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Phoenix Overseas Limited IPO
NSE SMEListed On: Sep 27, 2024 at ₹ 64.0
₹ 256000 /4000 Shares
*Min Investment
20 Sep, 2024
Open Date24 Sep, 2024
Close Date25 Sep, 2024
Allotment Date27 Sep, 2024
Listing DatePhoenix Overseas IPO Issue Details
- Issue Price ₹61-64 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 56,30,000 shares(aggregating up to ₹36.03 crore)
- Fresh Share 45,80,000 shares(aggregating up to ₹29.31 crore)
- Offer For Sale 10,50,000 shares(aggregating up to ₹6.72 crore)
- Listing at NSE SME
- List Price 64.0
- Listing Date 2024-09-27
- Lead Manager Khandwala Securities Limited
- Registrar Cameo Corporate Services Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,28,000 |
| Retail(max) | 1 | 2000 | ₹1,28,000 |
| NII (min) | 2 | 4,000 | ₹2,56,000 |
Phoenix Overseas IPO Reservation
Phoenix Overseas IPO offers total 56,30,000 shares. Out of which 8,02,000 (14.25%) allocated to QIB, 23,86,000 (42.38%) allocated to NII,22,46,000 (39.89%) allocated to RII, NA (NA%) allocated to employees and - (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - (NA%) | |
| Market Maker Shares Offered | 1,96,000 (3.48%) | |
| QIB Shares Offered | 8,02,000 (14.25%) | |
| NII (HNI) Shares Offered | 23,86,000 (42.38%) | |
| Retail Shares Offered | 22,46,000 (39.89%) | |
| Total Shares Offered | 56,30,000 (100%) |
Phoenix Overseas IPO Details
Phoenix Overseas Limited IPO is an SME IPO, priced at ₹61-64 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 56,30,000 equity shares, aggregating up to ₹36.03 crores..
The IPO bidding window is open from Sep 20, 2024 to Sep 24, 2024. The allotment is expected to be finalized on Sep 25, 2024, and the tentative listing date is Sep 27, 2024.
The minimum lot size for retail investors is 2000 shares, with a minimum investment of ₹1,28,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,56,000.
Khandwala Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and Nikunj Stock Brokers Limited will act as the market maker for this issue.
Phoenix Overseas IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 802,000 / 2,386,000 | 2,246,000 | 5,434,000 |
Day 1 20-09-24 06:00 PM | 1.07 / 0.20 x | 2.04 x | 1.09 x |
Day 2 23-09-24 06:00 PM | 1.07 / 6.43 x | 35.82 x | 17.79 x |
Day 3 24-09-24 06:00 PM | 65.91 / 114.74 x | 157.75 x | 125.52 x |
Phoenix Overseas Valuations
Phoenix Overseas Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 13,162.58 | 14,686.47 | 9,480.59 |
| Revenue | 54,915.1 | 45,131.61 | 37,828.19 |
| Profit After Tax | 549.93 | 375.48 | 391.36 |
| Net Worth | 5,012.26 | 4,570.52 | 4,246.59 |
| Reserves & Surplus | 4,520.06 | 4,078.32 | 3,754.39 |
| Total Borrowing | 2,937.11 | 3,447.24 | 2,981.26 |
About Phoenix Overseas Company
Incorporated in December 2002, Phoenix Overseas Limited is into trading and marketing of animal feeds, agricultural produce, and commodities like corn, oil cakes, spices including dry red chillies, coriander, cumin seeds, food grains, tea, pulses, soya bean meal, and rice bran de-oiled cake. The B2B trading company mainly deals in corn/maize and oil cakes.
The company manufactures bags for men and women made of jute, cotton, canvas, and leather and many other fashion accessories. Their clients are in European countries like France, Italy, Germany, the UAE, and also in Australia. The manufacturing facility of the company is at Sodhpur, Kolkata. The company also manufactures purses, wallets, and other shopping and fashion bags for their clients.
As of September 2024, the company had 29 employees and 3 contractual employees, including its directors, responsible for various business functions.
Phoenix Overseas - Promoter(s)
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.
Pre Issue Share Holding : 99.16%
Post Issue Share Holding : %
Phoenix Overseas IPO - Issue Objectives
Funding the working capital requirements
Pursuing inorganic growth initiatives
General corporate purposes
Contact Details
Phoenix Overseas
13B Bidhan Sarani Amherst St, Kolkata,-700006
+913322198752
Registrar Contact Details
Phoenix Overseas IPO - FAQs
Ans. Phoenix Overseas Limited IPO is a SME IPO. The issue is priced at ₹61-64 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 20, 2024, and closes on Sep 24, 2024. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Phoenix Overseas Limited IPO opens on Sep 20, 2024 and closes on Sep 24, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Phoenix Overseas Limited IPO is 5,630,000 shares(aggregating up to ₹36.03 Cr).
Ans. The Phoenix Overseas Limited IPO price band is set between ₹61-64 per equity share.
Ans. To apply for Phoenix Overseas Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Phoenix Overseas Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Phoenix Overseas Limited IPO is Sep 25, 2024.
Ans. The Phoenix Overseas Limited IPO will be listed on Sep 27, 2024.
Ans. Follow the steps to check the Phoenix Overseas Limited IPO allotment status online.
