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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 ₹64.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,22,000 (2000 shares). The minimum lot size investment for 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 Date | September 20, 2024 to September 24, 2024 |
| Listing Date | September 27, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹61 to ₹64 per share |
| Issue Price Final | ₹64 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 56,30,000 shares (aggregating up to ₹36.03 Cr) |
| Reserved for Market Maker | 2,82,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹1.80 Cr) |
| Fresh Issue (Ex Market Maker) | 42,98,000 shares (aggregating up to ₹27.51 Cr) |
| Offer for Sale | 10,50,000 shares of ₹10 (aggregating up to ₹6.72 Cr) |
| Net Offered to Public | 53,48,000 shares (aggregating up to ₹34.23 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,47,66,018 shares |
| Share Holding Post Issue | 1,93,46,018 shares |
Phoenix Overseas IPO offers total 56,30,000 shares. Out of which 8,00,000 (14.21%) allocated to QIB, 23,00,000 (40.85%) allocated to NII, 22,48,000 (39.93%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,82,000 (5.01%) |
| QIB Shares Offered | 8,00,000 (14.21%) |
| NII (HNI) Shares Offered | 23,00,000 (40.85%) |
| Retail Shares Offered | 22,48,000 (39.93%) |
| Total Shares Offered | 56,30,000 (100.00%) |
Phoenix Overseas IPO opens on September 20, 2024, and closes on September 24, 2024.
| IPO Open Date | Fri, Sep 20, 2024 |
| IPO Close Date | Tue, Sep 24, 2024 |
| Tentative Allotment | Wed, Sep 25, 2024 |
| Initiation of Refunds | Thu, Sep 26, 2024 |
| Credit of Shares to Demat | Thu, Sep 26, 2024 |
| Tentative Listing Date | Fri, Sep 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 24, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,162.58 | 14,686.47 | 9,480.59 |
| Total Income | 54,915.1 | 45,131.61 | 37,828.19 |
| Profit After Tax | 549.93 | 375.48 | 391.36 |
| Net Worth | 5,012.26 | 4,570.52 | 4,246.59 |
| Reserves and Surplus | 4,520.06 | 4,078.32 | 3,754.39 |
| Total Borrowing | 2,937.11 | 3,447.24 | 2,981.26 |
| Amount in ₹ Lakhs | |||
The market capitalization of Phoenix Overseas IPO is ₹123.81 Cr.
KPI as of Sun, Mar 31, 2024.
| 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 |
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
[Dilip Davda] The company is engaged in trading and marketing of variety of agri products and commodities as well as a star export house for fashion accessories etc. It posted growth in its top lines for the reported periods, but marked inconsistency for bottom lines. Based on FY24 earnings, the issue relatively appears fully priced. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | September 27, 2024 |
| BSE Script Code | |
| NSE Symbol | PHOGLOBAL |
| ISIN | INE0FPO01018 |
| Final Issue Price | ₹64 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹64.00 |
| Open | ₹64.00 |
| Low | ₹60.80 |
| High | ₹64.00 |
| Last Trade | ₹60.80 |
Phoenix Overseas Ltd.
13B Bidhan Sarani
Amherst St,
Kolkata, West Bengal, 700006
Phone: +913322198752
Email: cs@phxglobal.net
Website: https://www.phxglobal.net/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Phoenix Overseas IPO is a SME IPO of 56,30,000 equity shares of the face value of ₹10 aggregating up to ₹36.03 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 2000.
The IPO opens on September 20, 2024, and closes on September 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 September 20, 2024 and closes on September 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 Thursday, September 26, 2024. Check the Phoenix Overseas IPO allotment status.
The Phoenix Overseas IPO listing date is on Friday, September 27, 2024.
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