Phoenix Overseas IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 20 to Sep 24 2024
Price Band
₹61 - 64
Current GMP
₹64(0.0%)
Subscription
119.22 times
IPO Details
| IPO Date | September 20, 2024 to September 24, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,630,000 shares (aggregating up to ₹36.03 Cr) |
| Fresh Issue | 4,580,000 shares (aggregating up to ₹29.31 Cr) |
| Offer for Sale | 1,050,000 shares of ₹10 (aggregating up to ₹6.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,766,018 |
| Share holding post issue | 19,346,018 |
| Market Maker portion | 196,000 shares Nikunj Stock Brokers |
IPO Date
September 20, 2024 to September 24, 2024
Listing Date
Friday, September 27, 2024
Face Value
₹10 per share
Price Band
₹61 to ₹64 per share
Lot Size
2000 Shares
Total Issue Size
5,630,000 shares (aggregating up to ₹36.03 Cr)
Fresh Issue
4,580,000 shares (aggregating up to ₹29.31 Cr)
Offer for Sale
1,050,000 shares of ₹10 (aggregating up to ₹6.72 Cr)
Issue Type
Book Built Issue IPO
Listing At
NSE SME
Share holding pre issue
14,766,018
Share holding post issue
19,346,018
Market Maker portion
196,000 shares Nikunj Stock Brokers
IPO Subscription Details
| Market Maker | 1 |
| Qualified Institutions | 65.74 |
| Non-Institutional Buyers*** | 109.71 |
| Retail Investors | 148.43 |
| Total ** | 119.22 |
Market Maker
1
Qualified Institutions
65.74
Non-Institutional Buyers***
109.71
Retail Investors
148.43
Total **
119.22
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Sep 20, 2024 | 1.07 | 0.20 | 2.04 | 1.09 |
| Day 2 Sep 23, 2024 | 1.07 | 6.43 | 35.82 | 17.79 |
| Day 3 Sep 24, 2024 | 65.74 | 109.71 | 148.43 | 119.22 |
DayDay 1
Sep 20, 2024
QIB1.07
NII*0.20
Retail2.04
Total1.09
DayDay 2
Sep 23, 2024
QIB1.07
NII*6.43
Retail35.82
Total17.79
DayDay 3
Sep 24, 2024
QIB65.74
NII*109.71
Retail148.43
Total119.22
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 27-09-2024 | 64.00 | 15(23.44%) | 79 |
| 26-09-2024 | 64.00 | 15(23.44%) | 79 |
| 25-09-2024 | 64.00 | 40(62.5%) | 104 |
| 24-09-2024 | 64.00 | 40(62.5%) | 104 |
| 23-09-2024 | 64.00 | 30(46.88%) | 94 |
| 22-09-2024 | 64.00 | 25(39.06%) | 89 |
| 21-09-2024 | 64.00 | 25(39.06%) | 89 |
| 20-09-2024 | 64.00 | 25(39.06%) | 89 |
| 19-09-2024 | 64.00 | 10(15.62%) | 74 |
| 18-09-2024 | 64.00 | 10(15.62%) | 74 |
| 17-09-2024 | 64.00 | 10(15.62%) | 74 |
| 16-09-2024 | 64.00 | 10(15.62%) | 74 |
Date27-09-2024
Price64.00
GMP15(23.44%)
Estimate List Price79
Date26-09-2024
Price64.00
GMP15(23.44%)
Estimate List Price79
Date25-09-2024
Price64.00
GMP40(62.5%)
Estimate List Price104
Date24-09-2024
Price64.00
GMP40(62.5%)
Estimate List Price104
Date23-09-2024
Price64.00
GMP30(46.88%)
Estimate List Price94
Date22-09-2024
Price64.00
GMP25(39.06%)
Estimate List Price89
Date21-09-2024
Price64.00
GMP25(39.06%)
Estimate List Price89
Date20-09-2024
Price64.00
GMP25(39.06%)
Estimate List Price89
Date19-09-2024
Price64.00
GMP10(15.62%)
Estimate List Price74
Date18-09-2024
Price64.00
GMP10(15.62%)
Estimate List Price74
Date17-09-2024
Price64.00
GMP10(15.62%)
Estimate List Price74
Date16-09-2024
Price64.00
GMP10(15.62%)
Estimate List Price74
IPO Important Dates
| IPO Open Date | Friday, September 20, 2024 |
| IPO Close Date | Tuesday, September 24, 2024 |
| Basis of Allotment | Wednesday, September 25, 2024 |
| Initiation of Refunds | Thursday, September 26, 2024 |
| Credit of Shares to Demat | Thursday, September 26, 2024 |
| Listing Date | Friday, September 27, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 24, 2024 |
IPO Open Date
Friday, September 20, 2024
IPO Close Date
Tuesday, September 24, 2024
Basis of Allotment
Wednesday, September 25, 2024
Initiation of Refunds
Thursday, September 26, 2024
Credit of Shares to Demat
Thursday, September 26, 2024
Listing Date
Friday, September 27, 2024
Cut-off time for UPI mandate confirmation
5 PM on September 24, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹128,000 |
| Retail (Max) | 1 | 2000 | ₹128,000 |
| HNI (Min) | 2 | 4,000 | ₹256,000 |
ApplicationRetail (Min)
Lots1
Shares2000
Amount₹128,000
ApplicationRetail (Max)
Lots1
Shares2000
Amount₹128,000
ApplicationHNI (Min)
Lots2
Shares4,000
Amount₹256,000
Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Mar 202413,162.58
31 Mar 202314,686.47
31 Mar 20229,480.59
Period EndedRevenue
31 Mar 202454,915.1
31 Mar 202345,131.61
31 Mar 202237,828.19
Period EndedProfit After Tax
31 Mar 2024549.93
31 Mar 2023375.48
31 Mar 2022391.36
Period EndedNet Worth
31 Mar 20245,012.26
31 Mar 20234,570.52
31 Mar 20224,246.59
Period EndedReserves and Surplus
31 Mar 20244,520.06
31 Mar 20234,078.32
31 Mar 20223,754.39
Period EndedTotal Borrowing
31 Mar 20242,937.11
31 Mar 20233,447.24
31 Mar 20222,981.26
Key Performance Indicator
| ROE | 10.74% |
| ROCE | 15.28% |
| Debt/Equity | 0.59 |
| RoNW | 10.74% |
| PAT Margin (%) | 0.98 |
| EPS (Rs) | 3.72 |
ROE
10.74%
ROCE
15.28%
Debt/Equity
0.59
RoNW
10.74%
PAT Margin (%)
0.98
EPS (Rs)
3.72
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 1,96,000 (3.48%) |
| QIB Shares Offered | 8,02,000 (14.25%) |
| NII (HNI) Shares Offered | 23,86,000 (42.38%) |
| Retail Shares Offered | 22,46,000 (39.89%) |
| Total Shares Offered | 56,30,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
1,96,000 (3.48%)
QIB Shares Offered
8,02,000 (14.25%)
NII (HNI) Shares Offered
23,86,000 (42.38%)
Retail Shares Offered
22,46,000 (39.89%)
Total Shares Offered
56,30,000 (100%)
Information about company
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
The company's strong presence in agro commodities trading allows it to switch between exports and imports based on changes in demand or pricing for any commodity during any season.
The company's clients are nationwide and international and have been long-term partners.
As of September 2024, the company had 29 employees and 3 contractual employees, including its directors, responsible for various business functions.
Objectives of IPO
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
Funding the working capital requirements
Pursuing inorganic growth initiatives
General corporate purposes
Disclaimer
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