Phoenix Overseas IPO oversubscribed by a whopping 125 times , Check the Current GMP here
Phoenix Overseas Ltd trades and markets animal feeds, agricultural produce, and commodities, focusing on corn/maize and oil cakes. The company also manufactures bags for men and women made of jute, cotton, canvas, and leather, along with various fashion accessories. Its clients are primarily in Europe (France, Italy, Germany), the UAE, and Australia. The manufacturing facility is located in Sodhpur, Kolkata, where they produce purses, wallets, and other shopping and fashion bags.
Phoenix Overseas IPO Subscription Details
| Category | Subscription (times) |
|———- |———————–|
| QIBs | 65.91 |
| NII | 114.74 |
| Retail | 157.75 |
| Total |125.52 |
Also Read : SD Retail Ltd IPO oversubscribed by 97.2 times . Check GMP & Allotment here
Phoenix Overseas IPO Allotment & Listing Dates
The results of the allotment will be out on Wednesday i.e. 25/09/2024 and will List on Friday i.e. 27/09/2024 .
To check the allotment, click here
Phoenix Overseas IPO GMP Today
The current GMP of the company is around Rs.23-25 which is around 37% of the Issue price . It is expected that investors can get a profit of 37% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
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