Phoenix Overseas Limited (NSE SME)

Sep 20, 2024 - Sep 24, 2024

Price ₹61 - ₹64
Premium ₹15
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

CategoryOfferedAppliedTimes
QIB8000005272400065.91
NIB2300000263910000114.74
RETAIL2248000354622000157.75
Total5348000671256000125.52
Retail Apps177311© 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 Size5,630,000 shares
(aggregating up to ₹36.03 Cr)
Fresh Issue4,580,000 shares
(aggregating up to ₹29.31 Cr)
Offer for Sale1,050,000 shares of ₹10
(aggregating up to ₹6.72 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue14,766,018
Share holding post issue19,346,018
Market Maker portion196,000 shares
Nikunj Stock Brokers

Phoenix Overseas IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 15.00% of the Net Issue
Retail Shares OfferedNot less than 42.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 43.00% of the Net Issue

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE10.74%8.13%9.20%
ROCE15.28%14.58%12.42%
RONW10.74%8.13%9.20%
D/E0.590.750.7
EPS
(Diluted)
3.722.542.65
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.

PeriodMar 2024Mar 2023Mar 2022
Assets13,162.5814,686.479,480.59
Revenue54,915.145,131.6137,828.19
Profit549.93375.48391.36
Net Worth5,012.264,570.524,246.59
Reserves4,520.064,078.323,754.39
Borrowing2,937.113,447.242,981.26
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/