Phoenix Overseas Limited
listed
₹1.22LMin. investment
Phoenix Overseas Limited IPO Details
Issue size
₹36.03Cr
IPO type
SME
Price range
₹61.00 – ₹64.00
Listing date
27 Sep 2024
Lot size
2000 shares
Price range₹61.00 – ₹64.00
IPO type
SME
Lot size2000 shares
Issue size₹36.03Cr
Phoenix Overseas Limited Timeline
- Bid start20 Sep 2024
- Bid end24 Sep 2024
- Allotment22 Sep 2024
- Release of funds26 Sep 2024
- Demat transfer25 Sep 2024
- Listing27 Sep 2024
About Phoenix Overseas Limited
Incorporated in December 2002, Phoenix Overseas Limited, is engaged in the export of various agricultural produce and commodities, such as corn, oil cakes, and a variety of spices including dry red chilies, coriander, and cumin seeds. The company also deals in essential food grains like rice, wheat, and sorghum, as well as pulses and agricultural feeds like soya bean meal and rice bran de-oiled cake. Significant portions of these products are imported into India, including lentils and black urad dal, while major export destinations include Bangladesh and other Asian countries. As a B2B trader, the company maintains large stocks of corn and oil cakes, distributing them to institutional clients, manufacturers, and exportersis engaged in the export of various agricultural produce and commodities, such as corn, oil cakes, and a variety of spices including dry red chilies, coriander, and cumin seeds. The company also deals in essential food grains like rice, wheat, and sorghum, as well as pulses and agricultural feeds like soya bean meal and rice bran de-oiled cake.
Significant portions of these products are imported into India, including lentils and black urad dal, while major export destinations include Bangladesh and other Asian countries. As a B2B trader, the company maintains large stocks of corn and oil cakes, distributing them to institutional clients, manufacturers, and exporters. Phoenix Overseas Limited is a distinguished player in the global trade and manufacturing sectors, has recently achieved the prestigious Three Star Export House recognition from the Ministry of Commerce and Industry, Government of India. The recognition reflects Phoenix Overseas Limited's commitment to quality and excellence across its diverse business operations, including the export of agricultural commodities and a wide range of manufactured products.The company's operations span several sectors, demonstrating its versatility and adaptability in the global market.
In addition to its trading operations, Phoenix Overseas Limited is involved in the manufacturing and export of a diverse array of fashion accessories. The company produces high-quality jute bags, purses, wallets, belts, and other fashion items crafted from materials such as cotton, canvas, and leather. These products are tailored for buyers in European countries, including France, Italy, Germany, and the UAE, as well as in Australia. The company's manufacturing facility, located in Sodhpur, Kolkata, is equipped to handle a wide range of production needs, catering to a global clientele with distinct fashion requirements.
Moreover, Phoenix Overseas Limited has diversified into the food preservation sector through the acquisition of Phoenix Cold Storage Private Limited. This integration has bolstered the company’s capabilities with a multipurpose cold storage facility and a dedicated potato storage unit, collectively offering a storage capacity of approximately 11,827 metric tons. The cold storage division provides essential preservation services for a broad spectrum of food products, from fruits and vegetables to ice creams and sweets. Additionally, the company operates a warehouse with a capacity exceeding 10,000 metric tons near the Indo-Bangladesh Border, ensuring efficient storage and distribution of bulk commodities such as corn and oil cakes. This strategic infrastructure supports Phoenix Overseas Limited's comprehensive approach to supply chain management and underscores its commitment to meeting diverse client needs in both domestic and international markets.
Phoenix Overseas Limited prepares for its Initial Public Offering (IPO), the proceeds from the Fresh Issue will be allocated towards critical objectives:
- Funding our working capital requirements.
- Pursuing inorganic growth initiatives.
- General corporate purposes.
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Phoenix Overseas Limited Contact Details
Company NamePhoenix Overseas Limited
How to apply for Phoenix Overseas Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Phoenix Overseas IPO FAQs
How to invest in the Phoenix Overseas Limited ?
Investors can apply for the Phoenix Overseas Limited through their Demat account via the stock exchange or through their broker.
What is the issue size of Phoenix Overseas Limited ?
The issue size of the Phoenix Overseas Limited is 36.03 Cr.
What is 'pre-apply' for Phoenix Overseas Limited ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Phoenix Overseas Limited shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the Phoenix Overseas Limited ?
Phoenix Overseas Limited will be open between 2024-09-20 and 2024-09-24.
What is the allotment date for the Phoenix Overseas Limited ?
Phoenix Overseas Limited allotment date is 2024-09-25. For Phoenix Overseas Limited allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Phoenix Overseas Limited ?
For Phoenix Overseas Limited, the IPO registrar is Cameo Corporate Services Limited. You can check Phoenix Overseas Limited allotment status on the website of the registrar.
Where is the Phoenix Overseas Limited getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Phoenix Overseas Limited shares be credited to your demat account?
The Phoenix Overseas Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Phoenix Overseas Limited ?
The Phoenix Overseas Limited lot size is 2000 and minimum order quantity is 2000.
What is the price band for the Phoenix Overseas Limited ?
Phoenix Overseas Limited has set the price band for its IPO at 64 per equity share with a face value of 10.