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Phoenix Overseas IPO

  • Status: Closed
  • RHP:
  • ₹ 122,000 / 2000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    27 Sep 2024

  • Listing Price

    ₹ 64.00

  • Listing Change

    0.00%

  • Last Traded Price

    ₹ 31.25

IPO Details

  • Open Date

    19 Sep 2024

  • Close Date

    23 Sep 2024

  • IPO Price Range

    ₹ 61 to ₹ 64

  • IPO Size

    ₹ 36.03 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    26 Sep 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Phoenix Overseas IPO Subscription Status

Last Updated: 25 September 2024 11:58 AM by 5Paisa

Phoenix Overseas IPO is set to open on 19 September 2024 and will close on 23 September 2024. The company specializes in trading and marketing animal feeds, agricultural produce, and commodities.

The IPO includes a fresh issue of 45,80,000 shares aggregating up to ₹29.31 Cr and it also includes an offer for sale of 10,50,000 shares aggregating up to ₹6.72 Cr. The price range is ₹61 to ₹64 per share and the lot size is 2,000 shares. 

The allotment is scheduled to be finalized on 24 September 2024. It will go public on NSE SME, with a tentative listing date of 26 September 2024.

Khandwala Securities Ltd is the book-running lead manager, while Cameo Corporate Services Ltd is the registrar. 
 

Phoenix Overseas IPO Size

Types Size (₹Cr)
Total IPO Size 36.03
Offer For Sale 6.72
Fresh Issue 29.31

 

Phoenix Overseas IPO Lot Size

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

 

Phoenix Overseas IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 65.74 8,02,000 5,27,24,000 337.43
NII (HNI) 109.71 23,86,000 26,17,78,000 1,675.38
Retail 148.43 22,46,000 33,33,64,000 2,133.53
Total 119.22 54,34,000 64,78,66,000 4,146.34

 

1. Funding the working capital requirements.
2. Pursuing inorganic growth initiatives.
3. General corporate purposes.
 

Incorporated in December 2002, Phoenix Overseas Limited specializes in trading and marketing animal feeds, agricultural produce, and commodities such as corn, oil cakes, spices, pulses, and soybean meal. Primarily a B2B trading company, it focuses on corn and oil cakes while also manufacturing bags and fashion accessories made from jute, cotton, canvas, and leather. 

With a manufacturing facility in Sodepur, Kolkata, the company serves clients in European countries like France, Italy, Germany, the UAE, and Australia. Phoenix Overseas' strong presence in agro-commodities trading allows flexibility in switching between exports and imports based on seasonal demand. The company has built long-term relationships with both domestic and international clients and, as of September 2024, operates with 29 employees and 3 contractual staff, including its directors.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 549.15 451.32 378.28
EBITDA 12.97 11.98 9.57
PAT 5.38 3.71 3.91
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 131.63 146.86 94.81
Share Capital 4.92 4.92 4.92
Total Borrowings 29.37 34.47 29.81
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities -6.11 40.43 -3.44
Net Cash Generated From / (used in) investing activities -9.65 -5.41 -2.31
Net Cash Generated From / (used in) financing activities -11.28 -2.17 -4.87
Net Increase (Decrease) In Cash And Cash Equivalents -27.04 32.85 -10.62


Strengths

1. Strong expertise in agro-commodities trading, allowing flexibility between exports and imports based on seasonal demand.
2. Diverse product portfolio, including both agricultural commodities and fashion accessories, serving clients in international markets.
3. Long-term partnerships with clients across Europe, the UAE, and Australia, ensuring stable business relationships.
4. Established manufacturing facility in Kolkata with a focus on eco-friendly materials like jute, cotton, and canvas.
 

Risks


1. Small workforce (29 employees and 3 contractual), which may limit the company's ability to scale quickly or handle large projects.
2. Heavy reliance on commodity markets, making the business vulnerable to fluctuations in pricing and demand.
3. International exposure increases risks related to currency fluctuations, trade regulations, and geopolitical instability.
4. Limited product diversification within the fashion sector, focusing primarily on bags and accessories, which may hinder market expansion.
 

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FAQs

Phoenix Overseas IPO opens from 19th September to 23rd September 2024.

The size of the Phoenix Overseas IPO is ₹36.03 Cr.

The price of the Phoenix Overseas IPO is fixed at ₹61 to ₹64 per share. 

To apply for Phoenix Overseas IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Phoenix Overseas IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Phoenix Overseas IPO is 2,000 shares and the investment required is ₹1,22,000.

The share allotment date of Phoenix Overseas IPO is 24th September 2024

The Phoenix Overseas IPO will be listed on 26th September 2024.

Khandwala Securities Ltd is the book-running lead manager for Phoenix Overseas IPO.

Phoenix Overseas plans to utilize the raised capital from the IPO for:

1. Funding the working capital requirements.
2. Pursuing inorganic growth initiatives.
3. General corporate purposes.