Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Mon, Apr 25, 2022 - Wed, Apr 27, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Apr 25, 2022
IPO Close
Wed, Apr 27, 2022
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹17.05 Cr
| IPO Date | 25 to 27 Apr, 2022 |
| Listed on | Fri, May 6, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 68,00,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 3,40,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.3400 Cr) |
| Fresh Issue (Ex Market Maker) | 64,60,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 64,60,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 1,02,50,000 shares |
| Share Holding Post Issue | 1,70,50,000 shares |
| BSE Script Code | 543521 |
| ISIN | INE0L3H01014 |
Fone4 Communications IPO comprises a total issue size of 68,00,000 shares. The net offer to the public is 64,60,000 shares, after excluding 3,40,000 shares allotted on a firm basis. Of the Net offer 32,30,000 (50.00%) allocated to NII 32,30,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 32,30,000 | 50.00% | 47.50% |
| Retail Shares Offered | 32,30,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,40,000 | 5.00% | |
| Total Shares Offered | 68,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 10,000 shares and in multiples thereof.
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet working capital requirement | 6.01 |
| 2 | Public issue expenses | 0.50 |
| 3 | General corporate purpose | 0.30 |
| KPI | |
|---|---|
| RoNW | 0% |
| EBITDA Margin | 4.21% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | -0.57 | |
| P/E (x) | 142.86 | |
| Promoter Holding | 95.12% | 57.18% |
| Market Cap | ₹17.05 Cr. |
The Fone4 Communications IPO is subscribed 14.75 times on April 27, 2022 7:51:00 PM (Day 3). The public issue subscribed 22.07 times in the retail category, [.] times in the QIB category, and 7.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 7.43 | 32,30,000 | 2,40,10,000 |
| Retail | 22.07 | 32,30,000 | 7,13,00,000 |
| Total | 14.75 | 64,60,000 | 9,53,10,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries’ fees | 0.25 |
| 2 | Advertising and Marketing Expenses | 0.03 |
| 3 | Regulators Including Stock Exchanges | 0.21 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹10.00 |
| Low | ₹9.50 |
| High | ₹10.00 |
| Last Trade | ₹9.50 |
Lead Manager Reports
Fone4 Communications IPO is a SME IPO of 68,00,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on Mon, Apr 25, 2022, and closes on Wed, Apr 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 Mon, Apr 25, 2022 and closes on Wed, Apr 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 Thu, May 5, 2022. Check the Fone4 Communications IPO allotment status.
The Fone4 Communications IPO listing date is on Fri, May 6, 2022.
