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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Phoenix Overseas Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹64
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,28,000
Issue Size
₹36.03 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
42%
QIB Quota
15%
NII Quota
43%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.16%
Issue Type
Book Building - SME
ISIN
INE0FPO01018
Phoenix Overseas Limited is engaged into trading and exporting of agricultural produce and commodities such as corn, oil cakes, spices like dry red chilies, coriander, food grains like rice, wheat, corn, pulses and agricultural feed like soya bean meal and rice bran de-oiled cake. The Company has been also engaged in import of lentils, black urad dal and tur dal in India in bulk quantities. Its major exports of Agricultural products and feeds are to Bangladesh among other Asian Countries. The Company is B2B traders, dealing majorly in corn and oil cakes. The Company maintains stocks and distribute them to different institutional parties like manufacturers, exporters, etc. in bulk quantities. The Company is also engaged in manufacturing of bags for men and women made of jute, cotton, canvas, and leather as well as various other fashion accessories for buyers based in European Countries like France, Italy, Germany, UAE and also in Australia. The company's manufacturing facility is situated at Sodhpur, Kolkata. The Company is also engaged in manufacturing of purse and wallets along with other shopping and fashion bags for its clients. The Company is also engaged in food preservation business after acquisition of a multipurpose cold storage as well as potato storage facility having a combined capacity of around 11,827 MT, by virtue of amalgamation of Phoenix Cold Storage Private Limited with the Company w.e.f. 01.04.2009. The division offers storage and preservation solutions for all types of food products ranging from apples, oranges, carrots, potatoes, chili, ginger, eggs, fish, ice creams, sweets. Further, The Company also has a warehouse with the capacity of more than 10,000 MT for storage of corn, oil cakes and other commodities situated at Malda, near the Indo-Bangladesh Border.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 56,30,000 equity shares of face value Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 64/- per equity share (including a securities premium of Rs. 54- per equity share) (the "Offer "Price"), aggregating upto Rs. 36.03 crores ("Offer"), comprising of fresh offer of upto 45,80,000 equity shares aggregating to Rs. 29.31 crores (the "Fresh Offer") and an offer for sale of upto 10,50,000 equity shares by Aparesh Nandi, Uday Narayan Singh and Jayanta Kumar Ghosh ("The Selling Shareholder") ("Offer for Sale") aggregating to Rs. 6.72 crores, out of which 2,82,000 equity shares aggregating to Rs. 1.80 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 53,48,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 64/- per equity share aggregating to Rs. 34.23 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 29.10% and 27.64%, respectively of the post offer paid up equity share capital of the company.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
The Agriculture sector is the largest source of livelihood in India. The Ministry of Commerce and Industry introduced Agriculture Export Policy, 2018 with an aim to double farmers' income by doubling agricultural exports from India and integrating Indian farmers and agricultural products in India to the global value chain. Our Country being one of the largest producers of agriculture and food products in the world, growth rate was estimated to be at 3.5% that it was 3.0% in 2021-22. The GVA in agriculture and allied activities grew a targeted 4% for 2022-23. The top crop-producing states in India are West Bengal, Uttar Pradesh, Punjab, Gujarat. The overall export value stood at US $52.50 billion.
Phoenix Overseas Limited was originally incorporated as `Phoenix Commodity Exports Private Limited' on December 31, 2002 as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Kolkata. Subsequently, pursuant to a resolution passed by its Shareholders in their Extraordinary General Meeting held on November 20, 2008, the name of the Company was changed to `Phoenix Overseas Private Limited' and a fresh certificate of incorporation dated December 16, 2008 was issued by the Registrar of Companies, Kolkata. Further, pursuant to a special resolution of its Shareholders passed in an extra-ordinary general meeting dated September 30, 2011 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to `Phoenix Overseas Limited', and a fresh certificate of incorporation dated November 14, 2011 was issued to the Company by the Registrar of Companies, Kolkata.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.