Phoenix Overseas IPO allotment expected today: Steps to check status on NSE, Cameo Corporate Services

Phoenix Overseas Limited IPO share allotment status is likely to be finalised on Wednesday, September 25.

The investors, who participated in the IPO subscription, are waiting for the share allotment after the bidding window closed on Tuesday, September 24.

The initial public offering (IPO) of the agricultural products and animal feed trader saw a robust demand as the ₹36.03-crore issue was subscribed 123 times, driven by retail investors.

The public offer comprised a fresh issue of 45.8 lakh shares, worth up to ₹29.31 crore, and an offer-for-sale (OFS) of 10.5 lakh shares, worth up to ₹6.72 crore.

The company had fixed the price band at ₹61 to ₹64 per share. The minimum lot size was 2,000 shares.

The IPO of Phoenix Overseas Limited was open for subscription from September 20 to 24.

After the robust bidding, the investors awaiting the finalisation of the Phoenix Overseas IPO share allotment status can check details online. The company will inform successful bidders about the share allotment through SMS and emails on official IDs.

The Phoenix Overseas Ltd IPO share allotment status can be checked easily on the NSE and the website of the IPO registrar.

Steps to check Phoenix Overseas Ltd IPO share allotment status on the registrar’s website

• Open the website of Cameo Corporate Services Limited (https://cambridge.cameoindia.com/)
• Click on useful links and select IPO status
• Select company Phoenix Overseas Ltd from the dropdown list (Name will appear after Phoenix Overseas Ltd finalises the allotment status)
• Enter PAN or Application No
• Enter captcha
• Click submit to check the status

Steps to check share allotment status on NSE website

• Open NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password
• Select Mandeep Auto Industries Ltd
• Verify PAN details
• Enter IPO application No
• Click on Submit

Phoenix Overseas Ltd IPO details

Phoenix Overseas IPO witnessed strong demand across investor categories. The NSE SME issue was subscribed over 123 times due to robust retail demand.

Applications for more than 67.12 crore shares were received against 54.34 lakh shares on offer.

The retail individual investors’ portion was booked 157 times as bids for a little over 35.46 crore shares were received against 22.46 lakh shares set aside for the category.

The Non-Institutional Investors’ quota was subscribed 110 times. NIIs placed bids for 26.39 crore shares against 23.46 lakh shares offered to them. The Qualified Institutional Buyers (QIBs) quota was booked 65.7 times with bids for 5.27 crore shares against 8.02 lakh shares on offer.

Phoenix Overseas IPO listing date

According to Phoenix Overseas Ltd IRHP, the company will credit shares to the Demat accounts on September 26 and initiate refunds on the same day.

Phoenix Overseas has proposed to list shares on the NSE SME platform, Emerge on September 27.

Phoenix Overseas Ltd IPO objects

Phoenix Overseas will utilise the IPO proceeds to meet working capital needs and to finance opportunities for inorganic growth. IPO proceeds will also be used for general corporate expenses.

About Phoenix Overseas Limited

Established in December 2002, Phoenix Overseas is engaged in trading and marketing animal feeds and agricultural products. It markets commodities such as corn, oil cakes and spices.