Fonebox Retail IPO
The initial public offering (IPO) of Fonebox Retail will open for subscription on January 25 and close on January 30, it is a fresh issue of Rs. 20.37 crore. An investor can apply for the issue for a minimum of 2000 shares and the listing will happen on February 02, 2024.
#1. Quick Intro to Fonebox Retail
Fonebox Retail Limited (2001) is engaged in multi-brand retail selling smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, and other related brands. The company also deals in laptops, washing machines, smart TVs, air conditioners, and Fridges.
The company has more than 153 stores across (Including owned & franchising) owned)the state of Gujarat.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Fonebox Retail
The company intends to use the IPO Funds for the following purposes:
- To meet working capital requirements.
- General corporate purposes.
- To meet public issue expenses.
#3. Fonebox Retail Core Strengths
- Experienced promoters and management
- Widespread distribution network
- Wide range of products
- Strategic location and facilities
#4. Fonebox Retail IPO Review & Rating
| Issue Size | Rs.20.37 Crore |
| Issue Price | Rs.66 to Rs.70 per share |
| Minimum Lot Size | 2000 Shares |
| Total Profit (March 2023) | Rs.159.86 (lakhs) |
| ROE | 118.20% |
| ROCE | 34.55% |
| Listing on | NSE SME |
| IPO Deliver Rating | One |
#5. Fonebox Retail IPO Dates, Price Band & Details
Fonebox Retail IPO will open on January 25, 2024, and close on January 30, 2024. The IPO is to be listed on February 02, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.20.37 Crore |
| Price Brand | Rs.66 to Rs.70 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | January 25, 2024 |
| IPO Close Date | January 30, 2024 |
| IPO Allotment Date | January 31, 2024 |
| Refund Date | February 01, 2024 |
| Share Credit Date | February 01, 2024 |
| Listing Date | February 02, 2024 |
#6. Fonebox Retail IPO Offer Details
Fonebox Retail IPO’s total issue size is 2,190,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 2,190,000 | 20.37 |
| Offer for Sale (OFS) | – | – |
#7. Fonebox Retail Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 19,626.09 | 9,092.33 | 9.92 |
| Net Worth | 210.26 | 60.23 | 12.38 |
| Profit | 159.86 | 12.79 | -2.36 |
| Total Borrowings | 1,058.22 | 584.26 | – |
#8. Fonebox Retail Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 2.35 | 0.19 | -0.04 |
| RoNW (%) | 76.15 | 21.24 | -19.10 |
| NAV (Rs.) | 42.05 | 12.05 | 8.25 |
#9. Fonebox Retail Comparison with Other Peer Companies
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs)) |
RoNW (%) | NAV (Rs.) |
| Jay Jalaram Technologies | 24,920.48 | 10.62 | 21.22 |
| Bhatia Communications & Retails (India) | 31,348.18 | 15.55 | 4.36 |
#10. Fonebox Retail Company Promoters
The company has five promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).
| Sr. No. | Name of Promoters |
| 01. | Manishbhai Girishbhai Patel |
| 02. | Jigar Lallubhai Desai |
| 03. | Parth Lallubhai Desai |
| 04. | Jigneshkumar Dashrathlal Parekh |
| 05. | Amitkumar Gopalbhai Patel |
#11. Fonebox Retail Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | 71.64 |
#12. Fonebox Retail IPO Reservation Details
Fonebox Retail IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| Retail Share Offered | Not less than 35% of the issue size |
| QIB Shares Offered | Not more than 50% of the issue size |
| NII (HNI) Shares Offered | Not less than 15% of the issue size |
#13. Fonebox Retail IPO – Lot Size
An investor can apply for a minimum of 2000 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 2000 | 140,000 |
| Retail (Max.) | 1 | 2000 | 140,000 |
| HNI (Min.) | 2 | 4,000 | 280,000 |
| HNI (Max.) | – | – | – |
#14. Fonebox Retail IPO – Prospectus Copy
An investor can download/view the Fonebox Retail prospectus copy, which the company filed to exchange, details are as follows.
| Fonebox Retail IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Fonebox Retail IPO Registrar
Kfin Technologies Limited
Phone No.: +91-40 6716 2222
E-Mail: foneboxretail.ipo@kfintech.com
Website: www.kfintech.com
#16. Fonebox Retail IPO Lead Manager
Beeline Capital Advisors Private Limited
Phone No.: +91-079-4918 5784
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
#17. Fonebox Retail IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Fonebox Retail IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Fonebox Retail Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Fonebox Retail Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Fonebox Retail Company Details
Fonebox Retail Limited
Registered Office: 702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court, S G Road, Ahmedabad-380061, Gujarat
Phone No: +91-079-46025304
Email: cs@fonebox.in
Website: www.fonebox.in
Investor Grievances/Compliance Officer: Charmi Vansh Shah
#19. Fonebox Retail Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Fonebox Retail Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Manishbhai Girishbhai Patel |
| 02. | AmitKumar Gopalbhai Patel |
Fonebox Retail IPO – Frequently Asked Questions (FAQs)
| #1. What is a Fonebox Retail IPO?
Fonebox Retail brings its IPO of Rs. 20.37 Crore, on January 25, 2024, with a price band of Rs.66 to Rs.70 per share. |
| #2. What is the Fonebox Retail IPO Open date?
Fonebox Retail IPO’s opening date is January 25, 2024. |
| #3. What is the Fonebox Retail IPO Close Date?
Fonebox Retail IPO’s closing date is January 30, 2024. |
| #4. What is the Fonebox Retail IPO Listing date?
Fonebox Retail’s IPO listing date is February 02, 2024. |
| #5. What is the Fonebox Retail IPO Minimum investment amount?
Fonebox Retail IPO’s minimum investment amount is Rs. 1,40,000. |
| #6. What is the Fonebox Retail IPO offer issue Size?
Fonebox Retail offers an issue size of Rs. 20.37 Crore. |
| #7. What is the Fonebox Retail IPO Price Band?
Fonebox Retail’s IPO price band is Rs.66 to Rs.70 per share. |
| #8. Is Fonebox Retail IPO mainboard IPO or SME IPO?
Fonebox Retail IPO is an SME IPO. |
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