Phoenix Overseas Limited IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 20 Sep 2024
Close Date
Tue, 24 Sep 2024
Price Band
₹ 61 – 64
Lot Size
2000
Issue Size
₹ 36.03 Cr
Minimum Investment
₹ 256,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Phoenix Overseas Limited IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹36.03 Crore, comprising a fresh issue of 45.80 Lakh equity shares aggregating to ₹29.31 Crore and an offer for sale (OFS) of 10.50 Lakh equity shares aggregating to ₹6.72 Crore by the existing shareholders.
The Phoenix Overseas Limited IPO remained open for subscription from September 20, 2024, to September 24, 2024. The basis of allotment was finalized on September 25, 2024, and the company's shares were listed on NSE SME Platform on September 27, 2024.
The company had fixed the price band at ₹61 to ₹64 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹256,000 (based on the upper price band) to apply for one lot.
Cameo Corporate Services Limited served as the registrar to the issue. Khandwala Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Phoenix Overseas Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Phoenix Overseas Limited IPO Timeline (Tentative)
- IPO Open Date
- Fri, 20 Sep 24
- IPO Close Date
- Tue, 24 Sep 24
- Basis of Allotment
- Wed, 25 Sep 24
- Initiation of Refunds
- Thu, 26 Sep 24
- Credit of Shares to Demat
- Thu, 26 Sep 24
- Listing Date
- Fri, 27 Sep 24 — NSE & BSE
Open Date
20 September 2024
Close Date
24 September 2024
Basis Of Allotment
25 September 2024
Listing Date
27 September 2024
IPO Subscription
Check Live Subscription →The Phoenix Overseas Limited IPO has received bids for 64,80,62,000 shares against 54,34,000 shares offered, resulting in an overall subscription of 119.26x. the NII category is subscribed 109.8x, Retail Investors 148.43x, and QIBs 65.74x.
QIB
65.74x
NII
109.8x
RII
148.43x
Total
119.26x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 22,46,000 shares, representing 39.89% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,02,000 shares (14.25%), while Non-Institutional Investors (NIIs) receive 23,86,000 shares (42.38%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 196,000 | 3.48% |
| Qualified Institutions | 802,000 | 14.25% |
| Non-Institutional | 2,386,000 | 42.38% |
| Retail Investors | 2,246,000 | 39.89% |
| Total | 5,630,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Phoenix Overseas Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 10.74 |
| ROCE % | 15.28 |
| Debt / Equity | 0.59 |
| RoNW % | 10.74 |
| Pat Margin % | 0.98 |
Peers Comparison
No Peer Comparision Available
About Phoenix Overseas Limited
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.
Phoenix Overseas Limited IPO 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%
Phoenix Overseas Limited IPO Objective
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
Phoenix Overseas Limited Address / Contact Details
Phoenix Overseas Limited
13B Bidhan Sarani Amherst St,
Kolkata,-700006
Phone: +913322198752
Email: cs@phxglobal.net
Website: https://www.phxglobal.net
IPO Snapshot
Phoenix Overseas Limited IPO Lot Size
The Phoenix Overseas Limited IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,28,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,28,000.
| 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 |
Issue Reservation
- Market Maker — 3.48%
- QIB — 14.25%
- NII — 42.38%
- RII — 39.89%
Book Running Lead Managers
- Khandwala Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Phoenix Overseas Limited IPO?
Phoenix Overseas Limited IPO is a Book-building IPO with a total issue size of ₹36.03 crore. The Phoenix Overseas Limited IPO price band is ₹61 to 64 per share. The Phoenix Overseas Limited IPO subscription opens on Fri, Sep 20, 2024, and closes on Tue, Sep 24, 2024. The Phoenix Overseas Limited IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the Phoenix Overseas Limited IPO.
When will the Phoenix Overseas Limited IPO open for subscription?
The Phoenix Overseas Limited IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024
What is Phoenix Overseas Limited IPO Price Band?
Phoenix Overseas Limited IPO Price Band is ₹61 to 64 per share.
What is Phoenix Overseas Limited IPO Lot Size?
Phoenix Overseas Limited IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
What is the minimum investment for Phoenix Overseas Limited IPO?
The minimum investment for Phoenix Overseas Limited IPO is ₹256000, based on one lot of 2000 shares at the upper price band of ₹64 per share.
How to apply for Phoenix Overseas Limited IPO?
Investors can apply for the Phoenix Overseas Limited IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 24, 2024. The application amount remains blocked until the Phoenix Overseas Limited IPO allotment is finalized.
What is Phoenix Overseas Limited IPO Issue Size?
Phoenix Overseas Limited IPO issue size is ₹36.03 crores.
What is the Phoenix Overseas Limited IPO Allotment Date?
Phoenix Overseas Limited IPO allotment date is Wed, Sep 25, 2024.
Who is the Phoenix Overseas Limited IPO Registrar?
The registrar for Phoenix Overseas Limited IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check Phoenix Overseas Limited IPO allotment status, refund processing, and other IPO-related information.
What is the Phoenix Overseas Limited IPO GMP?
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 23.44% over the issue price.
Who is the Phoenix Overseas Limited IPO Lead Manager?
The book-running lead managers (BRLMs) for the Phoenix Overseas Limited IPO are Khandwala Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Phoenix Overseas Limited IPO Red Herring Prospectus (RHP).