Phoenix Overseas IPO GMP, Review, Price, Allotment

0

Last updated on September 27, 2024

Phoenix Overseas IPO GMP

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.

Phoenix Overseas IPO Allotment Status

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


Phoenix Overseas IPO Details

Phoenix Overseas IPO Dates20 – 24 September 2024
Phoenix Overseas Issue PriceINR 61 – 64 per share
Fresh issue45,80,000 shares (INR 27.94 – 29.31 crore)
Offer For Sale10,50,000 shares (INR 6.41 – 6.72 crore)
Total IPO size56,30,000 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 Allocation42%
Listing OnNSE EMERGE

Phoenix Overseas Financial Performance

 FY 2022FY 2023FY 2024
Revenue377.30450.97548.37
Expenses373.06446.35541.91
Net income3.913.715.38
Figures in INR Crores unless specified otherwise

Phoenix Overseas Offer News


Phoenix Overseas Valuations & Margins

FY 2022FY 2023FY 2024
EPS2.652.543.72
PE ratio16.40 – 17.20
RONW (%)9.208.1310.74
NAV28.7630.9533.94
ROCE (%)12.4214.5815.28
EBITDA (%)2.542.662.37
Debt/Equity 0.700.750.59
*Compiled by IPO Central from Prospectus

Phoenix Overseas IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
26 September 20243545,000
25 September 20243040,000
24 September 20242026,000
23 September 20241015,000
21 September 20241015,000
20 September 20241015,000
19 September 20241015,000
18 September 20241015,000
17 September 2024107,000

Phoenix Overseas IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered8,02,00023,00,00022,46,00053,48,000
24 Sep 202465.74113.90148.42121.18
23 Sep 20241.076.7334.9917.75
20 Sep 20241.070.191.931.05

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 Date20 September 2024
IPO Closing Date24 September 2024
Finalization of Basis of Allotment25 September 2024
Initiation of refunds26 September 2024
Transfer of shares to demat accounts26 September 2024
IPO Listing Date27 September 2024
Opening Price on NSE SMEINR 64 per share (no change)
Closing Price on NSE SMEINR 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here