Phoenix Overseas Limited

IPO Details

Phoenix Overseas is open for subscription from Thursday, September 19, 2024, and closes on Monday, September 23, 2024. The price band for this IPO is set at Rs 61 – Rs 64 per share. Phoenix Overseas IPO is offering a fresh issue of 45.80 lakh equity shares worth up to Rs 29.31 crore and an offer for sale of up to 10.50 lakh equity share amounting up to 6.72 crore. This sums up total aggregate size of 56.30 lakh equity shares up to Rs 36.03 crore. The allotment for this new IPO is expected to be finalised on Tuesday, September 24, 2024. The listing of this IPO will be done on Thursday, September 26, 202, at NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 128,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 256,000. The IPO is managed by Khandwala Securities Limited, which is the book-running lead manager of this public issue. The company has appointed Cameo Corporate Services Limited as the registrar for the issue.