Bookbuilding IPO | ₹36 Cr | Listed at NSE SME | Fri, Sep 20, 2024 - Tue, Sep 24, 2024
Phoenix Overseas IPO is a book build issue of ₹36.03 crores. The issue is a combination of fresh issue of 0.46 crore shares aggregating to ₹29.31 crores and offer for sale of 0.11 crore shares aggregating to ₹6.72 crores.
Phoenix Overseas IPO bidding started from Sep 20, 2024 and ended on Sep 24, 2024. The allotment for Phoenix Overseas IPO was finalized on Sep 25, 2024. The shares got listed on NSE SME on Sep 27, 2024.
Phoenix Overseas IPO price band is set at ₹64 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,28,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,56,000.
Khandwala Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Phoenix Overseas IPO RHP for detailed Information.
IPO Open
Fri, Sep 20, 2024
IPO Close
Tue, Sep 24, 2024
Issue Price
₹64 per share
Market Cap (Pre-IPO)
₹123.81 Cr
| IPO Date | 20 to 24 Sep, 2024 |
| Listed on | Fri, Sep 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹64 |
| Issue Price | ₹64 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 56,30,000 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 2,82,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 42,98,000 shares (agg. up to ₹28 Cr) |
| Offer for Sale | 10,50,000 shares of ₹10 (agg. up to ₹7 Cr) |
| Net Offered to Public | 53,48,000 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 1,47,66,018 shares |
| Share Holding Post Issue | 1,93,46,018 shares |
| NSE Symbol | PHOGLOBAL |
| ISIN | INE0FPO01018 |
Phoenix Overseas IPO comprises a total issue size of 56,30,000 shares. The net offer to the public is 53,48,000 shares, after excluding 2,82,000 shares allotted on a firm basis. Of the Net offer 8,00,000 (14.96%) are allocated to QIB, 23,00,000 (43.01%) allocated to NII 22,48,000 (42.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,00,000 | 14.96% | 14.21% |
| NII (HNI) Shares Offered | 23,00,000 | 43.01% | 40.85% |
| Retail Shares Offered | 22,48,000 | 42.03% | 39.93% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,82,000 | 5.01% | |
| Total Shares Offered | 56,30,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,28,000 |
| Retail (Max) | 1 | 2,000 | ₹1,28,000 |
| HNI (Min) | 2 | 4,000 | ₹2,56,000 |
Incorporated in December 2002, 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.
Competitive Strength
As of September 2024, the company had 29 employees and 3 contractual employees, including its directors, responsible for various business functions.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 131.63 | 146.86 | 94.81 |
| Total Income | 549.15 | 451.32 | 378.28 |
| Profit After Tax | 5.50 | 3.75 | 3.91 |
| NET Worth | 50.12 | 45.71 | 42.47 |
| Reserves and Surplus | 45.20 | 40.78 | 37.54 |
| Total Borrowing | 29.37 | 34.47 | 29.81 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements | 10.00 |
| 2 | Investment in Subsidiary | 6.00 |
| 3 | General corporate purposes | 8.59 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 10.74% |
| ROCE | 15.28% |
| Debt/Equity | 0.59 |
| RoNW | 10.74% |
| PAT Margin | 0.98% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.72 | 2.84 |
| P/E (x) | 17.18 | 22.51 |
| Promoter Holding | 99.16% | 70.26% |
| Market Cap | ₹123.81 Cr. |
The Phoenix Overseas IPO is subscribed 119.22 times on September 24, 2024 6:20:00 PM (Day 3). The public issue subscribed 148.43 times in the retail category, 65.74 times in the QIB category, and 109.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 65.74 | 8,02,000 | 5,27,24,000 |
| NII* | 109.71 | 23,86,000 | 26,17,78,000 |
| Retail | 148.43 | 22,46,000 | 33,33,64,000 |
| Total | 119.22 | 54,34,000 | 64,78,66,000 |
Total Application : 1,66,682
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM and commissions (including underwriting commission, brokerage and selling commission) | 1.26 |
| 2 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Applications made by RIIs. Brokerage, underwriting commission and selling commission and applying charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs (2)(3)(4)(5)(6) | 3.02 |
| 3 | Fees payable to the Registrar of the Offer | 0.05 |
| 4 | Fees payable to the other advisors to the Offer/ Company | 0.03 |
| 5 | a. Listing fees, SEBI fees, Stock Exchange processing fees, ASBA software fees, and other regulatory expenses | 0.08 |
| 6 | b. Printing and distribution of Offer Stationery | 0.01 |
| 7 | c. Advertising and Marketing Expenses | 0.17 |
| 8 | d. Fees payable to the Legal Advisor to the Offer | 0.07 |
| 9 | e. Miscellaneous | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹64.00 |
| Open | ₹64.00 |
| Low | ₹60.80 |
| High | ₹64.00 |
| Last Trade | ₹60.80 |
Lead Manager Reports
Phoenix Overseas IPO is a SME IPO of 56,30,000 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 20, 2024, and closes on Tue, Sep 24, 2024.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Phoenix Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in Phoenix Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Phoenix Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Phoenix Overseas IPO opens on Fri, Sep 20, 2024 and closes on Tue, Sep 24, 2024.
Phoenix Overseas IPO lot size is 2000, and the minimum amount required for application is ₹1,28,000.
You can apply in Phoenix Overseas IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Phoenix Overseas IPO will be done on Wednesday, September 25, 2024, and the allotted shares will be credited to your demat account by Thu, Sep 26, 2024. Check the Phoenix Overseas IPO allotment status.
The Phoenix Overseas IPO listing date is on Fri, Sep 27, 2024.
