Fone4 Communications IPO Detail
Incorporated in 2014, Fone4 Communications (India) Limited is an online Electronic E-Commerce company. The company distributes a wide range of products online and offline such as electronic gadgets and accessories for Smart Phones, Laptops, Smart Television, etc. from major manufacturers such as Apple, Samsung, Oppo, Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One Plus, Dell, Lenovo, Asus, HP, Acer, Avita, TCL, Xiaomi, LG, and Sansui. Fone4 Communications is located in Kerela.
Fone4 Communications has 25 Showrooms with the brand name 'FONE4' in all major cities of Kerala including Calicut, Cochin, Kollam, Kottayam, Malappuram, Palakkad, Thrissur, among others. The company's warehouse is located in Kochi, Kerela.
Competitive Strengths:
- Strategic location and facilities.
- Wide distribution and marketing network.
- Diversified products portfolio and innovation.
Company Promoters
Mr. Sayyed Hamid and Mrs Roudha Zerlina are the company promoters.IPO Details
| IPO Opening Date | Apr 25, 2022 |
| IPO Closing Date | Apr 27, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹6.80 Cr |
| Fresh Issue | ₹6.80 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 1.19x | 1.33x | 1.26x | |
| Day 2 | - | - | 1.29x | 7.28x | 4.28x | |
| Day 3 | - | - | 7.43x | 22.07x | 14.75x |
IPO Tentative Timetable
The Fone4 Communications IPO open date is Apr 25, 2022, and the close date is Apr 27, 2022. The issue may list on May 06, 2022.
| IPO Open Date | Apr 25, 2022 |
| IPO Close Date | Apr 27, 2022 |
| Basis of Allotment Date | May 02, 2022 |
| Initiation of Refunds | May 04, 2022 |
| Credit of Shares to Demat Account | May 05, 2022 |
| IPO Listing Date | May 06, 2022 |
IPO Lot Size
The Fone4 Communications IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 1 lots (10000 shares or ₹100000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100000 |
| Maximum | 1 | 10000 | ₹100000 |
IPO Promoter Holding
| Pre Issue Share Holding | 95.12% |
| Post Issue Share Holding | 57.18% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-21 | 3162.46 | 2626.86 | -2.24 |
| 31-Mar-21 | 4927.98 | 6380.25 | -10.00 |
| 31-Mar-20 | 16577.39 | 5752.19 | -97.78 |
| 31-Mar-19 | 14225.44 | 15242.89 | -155.34 |
Objects of the Issue:
The Objects of the Issue are:
- To meet the working capital requirements of the company.
- To meet the Issue Expenses.
- General Corporate Purposes.
Fone4 Communications IPO Registrar:
Cameo Corporate Services Limited
Fone4 Communications IPO Lead Manager(s):
Finshore Management Services Limited (Past IPO Performance)
Company Contact Information:
Fone4 Communications
1st Floor, 45/692-B, Ashna Arcade, Vylopilly Road,
Thammanam
Ernakulam
