Phoenix Overseas Limited IPO

Phoenix Overseas Limited IPO opens on September 19, 2024, and closes on September 23, 2024. The Phoenix Overseas Limited IPO allotment is anticipated to be completed on Tuesday, September 24, 2024. The IPO will be tentatively listed on the NSE and SME on Thursday, September 26, 2024.

Phoenix Overseas Limited IPO’s price band is Rs 61 to Rs 64 per share. The IPO is a book-built issue of  Rs 36.03 crores. The issue combines a fresh issue of 45.8 lakh shares aggregating to Rs 29.31 crores and an offer for sale of 10.5 lakh shares aggregating to Rs 6.72 crores.

Phoenix Overseas IPO Details

Phoenix Overseas IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Phoenix Overseas IPO Objectives

The company proposes to utilize the Net Proceeds from the Offer towards the following objects:

1. Funding the working capital requirements
2. Pursuing inorganic growth initiatives
3. General Corporate Purposes.

About Phoenix Overseas Limited

Phoenix Overseas Limited, founded in December 2002, excels in trading and marketing a diverse range of agricultural commodities, including corn, oil cakes, and spices. The company also manufactures a variety of fashion accessories and bags—such as jute, cotton, canvas, and leather bags—serving clients across Europe, the UAE, and Australia from its facility in Jodhpur, Kolkata. Known for its adaptability in agro commodities trading, Phoenix Overseas effectively manages shifts between exports and imports according to market demands. As of September 2024, the company employs 29 permanent staff and 3 contractual workers, including its directors, to oversee its operations.

Phoenix Overseas Limited Financial Information

Phoenix Overseas IPO Reservation

Phoenix Overseas IPO Timeline

Phoenix Overseas IPO opens on September 19, 2024, and closes on September 23, 2024.