Phoenix Overseas SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Phoenix Overseas IPO. Explore Phoenix Overseas IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
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.
Objects of the Issue
- Funding the working capital requirements
- Pursuing inorganic growth initiatives
- General corporate purposes
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 20 Sep - 24 Sep 2024 |
| IPO Price Band | ₹61 - ₹64 per share |
| Fresh Issue | 45,80,000 shares (₹29.31 crore) |
| Offer For Sale | 10,50,000 shares (₹6.72 crore) |
| Total IPO Size | ₹36.03 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
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| Event | Date |
|---|---|
| IPO Opening Date | 20 Sep 2024 |
| IPO Closing Date | 24 Sep 2024 |
| Basis Of Allotment | 25 Sep 2024 |
| Refunds | 26 Sep 2024 |
| Demat Transfer | 26 Sep 2024 |
| IPO Listing Date | 27 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 381.58 | 378.28 | 451.32 | 549.15 |
| Total Expenses | 373.84 | 368.71 | 439.33 | 536.18 |
| Net Profit/Loss | 3.11 | 3.91 | 3.71 | 5.38 |
| NPM (*) | 0.82 | 1.04 | 0.82 | 0.98 |
| Total Assets | 103.16 | 94.81 | 146.86 | 131.63 |
| Total Liabilities | 64.60 | 52.33 | 101.15 | 81.50 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 2.15 | 2.65 | 2.54 | 3.72 |
| ROE (%) | 8.07 | 9.20 | 8.13 | 10.74 |
| ROCE (%) | 11.07 | 12.42 | 14.58 | 15.28 |
| D/E Ratio | 0.80 | 0.70 | 0.75 | 0.59 |
| Current Ratio | 1.55 | 1.71 | 1.31 | 1.24 |
| EBITDA MARGIN (%) | 2.03 | 2.54 | 2.66 | 2.37 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 65.74 |
| Non-Institutional Investor (NII/HNI) | 109.71 |
| Retail Individual Investor (RII) | 148.43 |
| Total | 119.22 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Cameo Corporate Services Limited
Phone: +91 - 44 – 40020700
Email: investor@cameodina.com
Website: www.cameoindia.com
Company Promoters
- APARESH NANDI
- JAYANTA KUMAR GHOSH
- UDAY NARAYAN SINGH
- KANHAI SINGH WELFARE TRUST
- BCPL RAILWAY INFRASTRUCTURE LIMITED
- AN DEALERS LLP
- JKG COMMERCIAL LLP
- UNS COMMERCIAL LLP
- TRICON LOGISTICS ENGINEERING CONSULTANCY PRIVATE LIMITED
Lead Managers
- KHANDWALA SECURITIES LIMITED
Company Address
Phoenix Overseas Limited
13B Bidhan Sarani Amherst St, Kolkata, West Bengal, India, 700006
Phone: +91 33 22198752
Email: cs@phxglobal.net
Website: www.phxglobal.net
FAQs
- What is the issue size of the Phoenix Overseas SME IPO?The Phoenix Overseas SME IPO has an issue size of ₹36.03 crore. This includes a fresh issue of 45,80,000 shares (₹29.31 crore) and an offer for sale (OFS) of 10,50,000 shares (₹6.72 crore).
- What is the price band of the Phoenix Overseas IPO?The price band for the Phoenix Overseas IPO is ₹61 - ₹64 per share.
- What are the bidding dates for the Phoenix Overseas IPO?The Phoenix Overseas IPO will open for bidding on 20 Sep 2024 and close on 24 Sep 2024.
- What is the allotment date for the Phoenix Overseas IPO?The allotment date for the Phoenix Overseas IPO is 25 Sep 2024.
- What is the listing date for the Phoenix Overseas IPO?The listing date for the Phoenix Overseas IPO is 27 Sep 2024.
- What is the Phoenix Overseas IPO grey market premium?The grey market premium (GMP) for the Phoenix Overseas IPO is currently at ₹15, with an expected listing gain of approximately 23.44%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.