Phoenix Overseas IPO Details: The Phoenix Overseas IPO will open on September 19, 2024, and close on September 23, 2024. This is a Book Built Issue through which the company aims to raise approximately ₹36.03 crores. The IPO consists of a fresh issue of ₹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 Phoenix Overseas IPO is set between ₹61 and ₹64 per share. The allocation for retail investors is 42%, while Qualified Institutional Buyers (QIB) are allotted 15%, and High Net-worth Individuals (HNI) hold 43%. The company is expected to be listed on the NSE SME platform on September 26, 2024, with the allotment date scheduled for September 24, 2024.
In terms of financial performance, Phoenix Overseas reported a revenue of ₹549.15 crores for 2024, up from ₹451.32 crores in 2023. The company also saw an increase in profit, reporting ₹5.50 crores in 2024, compared to ₹3.75 crores in the previous year. Given its strong financials, the IPO presents a promising long-term investment opportunity for interested investors.
Phoenix Overseas IPO Objectives:
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 Review (Apply or Not)
- Update soon
Phoenix Overseas IPO Date & Price Band Details:
| 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% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Phoenix Overseas IPO Lot Size:
The minimum market lot for the Phoenix Overseas IPO is 2,000 shares, requiring an application amount of ₹1,28,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹128,000 |
| Retail Maximum | 1 | 2000 | ₹128,000 |
| HNI Minimum | 2 | 4,000 | ₹256,000 |
Phoenix Overseas IPO Timeline:
The Phoenix Overseas IPO opens on September 19 and closes on September 23. The allotment will be finalized on September 24, with the listing set 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:
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
About Phoenix Overseas IPO
Phoenix Overseas Limited, based in West Bengal, operates in the trading and marketing of animal feed, agricultural produce, and commodities, including corn, oil cakes, and spices such as 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 like soybean meal and rice bran de-oiled cake. They also import lentils, black urad dal, and tur dal into India in bulk quantities, while covering markets in Bangladesh and other Asian countries.
Recognized as a Three-Star Export House by the Ministry of Commerce and Industry, Government of India, on October 1, 2023, this recognition is valid for five years. Additionally, Phoenix Overseas manufactures a variety of bags for men and women made from jute, cotton, canvas, and leather, as well as other fashion accessories. Their clients are based in European countries like France, Italy, Germany, the UAE, and Australia. The company produces purses, wallets, shopping bags, and fashion bags for its international clientele.
In the B2B sector, Phoenix Overseas primarily trades in corn/maize and oil cakes, maintaining stock and distributing to various institutional clients. Their state-of-the-art manufacturing facility is located in Sodhpur, Kolkata. With years of industry experience, the company continues to grow in the global import-export market by offering high-quality products at competitive prices.
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 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: | 17.20 |
| Return on Net Worth (RoNW): | 10.74% |
| Net Asset Value (NAV): | ₹101.83 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
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/
- When will the Phoenix Overseas IPO open and close?
The Phoenix Overseas IPO will open on September 19, 2024, and close on September 23, 2024. - What is the price band for the Phoenix Overseas IPO?
The price band for the IPO is set between ₹61 and ₹64 per share. - What is the minimum lot size for the Phoenix Overseas IPO?
Investors are required to apply for a minimum of 2,000 shares, amounting to ₹1,28,000. - What is the issue size of the Phoenix Overseas IPO?
The IPO aims to raise approximately ₹36.03 crores, consisting of a fresh issue of ₹29.31 crores and an offer for sale of up to 1,050,000 equity shares. - When will the allotment for the Phoenix Overseas IPO be finalized?
The allotment will be finalized on September 24, 2024. - When is the listing date for the Phoenix Overseas IPO?
The company is expected to be listed on the NSE SME on September 26, 2024. - What are the investor quotas for the Phoenix Overseas IPO?
The allocation is divided into 42% for retail investors, 15% for Qualified Institutional Buyers (QIB), and 43% for High Net-worth Individuals (HNI). - Who are the promoters of Phoenix Overseas?
The promoters of Phoenix Overseas Limited include 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, and Kanhai Singh Welfare Trust. - What does Phoenix Overseas do?
Phoenix Overseas Limited is engaged in the trading and marketing of animal feeds, agricultural products, and commodities such as spices, food grains, and pulses. The company also manufactures bags and fashion accessories for clients in Europe, the UAE, and Australia. - Is Phoenix Overseas recognized by any government authority?
Yes, Phoenix Overseas is recognized as a Three-Star Export House by the Ministry of Commerce and Industry, Government of India, as of October 1, 2023, and this recognition is valid for five years. - What is the financial performance of Phoenix Overseas?
Phoenix Overseas reported revenue of ₹549.15 crores in 2024, up from ₹451.32 crores in 2023, with profits increasing to ₹5.50 crores in 2024, compared to ₹3.75 crores in 2023. - Is the Phoenix Overseas IPO a good investment?
Based on its financial performance and growth prospects, the Phoenix Overseas IPO may present a strong long-term investment opportunity. However, investors are advised to evaluate their own financial goals and consult with financial advisors before applying.
