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SME IPO Status: Upcoming [20th Sep 2024 to 24th Sep 2024]
Phoenix Overseas IPO, a SME IPO of ₹36.03 Cr opens for subscription from 20-09-2024 to 24-09-2024. The IPO consists of ₹29.31 Cr fresh issue and ₹6.72 Cr offer for sale.
The face value is Rs 10 and the price band is fixed at 61.00-64.00 per share. You can apply to the Phoenix Overseas SME IPO for a minimum lot of 2000 shares amounting of Rs 128000.
The tentative listing date on the exchange (NSE SME) is 27-09-2024.Stay tuned with us to get more details about Phoenix Overseas SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 20th Sep 2024 |
| SME IPO Issue Closing Date: | 24th Sep 2024 |
| SME IPO Issue Price: | ₹61.00-64.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 42.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹36.03 Cr |
| Offer for Sale: | ₹6.72 Cr |
| Fresh Issue: | ₹29.31 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.16% |
| Promoter Holding Post IPO: |
Get important updates regarding Phoenix Overseas SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 25th Sep 2024 |
| Refunds Initiation* | 26th Sep 2024 |
| Credit of Shares to Demat* | 26th Sep 2024 |
| SME IPO Listing Date* | 27th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹61.00-64.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹256000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 64.00 | 10 | 15200 | ₹74 (15.62%) | 20-Sep-2024 0:02 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Phoenix Overseas Limited was founded in December 2002. The company is engaged in the trading and marketing of animal feed and agricultural products and commodities such as maize, oilcake, spices such as dry red chillies, coriander, cumin, food grains such as rice, wheat, maize, sorghum and tea, pulses and agricultural feeds such as soy flour and deoiled rice bran cake. The company imports lentils, black urad dal and tur dal in India in large quantities.
The company also manufactures bags for men and women in jute, cotton, canvas leather and various other fashion accessories for customers in European countries such as France, Italy, Germany, the United Arab Emirates and Australia. The company’s manufacturing facility is located in Sodhpur, Kolkata. The company is also engaged in manufacturing purses and wallets along with other shopping and fashion bags for its customers.
The company is also engaged in food preservation and has acquired a multi-purpose cold storage facility and a potato storage facility with a total capacity of around 11,827 tons through a merger with Phoenix Cold Storage Private Limited.
The division offers storage and preservation solutions for all types of food products such as apples, oranges, carrots, potatoes, chilli, ginger, eggs, fish, ice cream and sweets. In addition, the company has a warehouse with a capacity of more than 10,000 tons for the storage of corn, oilcake and other goods in Malda, near the border between India and Bangladesh.
| Incorporation | Sector | IPO Issue Size | Website |
| 2002 | Miscellaneous | ₹36.03 Cr | https://www.phxglobal.net/ |
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
Our experts can help you prepare for SME IPO
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 Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 13,162.58 | 14,686.47 | 9,480.59 | |||||||||||||||||||||||||||
| Revenue | 54,915.1 | 45,131.61 | 37,828.19 | |||||||||||||||||||||||||||
| Profit After Tax | 549.93 | 375.48 | 391.36 | |||||||||||||||||||||||||||
| Net Worth | 5,012.26 | 4,570.52 | 4,246.59 | |||||||||||||||||||||||||||
| Reserves and Surplus | 4,520.06 | 4,078.32 | 3,754.39 | |||||||||||||||||||||||||||
| Total Borrowing | 2,937.11 | 3,447.24 | 2,981.26 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
Last Updated on 19-Sep-2024 23:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Phoenix Overseas SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Phoenix Overseas SME IPO with Zerodha.
Alternate approch to apply in Phoenix Overseas SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Phoenix Overseas SME IPO Review and Important Updates
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To subscribe or apply in Phoenix Overseas SME IPO, you can use the following methods:
| Phoenix Overseas SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Phoenix Overseas SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Phoenix Overseas SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Phoenix Overseas SME IPO. Most of the Syndicate Banks provide access to apply in Phoenix Overseas IPO via ASBA process. You must have your net banking access, DP ID information to apply in Phoenix Overseas SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Phoenix Overseas SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Phoenix Overseas SME IPO Review and Important Updates
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Phoenix Overseas SME IPO is going to be list on 27-09-2024.
Other relevant questions:
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Phoenix Overseas SME IPO Allotment Date is 25-09-2024.
Other relevant questions:
Phoenix Overseas SME IPO share allotment date?Phoenix Overseas SME IPO allotment date?
