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Phoenix Overseas Limited IPO (Phoenix Overseas IPO) Details
Phoenix Overseas Limited
Phoenix Overseas IPO's overview
Phoenix Overseas IPO is a book built issue of ₹36.03 Cr (36,03,20,000). The issue is a combination of fresh issue of 45.80 Lakh (45,80,000) shares aggregating to ₹29.31 Cr (29,31,20,000) and offer for sale of 10.50 Lakh (10,50,000) shares aggregating to ₹6.72 Cr (6,72,00,000).
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 on Sep 27, 2024.
Phoenix Overseas IPO price band is set at ₹61 to ₹64 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹1.22 Lakh (1,22,000).
Refer to Phoenix Overseas IPO RHP for detailed information.
IPO date
Sep 20,2024 - Sep 24,2024
Listing Date
Sep 27,2024
Face value
₹10
Price Band
₹61 to ₹64 per share
Lot
₹2000 Shares
Total Issue Size
56.30 Lakh (56,30,000)
aggregating up to ₹36.03 Cr (36,03,20,000)
Fresh Issue
45.80 Lakh (45,80,000)
aggregating up to ₹29.31 Cr (29,31,20,000)
Offer for sale
10.50 Lakh (10,50,000)
aggregating up to ₹6.72 Cr (6,72,00,000)
Issue Type
Book Building
IPO Type
SMEListing At
NSE
Fri, Sep 20, 2024
IPO Open
Tue, Sep 24, 2024
IPO Close
Wed, Sep 25, 2024
Basis of Allotment
Thu, Sep 26, 2024
Initiation of Refunds
Thu, Sep 26, 2024
Credit of Shares to Demat
Fri, Sep 27, 2024
Listing
Phoenix Overseas IPO Day-wise IPO GMP Trend
Phoenix Overseas IPO last GMP is ₹15, last updated Sep 26,2024. With the price band of 64.00, Phoenix Overseas IPO's estimated listing price is ₹79 (cap price + today's GMP).The expected percentage gain/loss per share is 23.44%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 26-Sep-24 | 64.00 | 15 | 79(23.44%) | 26-Sep-2024 15:27 |
| 25-Sep-24 | 64.00 | 40 | 104(62.50%) | 25-Sep-2024 23:25 |
| 24-Sep-24 | 64.00 | 40 | 104(62.50%) | 24-Sep-2024 23:32 |
| 23-Sep-24 | 64.00 | 30 | 94(46.88%) | 23-Sep-2024 23:26 |
| 22-Sep-24 | 64.00 | 25 | 89(39.06%) | 22-Sep-2024 23:24 |
| 21-Sep-24 | 64.00 | 25 | 89(39.06%) | 21-Sep-2024 23:29 |
| 20-Sep-24 | 64.00 | 25 | 89(39.06%) | 20-Sep-2024 23:23 |
| 19-Sep-24 | 64.00 | 10 | 74(15.63%) | 19-Sep-2024 23:23 |
| 18-Sep-24 | 64.00 | 10 | 74(15.63%) | 18-Sep-2024 23:24 |
| 17-Sep-24 | 64.00 | 10 | 74(15.63%) | 17-Sep-2024 23:28 |
| 16-Sep-24 | 64.00 | 10 | 74(15.63%) | 16-Sep-2024 23:25 |
Phoenix Overseas IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 2,000 | ₹1.28 Lakh (1,28,000) |
Retail(Max) | 1 | 2,000 | ₹1.28 Lakh (1,28,000) |
HNI(Min) | 2 | 4,000 | ₹2.56 Lakh (2,56,000) |
Phoenix Overseas IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Offered to QIB | 8.02 Lakh (8,02,000) |
| Offered to NII | 23.86 Lakh (23,86,000) |
| Offered to RII | 22.46 Lakh (22,46,000) |
About Phoenix Overseas Limited
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.
Phoenix Overseas IPO's documents
Phoenix Overseas Limited Contact Details
Phoenix Overseas Limited
13B Bidhan Sarani
Amherst St,
Kolkata,-700006
Phone: +913322198752
Email: [email protected]
Website: https://www.phxglobal.net/
Phoenix Overseas IPO's Promoters
The company's promoters are Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP and Tricon Logistics Engineering Consultancy Private Limited and Kanhai Singh Welfare Trust.