Aelea Commodities, a company dealing in cashews and other commodities, has announced its initial public offering (IPO) details. The price band for the IPO has been set at ₹91 to ₹95 per share. This means investors will have to pay between ₹91 and ₹95 for each share they buy.
Aelea’s IPO is classified as a Small and Medium Enterprise (SME) IPO. This means it’s a smaller company compared to those on the main stock exchange. The company aims to raise ₹51 crore through this IPO. The entire issue consists of fresh shares, meaning the company will receive the entire amount raised for its operations.
Those interested in investing in Aelea Commodities can subscribe to the IPO between July 12th and July 16th, 2024. After the subscription period closes, the allotment of shares will likely be finalized on July 18th. If all goes well, Aelea’s shares are expected to start trading on the BSE SME platform by July 22nd.
Important Details for Investors
Here’s a quick rundown of key details for potential investors:
- Price Band: ₹91 – ₹95 per share
- Issue Size: ₹51 crore
- Type of Issue: Fresh Issue
- Subscription Dates: July 12th – July 16th, 2024
- Allotment Date (expected): July 18th, 2024
- Listing Date (expected): July 22nd, 2024
- Listing Platform: BSE SME
The lot size for Aelea’s IPO is 1200 shares. This means the minimum number of shares you can apply for is 1200. At the highest price band of ₹95 per share, the minimum investment amount comes to ₹1,14,000 (1200 shares * ₹95 per share).
It’s important to do your own research before investing in any IPO. This includes understanding Aelea Commodities’ business, its financials, and its future prospects. You can find more information about the company in the IPO prospectus which will be made available by the company before the subscription period opens.
Keep in mind, investing in the stock market always involves some level of risk. By carefully considering all the information and potential risks, you can make informed investment decisions.
