Aelea Commodities IPO

Incorporated in 2018, Aelea Commodities Limited is engaged in the trading of agricultural products. The company is mainly involved in processing and trading cashews. The company also trade other goods such as sugar, pulses, soybean, rice, and wheat flour. The company imports Raw Cashew Nuts (RCN) from various African nations, including Benin, Tanzania, Burkina Faso, Senegal, and Cote d'Ivoire. Additionally, it trades in by-products from sugar mills, such as Bagasse. The company's clients are based in Rajasthan, Karnataka, Gujrat, Mumbai, etc. globally, most customers are situated in Dubai and Sri Lanka. The company's processing unit is situated in Surat, Gujarat, and it is setting up another processing unit in Taluka district, Surat, Gujarat. As of December 31, 2023, the company has 48 permanent employees across various departments.

The company proposes to use the Net Proceeds from the Issue to fund the following objects: Setting up a new manufacturing unit and installing Plant and machinery thereon; Purchasing Plant and Machinery at an existing manufacturing unit; General Corporate Purposes.

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