Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Fonebox Retail IPO is a book build issue of ₹20.37 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹20.37 crore.
Fonebox Retail IPO bidding started from Jan 25, 2024 and ended on Jan 30, 2024. The allotment for Fonebox Retail IPO was finalized on Jan 31, 2024. The shares got listed on NSE SME on Feb 2, 2024.
Fonebox Retail IPO price band is set at ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,32,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Fonebox Retail IPO RHP for detailed Information.
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | February 2, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,10,000 shares (aggregating up to ₹20.37 Cr) |
| Reserved for Market Maker | 1,46,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹1.02 Cr) |
| Net Offered to Public | 27,64,000 shares (aggregating up to ₹19.35 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 73,50,000 shares |
| Share Holding Post Issue | 1,02,60,000 shares |
Fonebook IPO offers total 29,10,000 shares. Out of which 13,78,000 (47.35%) allocated to QIB, 5,52,000 (18.97%) allocated to QIB, 4,16,000 (14.30%) allocated to NII, 9,70,000 (33.33%) allocated to RII and 8,26,000 (28.38%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,46,000 (5.02%) |
| QIB Shares Offered | 13,78,000 (47.35%) |
| − Anchor Investor Shares Offered | 8,26,000 (28.38%) |
| − QIB (Ex. Anchor) Shares Offered | 5,52,000 (18.97%) |
| NII (HNI) Shares Offered | 4,16,000 (14.30%) |
| Retail Shares Offered | 9,70,000 (33.33%) |
| Total Shares Offered | 29,10,000 (100.00%) |
Fonebox Retail IPO raises ₹5.78 crore from anchor investors. Fonebox Retail IPO Anchor bid date is January 24, 2024. Fonebox Retail IPO Anchor Investors list
| Bid Date | January 24, 2024 |
| Shares Offered | 8,26,000 |
| Anchor Portion Size (In Cr.) | 5.78 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 30, 2024 |
Fonebox Retail IPO opens on January 25, 2024, and closes on January 30, 2024.
| IPO Open Date | Thu, Jan 25, 2024 |
| IPO Close Date | Tue, Jan 30, 2024 |
| Tentative Allotment | Wed, Jan 31, 2024 |
| Initiation of Refunds | Thu, Feb 1, 2024 |
| Credit of Shares to Demat | Thu, Feb 1, 2024 |
| Tentative Listing Date | Fri, Feb 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jan 30, 2024 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Fonebox Retail Limited's revenue increased by 115.85% and profit after tax (PAT) rose by 1149.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,342.27 | 3,861.05 | 2,110.70 | 71.08 |
| Total Income | 14,022.98 | 19,626.09 | 9,092.33 | 9.92 |
| Profit After Tax | 155.19 | 159.86 | 12.79 | -2.36 |
| Net Worth | 916.72 | 210.26 | 60.23 | 12.38 |
| Reserves and Surplus | 190.48 | 170.29 | 10.43 | -2.36 |
| Total Borrowing | 506.57 | 1,058.22 | 584.26 | |
| Amount in ₹ Lakhs | ||||
The market capitalization of Fonebox Retail IPO is ₹71.82 Cr.
| KPI | Values |
|---|---|
| ROE | 118.20% |
| ROCE | 34.55% |
| Debt/Equity | 5.03 |
| RoNW | 76.15% |
| Price to Book Value | 1.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.17 | 1.56 |
| P/E (x) | 32.18 | 44.93 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is a multi-brand retailer and operates in a highly competitive and fragmented segment. It marked growth in its top and bottom lines for the reported periods. The business model is “High Volume/Low margin” type. Based on its FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term. Read detail review...
| Listing Date | February 2, 2024 |
| BSE Script Code | |
| NSE Symbol | FONEBOX |
| ISIN | INE0Q4701019 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹200.00 |
| Low | ₹190.00 |
| High | ₹210.00 |
| Last Trade | ₹210.00 |
Fonebox Retail Ltd.
702/703, 7th Floor,
Satyam 64, Opp. Gujarat High Court,
S G Road,
Ahmedabad, Gujarat, 380061
Phone: +079 46025304
Email: cs@fonebox.in
Website: http://www.fonebook.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: foneboxretail.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Fonebox Retail IPO is a SME IPO of 29,10,000 equity shares of the face value of ₹10 aggregating up to ₹20.37 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on January 25, 2024, and closes on January 30, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Fonebox Retail IPO using UPI as a payment gateway. Zerodha customers can apply in Fonebox Retail IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fonebox Retail IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fonebox Retail IPO opens on January 25, 2024 and closes on January 30, 2024.
Fonebox Retail IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Fonebox Retail 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 Fonebox Retail IPO will be done on Wednesday, January 31, 2024, and the allotted shares will be credited to your demat account by Thursday, February 1, 2024. Check the Fonebox Retail IPO allotment status.
The Fonebox Retail IPO listing date is on Friday, February 2, 2024.
Useful Articles
RHP