Phoenix Overseas Limited
LISTEDSME IPO · IPO Guide
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,28,000 |
| Retail (Max) | 2 | 4,000 | ₹2,56,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,84,000 |
| S-HNI (Max) | 7 | 14,000 | ₹8,96,000 |
| B-HNI (Min) | 8 | 16,000 | ₹10,24,000 |
As per financials, Phoenix Overseas Limited has shown good sales growth, RoNW is 10.74% and P/E is respectively 31.71, 33.33 and 23 as per FY22, FY23 and FY24 earnings. So, issue looks fully priced, but sudden rise in net-profit raises doubts and its mainly due to lower input / material cost. Company is engaged into trading and marketing of animal feeds and agricultural produce and commodities as well as three star export house, which is highly competitive and fragmented business segment. So, we give rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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