The Phoenix Overseas IPO is scheduled to open on September 20, 2024, and will close on September 24, 2024. Moreover, this IPO follows a book-built process, aiming to raise approximately ₹36.03 crores. It includes both a fresh issue of ₹29.31 crores and, additionally, an offer for sale of up to 1,050,000 equity shares, each with a face value of ₹10.
Table of contents
- Phoenix Overseas IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Phoenix Overseas IPO GMP (Grey Market Premium)
- Phoenix Overseas IPO Application Form PDF
- Phoenix Overseas IPO Subscription Status
- Phoenix Overseas IPO Allotment Status
- IPO Review
- Phoenix Overseas IPO Registrar
- Phoenix Overseas IPO Lead Manager
- Phoenix Overseas Limited Contact
- FAQs
Phoenix Overseas IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Phoenix Overseas Limited |
| Industry | Agro Commodities |
| IPO Issue Type | Book Built Issue |
| Open Date | September 20, 2024 |
| Close Date | September 24, 2024 |
| Total Issue Size | ₹36.03 Crores (5,630,000 Equity Shares) |
| Fresh Issue | ₹29.31 Crores (4,580,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹61 to ₹64 per share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | ₹6.72 Crores(1,050,000 Equity Shares) |
| Shares Offered to Retail | 42% |
| Shares Offered to QIB | 15% |
| Shares Offered to HNI | 43% |
Company Details
Phoenix Overseas Limited, based in West Bengal, is primarily engaged in trading and marketing animal feed and a wide variety of agricultural products. These include corn, oil cakes, and spices such as dry red chilies, coriander, and cumin seeds. Additionally, they trade food grains like rice, wheat, corn, and sorghum, along with pulses and agricultural feed such as soybean meal and rice bran de-oiled cake. Moreover, the company imports lentils, black urad dal, and tur dal in bulk for the Indian market, while also establishing a strong presence in Bangladesh and other Asian countries. Notably, as of October 1, 2023, they have been recognized as a Three Star Export House by the Ministry of Commerce and Industry, India, a recognition valid for five years.
In addition to its agricultural ventures, Phoenix Overseas is actively involved in manufacturing bags and fashion accessories made from jute, cotton, canvas, and leather. These products, which include purses, wallets, and shopping bags, are designed for clients across European countries like France, Italy, Germany, and the UAE, as well as Australia.
Furthermore, the company is engaged in the B2B sector, dealing primarily in corn, maize, and oil cakes. They maintain stock and distribute these products to various institutional buyers. With a state-of-the-art manufacturing facility in Sodhpur, Kolkata, and years of experience, Phoenix Overseas consistently delivers high-quality products at competitive prices, further enhancing its standing in the global import-export market.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 20, 2024 |
| IPO Close Date | September 24, 2024 |
| Basis of Allotment | September 25, 2024 |
| Refunds | September 26, 2024 |
| Credit to Demat Account | September 26, 2024 |
| IPO Listing Date | September 27, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹13,162.58 | ₹14,686.47 | ₹9,480.59 |
| Revenue | ₹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 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
The objective of the Issue
- Addressing working capital requirements,
- Additionally, exploring opportunities for inorganic growth,
- While also supporting general corporate activities.
Company Promoters
- Mr. Aparesh Nandi
- Mr. Jayanta Kumar Ghosh
- Mr. 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.
Phoenix Overseas IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Phoenix Overseas IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Phoenix Overseas Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Phoenix Overseas IPO Application Form PDF
To download the Phoenix Overseas IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Phoenix Overseas IPO Subscription Status
This IPO subscription kicks off on September 20, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Phoenix Overseas IPO Allotment Status
To check the Phoenix Overseas IPO allotment status go to the IPO registrar website Cameo or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company benefits from an experienced management team with a proven track record in project management and execution.
- Furthermore, it has established a solid foothold in the agro commodities trading sector, bolstered by long-term client relationships, which, in turn, lead to consistent repeat business.
Risks:
- However, a significant portion of the company’s exports is directed to Bangladesh, which, consequently, exposes it to heightened risks due to the constantly changing economic, regulatory, and social conditions in the region.
- Any political or economic instability in Bangladesh could adversely affect its business, financial health, and operational results.
- Additionally, the company relies heavily on a few key customers for a large share of its revenue, meaning any reduction in sales or business from these clients could harm its financial performance.
- Moreover, there have been past instances where the company experienced delays in filing certain required forms under the Companies Act of 1956 and 2013 with the Registrar of Companies (RoC).
Phoenix Overseas IPO Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: ipo@cameoindia.com
Website: www.cameoindia.com
Phoenix Overseas IPO Lead Manager
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street,
Fort, Mumbai 400 023, Maharashtra, India
Phone: +91 22 4076 7373
Email: ipo@kslindia.com
Website: www.kslindia.com
Phoenix Overseas Limited Contact
PHOENIX OVERSEAS LIMITED
13B Bidhan Sarani Amherst St,
Kolkata, West Bengal, India, 700006
Phone: +91 33 22198752
E-mail: cs@phxglobal.net
Website: www.phxglobal.net
FAQs
The allocation for investors is divided as follows: 15% for Qualified Institutional Buyers (QIB), 43% for Non-Institutional Investors (NII), and 42% for retail investors.
To apply for the Phoenix Overseas IPO, you can use ASBA online via your bank account. Alternatively, you can apply via UPI through your stock broker. Additionally, you have the option to apply by filling out the offline form and submitting it to your stock broker.
The offer size for the Phoenix Overseas IPO ranges from INR 34.34 crore to INR 36.03 crore.
The price range for the Phoenix Overseas public offer is set between INR 61 and INR 64 per share.
Moreover, the lot size for this IPO is 2,000 shares.
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