September 25, 2024
New Delhi, India
Phoenix Overseas IPO Share Allotment
Investors who participated in the Phoenix Overseas Limited IPO, which was open for subscription from September 20 to 24, are eagerly awaiting the share allotment status. The allotment is expected to be finalized on Wednesday, September 25.
The IPO of Phoenix Overseas, a company engaged in trading and marketing agricultural products and animal feed, saw strong demand, being subscribed 123 times, with significant interest from retail investors.
How to Check Phoenix Overseas IPO Allotment Status
Investors can check the IPO allotment status online through the NSE website or via the IPO registrar Cameo Corporate Services. Here’s how:
Steps to Check Allotment on Cameo Corporate Services:
- Go to the Cameo Corporate Services website: Cameo Corporate Services IPO status
- Click on Useful Links and select IPO Status.
- Choose Phoenix Overseas Ltd from the dropdown list.
- Enter your PAN or Application Number.
- Complete the captcha and click Submit.
Steps to Check Allotment on NSE Website:
- Visit the NSE IPO Allotment page: NSE IPO Status
- Login with your username and password.
- Select Phoenix Overseas Ltd.
- Verify your PAN details and enter your IPO application number.
- Click Submit to view your allotment status.
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Phoenix Overseas IPO Details
The ₹36.03 crore issue was divided into a fresh issue of 45.8 lakh shares (₹29.31 crore) and an offer-for-sale of 10.5 lakh shares (₹6.72 crore). The price band was set at ₹61 to ₹64 per share, with a minimum lot size of 2,000 shares.
The retail investor portion was heavily oversubscribed, with bids for 35.46 crore shares against 22.46 lakh shares reserved for them—subscribed 157 times. The Non-Institutional Investors (NIIs) portion was subscribed 110 times, while the Qualified Institutional Buyers (QIBs) portion saw 65.7 times subscription.
Phoenix Overseas IPO Listing Date
The IPO is expected to list on the exchange on September 27, with shares being credited to investors’ Demat accounts by September 26. Refunds will also be processed on the same day.
About Phoenix Overseas Limited
Founded in December 2002, Phoenix Overseas is a leading trader of animal feed and agricultural products, including corn, oil cakes, and spices. The company plans to use the IPO proceeds to meet working capital needs, pursue inorganic growth opportunities, and cover general corporate expenses.
Phoenix Overseas IPO was a success with high demand, especially among retail investors. Investors can now check the allotment status online before the IPO lists on September 27.
Disclaimer:
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