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Phoenix Overseas Ltd

Trading

Offer Period :

20th to 24th Sep 2024

Incorporated in December 2002, Phoenix Overseas Limited is a B2B trading company specializing in animal feeds, agricultural produce, and commodities such as corn, oil cakes, Read more... spices, and food grains. The company also deals in products like tea, pulses, soya bean meal, and rice bran de-oiled cake. Phoenix Overseas has established a strong market presence, particularly in the trading of corn/maize and oil cakes, allowing it to cater to both domestic and international clients.

In addition to its core trading operations, Phoenix Overseas manufactures bags and fashion accessories made from jute, cotton, canvas, and leather. These products are exported to clients across Europe, the UAE, and Australia. With a manufacturing facility located in Kolkata, the company produces a wide range of fashion items, including purses and wallets. The IPO will help Phoenix Overseas expand its operations, strengthen its competitive position, and capitalize on its diversified business model. span class="lead">Read less

Phoenix Overseas Ltd IPO Details

IPO Date 20th to 24th Sep 2024 Minimum Investment ₹128000 / 1 Lots
Listing Date 2024-09-27 Maximum Investment ₹128000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹36.03 Crores
Price ₹64 to ₹64 per share Fresh Issue ₹29.31 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 6.72
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 20th to 24th Sep 2024
Listing Date 2024-09-27
Face Value ₹10 per share
Price ₹64 to ₹64 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹128000 / 1 Lots
Maximum Investment ₹128000 / 1 Lots
Total Issue Size ₹36.03 Crores
Fresh Issue ₹29.31 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

20th Sep

IPO Starts

24th Sep

IPO Ends

25th Sep

Allotment Date

26th Sep

Initiation of Refund

26th Sep

Credit of Shares to Demat Account

27th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.16 0
Public Group 0.84 0

Phoenix Overseas Ltd IPO Reservation

QIB Shares Offered 802000(14.25%)
NII (HNI) Shares Offered 2300000(40.85%)
Retail Shares Offered 2246000(39.89%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 5630000
Total Shares With Anchor Investor 5630000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Phoenix Overseas Ltd IPO Registrar

Cameo Corporate Services Ltd
Phone Number +91-44-40020700
Email Id investor@cameoindia.com
Our Website www.cameoindia.com

Phoenix Overseas Ltd IPO Lead Manager

1. Khandwala Securities Ltd

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Phoenix Overseas Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 8,02,000 8,58,000 52,168.0
Non Institutional Investors 25,82,000 2,28,28,000 52,168.0
Retail Individual Investors (RIIs) 22,46,000 10,40,12,000 52,168.0
Total 56,30,000 12,76,98,000 52,168.0

Strength of Phoenix Overseas Ltd

1. Experienced management team with proven project management and implementation skills.

2. Strong presence in agro commodities trading segment.

3. Long term relationship with clients and repeat business.

Risks Involved

1. Major exports of the Company are to Bangladesh and this expose it to higher degree of risk with constantly changing economic, regulatory and social conditions. Any change in political or economic conditions in Bangladesh can adversely affect its business, financial condition and results of operations.

2. The company depends on a few customers of its products, for a significant portion of the company revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company business and results of operations.

3. In the past, there have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 1956 and Companies Act, 2013 to RoC.

4. In the past, there have been instances of delays in filings of certain returns which were required to be filed as per the reporting requirements under the Goods & Service Act, 2017 and Income Tax Act, 1961.

5. The company majority of the revenue comes from the Merchant export division and disruption in the export division may adversely affect its business and the results of operations.

6. The company depends on a few suppliers of its products, for a significant portion of the company supplies and purchase, and any decrease in supply from any one of its key vendors may adversely affect the company's business and results of operations.

7. Failures of the Potato Crop in West Bengal State and more specifically in and around Malda District would severely affect its ability to generate revenues and hence adversely affect the company results of operations and financial conditions.

8. Expansion into new business activities through setting up new subsidiaries of the company.

9. The export / import of certain agricultural produce and commodities is subject to seasonal factors Consequently, its inability to accurately forecast demand for the company products, may have an adverse effect on its business, results of operations, cash flows and financial condition.

10. The company benefit from certain export benefits from the Government of India, which if withdrawn or modified may have a significant impact on its results operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 146.51 94.46 103.14
Total Liabilities 146.51 94.46 103.14
Total Expenses 446.35 373.06 377.42
Total Revenue 
451.32 378.02 381.58
Profit After Tax 3.71 3.65 3.12
EBITDA 11.98 9.31 7.74
Adjusted EBITDA 0 0 0

Phoenix Overseas Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-27 41221 PHOGLOBAL
INE0FPO01018
₹64 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹64 ₹64
Open ₹0 ₹64
Low ₹0 ₹60.8
High ₹0 ₹64
Low ₹0 ₹60.8

Frequently Asked Questions

What is Phoenix Overseas Ltd IPO?

Answer Field

Phoenix Overseas Ltd IPO is a SME IPO of 56,30,000 equity shares of a face value of ₹10 aggregating up to ₹36.03 Crores. The issue is priced at ₹64 to ₹64 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 20, 2024, and closes on September 24, 2024. Cameo Corporate Services Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Phoenix Overseas Ltd IPO will open?

Answer Field

The Phoenix Overseas Ltd IPO opens on September 20, 2024 and closes on September 24, 2024.

What is the lot size of Phoenix Overseas Ltd?

Answer Field

Phoenix Overseas Ltd lot size is 2000 shares, and the minimum amount required is ₹1,28,000.

How to apply for Phoenix Overseas Ltd IPO?

Answer Field

You can apply in Phoenix Overseas Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Phoenix Overseas Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Phoenix Overseas Ltd IPO will be done on September 25, 2024, and the allotted shares will be credited to your demat account by September 26, 2024.

When is Phoenix Overseas Ltd IPO listing date?

Answer Field

The Phoenix Overseas Ltd listing date is September 27, 2024.

Who is the registrar of Phoenix Overseas Ltd IPO?

Answer Field

The registrar of Phoenix Overseas Ltd IPO is Cameo Corporate Services Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Khandwala Securities Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Phoenix Overseas Ltd IPO?

Answer Field

The fresh issue size is ₹29.31 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Phoenix Overseas Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,28,000 amount.

How can I approve the UPI mandate request for Phoenix Overseas Ltd IPO?

Answer Field

To apply for Phoenix Overseas Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Phoenix Overseas Ltd?

Answer Field

The price of each Phoenix Overseas Ltd share will be ranging in between ₹64 to ₹64 per share.

What is the cut-off time for the UPI mandate for Phoenix Overseas Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 24, 2024.

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