Phoenix Overseas Limited IPO raises ₹36.03 cr, with 45.8 lakh fresh shares for ₹29.31 cr and 10.5 lakh shares for ₹6.72 cr to fund working capital, growth, and corporate purposes.
Open Date : September 20, 2024 Close Date : September 24, 2024 Allotment Date: September 24, 2024 Listing Date: September 27, 2024
IPO Price: INR 61-64 per share Lot Size: 2000 Shares Total Issue Size: INR 36.03 crores
Phoenix Overseas IPO shows mixed performance: 1. Performance: Mixed results, Revenue: Increased. 2. Equity: Expanded, Profitability: Improved. 3. Challenges: Decreasing total assets, weakening liquidity, and significant drop in inventory turnover ratio.
Uniqueness: No comparable listed companies in India operate in all aspects of Phoenix Overseas Limited's business. Comparison: Industry comparison is not possible.
Objective: Fund working capital requirements. Growth Strategy: Pursue inorganic growth initiatives.
Phoenix Overseas IPO Risks: Customer Reliance: Dependence on a few customers in Bangladesh. Filings: Potential delays in statutory filings. Market Conditions: Regulatory issues could impact revenue & operations.