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 current subscription status of Phoenix Overseas Limited IPO?

Phoenix Overseas Limited IPO has received a total subscription of 125.52 times overall.

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

125.52x

Total Demand

QIB Multiplier

65.91x

Institutions & Funds

NII / HNI

114.74x

High Net-Worth

Retail (RII)

157.75x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 125.52x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	800,000	52,724,000	65.91x
NIB	2,300,000	263,910,000	114.74x
RETAIL	2,248,000	354,622,000	157.75x
Total	5,348,000	671,256,000	125.52x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 156.23x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	985	155,384	157.75x
HNIs (10L +)	6	688	114.74x
HNIs (2-10L)	30	3,442	114.74x
Total Applications	1,021	159,514	156.23x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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 Schedule:

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 (GMP) for Phoenix Overseas Limited IPO is ₹15 per equity share. Based on the upper price band of ₹61 to ₹64 per equity share, the estimated listing price is ₹79 (+23.4% expected listing 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, the expected profit per application lot is approx ₹30,000 (+23.4% gain). Minimum application cost is approx ₹1,28,000.

What is the issue size and price band for Phoenix Overseas Limited IPO?

The Phoenix Overseas Limited IPO aggregate issue size is ₹36.03 Crores with an equity price band set at ₹61 to ₹64 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,28,000.

How can I check Phoenix Overseas Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 125.52x (Retail: 157.75x, QIB: 65.91x, NII: 114.74x). You can track live multiples directly on our dedicated subscription page.

Where and when will Phoenix Overseas Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2024-09-25. Investors can verify status using PAN card or application number.

When is the listing date for Phoenix Overseas Limited IPO?

Phoenix Overseas Limited shares are scheduled to list on NSE on 2024-09-27.