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Phoenix Overseas IPO Receives Positive Response with a 16.86x Subscription Rate on Day 2!

Phoenix Overseas IPO experienced robust demand by Day 2, with the issue subscribed 16.86 times, indicating strong investor interest and oversubscription, highlighting the high demand for the company's shares.
Phoenix Overseas IPO Receives Positive Response with a 16.86x Subscription Rate on Day 2!

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.

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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.

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