Phoenix Overseas Limited
Bookbuilding IPO · NSE
- Price band
- ₹61 - ₹64
- Lot size
- 2,000 shares
- Issue amount
- ₹36.03 cr
- Total subscription
- 125.52×
- Opens
- 20 Sept 2024
- Closes
- 24 Sept 2024
- Allotment
- 25 Sept 2024
- Listing
- 27 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 56,30,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,22,000
- Fresh issue
- ₹29.31 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,28,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,47,66,018
- Shares after issue
- 1,93,46,018
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 2,000 | ₹1,28,000 |
| HNI | 2 | 4,000 | ₹2,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5.12 | 337.43 |
| RETAIL | 14.39 | 2,269.58 |
| NIB | 14.72 | 1,689.02 |
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.72 | 2.54 | 2.65 |
| ROE | 10.74 | 8.13 | 9.2 |
| ROCE | 15.28 | 14.58 | 12.42 |
| RONW | 10.74 | 8.13 | 9.2 |
| PRE IPO(PE) | 17.18 | 0 | 0 |
| POST IPO(PE) | 22.51 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Phoenix Overseas Limited, established in December 2002, is a B2B trading company specializing in animal feeds, agricultural produce, and commodities like corn, oil cakes, spices (such as dry red chillies, coriander, and cumin seeds), food grains, pulses, and tea. It also manufactures jute, cotton, canvas, and leather bags, along with fashion accessories like purses and wallets for clients in Europe, the UAE, and Australia. Based in Sodhpur, Kolkata, the company stands out for its ability to switch between exports and imports based on market demand and pricing. Serving both national and international long-term clients, Phoenix Overseas Limited employs 29 people and 3 contractual staff as of September 2024.
Strengths
- Skilled Leadership: Phoenix Overseas Limited is backed by an experienced management team with strong expertise in project execution and operations.
- Agro Trading Expertise: The company has a strong foothold in agro commodities trading, giving it the flexibility to navigate market trends effectively.
- Trusted Client Partnerships: With long-term relationships built over time, Phoenix enjoys repeat business from loyal clients, ensuring steady growth.
Risk factors
- Dependence on Bangladesh Market: Relying heavily on exports to Bangladesh means the company is exposed to risks from economic shifts, regulatory changes, and political uncertainties in the country.
- Revenue from Key Customers: A large share of the company’s earnings comes from a few major clients, so any drop in sales from them could impact overall business performance.
- Regulatory Compliance Delays: The company has faced delays in filing certain required forms under the Companies Act, which could affect its regulatory standing.
Promoters
Aparesh Nandi
Jayanta Kumar Ghosh
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.
Registrar & documents
Lead manager
Khandwala Securities Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
13B Bidhan Sarani Amherst St, Kolkata,-700006
+913322198752
[email protected]Company website ↗Understanding PHOGLOBAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.