
Trading & Exports · NSE
Phoenix Overseas Limited, established in December 2002, is a B2B trading company specializing in animal feeds, agricultural produce, and commodities like corn, oil cakes, spices (such as dry red chillies, coriander, and cumin seeds), food grains, pulses, and tea. It also manufactures jute, cotton, canvas, and leather bags, along with fashion accessories like purses and wallets for clients in Europe, the UAE, and Australia. Based in Sodhpur, Kolkata, the company stands out for its ability to switch between exports and imports based on market demand and pricing. Serving both national and international long-term clients, Phoenix Overseas Limited employs 29 people and 3 contractual staff as of September 2024.
Price Band
₹61 – ₹64
Issue Size
₹36.03 Cr
Lot Size
2000 shares
GMP
+23.4%
Est. Listing
₹79
at current GMP
Subscribed
125.52x
overall
Open
20 Sep 2024
Close
24 Sep 2024
Allotment
25 Sep 2024
Refund
26 Sep 2024
Demat Credit
27 Sep 2024
Listing
27 Sep 2024
Designated Registrar: Cameo Corporate Services Limited
Allotment Date
25 Sep 2024
Basis finalization
Refunds Initiate
26 Sep 2024
Mandate release
Demat Credit
27 Sep 2024
Shares in demat
Listing Debut
27 Sep 2024
Trading begins
Phoenix Overseas Limited is bringing an initial public offering (IPO) in the Trading & Exports sector with an aggregate issue size of ₹36.03 Crores. The shares are offered at a price band of ₹61 to ₹64 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 2000 shares (approx. ₹1,28,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-09-27, while un-allotted funds or UPI block mandates will be released on 2024-09-26.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.