Phoenix Overseas Limited

Company Profile
Company Name Phoenix Overseas Limited
Open Date 20-09-2024
Close Date 24-09-2024
Exchange NSE SME
Lot Size 2,000 Shares
Issue Price ₹61 to ₹64 per share
Issue Size ₹36.03 Cr
Application Amount ₹128,000 (2,000 Shares)
Recommendation Avoid
Incorporated in 2002, the company has their registered office in Kolkata, West Bengal, India. Business Activity: Phoenix Overseas Limited is primarily engaged in the export of agricultural commodities and animal feeds, manufacturing and exporting fashion accessories, and operating cold storage facilities for food preservation. Revenue Streams: POL has three primary revenue streams: • Merchant Export Division: Exporting agricultural commodities and animal feeds (60.51% of revenue in FY 2024) with Bangladesh forming most of their exports. (90%). • Fashion Accessories Division: Manufacturing and exporting jute, cotton, canvas, and leather bags, along with fashion accessories (0.64% of revenue in FY 2024) • Food Preservation Division: Operating cold storage facilities for various food products (0.55% of revenue in FY 2024) As of September 2024, the company had 29 employees and 3 contractual employees, including its directors, responsible for various business functions.
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Financial Summary in Lakhs

For the Period Ended Mar-22 Mar-23 Mar-24
Revenue 37,730.39 45,097.07 54,837.39
EBITDA 859.19 1,163.71 1,219.46
Net Profit 390.53 371.50 538.39
RoCE 9.77% 10.39% 13.30%
ROE 9.19% 8.13% 10.74%
P/E 8.05 8.39 5.73

Tentative Timeline

Opening Date 20-09-2024
Closing Date 24-09-2024
Basis of Allotment 25-09-2024
Initiation of Refunds 26-09-2024
Credit of Shares to Demat 26-09-2024
Listing Date 27-09-2024

Objects of the Issue

Building Pursuing inorganic growth initiatives.
Funding Working Capital requirements.
General Corporate Purposes

Contact Information

Registered Office Phoenix Overseas Limited 13B Bidhan Sarani Amherst St, Kolkata,-700006
Phone +913322198752
Email cs@phxglobal.net
Website https://www.phxglobal.net/

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390
Email priya@cameoindia.com
Website https://ipo.cameoindia.com/

IPO Reservation

QIB Shares Offered Not more than 15.00% of the Net Issue
Retail Shares Offered Not less than 42.00% of the Net Issue
NII (HNI) Shares Offered Not less than 43.00% of the Net Issue

Shareholding Pattern

Shareholding Pre Issue (Promoters) 99.16%
Shareholding Post Issue (Promoters) 75.68%

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