Phoenix Overseas
September 20, 2024 – September 24, 2024
| Price | ₹61 - ₹64 |
| GMP Rumors * | ₹15 |
|---|---|
| Lot size | 2000 |
| Issue size | ₹36.03 cr |
| Allotment | Sep 25, 2024 |
| Listing | Sep 27, 2024 |
Live Rate
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Phoenix Overseas Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹64.00 | ₹0.00 | 0.00% |
Phoenix Overseas Subscription
Last updated on 24-Sep-2024 18:27:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 800000 | 52724000 | 65.91 |
| NIB | 2300000 | 263910000 | 114.74 |
| RETAIL | 2248000 | 354622000 | 157.75 |
| Total | 5348000 | 671256000 | 125.52 |
| Retail Apps | 177311 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹9.86 | @8% ₹11.27 | @9% ₹12.67 | @10% ₹14.08 | @11% ₹15.49 | @12% ₹16.9 |
Phoenix Overseas Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail (10000 to 2 lakh) | 1 | 2000 | 128000 | 1124 |
Phoenix Overseas Reservation
| Category | Shares Offered | % |
|---|---|---|
| QIB | 800000 | 14.96% |
| HNI | 2300000 | 43.01% |
| INDIVIDUAL | 2248000 | 42.03% |
| Total | 5348000 | 100% |
Phoenix Overseas About
Phoenix Overseas IPO Details
| 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 |
| Share holding pre issue | 14,766,018 |
| Share holding post issue | 19,346,018 |
| Market Maker portion | 196,000 shares Nikunj Stock Brokers |
Phoenix Overseas IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 15.00% of the Net Issue |
| Retail Shares Offered | Not less than 42.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 43.00% of the Net Issue |
Key Performance Indicator
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 10.74% | 8.13% | 9.20% |
| ROCE | 15.28% | 14.58% | 12.42% |
| RONW | 10.74% | 8.13% | 9.20% |
| D/E | 0.59 | 0.75 | 0.7 |
| EPS (Diluted) | 3.72 | 2.54 | 2.65 |
| P/E Pre IPO | 17.18 | ||
| P/E Post IPO | 22.51 |
Company Financials
Phoenix Overseas Limited Financial Information (Restated Consolidated)
Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period | Mar 2024 | Mar 2023 | Mar 2022 | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | 13,162.58 | 14,686.47 | 9,480.59 | |||||||||||||||||||||||||||
| Revenue | 54,915.1 | 45,131.61 | 37,828.19 | |||||||||||||||||||||||||||
| Profit | 549.93 | 375.48 | 391.36 | |||||||||||||||||||||||||||
| Net Worth | 5,012.26 | 4,570.52 | 4,246.59 | |||||||||||||||||||||||||||
| Reserves | 4,520.06 | 4,078.32 | 3,754.39 | |||||||||||||||||||||||||||
| Borrowing | 2,937.11 | 3,447.24 | 2,981.26 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
About Company
Strength
Experienced Management: The Company has a skilled management team with strong project management and implementation capabilities.
Agro Commodities Expertise: Phoenix Overseas Limited has a solid presence in the agro commodities trading segment, allowing flexibility in market operations.
Long-term Client Relationships: The company enjoys long-standing partnerships with clients, leading to consistent repeat business.
Weakness
Exposure to Bangladesh Market: Heavy reliance on exports to Bangladesh subjects the company to risks from changing economic, regulatory, and political conditions.
Customer Concentration: A significant portion of revenue depends on a few key customers, making the company vulnerable to declines in sales from any of them.
Compliance Delays: The company has experienced delays in filing required forms under the Companies Act, which may impact regulatory compliance.
Phoenix Overseas Latest Announcements
| Date | Subject | Attachment Text |
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Phoenix Overseas Financial Results
Phoenix Overseas Lead Manager(s)
Phoenix Overseas Address
13B Bidhan Sarani
Amherst St,
Kolkata,-700006
Phone: +913322198752
Email: cs@phxglobal.net
Website: https://www.phxglobal.net/
Phoenix Overseas Registrar
Phoenix Overseas Reviewers
| Reviewer | Recommendation | File |
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