew nut imports over the same time. The Cashew Market size is estimated at USD 7.82 billion in 2024, and is expected to reach USD 9.20 billion by 2029, growing at a CAGR of 3.31% during the forecast period (2024-2029). CASHEW INDUSTRY - AN INDIAN 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. The cultivation of cashews in India covers a total of 0.7 million hectares of land, and the country produces over 0.8 million tonnes (MT) annually. Between 2019-20 and 2021-22, India's cashew nut production grew from 0.70 million tonnes (MT) to 0.77 million tonnes (MT). In India, cashew cultivation is spread along the coastal regions of the peninsula. Cashew is mainly grown in states like Maharashtra, Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Goa, Orissa, West Bengal, and some parts of the North-Eastern region. According to data published by the National Horticulture Board (NHB), Maharashtra stands first in annual cashew nut production during 2021-22 at 0.20 million tonnes (MT), growing from 0.19 million tonnes cashew nut produced in 2020-21. Besides the vast scale of cashew production, India is also known for pioneering cashew processing and exporting cashew kernels across the globe. The cashew processing industry was earlier concentrated in Kollam (Kerala), Mangalore (Karnataka), Goa, and Vettapalam (Andhra Pradesh), but now it is spread across many states of India. Over the years, India has emerged as the global processing hub for the cashew industry.

Peer Comparison:

  • Krishival Foods Ltd
  • Prospect Commodities Ltd

Aelea Commodities Ltd IPO Key Points

Strengths

  • Experienced Promoters and Management Team.
  • Existing Client Relationship.
  • Quality Service.
  • Well established systems and procedures.

Risk

  • The company has certain outstanding litigation against it, an adverse outcome of which may adversely affect its business, reputation and results of operations.
  • Its reliance on certain industries for a significant portion of its sales could have an adverse effect on the company's business.
  • Its business is dependent and will continue to depends on the company manufacturing facilities, and the company is subject to certain risks in its manufacturing process. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with the company operations could have an adverse effect on its business, financial condition and results of operations.

Strategy

  • Expand its existing manufacturing capacities to capitalize on industry opportunities.
  • Increasing Operational efficiency.
  • Continue to focus on innovation and grow its business across customer segments.
  • Enhance customer base by entering new geographies to establish long-term relationships.
  • Branding the finished product.
  • Experienced Promoters and Management Team.
  • Existing Client Relationship.
  • Quality Service.
  • Well established systems and procedures.

How To Apply for Aelea Commodities Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Aelea Commodities Ltd's IPO offers shares for up to ₹ 0 L It begins on Jul 12, 2024 and ends on Jul 16, 2024.

The price of Aelea Commodities Ltd IPO ranges between ₹91 to ₹95 per share.

The Aelea Commodities Ltd IPO opens on Jul 12, 2024 and closes on Jul 16, 2024.

The allotment for the Aelea Commodities Ltd IPO will be finalised on Jul 18, 2024. The shares will be listed on BSE and NSE on Jul 22, 2024.

The minimum lot size for Aelea Commodities Ltd IPO is 1200 shares, priced between ₹91 to ₹95 per share.

The GMP (Grey Market Premium) of Aelea Commodities Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Aelea Commodities Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Aelea Commodities Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Jul 12, 2024, and closes on Jul 16, 2024. The allotment is finalised on Jul 18, 2024.

To apply for the Aelea Commodities Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.