Phoenix Overseas IPO Date, Review, Price, Allotment Details

Phoenix Overseas IPO open date is September 20, 2024 and the IPO will close on September 24, 2024. Phoenix Overseas IPO is a Book Built Issue. The company to raise around ₹36.03 crores via IPO that comprises fresh issue of ₹29.31 crores and offer for sale up to 1,050,000 equity shares with face value of ₹10 each.

Phoenix Overseas IPO price band is ₹61 to ₹64 per share. The retail quota is 42%, QIB is 15%, and HNI is 43%. Phoenix Overseas IPO to list on NSE SME on September 27, 2024. The allotment of Phoenix Overseas IPO date is September 25, 2024.

The company reported revenue of ₹549.15 crores in 2024 against ₹451.32 crore in 2023. The company reported profit of ₹5.50 crores in 2024 against profit of ₹3.75 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Phoenix Overseas IPO

Table of Contents


Phoenix Overseas IPO Details

IPO Open Date:September 20, 2024
IPO Close Date:September 24, 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%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Phoenix Overseas IPO IPO Market Lot

The Phoenix Overseas IPO minimum market lot is 2000 shares with ₹128,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹128,000
Retail Maximum12000₹128,000
HNI Minimum24,000₹256,000

Phoenix Overseas IPO Dates

The Phoenix Overseas IPO date is September 20 and the close date is September 24. The Phoenix Overseas IPO allotment will be finalized on September 25 and the IPO listing on September 27.

IPO Open Date:September 20, 2024
IPO Close Date:September 24, 2024
Basis of Allotment:September 25, 2024
Refunds:September 26, 2024
Credit to Demat Account:September 26, 2024
IPO Listing Date:September 27, 2024

Promoters of Phoenix Overseas IPO

The promoters of the company 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.

About Phoenix Overseas IPO

West Bengal-based Phoenix Overseas Limited is engaged in the business of trading and marketing animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. They are also doing business importing lentils, black urad dal, and tur dal in India in bulk quantities. They have covered Bangladesh and other Asian Countries. The company is recognized as a Three Star Export house by the Ministry of Commerce and Industry, Govt. of India on the date of 1st October 2023 and this recognition is valid for 5 (Five) years. On the other side, the company is engaged in manufacturing bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE, and also in Australia. Purses, wallets, shopping, and fashion bags are manufactured by this company for our clients.

They are also in the B2B sector such as doing traders, dealing majorly in corn/maize and oil cakes. They maintain stocks and distribute them to different institutional parties. The company has the best manufacturing facility in Sodhpur, Kolkata. With long years of experience, the company is providing good quality and competitive pricing, the group is constantly moving up the import-export ladder of the global market.

Phoenix Overseas IPO Company Financial Report

The company reported revenue of ₹549.15 crores in 2024 against ₹451.32 crores in 2023. The company reported a profit of ₹5.50 crores in 2024 against a profit of ₹3.75 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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:17.20
Return on Net Worth (RoNW):10.74%
Net Asset Value (NAV):₹101.83

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
NANANANANA– Cr.
NANANANANA– Cr.

Objects of the Issue

  • Funding the working capital requirements
  • Pursuing inorganic growth initiatives
  • General corporate purposes

Phoenix Overseas IPO Review

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Phoenix Overseas IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
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: [email protected]
Website: https://www.phxglobal.net/

Phoenix Overseas IPO FAQs

What is Phoenix Overseas IPO?

Phoenix Overseas IPO is a SME IPO. The company is going to raise ₹36.03 Crores via IPO. The issue is priced at ₹61 to ₹64 pr equity share. The IPO is to be listed on NSE.

When Phoenix Overseas IPO will open for subscription?

The IPO is to open on September 20, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 24, 2024.

What is Phoenix Overseas IPO Investors Portion?

The investors’ portion for QIB is 15%, NII is 43%, and Retail is 42%.

How to Apply the Phoenix Overseas IPO?

You can apply for Phoenix Overseas IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Phoenix Overseas IPO Issue Size?

Phoenix Overseas IPO issue size is ₹36.03 crores.

What is Phoenix Overseas IPO Price Band?

Phoenix Overseas IPO Price Band is ₹61 to ₹64.

What is Phoenix Overseas IPO Lot Size?

The minimum bid is 2000 Shares with ₹128,000 amount.

What is the Phoenix Overseas IPO Allotment Date?

Phoenix Overseas IPO allotment date is September 25, 2024.

What is the Phoenix Overseas IPO Listing Date?

Phoenix Overseas IPO listing date is September 27, 2024. The IPO is to list on NSE.

Note: The Phoenix Overseas IPO price band and date are officially announced. The (Phoenix Overseas IPO grey market premium) will be added to the IPO GMP page as it will start).
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