Phoenix Overseas Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 800,000 (14%) | — | ₹512 Cr |
| NII (HNI) | — | 2,300,000 (41%) | — | ₹1,472 Cr |
| Retail | — | 2,248,000 (40%) | — | ₹1,439 Cr |
| Market Maker | — | 282,000 (5%) | — | ₹18 Cr |
| Σ Total | — | 5,630,000 (100%) | — | ₹36,032 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹128,000 |
| Retail (Max) | 13 | 26,000 | ₹1,664,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,792,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,576,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 54,915 | 45,132 | 37,828 |
| Profit After Tax | 550 | 375 | 391 |
| Net Worth | 5,012 | 4,571 | 4,247 |
| Total Assets | 13,163 | 14,686 | 9,481 |
| Reserves & Surplus | 4,520 | 4,078 | 3,754 |
| Total Borrowing | 2,937 | 3,447 | 2,981 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements –
- Pursuing inorganic growth initiatives –
- General corporate purposes –
Company Overview
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.