Phoenix Overseas GMP : Phoenix Overseas IPO GMP is Open on 20 Sep 2024 and Close on 24 Sep 2024. Phoenix Overseas IPO to Raise 5,630,000 shares (Approx ₹36.03 Cr) via IPO. The Fresh issue of 4,580,000 shares (Approx ₹29.31 Cr) and The Offer For Sale is 10,50,000 shares of ₹10 (Approx ₹6.72 Cr).
Our Company was incorporated in 1965, Phoenix Overseas Limited is recognized as Three Star Export house by the Ministry of Commerce and Industry, Govt. of India on October 01, 2023 and this recognition is valid for a period of 5 (Five) years.
The group has always believed strongly in the concept of collaborative growth which leads to a business conglomerate dealing in various sectors, which include export of agricultural produce and commodities, manufacturing/exporting jute bags (www.bagsindia.com), purses, wallets, belts, and maintaining a multipurpose cold storage, with potato cold store.
With the commitment to provide quality and competitive pricing, the group is constantly moving up the import export ladder of the global market. They are the guiding force
behind the growth of the Company and possesses more than two decades of experience in the trading & export of agricultural commodities along with other allied products. With their dedication and commitment along with support of our key management personnel and dedicated employee base, our Company has shown a positive trend in our business operations.
We believe that our market position has been achieved by adherence to the vision of our Promoters and senior management and their experience. We value our customers and aim to exceed customer expectations by fulfilling valuable commitments.
Our customer-oriented approach and cordial relations with them are the key strengths of our company. We aim to provide cost effective solutions available while adhering to the quality standards of the services. We strive to establish relationships with clients and collaborate with them to drill down on the best solutions.
Our Company is engaged into trading and marketing of animal feeds and agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, cumin seeds, food grains like rice, wheat, corn, sorghum and tea, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake.
We have been engaged in import lentils, black urad dal and tur dal in India in bulk quantities. Our major exports are to Bangladesh among other Asian Countries. We are B2B traders,
dealing majorly in corn / maize and oil cakes. We maintain stocks and distribute them to different institutional parties like manufacturers, exporters, etc. in bulk quantities.
Our Company has developed business strategy to switch over exports/imports from one commodity to another with change in demand or inconsistency in pricing for any commodity during any season.
Phoenix Overseas IPO Date & Price Band Details
| IPO Open Date | 20 Sep 2024 |
|---|---|
| IPO Close Date | 24 Sep 2024 |
| IPO Size | 5,630,000 shares (Approx ₹36.03 Cr) |
| Fresh Issue | 4,580,000 shares (Approx ₹29.31 Cr) |
| Offer For Sale | 10,50,000 shares of ₹10 (Approx ₹6.72 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹61 to ₹64 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 42% |
| IPO QIB Quota | 15% |
| IPO NII Quota | 43% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Phoenix Overseas IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,28,000 |
| Retail Maximum | 1 | 2000 | ₹1,28,000 |
| S-HNI Minimum | 2 | 4000 | ₹2,56,000 |
Object of the Issue
- Funding our working capital requirements.
- Pursuing inorganic growth initiatives.
- General corporate purposes.
Phoenix Overseas IPO Allotment & Listings (Details)
| IPO Open Date | 20 Sep 2024 |
|---|---|
| IPO Close Date | 24 Sep 2024 |
| Basis of Allotment | 25 Sep 2024 |
| Refunds | 26 Sep 2024 |
| Credit to Demat Account | 26 Sep 2024 |
| IPO Listing Date | 27 Sep 2024 |
Phoenix Overseas Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹549.15 | ₹536.18 | ₹5.38 |
| 2023 | ₹451.32 | ₹439.33 | ₹3.71 |
| 2022 | ₹378.28 | ₹368.71 | ₹3.91 |
Our Company Promoters
- Aparesh Nandi
- Jayanta Kumar Ghosh
- Uday Narayan Singh
- Kanhai Singh Welfare Trust
- BCPL Railway Infrastructure Limited
- AN Dealers LLP
- JKG Commercial LLP
- UNS Commercial LLP
- Tricon Logistics Engineering Consultancy Private Limited
Qualitative Factors
- Experienced management team with proven project management and implementation skills.
- Strong presence in agro commodities trading segment.
- Long term relationship with clients and repeat business.
Comparison of Accounting Ratios with Peer Group Companies
There are no like to like comparable listed companies in India that are engaged in all aspects of the business that we operate. it is not possible to provide an industry comparison in relation to our Company.
Also Read: C2C Advanced Systems
Phoenix Overseas Company Contact Details
Nizam Palace, 2nd MSO Building, 2nd Floor, 234/4,
A.J.C.B. Road,
Kolkata-700020, West Bengal.
Tel: 033-22877390
Email: roc.kolkata@mca.gov.in
Phoenix Overseas Lead Manager
KHANDWALA SECURITIES LIMITED
G-II, Ground Floor, Dalamal House,
Nariman Point, Mumbai, Maharashtra 400021 India.
Tel. No.: +91 22 40767373
Email: ipo@kslindia.com
Investor Grievance Email: investorsgrievances@kslindia.com
Website: www.kslindia.com
Contact Person: Parika Shah / Abhishek Joshi
Phoenix Overseas IPO Registrar
CAMEO CORPORATE SERVICESS LIMITED
No. 1 Club House Road Chennai-600002
Tamil Nadu, India
Tel No.: +91-44-40020700
Email: priya@cameoindia.com
Investor Grievance Email: investor@cameoindia.com
Website: www.cameoindia.com
Contact Person: K. Sreepriya Vice President & Company Secretary
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