The Fonebook date has been confirmed from January 25, 2024 and closes on January 30, 2024.
Fonebook Developers IPO is a fixed price issue of Rs 20.37 crores. The price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000.
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Bidding Dates
January 25-30
Price Range
₹66 to ₹70 per share
Face Value
₹10 per share
GMP
₹130
Fonebook IPO GMP
The Fonebook IPO GMP is ₹130.
IPO Overview
Fonebook’s IPO is a book-built issuance for Rs 20.37 crore. The offering is wholly new, consisting of 29.1 lakh shares. Fonebook’s first public offering (IPO) begins on January 24, 2024 and ends on January 29, 2024. The allotment for the Fonebook IPO is expected to be completed on Tuesday, January 30, 2024. The Fonebook IPO will list on NSE SME, with a tentative listing date of Thursday, February 1, 2024.
The Fonebook IPO price range is established at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 shares. Retail investors require a minimum investment of ₹140,000. The minimum investment for HNI is 2 lots (4,000 shares) worth ₹280,000.
Fonebook IPO Details
| IPO Date | January 24, 2024 to January 29, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,910,000 shares (aggregating up to ₹20.37 Cr) |
| Fresh Issue | 2,910,000 shares (aggregating up to ₹20.37 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,350,000 |
| Share holding post issue | 10,260,000 |
| Market Maker portion | 146,000 shares |
Fonebox Retail Limited Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,861.05 | 2,110.70 | 71.08 |
| Revenue | 19,626.09 | 9,092.33 | 9.92 |
| Profit After Tax | 159.86 | 12.79 | -2.36 |
| Net Worth | 210.26 | 60.23 | 12.38 |
| Reserves and Surplus | 170.29 | 10.43 | -2.36 |
| Total Borrowing | 1,058.22 | 584.26 | |
| Amount in ₹ Lakhs | |||
Fonebook IPO Timeline
| IPO Open Date | Wednesday, January 24, 2024 |
| IPO Close Date | Monday, January 29, 2024 |
| Basis of Allotment | Tuesday, January 30, 2024 |
| Initiation of Refunds | Wednesday, January 31, 2024 |
| Credit of Shares to Demat | Wednesday, January 31, 2024 |
| Listing Date | Thursday, February 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 29, 2024 |
Company Profile
Fonebox Retail Limited sells smartphones and accessories from multiple brands, including Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. The company has two brands: Fonebook and Fonebox. The company also sells consumer durables including as laptops, washing machines, smart TVs, air conditioners, refrigerators, and so on under multiple brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus. The company provides credit/EMI facilities to its consumers for the purchase of its products, and it has
partnered with key leading financial institutions such as Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank. As of September 25, 2023, the corporation operated 153 locations across Gujarat. Of these, 40 are company-owned and company-operated retail stores (“COCO model”), while 113 are franchisee and company-operated retail stores (“FOCO model”) in over 20 Gujarat cities. As of July 31, 2023, the company had a total of 130 employees.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | foneboxretail.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Fonebox Retail Limited |
| Phone number | +079 46025304 |
| Email ID | cs@fonebox.in |
| Website | fonebook.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
