Bookbuilding IPO | ₹20 Cr | Listed at NSE SME | Thu, Jan 25, 2024 - Tue, Jan 30, 2024
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 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,40,000 (2000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jan 25, 2024
IPO Close
Tue, Jan 30, 2024
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹71.82 Cr
| IPO Date | 25 to 30 Jan, 2024 |
| Listed on | Fri, Feb 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,10,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,46,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 27,64,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 27,64,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 73,50,000 shares |
| Share Holding Post Issue | 1,02,60,000 shares |
| NSE Symbol | FONEBOX |
| ISIN | INE0Q4701019 |
Fonebox Retail IPO comprises a total issue size of 29,10,000 shares. The net offer to the public is 27,64,000 shares, after excluding 1,46,000 shares allotted on a firm basis. Of the Net offer 13,78,000 (49.86%) are allocated to QIB, 4,16,000 (15.05%) allocated to NII 9,70,000 (35.09%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,78,000 | 49.86% | 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 | 15.05% | 14.30% |
| Retail Shares Offered | 9,70,000 | 35.09% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,46,000 | 5.02% | |
| Total Shares Offered | 29,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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 |
Fonebox Retail IPO raises ₹5.78 crore from anchor investors. Fonebox Retail IPO Anchor bid date is January 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 24, 2024 |
| Shares Offered | 8,26,000 |
| Anchor Portion (₹ Cr.) | 5.78 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Mar 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Apr 30, 2024 |
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.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 43.42 | 38.61 | 21.11 | 0.71 |
| Total Income | 140.23 | 196.26 | 90.92 | 0.10 |
| Profit After Tax | 1.55 | 1.60 | 0.13 | -0.02 |
| NET Worth | 9.17 | 2.10 | 0.60 | 0.12 |
| Reserves and Surplus | 1.90 | 1.70 | 0.10 | -0.02 |
| Total Borrowing | 5.07 | 10.58 | 5.84 | |
| 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 | 13.50 |
| 2 | General corporate purposes | 5.05 |
| 3 | Public Issue Expenses | 1.82 |
| KPI | |
|---|---|
| ROE | 118.20% |
| ROCE | 34.55% |
| Debt/Equity | 5.03 |
| RoNW | 76.15% |
| PAT Margin | 0.82% |
| Price to Book Value | 1.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.17 | 1.56 |
| P/E (x) | 32.18 | 44.93 |
| Promoter Holding | 100.00% | 71.64% |
| Market Cap | ₹71.82 Cr. |
The Fonebook IPO is subscribed 659.42 times on January 30, 2024 7:30:00 PM (Day 3). The public issue subscribed 886.32 times in the retail category, 138.69 times in the QIB category, and 819.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 138.69 | 5,56,000 | 7,71,14,000 |
| NII* | 819.99 | 4,16,000 | 34,11,14,000 |
| Retail | 886.32 | 9,70,000 | 85,97,34,000 |
| Total | 659.42 | 19,38,000 | 1,27,79,62,000 |
Total Application : 4,29,867
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 0.25 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable to Legal Advisors | 0.01 |
| 4 | Fees Payable towards Advertising, Marketing and Distribution Expenses, Printing Expenses, selling commission, brokerage, processing fees, underwriting fees and miscellaneous expenses | 1.36 |
| 5 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.08 |
| 6 | Fees payable to Peer Review Auditor | 0.02 |
| 7 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹200.00 |
| Low | ₹190.00 |
| High | ₹210.00 |
| Last Trade | ₹210.00 |
Lead Manager Reports
Fonebox Retail IPO is a SME IPO of 29,10,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Jan 25, 2024, and closes on Tue, Jan 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 Thu, Jan 25, 2024 and closes on Tue, Jan 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 Thu, Feb 1, 2024. Check the Fonebox Retail IPO allotment status.
The Fonebox Retail IPO listing date is on Fri, Feb 2, 2024.
