Phoenix Overseas IPO vs SD Retail IPO

Comparision between Phoenix Overseas IPO and SD Retail IPO.

IPO Details

Phoenix Overseas IPO is a SME Book Built Issue IPO proposed to list at NSE SME while SD Retail IPO is a SME Book Built Issue proposed to list at NSE SME.

	Phoenix Overseas IPO	SD Retail IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Khandwala Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Phoenix Overseas IPO is up to ₹36.03 Cr whereas the issue size of the SD Retail IPO is up to ₹64.98 Cr. The final issue price of Phoenix Overseas IPO is ₹64.00 per share and of SD Retail IPO is ₹131.00 per share.

	Phoenix Overseas IPO	SD Retail IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹61.00 per share	₹124.00 per share
Issue Price (Upper)	₹64.00 per share	₹131.00 per share
Issue Price (Final)	₹64.00 per share	₹131.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	45,80,000 shares	49,60,000 shares
Fresh Issue Size (Amount)	up to ₹29.31 Cr	up to ₹64.98 Cr
OFS Issue Size	10,50,000 shares
OFS Issue Size (Amount)	up to ₹6.72 Cr
Issue Size Total	56,30,000 shares	49,60,000 shares
Issue Size Total (Amount)	up to ₹36.03 Cr	up to ₹64.98 Cr

IPO Timetable

Phoenix Overseas IPO opens on Sep 20, 2024, while SD Retail IPO opens on Sep 20, 2024. The closing date of Phoenix Overseas IPO and SD Retail IPO is Sep 24, 2024, and Sep 24, 2024, respectively.

	Phoenix Overseas IPO	SD Retail IPO
Anchor Bid Date		Sep 19, 2024
Issue Open	Sep 20, 2024	Sep 20, 2024
Issue Close	Sep 24, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 26, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 27, 2024
Anchor Lockin End date 1		Oct 24, 2024
Anchor Lockin End date 2		Dec 23, 2024

Financials

Phoenix Overseas IPO P/E ratio is 17.18, as compared to SD Retail IPO P/E ratio of 23.73.

Phoenix Overseas IPO

SD Retail IPO

Financial

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

SD Retail Limited Financial Information (Restated)

SD Retail Limited's revenue increased by 20% and profit after tax (PAT) rose by 77% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,225.54	8,835.65	7,759.56
Revenue	16,328.48	13,568.86	12,873.65
Profit After Tax	759.76	430.17	1,011.06
Net Worth	4,179.98	3,420.22	2,990.04
Reserves and Surplus	4,054.87	3,357.66	2,927.49
Total Borrowing	4,354.72	2,051.31	1,844.13
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.16%

88.82%

Promoter Shareholding (Post-Issue)

65.29%

P/E Ratio

17.18

23.73

Market Cap

₹123.81 Cr.

₹245.26 Cr.

ROE

10.74%%

6.29%%

ROCE

15.28%%

15.61%%

Debt/Equity

0.59

1.04

EPS

₹3.72

₹5.52

RoNW

10.74%%

18.18%%

Shares Offered

In the Phoenix Overseas IPO retail investors (RII) are offered 22,46,000 shares while in SD Retail IPO retail investors are offered 22,46,000 shares. Qualified institutional buyers (QIB) are offered 8,02,000 shares in Phoenix Overseas IPO and 9,42,000 shares in SD Retail IPO.

	Phoenix Overseas IPO	SD Retail IPO
Anchor Investor Reserveration		14,12,000 shares
Market Maker Reserveration	1,96,000 shares	2,50,000 shares
QIB	8,02,000 shares	9,42,000 shares
NII	23,86,000 shares	7,07,000 shares
RII	22,46,000 shares	16,49,000 shares
Employee	0 shares	0 shares
Others
Total	54,34,000 shares	32,98,000 shares

Bids Received (Subscription)

Phoenix Overseas IPO subscribed 119.22x in total, whereas SD Retail IPO subscribed 97.08x.

	Phoenix Overseas IPO	SD Retail IPO
QIB (times)	65.74x	69.84x
NII (times)	109.71x	207.62x
Big NII (times)
Small NII (times)
RII (times)	148.43x	65.25x
Employee (times)
Other (times)
Total (times)	119.22x	97.08x

Compare with others

Phoenix Overseas IPO	SD Retail IPO
TechEra Engineering IPO	Kalana Ispat IPO
Divyadhan Recycling Industries IPO	Avi Ansh Textile IPO
Kalana Ispat IPO	Rappid Valves (India) IPO
Avi Ansh Textile IPO	Phoenix Overseas IPO
Rappid Valves (India) IPO	WOL 3D IPO
WOL 3D IPO	BikeWo GreenTech IPO
SD Retail IPO	Pelatro IPO
BikeWo GreenTech IPO	Osel Devices IPO
Pelatro IPO	Paramount Speciality Forgings IPO
Osel Devices IPO	Popular Foundations IPO

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