Phoenix Overseas IPO saw strong demand by the end of Day 2, with the issue being subscribed 16.86 times. This indicates significant investor interest, with oversubscription reflecting high demand for the company’s shares.
Phoenix Overseas Limited IPO Subscription Status
Phoenix Overseas IPO reached a subscription level of 1.00 times on Day 1, indicating that the offered shares were fully subscribed. This initial response suggests a balanced level of investor interest in the company’s market debut.
How to check Phoenix Overseas IPO Subscription Status?
Steps to check Phoenix Overseas Limited IPO subscription status on NSE
Following are the steps to check it through the NSE website
- Visit NSE‘s official website.
- Navigate to the ‘Market Data’ tab.
- Choose ‘IPO’.
- Select the ‘Phoenix Overseas Limited IPO’ to check its subscription status.
- Opt for either NSE Bid details or Consolidated Bid details.
- Explore the total number of bids received from various investors.
Phoenix Overseas Limited IPO Allotment Status
The allotment date for the Phoenix Overseas Limited IPO is set for September 25, with shares priced from ₹61 to ₹64 per share and a face value of ₹10. The offering consists of lots of 2000 shares, with bids accepted for these lots or their multiples.
Phoenix Overseas Limited IPO Listing Date
Phoenix Overseas Limited IPO is expected to be listed on the NSE SME on September 27, 2024.