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Fone4 Communications IPO is a fixed price issue of ₹6.80 crores. The issue is entirely a fresh issue of 0.68 crore shares of ₹6.80 crore.
Fone4 Communications IPO bidding started from Apr 25, 2022 and ended on Apr 27, 2022. The allotment for Fone4 Communications IPO was finalized on May 2, 2022. The shares got listed on BSE SME on May 6, 2022.
Fone4 Communications IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Fone4 Communications IPO RHP for detailed Information.
| IPO Date | April 25, 2022 to April 27, 2022 |
| Listing Date | May 6, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 68,00,000 shares (aggregating up to ₹6.80 Cr) |
| Reserved for Market Maker | 3,40,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.3400 Cr) |
| Net Offered to Public | 64,60,000 shares (aggregating up to ₹6.46 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,02,50,000 shares |
| Share Holding Post Issue | 1,70,50,000 shares |
Fone4 Communications IPO offers total 68,00,000 shares. Out of which 32,30,000 (47.50%) allocated to NII, 32,30,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,40,000 (5.00%) |
| NII (HNI) Shares Offered | 32,30,000 (47.50%) |
| Retail Shares Offered | 32,30,000 (47.50%) |
| Total Shares Offered | 68,00,000 (100.00%) |
Fone4 Communications IPO opens on April 25, 2022, and closes on April 27, 2022.
| IPO Open Date | Mon, Apr 25, 2022 |
| IPO Close Date | Wed, Apr 27, 2022 |
| Tentative Allotment | Mon, May 2, 2022 |
| Initiation of Refunds | Wed, May 4, 2022 |
| Credit of Shares to Demat | Thu, May 5, 2022 |
| Tentative Listing Date | Fri, May 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 27, 2022 |
Investors can bid for a minimum of 10,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 3162.46 | 4927.98 | 16577.39 | 14225.44 | |
| Total Revenue | 2626.86 | 6380.25 | 5752.19 | 15242.89 | |
| Profit After Tax | -2.24 | -10.00 | -97.78 | -155.34 | |
The market capitalization of Fone4 Communications IPO is ₹17.05 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 142.86 |
The Objects of the Issue are:
[Dilip Davda] The company has posted inconsistency in its top line with losses for fiscals 2019, 2020 and 2021. It has earned minuscule profits for 9M of FY22 and still has huge carried forward losses. Though the issue is at par value, there is no harm in skipping it as it has a negative P/E based on FY21 earnings and 143 P/E based on FY22 annualized working. Read detail review...
| Listing Date | May 6, 2022 |
| BSE Script Code | 543521 |
| NSE Symbol | |
| ISIN | INE0L3H01014 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.00 |
| Low | ₹9.50 |
| High | ₹10.00 |
| Last Trade | ₹9.50 |
Fone4 Communications (India) Ltd.
1st Floor, 45/692-B,
Ashna Arcade, Vylopilly Road,
Thammanam
Ernakulam, Kerala, 682032
Phone: +91 8606 777 777
Email: cs@fone4.in
Website: https://www.fone4.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Fone4 Communications IPO is a SME IPO of 68,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.80 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on April 25, 2022, and closes on April 27, 2022.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Fone4 Communications IPO using UPI as a payment gateway. Zerodha customers can apply in Fone4 Communications IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fone4 Communications IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fone4 Communications IPO opens on April 25, 2022 and closes on April 27, 2022.
Fone4 Communications IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Fone4 Communications IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Fone4 Communications IPO will be done on Monday, May 2, 2022, and the allotted shares will be credited to your demat account by Thursday, May 5, 2022. Check the Fone4 Communications IPO allotment status.
The Fone4 Communications IPO listing date is on Friday, May 6, 2022.
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