Phoenix Overseas Limited

20 Sep 2024 - 24 Sep 2024 Individual Category SME NSE

Min Investment

₹244000

Price Band

₹61-₹64

Issue Size

56.3 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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20 Sep 2024

Open Date

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24 Sep 2024

Close Date

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25 Sep 2024

Allotment Date

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27 Sep 2024

Listing Date

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.

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About Phoenix Overseas Limited

Phoenix Overseas Limited is incorporated in December 2002 and operates in trading and marketing of animal feeds, agricultural products, and commodity crops such as corn, oil cakes, dry red chilies, cumin seeds, food grains, and soya bean meal. The company mainly operates as a B2B trading outfit in the commodities space, majorly playing in the corn/maise and oil cakes market. It has significantly entrenched itself as an integrated player in the agro commodities space and caters to both domestic and international markets. Apart from agro trading, the company also undertakes manufacturing readymade accessories, jute, cotton, canvas, and leather bags for men and ladies. The firm exports its products to France, Italy, Germany, the UAE, and Australia, among others. The manufacturing plant of the company is in Sodhpur, Kolkata. By September, 30 2024, there were 29 people working with Phoenix Overseas and three contractual employees.

Founded

2002

Managing Director

Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN D

Parent Organization

IPO Objectives

The Company intends to allocate the Net Proceeds from the Offer towards meeting its working capital needs, supporting inorganic growth strategies, and covering general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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