What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Phoenix Overseas Limited IPO?

Based on the upper price band of ₹64 and current GMP of ₹15, the estimated listing price is ₹79 (approx. 23.4% gain).

What is the expected profit per lot for Phoenix Overseas Limited IPO?

With a lot size of 2000 shares and current GMP of ₹15, expected profit per retail application lot is approximately ₹30,000.

IPO GreyPremiumLIVE

Grey Market Intelligence

Phoenix Overseas Limited

ListedSME

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

₹15

+23.4%

Est. Listing

₹79

at current GMP

Subscribed

125.52x

overall

Open

20 Sep 2024

24 Sep 2024

Allotment

25 Sep 2024

Refund

26 Sep 2024

Demat Credit

27 Sep 2024

Listing

27 Sep 2024

Last updated 12 months ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Phoenix Overseas Limited GMP Today

Last updated: 19 Nov 2025

Current Premium

₹15+23.4%

Issue Price (Upper)

₹64

Band: ₹61 – ₹64

Estimated Listing Price

₹79

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,28,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹15	23.4%	₹79
30 Oct 2026	+₹15	23.4%	₹79
29 Oct 2026	+₹14	21.1%	₹78

About Phoenix Overseas Limited Public Issue & Market Profile

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.

Public Issue & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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.

Frequently Asked Questions

What is Phoenix Overseas Limited IPO GMP today?

The latest grey market premium for Phoenix Overseas Limited IPO is ₹15, which indicates an expected listing price of ₹79.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.