Fonebox Retail Limited IPO
NSE SMEListed On: Feb 2, 2024 at ₹ 200.0
₹ 280000 /4000 Shares
*Min Investment
25 Jan, 2024
Open Date30 Jan, 2024
Close Date31 Jan, 2024
Allotment Date02 Feb, 2024
Listing DateFonebox Retail Limited IPO Issue Details
- Issue Price ₹66-70 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 29,10,000 shares(aggregating up to ₹20.37 crore)
- Fresh Share 29,10,000 shares(aggregating up to ₹20.37 crore)
- Listing at NSE SME
- List Price 200.0
- Listing Date 2024-02-02
- Lead Manager Beeline Capital Advisors Pvt Ltd
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,40,000 |
| Retail(max) | 1 | 2000 | ₹1,40,000 |
| NII (min) | 2 | 4,000 | ₹2,80,000 |
Fonebox Retail Limited IPO Reservation
Fonebox Retail Limited IPO offers total 2,910,000 shares. Out of which 556,000 (19.11%) allocated to QIB, 416,000 (14.3%) allocated to NII,970,000 (33.33%) allocated to RII, NA (NA%) allocated to employees and 826,000 (28.38%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 826,000 (28.38%) | |
| Market Maker Shares Offered | 146,000 (5.02%) | |
| QIB Shares Offered | 556,000 (19.11%) | |
| NII (HNI) Shares Offered | 416,000 (14.3%) | |
| Retail Shares Offered | 970,000 (33.33%) | |
| Total Shares Offered | 2,910,000 (100%) |
Fonebox Retail Limited IPO Details
Fonebox Retail Limited IPO is an SME IPO, priced at ₹66-70 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 29,10,000 equity shares, aggregating up to ₹20.37 crores..
The IPO bidding window is open from Jan 25, 2024 to Jan 30, 2024. The allotment is expected to be finalized on Jan 31, 2024, and the tentative listing date is Feb 2, 2024.
The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,40,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,80,000.
Beeline Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Spread X Securities Private Limited will act as the market maker for this issue.
Fonebox Retail Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 556,000 / 416,000 | 970,000 | 1,938,000 |
Day 1 25-01-24 06:00 PM | 0.01 / 9.93 x | 25.47 x | 14.88 x |
Day 2 29-01-24 06:00 PM | 3.82 / 143.88 x | 300.01 x | 182.14 x |
Day 3 30-01-24 06:00 PM | 138.69 / 820.34 x | 886.32 x | 659.50 x |
Fonebox Retail Limited Valuations
Fonebox Retail Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 3,861.05 | 2,110.70 | 71.08 |
| Revenue | 19,626.09 | 9,092.33 | 9.92 |
| Profit After Tax | 159.86 | 12.79 | -2.36 |
About Fonebox Retail Limited Company
Fonebox Retail Limited is one of the popular multi-brand outlets for smartphones along with accessories developed by Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.
The Fonebox sells its products under its two brand names, Fonebook and Fonebox.
In addition to multi-brand retailing, the company engages in multi-brand retailing of consumer durables like laptops, washing machines, smart TVs, air conditioners, refrigerators, etc., under the brands of TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.
The company provides credit/EMI facilities to its customers for buying its products, for which the company has partnered with major leading financial institutions such as Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank.
As of 25 September 2023, the company had in total 153 stores in Gujarat state. This comprises 40 retail stores company-owned and company-operated (COCO model) and 113 under franchisee and company-operated model (FOCO model), which are spread over more than 20 cities of Gujarat.
The total number of people working for the company as of 31 July 2023 stands at 130.
Fonebox Retail Limited - Promoter(s)
Mr. Manishbhai Girishbhai Patel, Mr. Jigar Lallubhai Desai, Mr. Parth Lallubhai Desai, Mr. Jigneshkumar Dashrathlal Parekh And Mr. Amitkumar Gopalbhai Patel
Pre Issue Share Holding : 100%
Post Issue Share Holding : 71.64%
Fonebox Retail Limited IPO - Issue Objectives
To Meet Working Capital Requirements
General corporate purposes
To meet Public Issue Expenses
Fonebox Retail Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Fonebox Retail Limited | 2.35 | N/A | 42.05 | 32.18 | 76.15 | 1.66 | Standalone |
| Jay Jalaram Technologies Limited | 2.55 | N/A | 21.22 | 71.73 | 10.62 | 8.62 | Standalone |
| Bhatia Communications & Retail (India) Ltd | 0.68 | N/A | 4.36 | 25.1 | 15.55 | 3.9 | Standalone |
Notes:
- RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital and reserves and surplus reduced by preliminary expenses.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
- Current Market Price (CMP) is taken as the closing price of respective scripts as on March 31, 2023, at NSE & BSE, as applicable. For Fonebox Retail Limited, the Current Market Price is the same as the issue price of equity shares.
- The figures as of March 31, 2023, are taken from the financial results uploaded on respective Stock Exchange(s).
Contact Details
Fonebox Retail Limited
702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court, S G Road, Ahmedabad- 380061
+079 46025304
Registrar Contact Details
Fonebox Retail Limited IPO - FAQs
Ans. Fonebox Retail Limited IPO is a SME IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Jan 25, 2024, and closes on Jan 30, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Fonebox Retail Limited IPO opens on Jan 25, 2024 and closes on Jan 30, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Fonebox Retail Limited IPO is 2,910,000 shares(aggregating up to ₹20.37 Cr).
Ans. The Fonebox Retail Limited IPO price band is set between ₹66-70 per equity share.
Ans. To apply for Fonebox Retail Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Fonebox Retail Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Fonebox Retail Limited IPO is Jan 31, 2024.
Ans. The Fonebox Retail Limited IPO will be listed on Feb 2, 2024.
Ans. Follow the steps to check the Fonebox Retail Limited IPO allotment status online.
