Phoenix Overseas IPO Subscription Status started on September 20, 2024, and closed on September 24, 2024. The company aims to raise approximately ₹36.03 crore via this IPO. The retail quota is 42%, and QBI is 15%. The price band is ₹61 to ₹64 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹128,000. Phoenix Overseas is an SME IPO that will be listed on the NSE.
Also read: Phoenix Overseas IPO: Dates, Pricing and Allotment 2024
Table of contents
About Company
Phoenix Overseas Limited, headquartered in West Bengal, trades and markets animal feed and a wide range of agricultural products. They actively deal in items such as corn, oil cakes, and spices like dry red chilies, coriander, and cumin seeds. Additionally, they trade food grains including rice, wheat, corn, and sorghum, along with pulses and agricultural feed such as soybean meal and rice bran de-oiled cake. Moreover, The company also imports lentils, black urad dal, and tur dal in bulk for the Indian market, while establishing a strong presence in Bangladesh and other Asian countries. As of October 1, 2023, the Ministry of Commerce and Industry, India, recognized Phoenix Overseas as a Three Star Export House, a recognition valid for five years.
In addition to its agricultural business, Phoenix Overseas manufactures bags and fashion accessories made from jute, cotton, canvas, and leather. Their product range includes purses, wallets, and shopping bags, which they design for clients in European countries like France, Italy, Germany, and the UAE, as well as Australia.
In the B2B sector, Phoenix Overseas supplies corn, maize, and oil cakes to various institutional buyers. They maintain stock and distribute these products efficiently. Moreover, With its state-of-the-art manufacturing facility in Jodhpur, Kolkata, and years of experience, Phoenix Overseas consistently delivers high-quality products at competitive prices, solidifying its position in the global import-export market.
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Additionally, We strongly advise investors to consider applying for the IPO with a long-term outlook. Moreover, it is crucial to thoroughly review the QIB, NII, and Retail subscription figures before making any investment decisions.
Phoenix Overseas IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 | Day 4 | Day 5 |
|---|---|---|---|---|---|
| NII | 0.90 | 1.48 | 2.09 | 2.69 | 3.54 |
| RII | 1.48 | 5.06 | 8.03 | 11.80 | 14.89 |
| Total | 1.19 | 3.27 | 5.06 | 7.25 | 9.21 |
Phoenix Overseas IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Phoenix Overseas
- May Apply
Phoenix Overseas IPO IPO Form
To apply for the Phoenix Overseas IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
You can easily subscribe via either ASBA or non-ASBA options. To apply online, simply log into your bank account, or alternatively, submit a physical form to your bank or broker.
For real-time updates, visit our portal, which is refreshed hourly. Additionally, you can check the official IPO page for current subscription numbers.
Firstly, log in to Zerodha and navigate to the Portfolio section. Next, find “Phoenix Overseas,” enter your UPI ID, quantity, and price, and finally approve the mandate via your UPI app.
Moreover, Start by logging in to Upstox, then locate “Phoenix Overseas,” confirm your bid, and afterward, approve the mandate through your UPI app.
Additionally, Simply login to Paytm Money, select “Phoenix Overseas,” confirm your application, and subsequently approve the mandate using your UPI app.
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