Exploring Phoenix Overseas Limited: A Comprehensive Overview

Introduction to Phoenix Overseas Limited

Phoenix Overseas Limited, established in December 2002, has carved a niche for itself in the B2B trading sector, focusing primarily on agricultural commodities, animal feeds, and fashion accessories. Headquartered in West Bengal, India, the company has expanded its operations to serve both national and international markets, with a strong emphasis on quality and competitive pricing.

Business Operations

Phoenix Overseas Limited engages in the trading and marketing of a diverse range of products:

• Agricultural Commodities and Animal Feeds: The company trades in corn, oil cakes, various spices like dry red chillies, coriander, cumin seeds, food grains, pulses, and tea. This segment underscores their commitment to the agricultural sector, providing essential feeds and commodities that support farming and animal husbandry.
• Fashion Accessories: Beyond agriculture, Phoenix Overseas has ventured into manufacturing stylish bags made from materials like jute, cotton, canvas, and leather. These products cater to a global clientele, particularly in Europe, the UAE, and Australia, focusing on eco-friendly and fashionable designs.

Financial Performance

The financial health of Phoenix Overseas Limited reflects robust growth:

• Revenue: There was a notable 22% increase in revenue from the financial year ending March 31, 2023, to March 31, 2024, indicating a strong market presence and operational efficiency.
• Profit After Tax (PAT): A significant 46% rise in PAT over the same period showcases the company’s profitability and operational leverage.

IPO Details (Check more details)

Phoenix Overseas Limited launched its SME IPO with the following specifics:

• IPO Dates: Opened on September 20, 2024, and closed on September 24, 2024.
• Price Band: ₹61 to ₹64 per share.
• Issue Size: Approximately ₹36.03 crores, with a fresh issue component and an offer for sale.
• Lot Size: 2,000 shares, indicating the minimum investment required for retail investors.

The IPO aimed at raising funds for various corporate purposes, potentially including expansion, debt repayment, or new projects.

Leadership and Governance

The company is led by a board of directors with extensive experience in trading, manufacturing, and international business, which includes names like Aparesh Nandi, Jayanta Kumar Ghosh, and Uday Narayan Singh. Their diverse directorships across various sectors suggest a well-networked and experienced leadership team.

Sustainability and Market Position

Phoenix Overseas Limited’s approach towards sustainability, especially through its jute and eco-friendly products, positions it favorably in markets increasingly concerned with environmental impact. Their international client base and the expansion into home automation and security systems under new segments indicate a strategic move towards diversification and future-proofing their business model.

Conclusion

Phoenix Overseas Limited stands out with its dual focus on agricultural trading and fashion accessories, leveraging its expertise in both sectors to cater to a global audience. With a successful IPO and promising financial performance, the company is well-positioned for future growth, aiming to enhance its market share both domestically and internationally.