Aelea Commodities IPO Allotment Status

How to check Aelea Commodities IPO allotment status

How to check IPO allotment status. Since this is an BSE-SME IPO, you can check the allotment status on the BSE website or on the registrar website. Remember, the BSE only offers allotment status update on its website for mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the BSE website (being a BSE-SME IPO) or on the website of the IPO registrar, Bigshare Services Private Limited. You can also use a broker link; in case your broker is giving such a direct linkage. Here are the steps that you need to follow to check allotment status. Let us first see how to check allotment status on the BSE website.

How to check Aelea Commodities IPO allotment status on BSE website

This is a facility available to mainboard IPOs and BSE SME IPOs. You can access the allotment status of Aelea Commodities IPO on the website of BSE India as under. You can start by clicking on the link below or pasting it on the address bar.

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option
• Under Issue Name – Select Aelea Commodities  from the drop down box
• Enter the Application Number exactly as in the acknowledgement slip
• Enter the PAN (10-digit alphanumeric) number
• Once this is done, you need to click on the Captcha to verify that you are not a robot
• Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters i.e., either the application / CAF number or the PAN number of the investor.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Aelea Commodities allotted into your demat account. It is always advisable to save a screenshot of the allotment status output for subsequently verifying with the demat account credits on or after 19th July 2024. The stock of Aelea Commodities will appear in the demat account (if allotted) under ISIN Number (INE0T3401029).

Checking the allotment status of Aelea Commodities on Maashitla Securities

Visit the Maashitla Securities Private Limited (IPO registrar to Aelea Commodities website for IPO status by clicking on the link below:

https://maashitla.com/allotment-status/public-issues

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there is also a way to access this page via the home page of Maashitla Securities Private Ltd by clicking on the “Allotment Status” link displayed prominently on the home page. It all works the same.

This dropdown will show the active IPOs and also the IPOs that are being managed by the registrar but not yet active. However, you can access the online allotment status only after the allotment status is finalized for Aelea Commodities. At that point, you can go and select the company Aelea Commodities from the drop down box. The allotment status will be finalized on 18th July 2024, so in this case, you can access the details on the registrar website either late on 18th July 2024 or by middle of 19th July 2024. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO of Aelea Commodities.

•    Firstly, you can query for the application status based on your mapped Income Tax PAN number. Once you select PAN (permanent account number) radio button, enter your 10-digit PAN number, which is an alphanumeric code. The first 5 characters are alphabets, sixth to ninth characters are numerical while the last character is once again an alphabet. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Submit Button.

•    Secondly, you can query for the application status based on your Application Number / CAF Number. Once you select Application Number (radio button) from the dropdown menu, enter your application number as it is given in the CAF acknowledgement given to you. Double check to ensure that you are entering the right application number. Once the application number is entered and verified, ensure to click the Submit Button to get the allotment status output.

•    Thirdly, you can also search by Beneficiary ID of your demat account. You have to then enter the combination of the DP id and the Client id as one single string. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. Just enter the combination of DP id and customer id as it is. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Submit Button in both cases.

You can follow any of the options above. The IPO status with number of shares of Aelea Commodities allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 19th July 2024 or after that. These shares would be credited to your demat account under the following details (ISIN - INE0T3401029). 

It must be noted here that, in the past, Maashitla Securities Private Ltd (the registrar to the issue) had briefly discontinued offering the allotment status based on application number / CAF number. That has now been commenced again and applicants in the IPO can now also query by application number / CAF; apart from the PAN number and the Demat account details. The investor can choose the facility that is most convenient to them.

In case you have any issues with the output or any complaint, you can reach out to Maashitla Securities (registrars to the issue) by email of phone. You can send an email with your complaint details to investor.ipo@maashitla.com or you can also call 011-4512-1795 and explain the issue after appropriately authenticating yourself.

Allotment quota for different category of investors

Here is a quick look at how the allocation was made across different categories of investors. This is the first factor that impacts the investor’s chances of allotment in the IPO.

Data Source: Company RHP

The issue size, net of the market maker quota, has been divided between the QIB investors, retail investors and the HNI / NII investors. On July 11th, 2024, the company made an anchor allocation of 15,28,800 shares to anchor investors at the upper band price. The anchor portion was carved out of the QIB portion, as a result of which the QIB quota available in the IPO was reduced from 47.47% to 19.00%. The stock will list on the stock exchanges on the third working day after the closure of the IPO. You can check the number of shares available for your specified quota which gives an idea of the chances of allotment at the outset itself. 

Aelea Commodities IPO subscription Status

The response to the IPO of Aelea Commodities was very strong and it was subscribed 195.90X overall at the close of bidding on 16th July 2024 with the Retail segment seeing 164.95 times subscription and the HNI / NII portion seeing 390.23 times subscription. Even the QIB portion saw a robust subscription of 104.22X in the IPO of Aelea Commodities. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 16th July 2024.

Data Source: BSE

The oversubscription numbers are exclusive of the market maker portion, which is intended to provide liquidity with low bid-ask spreads for the investors and it is also exclusive of the anchor allocation portion. Excluding them, gives a proper picture of the extent of oversubscription of the public portion of the IPO. The subscription numbers are very strong, which would logically reduce chances of getting an allotment.

Aelea Commodities – About the IPO

The stock of Aelea Commodities has a face value of ₹10 per share and it is a book building issue. The price band for the book building issue is set in the range of ₹91 to ₹95 per share. The final price will be discovered in this price band only. The IPO of Aelea Commodities has only a fresh issue component and no offer for sale (OFS) component in the public issue. While the fresh issue portion is EPS dilutive and equity dilutive, OFS is just a transfer of ownership and  hence it is neither EPS dilutive nor is it equity dilutive. As part of the fresh issue portion of the IPO, Aelea Commodities will issue a total of 53,68,800 shares (53.69 lakh shares approximately), which at the upper band IPO price of ₹95 per share aggregates to fresh fund raising of ₹51.00 crore. Since there is no offer for sale, the fresh issue of shares will also double up as the total issue size. As a result, the overall IPO size will also comprise of the issue of a total of 53,68,800 shares (53.69 lakh shares approximately) which at the upper band of the IPO price at ₹95 per share will aggregate to overall IPO size of ₹51.00 crore.

Like every SME IPO, this issue also has a market making portion with a market maker inventory allocation of 2,68,800 shares. SS Corporate Securities Ltd will be the market maker to the issue. The market maker provides two-way quotes to ensure liquidity on the counter and low basis costs, post listing. The company has been promoted by Hozefa S Jawadwala, Satyanarayan Patro, Ashok Patel, Firoz Gulamhusein Hathiyari, Rashida Hozefa Jawadwala, Sonali Malla, Sumita A Patel, and Farida Firoz Hathiyari. The promoter holding in the company currently stands at 86.45%. However, post the fresh issue of shares in the IPO, the promoter equity holding share will get diluted to 63.66%. The fresh issue funds will be used by the company towards setting up a new processing plant, purchase of plant & machinery for existing and new units. Part of the funds will also be used for general corporate purposes. Ekadrisht Capital Private Ltd will be the lead manager to the issue, and Maashitla Securities Private Ltd will be the registrar to the issue. The market maker for the issue is SS Corporate Securities Ltd. The IPO of Aelea Commodities will be listed on the SME IPO segment of the BSE.

Next steps after the closure of the IPO of Aelea Commodities

The issue opened for subscription on 12th July 2024 and closes for subscription on 16th July 2024 (both days inclusive). The basis of allotment will be finalized on 18th July 2024 and the refunds will be initiated on 19th July 2024. In addition, the demat credits are expected to also happen on 19th July 2024 and the stock will list on 22nd July 2024 on the BSE SME IPO segment. The credits to the demat account to the extent of shares allotted will happen by the close of 19th July 2024 under ISIN (INE0T3401029).

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting allotment. Normally, higher the subscription ratio, lower the chances of allotment and vice versa. In this case, the subscription levels have been fairly strong in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of allotment is finalized.