Phoenix Overseas Limited IPO
Open SmeCurrent GMP
₹15 (+23.44%)
Price Band
₹ 61 – 64
Lot Size
2000
Issue Size
₹36.03 Cr
Minimum Investment
₹256000 (4000 Shares)
Listing Date
27 September 2024
Subscription
119.26x
About the Company
Phoenix Overseas, established in December 2002, specializes in trading and marketing animal feeds, agricultural products, and commodities, including corn, oil cakes, spices, food grains, tea, pulses, soya bean meal, and rice bran de-oiled cake. The company imports bulk lentils, black urad dal, and tur dal into India and operates as a B2B trading company with a primary focus on corn/maize and oil cakes.
In addition, Phoenix Overseas manufactures bags for men and women from materials such as jute, cotton, canvas, and leather, along with various fashion accessories for clients in European countries, the UAE, and Australia. Its manufacturing facility is located in Sodhpur, Kolkata, where it also produces purses, wallets, and other shopping and fashion bags for its clients.
Furthermore, Phoenix Overseas has diversified into the food preservation business by acquiring a multipurpose cold storage and potato storage facility with a combined capacity of approximately 11,827 MT through the merger of Phoenix Cold Storage Private Limited. As of September 2024, the company employs a total of 32 staff members, including directors and permanent and contractual employees, who oversee various business operations.
Promoters
- Aparesh Nandi
- Jayanta Kumar Ghosh
- Uday Narayan Singh
- BCPL Railway Infrastructure Limited
- AN Dealers LLP
- UNS Commercial LLP
- Tricon Logistics Engineering Consultancy Private Limited
- Kanhai Singh Welfare Trust
Promoters Holding
Holding Pre Issue
99.16%
Holding Post Issue
0.00%
Objects of the Issue
The company intends to allocate the net proceeds from the offering to the following objectives:
- Financing the working capital requirements
- Investing in inorganic growth opportunities
- Serving general corporate needs
Address / Contact Info
Phoenix Overseas Limited
13B Bidhan Sarani Amherst St,
Kolkata,-700006
Phone: +913322198752
Email: cs@phxglobal.net
Website: https://www.phxglobal.net
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 20 September 2024
IPO Close Date
Tuesday, 24 September 2024
Basis of Allotment
Wednesday, 25 September 2024
Initiation of Refunds
Thursday, 26 September 2024
Credit of Shares to Demat
Thursday, 26 September 2024
Listing Date
Friday, 27 September 2024 — NSE & BSE
Important Dates
Open Date
20 September 2024
Close Date
24 September 2024
Basis Of Allotment
25 September 2024
Listing Date
27 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 13162.58 | 14686.47 | 9480.59 |
| Revenue | 54915.1 | 45131.61 | 37828.19 |
| Profit After Tax | 549.93 | 375.48 | 391.36 |
| Net Worth | 5012.26 | 4570.52 | 4246.59 |
| Reserve & Surplus | 4520.06 | 4078.32 | 3754.39 |
| Total Borrowings | 2937.11 | 3447.24 | 2981.26 |
EPS Pre
3.72%
EPS Post
2.84%
P/E Pre
17.18
P/E (Post Issue)
22.51x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 10.74 |
| ROCE % | 15.28 |
| Debt / Equity | 0.59 |
| RoNW % | 10.74 |
| PbW | 0 |
| Pat Margin % | 0.98 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 196000 | 3.48 | 0 |
| Qualified Institutions | 802000 | 14.25 | 0 |
| Non-Institutional | 2386000 | 42.38 | 0 |
| Retail Investors | 2246000 | 39.89 | 0 |
| Total | 5630000 | 100 | 0 |
Subscription Status ( Tue, 24 Sep 24 12:17 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 802000 | 52724000 | 65.74x |
| Non-Institutional | 2386000 | 261974000 | 109.8x |
| Retail Investors | 2246000 | 333364000 | 148.43x |
| Total | 5434000 | 648062000 | 119.26x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 128,000.00 |
| Retail (Max) | 1 | 2,000 | 128,000.00 |
| S-HNI (Min) | 2 | 4,000 | 256,000.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Khandwala Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Phoenix Overseas Limited IPO is a Book-building IPO worth ₹36.03 crores. The price band is ₹61 to 64 per share. The IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Phoenix Overseas Limited IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024
Phoenix Overseas Limited IPO Price Band is ₹61 to 64.
Phoenix Overseas Limited IPO lot size is 2000, and the minimum amount required for application is ₹256000.
The minimum investment for Phoenix Overseas Limited IPO is approximately ₹256000 based on the upper price band.
To apply for the Phoenix Overseas Limited IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Sep 24, 2024. After submission, funds are blocked until the basis of allotment of Phoenix Overseas Limited IPO is finalised.
Phoenix Overseas Limited IPO issue size is ₹36.03 crores.
Phoenix Overseas Limited IPO allotment date is Sat, Jun 27, 2026.
The registrar for Phoenix Overseas Limited IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Phoenix Overseas Limited IPO through their official website or helpline.
The Phoenix Overseas Limited IPO GMP (Grey Market Premium) is ₹15 as of Fri, Sep 27, 2024. Based on the upper price band of ₹64 per share, the estimated Phoenix Overseas Limited IPO listing price is ₹79, indicating a potential listing gain of approximately 31% over the issue price.