Phoenix Overseas IPO Date, Review, Price, Allotment Details

Phoenix Overseas IPO is opening for subscription on September 20, 2024, and closing on September 24, 2024. This NSE SME IPO aims to raise ₹36.06 Crores, which consists of ₹29.31 Cr fresh issueand ₹6.72 Cr offer for sale of 1,050,000 equity shares, each with a face value of ₹10. The price band for the Phoenix Overseas IPO is fixed at ₹61 – ₹64 Per Share, with a market lot of 2000 share.The allocation for this IPO is as follows: 42% for retail investors, 43% for QIBs, and 15% for high-net-worth individuals (HNI). Phoenix Overseas IPO Allotment will done on September 25, 2024, and Phoenix Overseas IPO listing date is September 27, 2024.

 

Phoenix Overseas Company Profile

Phoenix Overseas Limited is a West Bengal-based company involved in the trading and marketing of agricultural products and commodities, including animal feeds. The company has established a strong presence in both the domestic and international markets, exporting agricultural produce and importing essential food items to meet the growing demand in India and neighboring countries.

Core Business Activities

Phoenix Overseas specializes in the following business segments:

1. Agricultural Commodities: The company trades a variety of agricultural produce such as corn, oil cakes, spices (dry red chilies, coriander, cumin seeds), food grains (rice, wheat, corn, sorghum), pulses, and lentils. These commodities are crucial for both domestic consumption and export to various countries, particularly in Asia.
2. Animal Feeds: One of the company’s major lines of business involves marketing animal feeds like soya bean meal and rice bran de-oiled cake. These feeds are essential for the poultry and livestock sectors, both of which are rapidly expanding in India and abroad.
3. Import of Pulses: Phoenix Overseas imports lentils, black urad dal, and tur dal into India in bulk quantities. Pulses are a staple in Indian diets, and the company’s expertise in sourcing them from global markets has been pivotal in meeting local demand.
4. Exports to Neighboring Countries: The company serves export markets, particularly Bangladesh and other Asian countries, where there is a high demand for quality agricultural produce.

Manufacturing and Export of Fashion Accessories

Phoenix Overseas is not limited to agricultural products. The company has diversified into manufacturing and exporting fashion accessories such as bags, wallets, and purses. The products are made from materials like jute, cotton, canvas, and leather, catering to eco-friendly consumer trends.

Their fashion accessories are primarily manufactured for clients in European countries such as France, Italy, and Germany, as well as markets in Australia and the UAE. Products include:

• Purses and wallets
• Shopping bags
• Fashion bags

 

Phoenix Overseas IPO GMP

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Phoenix Overseas IPO Objectives

The funds raised through the IPO will be utilized for:

1. Funding working capital requirements
2. Pursuing inorganic growth initiatives
3. General corporate purposes

 

Phoenix Overseas IPO Key Details

• Phoenix Overseas IPO Open Date: September 20, 2024
• Phoenix Overseas IPO Close Date: September 24, 2024
• Phoenix Overseas IPO Size: Approximately ₹36.06 Crores, 1,050,000 Equity Shares
• Face Value: ₹10 Per Equity Share
• Phoenix Overseas IPO Price Band: ₹61 – ₹64 Per Equity Share
• Phoenix Overseas IPO Listing on: NSE SME IPO
• Retail Quota: 42% of the net offer
• QIB Quota: 43% of the net offer
• HNI Quota: 15% of the net offer

 

Phoenix Overseas IPO Timeline

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

 

How to Apply for Phoenix Overseas IPO

Investors can apply for the Phoenix Overseas IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Phoenix Overseas Financial Performance (in Crores)

• Year 2022: Revenue ₹378.28, Expense ₹368.71, PAT ₹3.91, Assets ₹94.81
• Year 2023: Revenue ₹451.32, Expense ₹439.33, PAT ₹3.71, Assets ₹146.86
• Year 2024: Revenue ₹549.15, Expense ₹536.18, PAT ₹5.38, Assets ₹131.63

 

Phoenix Overseas Valuation FY2024

• Return on Equity (ROE):74%
• Return on Capital Employed (ROCE):28%
• EBITDA Margin:37%
• PAT Margin:98%
• Debt to Equity Ratio:59
• Earnings Per Share (EPS): ₹11.17 (Basic)
• Price/Earnings (P/E) Ratio:20
• Return on Net Worth (RoNW):74%
• Net Asset Value (NAV): ₹101.83

 

Phoenix Overseas Peer Group

• N/A

 

Phoenix Overseas Company Promoters

• Aparesh Nandi
• Jayanta Kumar Ghosh
• Uday Narayan Singh
• BCPL Railway Infrastructure Limited
• AN Dealers LLP
• JKG Commercial LLP
• UNS Commercial LLP
• Tricon Logistics Engineering Consultancy Private Limited
• Kanhai Singh Welfare Trust

 

Phoenix Overseas IPO Registrar

Cameo Corporate Services Limited
Subramanian Building # 1, Club House Road,
Chennai 600 002 – India
Website: https://ipo.cameoindia.com/
Phone: +91-44-28460390
Email: priya@cameoindia.com

Phoenix Overseas IPO Allotment Status Check

• Check the Phoenix Overseas IPO allotment status on the Cameo Corporate Serviceswebsite.

 

Phoenix Overseas IPO Allotment Link

• Check the Phoenix Overseas IPO allotment on the Check Ipo Allotment website.

 

Phoenix Overseas IPO Lead Managers (Merchant Bankers)

• Khandwala Securities Limited

Phoenix Overseas Company Address

13B Bidhan Sarani
Amherst St~
Kolkata~-700006
,West Bengal- India
Website: https://www.phxglobal.net/
Phone: +913322198752
Email: cs@phxglobal.net

Phoenix Overseas IPO FAQs

What is Phoenix Overseas IPO?

Phoenix Overseas IPO is an NSE SME IPO. They are going to raise ₹36.06 Crores via IPO. The issue is priced at ₹61 – ₹64 Per equity share. The IPO is to be listed on NSE.

 

When will the Phoenix Overseas IPO open?

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

 

What is Phoenix Overseas IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Phoenix Overseas IPO?

You can apply for Shelter Finance 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.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Phoenix Overseas IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Phoenix Overseas IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Phoenix Overseas IPO Size?

Phoenix Overseas IPO size is ₹36.06 Crores.

 

What is Phoenix Overseas IPO Price Band?

Phoenix Overseas IPO Price Band is ₹61 – ₹64 Per equity share.

 

What is Phoenix Overseas IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 share with ₹128,000.

 

What is Phoenix Overseas IPO Allotment Date?

Phoenix Overseas IPO allotment date is September 25, 2024.

 

What is Phoenix Overseas IPO Listing Date?

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