Phoenix Overseas Limited (NSE SME)

Sep 20, 2024 - Sep 24, 2024

Premium	₹15
Price	₹61 - ₹64
Lot size	2000
Allotment	Sep 25, 2024
Listing	Sep 27, 2024

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	2000	128000	1124
HNI	2	4000	256000	1150

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

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

Phoenix Overseas Limited, incorporated in December 2002, is a B2B trading company that specializes in the trade and marketing of animal feeds, agricultural produce, and commodities such as corn, oil cakes, spices (including dry red chillies, coriander, and cumin seeds), food grains, pulses, and tea. The company also manufactures bags made from jute, cotton, canvas, and leather, as well as fashion accessories like purses and wallets for clients in Europe, the UAE, and Australia. Its manufacturing facility is located in Sodhpur, Kolkata. A key competitive strength is its flexibility in switching between exports and imports depending on commodity demand or pricing. Phoenix Overseas Limited serves both national and international long-term clients and, as of September 2024, employs 29 people and 3 contractual employees.

Lead Manager(s)

Khandwala Securities Limited

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.

Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/