Phoenix Overseas IPO Date, Price, GMP – The Phoenix Overseas Initial Public Offering (IPO) will open on September 19, 2024, and close on September 23, 2024. The book-built issue of Phoenix Overseas IPO is underway. Through an initial public offering (IPO) that includes a fresh issuance of ₹29.31 crores and the sale of up to 1,050,000 equity shares at a face value of ₹10 apiece, the company hopes to raise about ₹36.03 crores. The pricing range for Phoenix Overseas IPO is ₹61 to ₹64 per share. HNI is 43%, QIB is 15%, and the retail quota is 42%. On September 26, 2024, Phoenix Overseas IPO is scheduled to debut on NSE SME. September 24, 2024 is the day of Phoenix Overseas IPO allocation.
Phoenix Overseas IPO Details
| IPO Open Date | September 20, 2024 |
| IPO Close Date | 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 |
Phoenix Overseas Financials
Phoenix Overseas Limited’s revenue climbed by 22%, while profit after tax (PAT) increased by 46% during the fiscal years ending March 31, 2024 and March 31, 2023.
| FY 2024 | |
| Assets | 13,162.58 |
| Revenue | 54,915.1 |
| Profit After Tax | 549.93 |
| Net Worth | 5,012.26 |
| ROE | 10.74% |
| ROCE | 15.28% |
| Debt/Equity | 0.59 |
| RoNW | 10.74% |
| PAT Margin (%) | 0.98 |
About the Company – Phoenix Overseas
Phoenix Overseas Limited was established in December 2002 and engages in the trading and marketing of agricultural products, commodities, food grains, tea, pulses, soya bean meal, rice bran deoiled cake, corn, and spices such as dry red chillies, coriander, and cumin seeds. A B2B trade company, Phoenix Overseas Limited specializes in oil cakes and corn/maize.
The company produces a variety of additional fashion items in addition to bags for men and women made of jute, cotton, canvas, and leather. European nations like France, Italy, Germany, the United Arab Emirates, and Australia are home to their clientele. The company’s production plant is situated in Kolkata’s Sodepur area. The business also makes wallets, purses, and various shopping and fashion bags for its customers.
