September 26, 2024
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Phoenix Overseas IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years. India`s Oldest Investment & IPO website.
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Table of Contents
Phoenix Overseas IPO listing Review
Phoenix Overseas IPO allotment Link
Subscription status of Phoenix Overseas IPO
Will update soon
What is the business of Phoenix Overseas?Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities. Its product offerings include:
- Corn/Maize
- Oil Cakes
- Spices: Dry red chillies, coriander, cumin seeds
- Food Grains: Tea, pulses, soya bean meal
- Rice Bran De-Oiled Cake
Manufacturing Excellence: In addition to trading, Phoenix Overseas Limited excels in the manufacturing of high-quality bags and fashion accessories. Our product range includes:
- Bags: Jute, cotton, canvas, leather
- Fashion Accessories: Purses, wallets, shopping bags
Its manufacturing facility, located in Sodhpur, Kolkata, supports its global client base, which spans across European countries such as France, Italy, and Germany, as well as the UAE and Australia. Competitive Advantages:
- Agro Commodities Trading: Its robust trading model allows it to adapt swiftly between exports and imports based on market demand and commodity pricing, ensuring optimal supply chain management.
- Established Partnerships: It maintains long-term relationships with both national and international clients, demonstrating our reliability and industry expertise.
Team and Operations: As of September 2024, Phoenix Overseas Limited employs 29 full-time staff members and 3 contractual employees, including its directors, who oversee various business functions and drive its operational success.
Phoenix Overseas IPO Details |
|
| IPO opens on | 20 September 2024 |
| IPO closes on | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5630,000 Shares / Rs 36.03 Crore |
| * Fresh Issue | 4580,000 Shares / Rs 29.31 Crore |
| * Offer for Sale – | 1050,000 shares / Rs. 6.72 crore |
| Market Maker Portion | 196,000 Shares |
| Net offer to Public | 5434,000 Shares/ Rs.34.78 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.61-64 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2717,000 | 17.39 |
| NII (15%) | 815,100 | 5.22 |
| RII (35%) | 1901,900 | 12.17 |
| Total Shares | 5434,000 | 34.78 |
| Retail portion will be oversubscribed by | 951 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.128,000 |
| Min HNI Application | 4000 Shares | Rs.256,000 |
Who are the Promoters of Phoenix Overseas IPO?
The company’s promoters are Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP and Tricon Logistics Engineering Consultancy Private Limited and Kanhai Singh Welfare Trust.
What are the Objects of Phoenix Overseas IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
Funding the working capital requirements
Pursuing inorganic growth initiatives
General corporate purposes
Tentative timetable |
|
| IPO opens on | 20 September 2024 |
| IPO Closes on | 24 September 2024 |
| IPO Allotment on | 25 September 2024 |
| Refund Initiation | 26 September 2024 |
| Credit of Shares | 26 September 2024 |
| Listing on | 27 September 2024 |
|
Registered Office of the Company Phoenix Overseas Limited |
|
Who is the Lead Manager of this IPO? Khandwala Securities Limited |
|
Who is the Registrar to IPO? Cameo Corporate Services Limited |
Phoenix Overseas IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Phoenix Overseas IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 378.28 | 3.91 | – | – |
| 2022-23 | 451.32 | 3.75 | – | – |
| 2023-24 | 549.15 | 5.50 | 3.72 | 10.74 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 64 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 17.18 |
| Price/BV Ratio | |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Phoenix Overseas IPO Review
Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities.
Size: Net size of the IPO is Rs.34.78 crore, comprising of 5434,000 shares. The size of the IPO is not very large and so reasonable oversubscription can be achieved smoothly.
Financial Snapshot: The company has shown good profits during last 3 years. The shares are offered at reasonable valuation.
Quicklinks
Phoenix Overseas IPO GMP today allotment, review?
Phoenix Overseas IPO GMP grey market premium
Phoenix Overseas IPO FAQs
What is Phoenix Overseas IPO?
This is a SME IPO of 5434,000 equity shares of the face value of Rs. 10 aggregating up to Rs.34.78 Crores. The issue is priced at Rs.61-64 per share. The minimum order quantity is 2000 Shares.
When will Phoenix Overseas IPO subscription open?
Phoenix Overseas IPO opens on September 19, 2024, and closes on September 23, 2024.
What is the lot size of Phoenix Overseas IPO?
Phoenix Overseas IPO lot size is 2000 Shares, and the minimum amount required is Rs.128,000
How to apply for Phoenix Overseas IPO?
You can apply in Phoenix Overseas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Phoenix Overseas IPO allotment?
The finalization of Basis of Allotment for Phoenix Overseas IPO will be done on September 24 2024, and the allotted shares will be credited to your demat account by September 25, 2024.
When is Phoenix Overseas IPO listing date?
Phoenix Overseas IPO listing date is September 26, 2024.
Subscription status of Phoenix Overseas IPO
Will update soon
What is the business of Phoenix Overseas?Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities. Its product offerings include:
- Corn/Maize
- Oil Cakes
- Spices: Dry red chillies, coriander, cumin seeds
- Food Grains: Tea, pulses, soya bean meal
- Rice Bran De-Oiled Cake
Manufacturing Excellence: In addition to trading, Phoenix Overseas Limited excels in the manufacturing of high-quality bags and fashion accessories. Our product range includes:
- Bags: Jute, cotton, canvas, leather
- Fashion Accessories: Purses, wallets, shopping bags
Its manufacturing facility, located in Sodhpur, Kolkata, supports its global client base, which spans across European countries such as France, Italy, and Germany, as well as the UAE and Australia. Competitive Advantages:
- Agro Commodities Trading: Its robust trading model allows it to adapt swiftly between exports and imports based on market demand and commodity pricing, ensuring optimal supply chain management.
- Established Partnerships: It maintains long-term relationships with both national and international clients, demonstrating our reliability and industry expertise.
Team and Operations: As of September 2024, Phoenix Overseas Limited employs 29 full-time staff members and 3 contractual employees, including its directors, who oversee various business functions and drive its operational success.
Phoenix Overseas IPO Details |
|
| IPO opens on | 20 September 2024 |
| IPO closes on | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5630,000 Shares / Rs 36.03 Crore |
| * Fresh Issue | 4580,000 Shares / Rs 29.31 Crore |
| * Offer for Sale – | 1050,000 shares / Rs. 6.72 crore |
| Market Maker Portion | 196,000 Shares |
| Net offer to Public | 5434,000 Shares/ Rs.34.78 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.61-64 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2717,000 | 17.39 |
| NII (15%) | 815,100 | 5.22 |
| RII (35%) | 1901,900 | 12.17 |
| Total Shares | 5434,000 | 34.78 |
| Retail portion will be oversubscribed by | 951 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.128,000 |
| Min HNI Application | 4000 Shares | Rs.256,000 |
Who are the Promoters of Phoenix Overseas IPO?
The company’s promoters are Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP and Tricon Logistics Engineering Consultancy Private Limited and Kanhai Singh Welfare Trust.
What are the Objects of Phoenix Overseas IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
Funding the working capital requirements
Pursuing inorganic growth initiatives
General corporate purposes
Tentative timetable |
|
| IPO opens on | 20 September 2024 |
| IPO Closes on | 24 September 2024 |
| IPO Allotment on | 25 September 2024 |
| Refund Initiation | 26 September 2024 |
| Credit of Shares | 26 September 2024 |
| Listing on | 27 September 2024 |
|
Registered Office of the Company Phoenix Overseas Limited |
|
Who is the Lead Manager of this IPO? Khandwala Securities Limited |
|
Who is the Registrar to IPO? Cameo Corporate Services Limited |
Phoenix Overseas IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Phoenix Overseas IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 378.28 | 3.91 | – | – |
| 2022-23 | 451.32 | 3.75 | – | – |
| 2023-24 | 549.15 | 5.50 | 3.72 | 10.74 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 64 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 17.18 |
| Price/BV Ratio | |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Phoenix Overseas IPO Review
Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities.
Size: Net size of the IPO is Rs.34.78 crore, comprising of 5434,000 shares. The size of the IPO is not very large and so reasonable oversubscription can be achieved smoothly.
Financial Snapshot: The company has shown good profits during last 3 years. The shares are offered at reasonable valuation.
Quicklinks
Phoenix Overseas IPO GMP today allotment, review?
Phoenix Overseas IPO GMP grey market premium
Phoenix Overseas IPO FAQs
What is Phoenix Overseas IPO?
This is a SME IPO of 5434,000 equity shares of the face value of Rs. 10 aggregating up to Rs.34.78 Crores. The issue is priced at Rs.61-64 per share. The minimum order quantity is 2000 Shares.
When will Phoenix Overseas IPO subscription open?
Phoenix Overseas IPO opens on September 19, 2024, and closes on September 23, 2024.
What is the lot size of Phoenix Overseas IPO?
Phoenix Overseas IPO lot size is 2000 Shares, and the minimum amount required is Rs.128,000
How to apply for Phoenix Overseas IPO?
You can apply in Phoenix Overseas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Phoenix Overseas IPO allotment?
The finalization of Basis of Allotment for Phoenix Overseas IPO will be done on September 24 2024, and the allotted shares will be credited to your demat account by September 25, 2024.
When is Phoenix Overseas IPO listing date?
Phoenix Overseas IPO listing date is September 26, 2024.
Subscription status of Phoenix Overseas IPO
Will update soon
What is the business of Phoenix Overseas?
Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities. Its product offerings include:
- Corn/Maize
- Oil Cakes
- Spices: Dry red chillies, coriander, cumin seeds
- Food Grains: Tea, pulses, soya bean meal
- Rice Bran De-Oiled Cake
Manufacturing Excellence: In addition to trading, Phoenix Overseas Limited excels in the manufacturing of high-quality bags and fashion accessories. Our product range includes:
- Bags: Jute, cotton, canvas, leather
- Fashion Accessories: Purses, wallets, shopping bags
Its manufacturing facility, located in Sodhpur, Kolkata, supports its global client base, which spans across European countries such as France, Italy, and Germany, as well as the UAE and Australia. Competitive Advantages:
- Agro Commodities Trading: Its robust trading model allows it to adapt swiftly between exports and imports based on market demand and commodity pricing, ensuring optimal supply chain management.
- Established Partnerships: It maintains long-term relationships with both national and international clients, demonstrating our reliability and industry expertise.
Team and Operations: As of September 2024, Phoenix Overseas Limited employs 29 full-time staff members and 3 contractual employees, including its directors, who oversee various business functions and drive its operational success.
Who are the Promoters of Phoenix Overseas IPO?
The company’s promoters are Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP and Tricon Logistics Engineering Consultancy Private Limited and Kanhai Singh Welfare Trust.
What are the Objects of Phoenix Overseas IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
Funding the working capital requirements
Pursuing inorganic growth initiatives
General corporate purposes
Phoenix Overseas IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Phoenix Overseas IPO Review
Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities.
Size: Net size of the IPO is Rs.34.78 crore, comprising of 5434,000 shares. The size of the IPO is not very large and so reasonable oversubscription can be achieved smoothly.
Financial Snapshot: The company has shown good profits during last 3 years. The shares are offered at reasonable valuation.
Quicklinks
Phoenix Overseas IPO FAQs
What is Phoenix Overseas IPO?
This is a SME IPO of 5434,000 equity shares of the face value of Rs. 10 aggregating up to Rs.34.78 Crores. The issue is priced at Rs.61-64 per share. The minimum order quantity is 2000 Shares.
When will Phoenix Overseas IPO subscription open?
Phoenix Overseas IPO opens on September 19, 2024, and closes on September 23, 2024.
What is the lot size of Phoenix Overseas IPO?
Phoenix Overseas IPO lot size is 2000 Shares, and the minimum amount required is Rs.128,000
How to apply for Phoenix Overseas IPO?
You can apply in Phoenix Overseas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Phoenix Overseas IPO allotment?
The finalization of Basis of Allotment for Phoenix Overseas IPO will be done on September 24 2024, and the allotted shares will be credited to your demat account by September 25, 2024.
When is Phoenix Overseas IPO listing date?
Phoenix Overseas IPO listing date is September 26, 2024.
Subscription status of Phoenix Overseas IPO
Will update soon
What is the business of Phoenix Overseas?Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities. Its product offerings include:
- Corn/Maize
- Oil Cakes
- Spices: Dry red chillies, coriander, cumin seeds
- Food Grains: Tea, pulses, soya bean meal
- Rice Bran De-Oiled Cake
Manufacturing Excellence: In addition to trading, Phoenix Overseas Limited excels in the manufacturing of high-quality bags and fashion accessories. Our product range includes:
- Bags: Jute, cotton, canvas, leather
- Fashion Accessories: Purses, wallets, shopping bags
Its manufacturing facility, located in Sodhpur, Kolkata, supports its global client base, which spans across European countries such as France, Italy, and Germany, as well as the UAE and Australia. Competitive Advantages:
- Agro Commodities Trading: Its robust trading model allows it to adapt swiftly between exports and imports based on market demand and commodity pricing, ensuring optimal supply chain management.
- Established Partnerships: It maintains long-term relationships with both national and international clients, demonstrating our reliability and industry expertise.
Team and Operations: As of September 2024, Phoenix Overseas Limited employs 29 full-time staff members and 3 contractual employees, including its directors, who oversee various business functions and drive its operational success.
Phoenix Overseas IPO Details |
|
| IPO opens on | 20 September 2024 |
| IPO closes on | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5630,000 Shares / Rs 36.03 Crore |
| * Fresh Issue | 4580,000 Shares / Rs 29.31 Crore |
| * Offer for Sale – | 1050,000 shares / Rs. 6.72 crore |
| Market Maker Portion | 196,000 Shares |
| Net offer to Public | 5434,000 Shares/ Rs.34.78 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.61-64 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2717,000 | 17.39 |
| NII (15%) | 815,100 | 5.22 |
| RII (35%) | 1901,900 | 12.17 |
| Total Shares | 5434,000 | 34.78 |
| Retail portion will be oversubscribed by | 951 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.128,000 |
| Min HNI Application | 4000 Shares | Rs.256,000 |
Who are the Promoters of Phoenix Overseas IPO?
The company’s promoters are Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP and Tricon Logistics Engineering Consultancy Private Limited and Kanhai Singh Welfare Trust.
What are the Objects of Phoenix Overseas IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
Funding the working capital requirements
Pursuing inorganic growth initiatives
General corporate purposes
Tentative timetable |
|
| IPO opens on | 20 September 2024 |
| IPO Closes on | 24 September 2024 |
| IPO Allotment on | 25 September 2024 |
| Refund Initiation | 26 September 2024 |
| Credit of Shares | 26 September 2024 |
| Listing on | 27 September 2024 |
|
Registered Office of the Company Phoenix Overseas Limited |
|
Who is the Lead Manager of this IPO? Khandwala Securities Limited |
|
Who is the Registrar to IPO? Cameo Corporate Services Limited |
Phoenix Overseas IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Phoenix Overseas IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 378.28 | 3.91 | – | – |
| 2022-23 | 451.32 | 3.75 | – | – |
| 2023-24 | 549.15 | 5.50 | 3.72 | 10.74 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 64 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 17.18 |
| Price/BV Ratio | |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Phoenix Overseas IPO Review
Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities.
Size: Net size of the IPO is Rs.34.78 crore, comprising of 5434,000 shares. The size of the IPO is not very large and so reasonable oversubscription can be achieved smoothly.
Financial Snapshot: The company has shown good profits during last 3 years. The shares are offered at reasonable valuation.
Quicklinks
Phoenix Overseas IPO GMP today allotment, review?
Phoenix Overseas IPO GMP grey market premium
Phoenix Overseas IPO FAQs
What is Phoenix Overseas IPO?
This is a SME IPO of 5434,000 equity shares of the face value of Rs. 10 aggregating up to Rs.34.78 Crores. The issue is priced at Rs.61-64 per share. The minimum order quantity is 2000 Shares.
When will Phoenix Overseas IPO subscription open?
Phoenix Overseas IPO opens on September 19, 2024, and closes on September 23, 2024.
What is the lot size of Phoenix Overseas IPO?
Phoenix Overseas IPO lot size is 2000 Shares, and the minimum amount required is Rs.128,000
How to apply for Phoenix Overseas IPO?
You can apply in Phoenix Overseas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Phoenix Overseas IPO allotment?
The finalization of Basis of Allotment for Phoenix Overseas IPO will be done on September 24 2024, and the allotted shares will be credited to your demat account by September 25, 2024.
When is Phoenix Overseas IPO listing date?
Phoenix Overseas IPO listing date is September 26, 2024.
Subscription status of Phoenix Overseas IPO
Will update soon
What is the business of Phoenix Overseas?Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities. Its product offerings include:
- Corn/Maize
- Oil Cakes
- Spices: Dry red chillies, coriander, cumin seeds
- Food Grains: Tea, pulses, soya bean meal
- Rice Bran De-Oiled Cake
Manufacturing Excellence: In addition to trading, Phoenix Overseas Limited excels in the manufacturing of high-quality bags and fashion accessories. Our product range includes:
- Bags: Jute, cotton, canvas, leather
- Fashion Accessories: Purses, wallets, shopping bags
Its manufacturing facility, located in Sodhpur, Kolkata, supports its global client base, which spans across European countries such as France, Italy, and Germany, as well as the UAE and Australia. Competitive Advantages:
- Agro Commodities Trading: Its robust trading model allows it to adapt swiftly between exports and imports based on market demand and commodity pricing, ensuring optimal supply chain management.
- Established Partnerships: It maintains long-term relationships with both national and international clients, demonstrating our reliability and industry expertise.
Team and Operations: As of September 2024, Phoenix Overseas Limited employs 29 full-time staff members and 3 contractual employees, including its directors, who oversee various business functions and drive its operational success.
Phoenix Overseas IPO Details |
|
| IPO opens on | 20 September 2024 |
| IPO closes on | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5630,000 Shares / Rs 36.03 Crore |
| * Fresh Issue | 4580,000 Shares / Rs 29.31 Crore |
| * Offer for Sale – | 1050,000 shares / Rs. 6.72 crore |
| Market Maker Portion | 196,000 Shares |
| Net offer to Public | 5434,000 Shares/ Rs.34.78 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.61-64 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (50%) | 2717,000 | 17.39 |
| NII (15%) | 815,100 | 5.22 |
| RII (35%) | 1901,900 | 12.17 |
| Total Shares | 5434,000 | 34.78 |
| Retail portion will be oversubscribed by | 951 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.128,000 |
| Min HNI Application | 4000 Shares | Rs.256,000 |
Who are the Promoters of Phoenix Overseas IPO?
The company’s promoters are Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP and Tricon Logistics Engineering Consultancy Private Limited and Kanhai Singh Welfare Trust.
What are the Objects of Phoenix Overseas IPO?
The Offer comprises of fresh issue of shares and also offer for sale.
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
Funding the working capital requirements
Pursuing inorganic growth initiatives
General corporate purposes
Tentative timetable |
|
| IPO opens on | 20 September 2024 |
| IPO Closes on | 24 September 2024 |
| IPO Allotment on | 25 September 2024 |
| Refund Initiation | 26 September 2024 |
| Credit of Shares | 26 September 2024 |
| Listing on | 27 September 2024 |
|
Registered Office of the Company Phoenix Overseas Limited |
|
Who is the Lead Manager of this IPO? Khandwala Securities Limited |
|
Who is the Registrar to IPO? Cameo Corporate Services Limited |
Phoenix Overseas IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Phoenix Overseas IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 378.28 | 3.91 | – | – |
| 2022-23 | 451.32 | 3.75 | – | – |
| 2023-24 | 549.15 | 5.50 | 3.72 | 10.74 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 64 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 17.18 |
| Price/BV Ratio | |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
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Phoenix Overseas IPO Review
Founded in December 2002, Phoenix Overseas Limited is a leading B2B trading company specializing in the import and export of animal feeds, agricultural produce, and a wide range of commodities.
Size: Net size of the IPO is Rs.34.78 crore, comprising of 5434,000 shares. The size of the IPO is not very large and so reasonable oversubscription can be achieved smoothly.
Financial Snapshot: The company has shown good profits during last 3 years. The shares are offered at reasonable valuation.
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Phoenix Overseas IPO FAQs
What is Phoenix Overseas IPO?
This is a SME IPO of 5434,000 equity shares of the face value of Rs. 10 aggregating up to Rs.34.78 Crores. The issue is priced at Rs.61-64 per share. The minimum order quantity is 2000 Shares.
When will Phoenix Overseas IPO subscription open?
Phoenix Overseas IPO opens on September 19, 2024, and closes on September 23, 2024.
What is the lot size of Phoenix Overseas IPO?
Phoenix Overseas IPO lot size is 2000 Shares, and the minimum amount required is Rs.128,000
How to apply for Phoenix Overseas IPO?
You can apply in Phoenix Overseas IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Phoenix Overseas IPO allotment?
The finalization of Basis of Allotment for Phoenix Overseas IPO will be done on September 24 2024, and the allotted shares will be credited to your demat account by September 25, 2024.
When is Phoenix Overseas IPO listing date?
Phoenix Overseas IPO listing date is September 26, 2024.
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