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Phoenix Overseas IPO
Price Band
₹61.0–64.0
Issue Size
₹36.03 Cr
Lot Size
2,000 shares
Min Investment
₹128,000
GMP
+₹15.0 (23.44%)
Issue Price
₹64.0
Subject to Sauda
₹22800
Paid only if allotted
Phoenix Overseas IPO AI Summary
- Phoenix Overseas IPO is listed on NSE SME in the Trading & Distributors sector.
- Price band: ₹61.0–₹64.0 per share, lot size 2,000 shares (min. investment ₹128,000).
- Subscription window: 20 Sep–24 Sep 2024, listing on 27 Sep 2024.
- Current GMP is +₹15.0 (23.44%), an estimated listing price of ₹79 — unofficial and can change daily.
Phoenix Overseas Limited is a trading company with a focus on agro commodities and related products. The company has shown growth in its total income and profit over the past few years, with plans to use IPO proceeds for working capital and investments. Investors should consider their risk profile and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Phoenix Overseas IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Phoenix Overseas IPO Grey Market Premium (GMP) Today
GMP
+₹15.0
GMP %
+23.44%
Est. Listing
₹79.0
Updated: 25 Jul 2026 14:03
About the Company
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 employees, including its directors, responsible for various business functions.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹3.72
NAV
₹101.83
ROE
10.74%
ROCE
15.28%
RoNW
10.74%
P/E Ratio
17.18
Market Cap
₹123.81 Cr
PAT Margin
0.98%
Debt/Equity
0.59
Promoters
Aparesh Nandi, Jayanta Kumar Ghosh, Uday Narayan Singh, BCPL Railway Infrastructure Ltd., AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP, Tricon Logistics Engineering Consultancy Pvt.Ltd. and Kanhai Singh Welfare Trust
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹378.28 Cr in the year ending 31 Mar 2022, increasing to ₹451.32 Cr by 31 Mar 2023, and further rising to ₹549.15 Cr by 31 Mar 2024.
Profit Trend
Profit after tax was ₹3.91 Cr in the year ending 31 Mar 2022, which increased to ₹3.75 Cr by 31 Mar 2023, and further rose to ₹5.50 Cr by 31 Mar 2024.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO on its debut day. It reflects the demand and supply dynamics in the unofficial market before the stock is listed on the exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable returns and lower risk may want to avoid IPOs like this, which can be more volatile and subject to market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on 20 September 2024 and closes on 24 September 2024. Allotment of shares is expected on 25 September 2024, with the listing date set for 27 September 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when selling shares on the listing day. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance.
This evaluation is generated from Phoenix Overseas's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Phoenix Overseas IPO GMP today?
Phoenix Overseas IPO GMP today is +₹15.0 (23.44%), indicating an estimated listing price of ₹79. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Phoenix Overseas IPO?
The price band of Phoenix Overseas IPO is ₹61.0–₹64.0 per share.
When does Phoenix Overseas IPO open and close?
Phoenix Overseas IPO opens on 20 September 2024 and closes on 24 September 2024.
When does Phoenix Overseas IPO list on the stock exchange?
Phoenix Overseas IPO listed on 27 September 2024 at ₹79.0.
What is the lot size for Phoenix Overseas IPO?
The lot size for Phoenix Overseas IPO is 2000 shares, requiring a minimum investment of ₹128,000.
What is the price band for the IPO?
The price band for the IPO is ₹61.0 to ₹64.0.
What is the minimum investment required?
The minimum investment required is ₹128,000.
What is the lot size for this IPO?
The lot size for this IPO is 2000 shares.
When is the listing date for the IPO?
The listing date for the IPO is 27 September 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading before it is listed on the stock exchange.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Sep 2024
Close
24 Sep 2024
Allotment
25 Sep 2024
Listing
27 Sep 2024
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