Phoenix Overseas Limited IPO Opens on September 20, 2024
Mumbai (Maharashtra) [India], September 19: Phoenix Overseas Limited excels in trading and manufacturing agricultural commodities, animal feeds, fashion accessories, and food preservation, proposes to open its Initial Public Offering on September 20, 2024, aiming to raise ₹ 36.03 Crores with shares to be listed on the NSE Emerge platform.
The issue size is Up To 56,30,000 equity shares at a face value of ₹ 10 each.
Equity Share Allocation
● Qualified Institutional Buyer – 8,02,000 Equity Shares
● Non-Institutional Investors – At Least 23,00,000 Equity Shares
● Retail Individual Investors – At Least 22,46,000 Equity Shares
● Market Maker – 2,82,000 Equity Shares
The net proceeds from the IPO will be utilized for Funding of working capital requirements, Pursuing Inorganic Growth Initiatives ...










