Fonebox Retail Limited IPO Detail
Fonebox Retail Limited is a multi-brand retailer of smartphones and accessories from manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.
The company operates under two brand names Fonebook and Fonebox.
The company is also engaged in multi-brand retailing of consumer durables such as laptops, washing machines, smart TVs, air conditioners, refrigerators, etc. from brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.
The company offers credit/EMI facilities to its customers for the purchase of its products for which the company has tied up with major leading financial institutions like Bajaj Finance, HDB Financial Service, HDFC Bank and IDFC First Bank.
As of September 25, 2023, the company had a total of 153 stores in the state of Gujarat. Of these, 40 are company-owned and company-operated retail stores ("COCO model") and 113 are under the franchisee and company-operated model ("FOCO model") spread across more than 20 cities in Gujarat.
As on July 31, 2023, the company employed a total of 130 people.
Company Promoters
Mr. Manishbhai Girishbhai Patel, Mr. Jigar Lallubhai Desai, Mr. Parth Lallubhai Desai, Mr. Jigneshkumar Dashrathlal Parekh And Mr. Amitkumar Gopalbhai PatelIPO Details
| IPO Opening Date | Jan 25, 2024 |
| IPO Closing Date | Jan 30, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 - 70 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.37 Cr |
| Fresh Issue | ₹20.37 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | - | - | 4.15x | 55.99x | 14.05x |
| Day 2 | 0.01x | - | - | 4.15x | 55.99x | 14.05x |
| Day 3 | 3.82x | - | - | 143.21x | 296.18x | 180.08x |
| Day 4 | 138.69x | - | - | 818.95x | 882.52x | 657.30x |
IPO Tentative Timetable
The Fonebox Retail Limited IPO open date is Jan 25, 2024, and the close date is Jan 30, 2024. The issue may list on Feb 02, 2024.
| IPO Open Date | Jan 25, 2024 |
| IPO Close Date | Jan 30, 2024 |
| Basis of Allotment Date | Jan 31, 2024 |
| Initiation of Refunds | Feb 01, 2024 |
| Credit of Shares to Demat Account | Feb 01, 2024 |
| IPO Listing Date | Feb 02, 2024 |
IPO Lot Size
The Fonebox Retail Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹140000 |
| Maximum | 1 | 2000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.64% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 71.08 | 9.92 | -2.36 |
| 31-Mar-22 | 2110.70 | 9092.33 | 12.79 |
| 31-Mar-23 | 3861.05 | 19626.09 | 159.86 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General corporate purposes
- To meet Public Issue Expenses
Fonebox Retail Limited IPO Registrar:
KFin Technologies Limited
Fonebox Retail Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Fonebox Retail Limited
702/703, 7th Floor,
Satyam 64, Opp. Gujarat High Court,
S G Road, Ahmedabad- 380061
