The Phoenix Overseas IPO is set to open on September 19, 2024, and will close on September 23, 2024. Through this Book Built Issue, the company aims to raise approximately ₹36.03 crores. The IPO includes a fresh issue worth ₹29.31 crores and an offer for sale of up to 1,050,000 equity shares, each with a face value of ₹10.
The price band for the IPO is between ₹61 and ₹64 per share. Retail investors have an allocation of 42%, Qualified Institutional Buyers (QIB) are allotted 15%, and High Net-worth Individuals (HNI) hold 43%. The company is expected to list on the NSE SME platform on September 26, 2024, with allotments finalized on September 24, 2024.
In terms of financial performance, Phoenix Overseas reported a revenue of ₹549.15 crores in 2024, an increase from ₹451.32 crores in 2023. Profits also grew, reaching ₹5.50 crores in 2024, up from ₹3.75 crores the previous year. With its robust financial growth, the IPO offers a strong long-term investment opportunity for potential investors.
Phoenix Overseas IPO Objectives:
The company intends to use the net proceeds from the IPO for the following purposes:
Funding working capital requirements
Supporting inorganic growth initiatives
General corporate purposes
Phoenix Overseas IPO Review: Should You Apply?
Review update coming soon.
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Phoenix Overseas IPO Date & Price Band:
| IPO Open Date: | September 19, 2024 |
| IPO Close Date: | September 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹61 to ₹64 Per Share |
| Issue Size: | Approx ₹36.03 Crores |
| Fresh Issue: | Approx ₹29.31 Crores |
| Offer for Sale: | Approx 1,050,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 42% |
| QIB Quota: | Not more than 15% |
| NII Quota: | Not more than 43% |
Phoenix Overseas IPO Lot Size:
The minimum lot size for the Phoenix Overseas IPO is 2,000 shares, with a required application amount of ₹1,28,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹ 1,28,000 |
| Retail Maximum | 1 | 2000 | ₹ 1,28,000 |
| HNI Minimum | 2 | 4,000 | ₹ 2,56,000 |
Phoenix Overseas IPO Timeline:
The Phoenix Overseas IPO will open on September 19 and close on September 23. The allotment will be finalized on September 24, and the company’s listing is scheduled for September 26.
| IPO Open Date: | September 19, 2024 |
| IPO Close Date: | September 23, 2024 |
| Basis of Allotment: | September 24, 2024 |
| Refunds: | September 25, 2024 |
| Credit to Demat Account: | September 25, 2024 |
| IPO Listing Date: | September 26, 2024 |
Phoenix Overseas IPO GMP Today:
Disclaimer: The GMP (Grey Market Premium) prices provided here are for informational purposes only, based on market news. We do not trade in or deal with the grey market, nor do we endorse or recommend grey market trading.
Promoters of Phoenix Overseas IPO:
The key promoters of Phoenix Overseas Limited are Aparesh Nandi, Jayanta Kumar Ghosh, and Uday Narayan Singh. They are supported by BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP, Tricon Logistics Engineering Consultancy Private Limited, and the Kanhai Singh Welfare Trust.
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About Phoenix Overseas IPO:
Phoenix Overseas Limited, headquartered in West Bengal, is involved in the trading and marketing of animal feed, agricultural produce, and commodities such as corn, oil cakes, and spices like dry red chilies, coriander, and cumin seeds. The company also deals in food grains like rice, wheat, sorghum, and tea, as well as pulses and agricultural feed, including soybean meal and rice bran de-oiled cake. In addition, Phoenix imports lentils, black urad dal, and tur dal in bulk for the Indian market, while also serving markets in Bangladesh and other Asian countries.
The company was recognized as a Three-Star Export House by the Ministry of Commerce and Industry, Government of India, on October 1, 2023, a designation valid for five years. Additionally, Phoenix Overseas manufactures a range of jute, cotton, canvas, and leather bags for men and women, along with other fashion accessories. Its clients are primarily based in countries like France, Italy, Germany, the UAE, and Australia. Phoenix produces purses, wallets, shopping bags, and fashion bags for its international clientele.
In the B2B sector, Phoenix Overseas focuses on trading corn/maize and oil cakes, maintaining stock and distributing to institutional clients. The company operates a state-of-the-art manufacturing facility in Sodhpur, Kolkata. With extensive industry experience, Phoenix continues to grow in the global import-export market by offering high-quality products at competitive prices.
Phoenix Overseas IPO Financial Report:
In 2024, the company reported a revenue of ₹549.15 crores, an increase from ₹451.32 crores in 2023. Phoenix also recorded a profit of ₹5.50 crores in 2024, up from ₹3.75 crores in the previous year.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹ 378.28 | ₹ 368.71 | ₹ 3.91 | ₹ 94.81 |
| 2023 | ₹ 451.32 | ₹ 439.33 | ₹ 3.71 | ₹ 146.86 |
| 2024 | ₹ 549.15 | ₹ 536.18 | ₹ 5.38 | ₹ 131.63 |
Phoenix Overseas IPO Valuation – FY2024
Check Phoenix Overseas IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 10.74% |
| ROCE: | 15.28% |
| EBITDA Margin: | 2.37% |
| PAT Margin: | 0.98% |
| Debt to equity ratio: | 0.59 |
| Earning Per Share (EPS): | ₹11.17 (Basic) |
| Price/Earning P/E Ratio: | 17.2 |
| Return on Net Worth (RoNW): | 10.74% |
| Net Asset Value (NAV): | ₹ 101.83 |
Phoenix Overseas IPO Registrar
- Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: priya@cameoindia.com
- Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
Khandwala Securities Limited
Company Address
- Phoenix Overseas Limited
- 13B Bidhan Sarani
- Amherst St,
- Kolkata,-700006
- Phone: +913322198752
- Email: cs@phxglobal.net
- Website: https://www.phxglobal.net/
Phoenix Overseas IPO FAQs
What is the Phoenix Overseas IPO?
Phoenix Overseas IPO is an SME IPO through which the company aims to raise ₹36.03 crores. The issue price is set between ₹61 and ₹64 per equity share, and it will be listed on the NSE.
When does the Phoenix Overseas IPO open for subscription?
The Phoenix Overseas IPO will open for subscription on September 20, 2024, for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors. It will close on September 24, 2024.
What is the investor allocation for the Phoenix Overseas IPO?
The allocation is divided as follows: 15% for QIB, 43% for NII, and 42% for Retail Investors.
How can I apply for the Phoenix Overseas IPO?
You can apply for the Phoenix Overseas IPO online via ASBA through your bank account or through UPI with your stock broker. Alternatively, you can submit an offline application form via your stock broker.
What is the issue size of the Phoenix Overseas IPO?
The total issue size is ₹36.03 crores.
What is the price band for the Phoenix Overseas IPO?
The price band is set between ₹61 and ₹64 per share.
What is the lot size for the Phoenix Overseas IPO?
The minimum lot size is 2,000 shares, requiring a total investment of ₹1,28,000.
When is the allotment date for the Phoenix Overseas IPO?
The allotment date is set for September 25, 2024.