Phoenix Overseas IPO description – Incorporated in December 2002, Phoenix Overseas is involved in the trade and marketing of animal feeds, agricultural produce, and commodities such as corn, oil cakes, spices (including dry red chilies, coriander, and cumin seeds), food grains, tea, pulses, soya bean meal, and rice bran de-oiled cake. The company also imports bulk lentils, black urad dal, and tur dal to India. Phoenix Overseas operates as a B2B trading company, primarily focusing on corn/maize and oil cakes.
The company also manufactures men’s and women’s bags made from jute, cotton, canvas, and leather, along with various fashion accessories for clients in European countries such as France, Italy, and Germany, as well as in the UAE and Australia. Its manufacturing facility is located in Sodhpur, Kolkata. In addition, the company produces purses, wallets, and other shopping and fashion bags for its clients.
Phoenix Overseas has expanded into the food preservation business after acquiring multipurpose cold storage and a potato storage facility, with a combined capacity of approximately 11,827 MT, through the amalgamation of Phoenix Cold Storage Private Limited. As of September 2024, the company employed 29 permanent staff members and 3 contractual employees, including its directors, overseeing various business operations.
Promoters of Phoenix Overseas – Aparesh Nandi, Jayanta Kumar Ghosh, Uday Narayan Singh, Kanhai Singh Welfare Trust, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP, and Tricon Logistics Engineering Consultancy Private Limited
Table of Contents
Phoenix Overseas IPO Details
| Phoenix Overseas IPO Dates | 20 – 24 September 2024 |
| Phoenix Overseas Issue Price | INR 61 – 64 per share |
| Fresh issue | 45,80,000 shares (INR 27.94 – 29.31 crore) |
| Offer For Sale | 10,50,000 shares (INR 6.41 – 6.72 crore) |
| Total IPO size | 56,30,000 shares (INR 34.34 – 36.03 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,28,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 42% |
| Listing On | NSE EMERGE |
Phoenix Overseas Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 377.30 | 450.97 | 548.37 |
| Expenses | 373.06 | 446.35 | 541.91 |
| Net income | 3.91 | 3.71 | 5.38 |
Phoenix Overseas Offer News
- Phoenix Overseas RHP
- Phoenix Overseas Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Phoenix Overseas Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 2.65 | 2.54 | 3.72 |
| PE ratio | – | – | 16.40 – 17.20 |
| RONW (%) | 9.20 | 8.13 | 10.74 |
| NAV | 28.76 | 30.95 | 33.94 |
| ROCE (%) | 12.42 | 14.58 | 15.28 |
| EBITDA (%) | 2.54 | 2.66 | 2.37 |
| Debt/Equity | 0.70 | 0.75 | 0.59 |
Phoenix Overseas IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 26 September 2024 | 35 | – | 45,000 |
| 25 September 2024 | 30 | – | 40,000 |
| 24 September 2024 | 20 | – | 26,000 |
| 23 September 2024 | 10 | – | 15,000 |
| 21 September 2024 | 10 | – | 15,000 |
| 20 September 2024 | 10 | – | 15,000 |
| 19 September 2024 | 10 | – | 15,000 |
| 18 September 2024 | 10 | – | 15,000 |
| 17 September 2024 | 10 | – | 7,000 |
Phoenix Overseas IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 8,02,000 | 23,00,000 | 22,46,000 | 53,48,000 |
| 24 Sep 2024 | 65.74 | 113.90 | 148.42 | 121.18 |
| 23 Sep 2024 | 1.07 | 6.73 | 34.99 | 17.75 |
| 20 Sep 2024 | 1.07 | 0.19 | 1.93 | 1.05 |
The market maker reservation portion of 2,82,000 shares is not included in the above calculations.
Phoenix Overseas IPO Allotment Status
Phoenix Overseas IPO allotment status is now available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.
Phoenix Overseas IPO Dates & Listing Performance
| IPO Opening Date | 20 September 2024 |
| IPO Closing Date | 24 September 2024 |
| Finalization of Basis of Allotment | 25 September 2024 |
| Initiation of refunds | 26 September 2024 |
| Transfer of shares to demat accounts | 26 September 2024 |
| IPO Listing Date | 27 September 2024 |
| Opening Price on NSE SME | INR 64 per share (no change) |
| Closing Price on NSE SME | INR 60.80 per share (down 5%) |
Phoenix Overseas Offer Lead Manager
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 4076 7373
Email: [email protected]
Website: www.kslindia.com
Phoenix Overseas Offer Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: [email protected]
Website: www.cameoindia.com
Phoenix Overseas Issue Contact Details
PHOENIX OVERSEAS LIMITED
13B Bidhan Sarani Amherst St,
Kolkata, West Bengal, India, 700006
Phone: +91 33 22198752
E-mail: [email protected]
Website: www.phxglobal.net
IPO FAQs
What is Phoenix Overseas offer size?
Phoenix Overseas offer size is INR 34.34 – 36.03 crores.
What is Phoenix Overseas offer price band?
Phoenix Overseas public offer price is INR 61 – 64 per share.
What is the lot size of Phoenix Overseas IPO?
Phoenix Overseas offer lot size is 2,000 shares.
What is Phoenix Overseas IPO GMP today?
Phoenix Overseas IPO GMP today is INR 35 per share.
What is Phoenix Overseas kostak rate today?
Phoenix Overseas kostak rate today is INR NA per application.
What is Phoenix Overseas IPO Subject to Sauda rate today?
Phoenix Overseas Subject to Sauda rate today is INR 45,000 per application.
