Phoenix Overseas IPO Review

Phoenix Overseas Limited is a Trading house, recognized by the ministry of Commerce, Govt. of India. The group has always believed strongly in the concept of collaborative growth which leads to its emerging as a successful business conglomerate dealing in various sectors, which include export of commodities, manufacturing/exporting jute bags (www.bagsindia.com), handicrafts, as well as multipurpose cold store, with potato cold store.

The Company is promoted by Aparesh Nandi, Jayanta Kumar Ghosh and Uday Narayan Singh. They are the guiding force behind the growth of the Company and possesses more than two decades of experience in the trading & export of agricultural commodities along with other allied products.

Financially, Revenue in Fiscal 2024, Fiscal 2023 and Fiscal 2022 was ₹54,915.10 Lakhs, ₹45,131.61 Lakhs and ₹37,828.19 Lakhs, respectively. The EBITDA for the Fiscals 2024, 2023 and 2022 were ₹1,297.17 Lakhs, ₹1,198.24 Lakhs and ₹956.99 Lakhs respectively. The Profit after Tax for the Fiscals 2024, 2023 and 2022 were ₹538.38 Lakhs, ₹371.49 Lakhs and ₹390.52 Lakhs respectively.

For the Phoenix IPO, the company is issuing shares at a pre-issue EPS of ₹411.71 and a post-issue EPS of ₹2.78. The pre-issue P/E ratio is 5.46x, while the post-issue P/E ratio is 23.02x. The company's ROCE for FY24 is 23.88% and ROE for FY24 is 10.97%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Phoenix Overseas showing potential listing gains of 30% - 35%. Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Phoenix Overseas Limited IPO for Listing gain or long term investment purposes.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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