Aelea Commodities IPO is a book-built issue of Rs 51.00 crores. The issue is entirely a fresh issue of 53.69 lakh shares. Aelea Commodities operates in the commodities trading sector.
Aelea Commodities IPO bidding opened for subscription on July 12, 2024, and will close on July 16, 2024. The allotment for the IPO of Aelea Commodities is expected to be finalized on Thursday, July 18, 2024. Aelea Commodities IPO will be listed on BSE SME with the tentative listing date fixed as Monday, July 22, 2024.
Aelea Commodities IPO price band is set at ₹91 to ₹95 per share. The minimum lot size for an application is 1200 shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹228,000.
Ekadrisht Capital Private Limited is the book-running lead manager of the IPO of Aelea Commodities, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for the IPO of Aelea Commodities is Ss Corporate Securities.
Aelea Commodities IPO Details:
| Company Name | Aelea Commodities Limited |
| Sector | Commodities Trading |
| IPO Type | SME |
| IPO Open date | 12th July 2024 |
| IPO Close date | 16th July 2024 |
| OFS | |
| Listing Exchanges | BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Aelea Commodities IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,14,000 |
| HNI (Min) | 2 | 2400 | 2,28,000 |
Aelea Commodities IPO Timeline:
| IPO Open Date | 12th July 2024 |
| IPO Close Date | 16th July 2024 |
| Basis of Allotment | 18th July 2024 |
| Refund Initiation Date | 19th July 2024 |
| Shares Credit to Demat | 19th July 2024 |
| Listing Date | 22nd July 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Aelea Commodities’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s commodity trading industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Aelea Commodities and be a part of its growth. We will update our verdict once the IPO application window opens
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
