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Open
20 Sep 2024
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Close
24 Sep 2024
3
Allotment
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Listing
Fri, Sep 27, 2024
Price Band
₹61 to ₹64
Issue Size
56,30,000 shares (agg. up to ₹36 Cr)
Lot Size
2,000 Shares
Listing Date
Fri, Sep 27, 2024
Latest GMP
₹15
Est. Gain
23.44%
✦ AI Insight
GMP Trend
27-09-2024₹15Est. ₹79+23.44%
26-09-2024₹15Est. ₹79+23.44%
25-09-2024₹40Est. ₹104+62.5%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 125.00x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 131.63 | 146.86 | 94.81 |
| Total Income | 549.15 | 451.32 | 378.28 |
| Profit After Tax | 5.50 | 3.75 | 3.91 |
| NET Worth | 50.12 | 45.71 | 42.47 |
| Reserves and Surplus | 45.20 | 40.78 | 37.54 |
| Total Borrowing | 29.37 | 34.47 | 29.81 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rockingdeals Circular Economy Ltd. | SME | ₹21.00 Cr | ₹140 | 33.33 | ₹315.00 | +125.00% | ₹175.00 (+1.74%) |
| Shanthala FMCG Products Ltd. | SME | ₹16.07 Cr | ₹91 | 25.66 | ₹103.55 | +13.79% | ₹23.45 (+2.63%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding our working capital requirements | 10.00 |
| 2 | Investment in Subsidiary | 6.00 |
| 3 | General corporate purposes | 8.59 |
About Phoenix Overseas IPO
Incorporated in December 2002, Phoenix Overseas Limited trades and markets animal feeds, agricultural produce, and commodities, including corn, oil cakes, spices like dry red chillies, coriander, cumin seeds, food grains, tea, pulses, soya bean meal, and rice bran de-oiled cake. Phoenix Overseas Limited is a B2B trading company primarily specialising in corn/maize and oil cakes. The company is involved in the manufacturing of bags for men and women made of jute, cotton, canvas, and leather, as well as various other fashion accessories. Their clients are based in European countries like France, Italy, Germany, the UAE, and also in Australia. The company's manufacturing facility is located in Sodhpur, Kolkata. Additionally, the company manufactures purses, wallets, as well as other shopping and fashion bags for its clients. Competitive Strength The company's strong presence in agro commodities trading allows it to switch between exports and imports based on changes in demand or pricing for any commodity during any season. The company's clients are nationwide and international and have been long-term partners. As of September 2024, the company had 29 employees and 3 contractual employ
Contact Details
Phoenix Overseas Ltd. Address13B Bidhan SaraniAmherst StKolkata, West Bengal, 700006+913322198752cs@phxglobal.netVisit Website