Phoenix Overseas IPO vs SD Retail IPO

Comparison between Phoenix Overseas IPO and SD Retail IPO.

IPO Details

Phoenix Overseas IPO is a SME Bookbuilding IPO proposed to list at NSE SME while SD Retail IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Phoenix Overseas IPO is up to ₹34.23 Cr whereas the issue size of the SD Retail IPO is up to ₹61.70 Cr. The final issue price of Phoenix Overseas IPO is ₹64.00 per share and of SD Retail IPO is ₹131.00 per share.

 Phoenix Overseas IPOSD Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹61.00 per share₹124.00 per share
Issue Price (Upper)₹64.00 per share₹131.00 per share
Issue Price (Final)₹64.00 per share₹131.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size42,98,000 shares47,10,000 shares
Fresh Issue Size (Amount)up to ₹27.51 Crup to ₹61.70 Cr
OFS Issue Size10,50,000 shares0 shares
OFS Issue Size (Amount)up to ₹6.72 Crup to ₹0.00 Cr
Issue Size Total53,48,000 shares47,10,000 shares
Issue Size Total (Amount)up to ₹34.23 Crup to ₹61.70 Cr

IPO Timetable

Phoenix Overseas IPO opens on Sep 20, 2024, while SD Retail IPO opens on Sep 20, 2024. The closing date of Phoenix Overseas IPO and SD Retail IPO is Sep 24, 2024, and Sep 24, 2024, respectively.

 Phoenix Overseas IPOSD Retail IPO
Anchor Bid DateSep 19, 2024
Issue OpenSep 20, 2024Sep 20, 2024
Issue CloseSep 24, 2024Sep 24, 2024
Basis Of Allotment (Tentative)Sep 25, 2024Sep 25, 2024
Initiation of Refunds (Tentative)Sep 26, 2024Sep 26, 2024
Credit of Share (Tentative)Sep 26, 2024Sep 26, 2024
Listing date (Tentative)Sep 27, 2024Sep 27, 2024
Anchor Lockin End date 1Oct 24, 2024
Anchor Lockin End date 2Dec 23, 2024

Financials & KPIs

Phoenix Overseas IPO P/E ratio is 17.18, as compared to SD Retail IPO P/E ratio of 23.73.

 Phoenix Overseas IPOSD Retail IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets131.63146.8694.81
Total Income549.15451.32378.28
Profit After Tax5.503.753.91
NET Worth50.1245.7142.47
Reserves and Surplus45.2040.7837.54
Total Borrowing29.3734.4729.81
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets122.2688.3677.60
Total Income163.28135.69128.74
Profit After Tax7.604.3010.11
NET Worth41.8034.2029.90
Reserves and Surplus40.5533.5829.27
Total Borrowing43.5520.5118.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.1688.82
Promoter Shareholding (Post-Issue)70.2665.29
P/E Ratio17.1823.73
Market Cap₹123.81 Cr.₹245.26 Cr.
ROE10.746.29
ROCE15.2815.61
Debt/Equity0.591.04
EPS₹3.72₹5.52
RoNW10.7418.18

Shares Offered

In the Phoenix Overseas IPO Retail Individual Investors (RII) are offered 22,48,000 shares while in SD Retail IPO retail investors are offered 22,48,000 shares. Qualified Institutional Buyers (QIB) are offered 8,00,000 shares in Phoenix Overseas IPO and 9,42,000 shares in SD Retail IPO.

 Phoenix Overseas IPOSD Retail IPO
Anchor Investor Reservation14,12,000 shares
Market Maker Reservation2,82,000 shares2,50,000 shares
QIB8,00,000 shares9,42,000 shares
NII23,00,000 shares7,07,000 shares
RII22,48,000 shares16,49,000 shares
Employee
Others
Total53,48,000 shares47,10,000 shares

Bids Received (Subscription)

Phoenix Overseas IPO subscribed 121.14x in total, whereas SD Retail IPO subscribed 67.98x.

 Phoenix Overseas IPOSD Retail IPO
QIB (times)65.90x69.84x
NII (times)113.82x207.62x
Big NII (times)
Small NII (times)
RII (times)148.29x65.25x
Employee (times)
Other (times)
Total (times)121.14x67.98x

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