Phoenix Overseas SME IPO Details, Financials, Valuation & Peers

Phoenix Overseas Limited is engaged in the trading and marketing of animal feeds and agricultural produce, including commodities like corn, oil cakes, spices, food grains, pulses and agricultural feed (soya bean meal, rice bran de-oiled cake). Phoenix Overseas Limited is also involved in importing lentils, black urad dal and tur dal in India in bulk quantities. In addition to its trading operations, Phoenix Overseas manufactures and exports a wide range of jute bags, purses, wallets and belts to countries like France, Italy, Germany, the UAE and Australia. Phoenix Overseas also operates in the food preservation sector through its acquisition of a multipurpose cold storage facility and a potato storage unit, with a combined capacity of 11,827 MT.

Key Points:

• Diverse Business Segments: Engaged in agricultural commodity trading, manufacturing fashion accessories and operating cold storage facilities.
• Export Focus: Major exports include agricultural commodities like corn, oil cakes, spices and food grains to Bangladesh and other Asian countries.
• Fashion Accessories: Manufactures bags, wallets and other accessories using jute, cotton, canvas and leather, catering primarily to European and Australian markets.
• Cold Storage Capabilities: Operates a multipurpose cold storage and potato storage facility with a capacity of over 11,827 MT for food preservation.
• Warehousing: The company also operates a 10,000 MT warehouse near the Indo-Bangladesh border for agricultural storage.