Phoenix Overseas Limited trades and markets animal feeds, agricultural produce, and commodities, including corn, oil cakes, spices like dry red chillies, coriander, cumin seeds, food grains, tea, pulses, soya bean meal, and rice bran de-oiled cake. Phoenix Overseas Limited is a B2B trading company primarily specialising in corn/maize and oil cakes.
The company is involved in the manufacturing of bags for men and women made of jute, cotton, canvas, and leather, as well as various other fashion accessories. Their clients are based in European countries like France, Italy, Germany, the UAE, and also in Australia. The company’s manufacturing facility is located in Sodhpur, Kolkata. Additionally, the company manufactures purses, wallets, as well as other shopping and fashion bags for its clients.
As of September 2024, the company had 29 employees and 3 contractual employees, including its directors, responsible for various business functions.
Phoenix Overseas IPO – Details
| IPO Opening Date | 20 September 2024 |
| IPO Closing Date | 24 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 56,30,000 Shares Worth ₹36.03 Crore Fresh Issue: 45,80,000 Shares Worth ₹29.31 Crore Offer For Sale: 10,50,000 Shares Worth ₹6.72 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹61 – ₹64 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Cameo Corporate Services Limited |
| QIB Shares Offered | 15% |
| Retail Shares Offered | 42% |
| NII (HNI) Shares Offered | 43% |
Phoenix Overseas IPO – Date Schedule
| IPO Open Date | 20 September 2024 |
| IPO Close Date | 24 September 2024 |
| Basis of Allotment | 25 September 2024 |
| Initiation of Refund | 26 September 2024 |
| Credit of Shares to Demat Account | 26 September 2024 |
| IPO Listing Date | 27 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
Phoenix Overseas IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,28,000 |
| Retail (Max) | 1 | 2000 | ₹1,28,000 |
| HNI (Min) | 2 | 4000 | ₹2,56,000 |
Competitive Strengths
- Experienced management team with proven project management and implementation skills.
- Strong presence in agro commodities trading segment.
- Long term relationship with clients and repeat business.
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
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 378.28 | 368.71 | 3.90 | 29.81 |
| 31 March 2023 | 451.31 | 439.33 | 3.71 | 34.47 |
| 31 March 2024 | 549.15 | 536.17 | 5.38 | 29.37 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.74% |
| ROCE | 15.28% |
| Debt/Equity | 0.59 |
| RoNW | 10.74% |
| PAT Margin (%) | 0.98 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.72 | 2.84 |
| P/E (x) | 17.18 | 22.51 |
Object Of The Issue
- Funding the working capital requirements.
- Pursuing inorganic growth initiatives.
- General corporate purposes.
Phoenix Overseas IPO Promoter Holding
| Pre Issue Share Holding | 99.16% |
| Post Issue Share Holding | – |
Phoenix Overseas IPO Prospectus
Company Contact Information
| Phoenix Overseas Limited 13B Bidhan Sarani Amherst St, Kolkata,-700006 Phone: +913322198752 Email: cs@phxglobal.net Website: https://www.phxglobal.net/ |
Phoenix Overseas IPO Registrar
| Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
Phoenix Overseas IPO Lead Manager(s)
| 1. Khandwala Securities Limited |
Phoenix Overseas IPO FAQs
| What is Phoenix Overseas IPO? Phoenix Overseas IPO is a SME IPO. The issue is priced at ₹61 and ₹64 per equity share. The IPO is to be listed on NSE SME. |
| When Phoenix Overseas IPO will open? The IPO is to open on 20 September 2024 for QIB, NII, and Retail Investors. |
| What is Phoenix Overseas IPO Investors Portion? The investors’ portion for QIB- 15%, Retail – 42%, NII – 43%. |
| How to Apply the Phoenix Overseas IPO? You can apply Phoenix Overseas 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 the Phoenix Overseas IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Phoenix Overseas IPO”. Click on 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 Angle One. |
| How to Apply the Phoenix Overseas IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Phoenix Overseas IPO“. Click on 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 5 Paisa. |
| How to Apply the Phoenix Overseas IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Phoenix Overseas IPO”. Click on 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 Upstox. |
| How to Apply the Phoenix Overseas IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Phoenix Overseas IPO”. Click on 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 IIFL. |
| What is Phoenix Overseas IPO Size? Phoenix Overseas IPO size is ₹36.03 Crore. |
| What is Phoenix Overseas IPO Price Band? Phoenix Overseas IPO Price Band is ₹61 – ₹64. |
| What is Phoenix Overseas IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹1,28,000 amount while the maximum bid is 2000 Shares with ₹1,28,000. |
| What is the Phoenix Overseas IPO Allotment Date? Phoenix Overseas IPO allotment date is 25 September 2024. |
| What is the Phoenix Overseas IPO Listing Date? Phoenix Overseas IPO listing date is 27 September 2024. The IPO is to be listed on NSE SME. |
