Business Standard

Phoenix Overseas Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

36.03 cr

Price Range (₹)

64

Lot Size

2000

Min Investment (₹)

1,28,000.00

Listing Exchange

NSE - SME

Open Date

20-Sept-2024

Close Date

24-Sept-2024

Listing Date

27-Sept-2024

Phoenix Overseas Ltd News

    The Shares of Phoenix Overseas Ltd have now been listed.

    Phoenix Overseas Ltd IPO Details

    Initial public offer of up to 56,30,000 equity shares of face value Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 64/- per equity share (including a securities premium of Rs. 54- per equity share) (the Offer Price), aggregating upto Rs. 36.03 crores (Offer), comprising of fresh offer of upto 45,80,000 equity shares aggregating to Rs. 29.31 crores (the Fresh Offer) and an offer for sale of upto 10,50,000 equity shares by Aparesh Nandi, Uday Narayan Singh and Jayanta Kumar Ghosh (The Selling Shareholder) (Offer for Sale) aggregating to Rs. 6.72 crores, out of which 2,82,000 equity shares aggregating to Rs. 1.80 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 53,48,000 equity shares of face value of Rs. 10 each at an offer price of Rs. 64/- per equity share aggregating to Rs. 34.23 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 29.10% and 27.64%, respectively of the post offer paid up equity share capital of the company.

    Objective of issue

    Funding its working capital requirements. Pursuing inorganic growth initiatives. General corporate purposes.

    Phoenix Overseas Ltd Contact Details

    Phoenix Overseas Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - cs@phxglobal.net

    Website - www.phxglobal.net