Phoenix Overseas Limited, originally incorporated as “Phoenix Commodity Export Private Limited” on December 31, 2002, has undergone several name changes, finally becoming a public limited company known as “Phoenix Overseas Limited” on November 14, 2011. The company is engaged in the trading and marketing of various agricultural products, including animal feeds, corn, oil cakes, spices, food grains, and pulses, with a focus on B2B trading and exports, particularly to Bangladesh. Phoenix also manufactures fashion accessories like jute, cotton, canvas, and leather bags, which are sold in markets such as France, Italy, Germany, and the UAE. In addition to these activities, the company has ventured into the food preservation business after acquiring a multipurpose cold storage facility with a capacity of over 11,827 MT, located near the Indo-Bangladesh border, where it handles a variety of food products like potatoes, apples, and oranges. Phoenix emphasizes its commitment to quality, competitive pricing, and maintaining strong client relationships to drive its growth in both domestic and international markets.

For year/ period ended (Rs. in lacs.)

For year/ period ended ( in Cr.)

• Strong Presence in Agro Commodities.
• Star Export House Certification.
• Logistical Advantage in Railways.
• Proximity to the Indo-Bangladesh Border.

• Funding Working Capital Requirements.
• Pursuing Inorganic Growth Initiatives.
• General corporate purposes.

The company’s revenue increased significantly in last two financials, however it operates at margin. The company is expected to list at PE(x) 22.5 at the upper price. So, we maintain a neutral position regarding the subscription to the IPO. Only investors with a higher risk appetite may consider subscribing for listing gains.