Phoenix Overseas Limited IPO Details
The Phoenix Overseas Limited IPO is a book build issue with a total issue size of ₹36.03 cr, comprising of fresh issue of 4580000 equity shares., and a offer for sale of 1050000 equity shares. Phoenix Overseas Limited IPO opened for subscription on Sep 20, 2024 and closed on Sep 24, 2024. Phoenix Overseas Limited IPO is set price band at ₹61 to ₹64 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹256,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 25, 2024, and listed on the NSE on Sep 27, 2024.
Cameo Corporate Services Limited has been appointed as the registrar. Khandwala Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Phoenix Overseas Limited IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 61 – 64
- Lot Size
- 2000
- Issue Size
- ₹36.03 Cr
- Minimum Investment
- ₹256000 (4000 Shares)
- Listing Date
- 27 September 2024
Current GMP
₹15 (+23.44%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Khandwala Securities Limited
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 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.
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 per share.
Phoenix Overseas Limited IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
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.
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.
Phoenix Overseas Limited IPO issue size is ₹36.03 crores.
Phoenix Overseas Limited IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.