Fonebox Retail IPO vs Maxposure IPO

Comparison between Fonebox Retail IPO and Maxposure IPO.

IPO Details

Fonebox Retail IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Maxposure IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Fonebox Retail IPO is up to ₹19.35 Cr whereas the issue size of the Maxposure IPO is up to ₹19.03 Cr. The final issue price of Fonebox Retail IPO is ₹70.00 per share and of Maxposure IPO is ₹33.00 per share.

 Fonebox Retail IPOMaxposure IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share₹31.00 per share
Issue Price (Upper)₹70.00 per share₹33.00 per share
Issue Price (Final)₹70.00 per share₹33.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares4000 shares
Fresh Issue Size27,64,000 shares57,68,000 shares
Fresh Issue Size (Amount)up to ₹19.35 Crup to ₹19.03 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,64,000 shares57,68,000 shares
Issue Size Total (Amount)up to ₹19.35 Crup to ₹19.03 Cr

IPO Timetable

Fonebox Retail IPO opens on Jan 25, 2024, while Maxposure IPO opens on Jan 15, 2024. The closing date of Fonebox Retail IPO and Maxposure IPO is Jan 30, 2024, and Jan 17, 2024, respectively.

 Fonebox Retail IPOMaxposure IPO
Anchor Bid DateJan 24, 2024Jan 12, 2024
Issue OpenJan 25, 2024Jan 15, 2024
Issue CloseJan 30, 2024Jan 17, 2024
Basis Of Allotment (Tentative)Jan 31, 2024Jan 18, 2024
Initiation of Refunds (Tentative)Feb 01, 2024Jan 19, 2024
Credit of Share (Tentative)Feb 01, 2024Jan 19, 2024
Listing date (Tentative)Feb 02, 2024Jan 23, 2024
Anchor Lockin End date 1Mar 01, 2024Feb 17, 2024
Anchor Lockin End date 2Apr 30, 2024Apr 17, 2024

Financials & KPIs

Fonebox Retail IPO P/E ratio is 32.18, as compared to Maxposure IPO P/E ratio of 12.42.

 Fonebox Retail IPOMaxposure IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.4238.6121.110.71
Total Income140.23196.2690.920.10
Profit After Tax1.551.600.13-0.02
NET Worth9.172.100.600.12
Reserves and Surplus1.901.700.10-0.02
Total Borrowing5.0710.585.84
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets53.5548.7944.8540.10
Total Income20.5933.5633.2122.47
Profit After Tax3.714.410.350.36
NET Worth34.7831.1426.6626.31
Reserves and Surplus31.4627.7523.3422.99
Total Borrowing4.623.342.944.19
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0084.35
Promoter Shareholding (Post-Issue)71.6461.58
P/E Ratio32.1812.42
Market Cap₹71.82 Cr.₹75.05 Cr.
ROE118.20%14.39%
ROCE34.55%19.55%
Debt/Equity5.030.03
EPS₹2.17₹2.66
RoNW76.15%14.20%

Shares Offered

In the Fonebox Retail IPO Retail Individual Investors (RII) are offered 9,70,000 shares while in Maxposure IPO retail investors are offered 9,70,000 shares. Qualified Institutional Buyers (QIB) are offered 5,52,000 shares in Fonebox Retail IPO and 11,40,000 shares in Maxposure IPO.

 Fonebox Retail IPOMaxposure IPO
Anchor Investor Reservation8,26,000 shares17,00,000 shares
Market Maker Reservation1,46,000 shares3,72,000 shares
QIB5,52,000 shares11,40,000 shares
NII4,16,000 shares8,80,000 shares
RII9,70,000 shares20,48,000 shares
Employee
Others
Total27,64,000 shares57,68,000 shares

Bids Received (Subscription)

Fonebox Retail IPO subscribed 659.42x in total, whereas Maxposure IPO subscribed 987.47x.

 Fonebox Retail IPOMaxposure IPO
QIB (times)138.69x162.35x
NII (times)819.99x1,947.55x
Big NII (times)
Small NII (times)
RII (times)886.32x1,034.23x
Employee (times)
Other (times)
Total (times)659.42x987.47x

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