Incorporated in December 2002, Phoenix Overseas Limited trades and markets animal feeds, agricultural produce, and commodities, including corn, oil cakes, spices like dry red chillies, coriander, cumin seeds, food grains, tea, pulses, soya bean meal, and rice bran de-oiled cake. Phoenix Overseas Limited is a B2B trading company primarily specialising in corn/maize and oil cakes.
The company is involved in the manufacturing of bags for men and women made of jute, cotton, canvas, and leather, as well as various other fashion accessories. Their clients are based in European countries like France, Italy, Germany, the UAE, and also in Australia. The company’s manufacturing facility is located in Sodhpur, Kolkata. Additionally, the company manufactures purses, wallets, as well as other shopping and fashion bags for its clients.
Competitive Strength
As of September 2024, the company had 29 employees and 3 contractual employees, including its directors, responsible for various business functions.
Phoenix Overseas Limited’s revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 13,162.58 | 14,686.47 | 9,480.59 | |||||||||||||||||||||||||||
| Revenue | 54,915.1 | 45,131.61 | 37,828.19 | |||||||||||||||||||||||||||
| Profit After Tax | 549.93 | 375.48 | 391.36 | |||||||||||||||||||||||||||
| Net Worth | 5,012.26 | 4,570.52 | 4,246.59 | |||||||||||||||||||||||||||
| Reserves and Surplus | 4,520.06 | 4,078.32 | 3,754.39 | |||||||||||||||||||||||||||
| Total Borrowing | 2,937.11 | 3,447.24 | 2,981.26 | |||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||
The market capitalization of Phoenix Overseas IPO is Rs 123.81 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 10.74% |
| ROCE | 15.28% |
| Debt/Equity | 0.59 |
| RoNW | 10.74% |
| PAT Margin (%) | 0.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.72 | 2.84 |
| P/E (x) | 17.18 | 22.51 |
The company proposes to utilize the Net Proceeds from the Offer towards the following objects:
| IPO Date | September 19, 2024 to September 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹61 to ₹64 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 5,630,000 shares (aggregating up to ₹36.03 Cr) |
| Fresh Issue | 4,580,000 shares (aggregating up to ₹29.31 Cr) |
| Offer for Sale | 1,050,000 shares of ₹10 (aggregating up to ₹6.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 14,766,018 |
| Share holding post issue | 19,346,018 |
| Market Maker portion | 196,000 shares |
The company's promoters are Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh, BCPL Railway Infrastructure Limited, AN Dealers LLP, JKG Commercial LLP, UNS Commercial LLP and Tricon Logistics Engineering Consultancy Private Limited and Kanhai Singh Welfare Trust.
| Share Holding Pre Issue | 99.16% |
| Share Holding Post Issue |
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As per our analysis and Based on the information we have, this is the output.
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