Schedule of Aelea Commodities
| Issue open date | 12 Jul 2024 |
| Issue close date | 16 Jul 2024 |
| UPI mandate deadline | 16 Jul 2024 (5 PM) |
| Allotment finalization | 18 Jul 2024 |
| Refund initiation | 19 Jul 2024 |
| Share credit | 19 Jul 2024 |
| Listing date | 22 Jul 2024 |
| Mandate end date | 31 Jul 2024 |
| Lock-in end date for anchor investors (50%) | 18 Aug 2024 |
| Lock-in end date for anchor investors (remaining) | 18 Oct 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Aelea Commodities
Incorporated in 2018, Aelea Commodities is engaged in the business of trading in agriculture products. It specializes in the comprehensive processing and trading of cashews, catering to both the B2B and B2C markets. The company’s product portfolio includes goods such as sugar, pulses, soybean, rice, and wheat flour. The processing unit of the company is situated near Surat, Gujarat.
As per the company, the proposed plan of venturing into further processing the Cashew Nut Shell into Cashew Nut Shell Liquid (CNSL) presents a lucrative opportunity to extract additional value from its raw materials. CNSL holds immense potential across various industries, including automotive, pharmaceuticals, and chemicals, due to its versatile applications such as in brake linings, varnishes, and insecticides. Domestically, It caters majorly to customers from Rajasthan, Karnataka, Gujarat, Mumbai, etc. and globally from Dubai and Sri Lanka.
Financials of Aelea Commodities
Issue size
| Funds raised in the IPO | Amount |
| Overall | ₹51 crores |
| Fresh issue | ₹51 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Setting up manufacturing units | 25.53 (50.1%) |
| Capital expenditure | 5.92 (11.6%) |
| General corporate purposes | 19.55 (38.3%) |
*All figures except EPS are in ₹ crores
Strengths
- Existing client relationship: The company has actively taken measures to meet customer demand, ensuring timely order fulfilment, and maintaining consistent product quality which has resulted in a significant increase in repeat orders. The company also provides comprehensive after-sales service.
- Experienced Promoters: The company’s promoters possess extensive expertise in the field of commodity trading, which has been integral to the consistent growth and overall performance of the company.
Risks
- Clientele and supplier risk: The Company relies on its top 10 clients for over 73% of its revenue and 99% of its total purchase materials comes from its top 10 suppliers. As the company lacks long-term agreements currently, Losing any of these major customers or suppliers could negatively impact revenue and profitability.
- Commodity Price Volatility: The pricing of the company’s commodity products is primarily driven by current market rates which can experience fluctuations due to factors such as weather changes, domestic and international trade policies, shifts in supply and demand – all variables beyond the company’s control. Consequently, any instability in these prices could significantly impact the financial performance and operational results.
- Negative cashflows: The Company had negative cash flows in the past years. If this sustains, negative cash flow could impact the future growth and business.
Note:
- The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
- The allotment status will be available by July 19, 2024, on the registrar’s website and the NSE website.