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Phoenix Overseas IPO
Phoenix Overseas Ltd
₹1,22,000 /2000 sharesMinimum Investment
Phoenix Overseas IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹64.00 | ₹64.00 | ₹0.00 (0.00%) |
Phoenix Overseas IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 20 Sep ‘24 - 24 Sep ‘24 | ₹1,22,000 | 2,000 | ₹61 - ₹64 |
| Issue Size | IPO Doc |
|---|---|
| 36.03Cr | RHP PDF |
Subscription rate
As of 24 Sep'24, 05:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 108.98x |
About Phoenix Overseas
Founded in
2002
Managing director
Mr. Aparesh Nandi
Parent organisation
Phoenix Overseas Ltd
Strengths & Financials of Phoenix Overseas
Strengths
Risks
The company is ISO 9001:2015 certified for quality management systems, ISO 14001:2015 certified for environmental management systems, and ISO 45001:2018 certified for occupational health and safety risks.
The company is engaged in the food preservation industry and has acquired facilities, including multipurpose cold storage and potato storage, with a combined capacity of approximately 11,827 metric tonnes.
Phoenix Overseas also operates a warehouse capable of storing over 10,000 metric tonnes of commodities, such as corn, oil cakes, and others. This facility is located in Malda, near the Indo-Bangladesh border.
Phoenix Overseas manufactures bags for customers located in European countries, including France, Italy, and Germany, besides the UAE and Australia.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 377.30 crore in FY22 to Rs 450.97 crore in FY23 to Rs 548.37 crore in FY24.
Phoenix Overseas primarily exports to Bangladesh. The country contributed Rs 522.34 crore, Rs 415.67 crore, and Rs 291.41 crore in FY24, FY23, and FY22, respectively to its merchant export division. The current political upheaval in Bangladesh could pose challenges to the company’s business.
The top 10 customers of the company contributed Rs 517.11 crore, Rs 369.81 crore, and Rs 289.07 crore in FY24, FY23, and FY22, respectively. Any loss of these major customers or a decline in demand from them can adversely affect the business’ operations and financial standing.
A significant portion of Phoenix Overseas's revenue is generated by the merchant export division. This division contributed Rs 542.99 crore, Rs 444.81 crore, and Rs 373.26 crore in FY24, FY23, and FY22, respectively. Any disruptions in the company’s export operations could adversely impact the company’s business and operational outcomes.
The company’s performance depends on the potato crop in West Bengal, particularly around the Malda district. A failure in this crop can harm the company’s business.
The company’s exports are predominantly done through ports in West Bengal. These accounted for 40.51%, 81.47%, and 99.81% of exports in FY24, FY23, and FY22 respectively. Any disruptions at these ports can negatively impact the company's finances.
Phoenix Overseas is involved in outstanding litigations. Any adverse judgments in any of these cases can be detrimental to the company’s reputation and business prospects.
Phoenix Overseas Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Phoenix Overseas IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹61 - 64 | ₹2 - 5 Lakh |
| High Networth Individual | ₹61 - 64 | ₹2 - 5 Lakh |
For Phoenix Overseas IPO, eligible investors can apply as Regular.