The Fonebook date has been confirmed as January 25, 2024, and closes on January 30, 2024. Read the post to learn about Fonebook Limited IPO GMP.
Fonebook IPO is a fixed-price offering of Rs 20.37 crore. The price range is from ₹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.
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Key Details Of Fonebook Limited IPO:
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 Today is ₹130.
Fonebook IPO Overview
Fonebook’s IPO is a book-built issue of Rs 20.37 crore. The transaction is entirely fresh and consists of 29.1 lakh shares. Fonebook’s initial public offering (IPO) will commence on January 24, 2024 and terminate on January 29, 2024. The allocation for the Fonebook IPO is slated to end on Tuesday, January 30, 2024. The Fonebook IPO is scheduled to list on NSE SME on Thursday, February 1, 2024.
The Fonebook IPO price range is set at ₹66-₹70 per share. The minimum lot size for an application is 2000 shares. Retail investors must invest a minimum of ₹140,000. The minimum investment for HNI is 2 lots (4,000 shares) costing ₹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
Fonebook 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 laptops, washing machines, smart TVs, air conditioners, refrigerators, and so on, under multiple brands analogous as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus. The company provides credit/EMI facilities to its consumers so they can purchase its products, and it has
partnered with crucial 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 130 employees.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Fonebox Retail Limited |
| Phone number | +079 46025304 |
| Email ID | [email protected] |
| Website | fonebook.in |
IPO Strengths
- 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.
Fonebook IPO FAQs
When Fonebook IPO will open?
The Fonebook IPO opens on January 24, 2024 and closes on January 29, 2024.
What is the lot size of Fonebook IPO?
Fonebook IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
When is Fonebook IPO allotment?
The finalization of Basis of Allotment for Fonebook IPO will be done on Tuesday, January 30, 2024, and the allotted shares will be credited to your demat account by Wednesday, January 31, 2024.
When is Fonebook IPO listing date?
The Fonebook IPO listing date is not yet announced. The tentative date of Fonebook IPO listing is Thursday, February 1, 2024.
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