July 19, 2024
New Delhi, India
IPO Today
The Aelea Commodities IPO, valued at ₹51 crore, closed with overwhelming demand and is set to finalize its allotment today. The company plans to use the net proceeds for setting up a new manufacturing unit, purchasing machinery, and general corporate purposes. Investors eagerly awaiting the allotment status can check it online through a few simple steps.
How to Check Aelea Commodities IPO Allotment Status:
- Visit the Official Portal:
- Go to the Maashitla Securities Private Limited website at Maashitla.com.
- Select IPO Name:
- From the drop-down menu, select ‘Aelea Commodities.’
- Choose Identification Method:
- Select your preferred option: PAN Number, Application Number, or DP ID.
- Enter Details:
- Input your PAN Number, Application Number, or Demat Account Number based on your selection.
- Check Allotment:
- Click on the ‘Search’ button to view your Aelea Commodities IPO allotment status on the screen.
Also Read: Sanstar Limited IPO Launches: Key Insights, Subscription Status, and Investment Potential
Important Dates:
- Allotment Finalization: Expected today.
- Shares Crediting: July 19, 2024, into the demat accounts of successful applicants.
- Refunds: Issued on July 19, 2024, for rejected applications.
About the IPO:
- Subscription Period: Opened on July 12 and closed on July 16, 2024.
- Price Band: ₹91 to ₹95 per equity share.
- IPO Size: ₹51 crore, consisting entirely of a fresh issue of 53.69 lakh shares.
- Minimum Investment: ₹1.14 lakh for one lot of 1,200 shares.
- Subscription Rate: Subscribed 195.83 times overall.
Subscription Breakdown:
- Qualified Institutional Buyers (QIBs): 104.22 times.
- Non-Institutional Investors (NII): 389.87 times.
- Retail Investors: 164.95 times.
IPO Use of Proceeds:
- Setting up a new manufacturing unit.
- Purchasing plant and machinery for new and existing units.
- General corporate purposes.
Promoters and Management:
- Promoted by Hozefa S Jawadwala, Satyanarayan Patro, Ashok Patel, Firoz Gulamhusein Hathiyari, Rashida Hozefa Jawadwala, Sonali Malla, Sumita A Patel, and Farida Firoz Hathiyari.
Business Overview: Aelea Commodities is engaged in the trading of agricultural products, primarily processing and trading cashews. It also trades commodities such as sugar, soybean, rice, pulses, and wheat flour. The company operates a processing unit in Surat, Gujarat, with another unit under construction.
GMP and Market Outlook:
- Grey Market Premium (GMP): Trading at a premium of ₹77 per share, indicating an expected listing price of ₹172, a significant 81% premium from the issue price of ₹95.
- Recent GMP Trends: The premium was ₹77 on July 16, jumping from ₹45 on July 15.
Bottom Line:
The Aelea Commodities IPO has seen robust demand, reflected in its high subscription rates and significant GMP. Investors can now check their allotment status online and prepare for the listing. This IPO offers a promising opportunity, especially with the strong market premium indicating positive investor sentiment.
Currency Market Update July 18, 2024
Disclaimer:
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