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Phoenix Overseas Launches Steady on NSE SME, Click Here To Know More!

Phoenix Overseas debuted on the NSE SME at its IPO price of ₹64, marking a stable opening with shares reflecting robust initial trading without any gain or loss.
Phoenix Overseas Launches Steady on NSE SME, Click Here To Know More!

Phoenix Overseas made a steady market debut, listing at ₹64 on the NSE SME, matching its IPO price. The shares opened robustly, reflecting a stable introduction to the market without any initial gain or loss compared to the offering price.

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Phoenix Overseas IPO witnessed remarkable demand by the end of Day 3, with the issue being subscribed 119.23 times. This overwhelming response highlights significant investor interest and strong confidence in the company’s potential, marking a highly successful close to the subscription period.

Phoenix Overseas Limited, a Three-Star Export House recognized by the Indian government, exports agricultural produce, manufactures jute, cotton, and leather bags, and operates multipurpose cold storage facilities. They trade and market animal feed, agricultural commodities, and manage a 10,000 MT warehouse near the Indo-Bangladesh border. The company prioritises quality, competitive pricing, and adapts its export strategy to market demands.

Phoenix Overseas Ltd aims to use IPO funds for working capital, inorganic growth via a new subsidiary, and general corporate purposes like marketing, technology enhancement, and strategic initiatives.

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रुपया मई के बाद का सबसे खराब सप्ताह का सामना कर रहा है: हालिया गिरावट के पीछे क्या है? जानें!

रुपया मई के बाद का सबसे खराब सप्ताह का सामना कर रहा है: हालिया गिरावट के पीछे क्या है? जानें!

भारतीय रुपया 83.9725 पर स्थिर रहा, जो मई के बाद का सबसे खराब साप्ताहिक प्रदर्शन है। यह बढ़ते शेयर बाजार