February 2, 2024
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Fonebox Retail IPO Watch, Guidance & Subscription Status at Chanakyanipothi.com,
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Fonebox Retail IPO Post Listing Review :
Listed at Rs. 200, at premium of 185.71% over the issue price of Rs. 70. The listing has been at par with the expectations of the grey market.
Fonebox Retail IPO Subscription
On 30 January 2024 5.00 pm (Day 3) (Closed)
Review: Exceptionally strong response from RII on Day3
QIB: 1382000 Shares 138.69 T
NII: 414000 Shares 818.95 T
RII: 977400 Shares 882.52 T
Total: 2764000 Shares 657.30 T
What is the business of Fonebox Retail?
The Company is engaged in multi-brand retail selling of Smart Phones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax. It is also engaged in multi-brand retail selling of consumer durable electronics goods like Laptop, Washing Machines, Smart TVs, Air Conditioners, Fridges, etc. from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, OnePlus.
It operates its retail business with multiple brands. It has a portfolio of retail stores with different brands. The company initially started its business operations with brand “Fonebox”, for the company owned stores as well as franchise stores. Further, it acquired famous mobilephone retail store brands such as “Fonebook” and “My Mobile” vide Business Purchase agreements from their respective owners in the year 2021. Over the years it has grown its operations by multile stores acqusitions. It acquired business of other shops operating under their respective registered / unregistered brands in Financial years 2022.
It mainly operates under the brand name of fonebook and fonebox .As on September 25, 2023 it operates from total 153 stores across the state of Gujarat. Out of 153 stores 40 stores are Company Owned and Company Operated retail outlets (“COCO Model”) and 113 stores are under Franchise Owned and Company Operated retail model (“FOCO Model”) distributed in more than 20 cities in Gujarat.
The Company provides credit/EMI facilities to customers for buying its products for which the company has tied up with major leading credit houses like Bajaj Finance, HDB Financial Service, HDFC Bank and IDFC First Bank.
Get more information about the company @ www.fonebook.in
| Fonebox Retail IPO Details | |
| IPO opens on | 25 January 2024 |
| IPO closes on | 30 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2910000 Sh /Rs 20.37 Cr |
| * Fresh Issue | 2910000 Sh /Rs 20.37 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 146000 Sh. |
| Net offer to Public | 2764000 Sh./Rs.19.35 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 66-70 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
| Shares offered in Fonebox Retail IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | 1382000 | 9.68 |
| NII (50%) | 414000 | 2.90 |
| RII (50%) | 967400 | 6.77 |
| Total Shares | 2764000 | 19.35 |
| Retail portion will be oversubscribed by | 484 | |
| Forms | ||
| How much Shares to Apply in Fonebox Retail IPO? | ||
| Min Retail Application | 2000 Sh | Rs. 140000 |
| Min HNI Application | 4000 Sh | Rs.280000 |
Who are the Promoters of Fonebox Retail IPO?
MR. MANISHBHAI GIRISHBHAI PATEL, MR. JIGAR LALLUBHAI DESAI, MR. PARTH LALLUBHAI DESAI, MR. JIGNESHKUMAR DASHRATHLAL PAREKH AND MR. AMITKUMAR GOPALBHAI PATEL are the promoters of the company.
What are the Objects of Fonebox Retail IPO?
The Offer comprises of an Offer for Shares only.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirements
2. General corporate purposes
3. To meet Public Issue Expenses
| Fonebox Retail IPO Tentative timetable | |
| IPO opens on | 25 January 2024 |
| IPO Closes on | 30 January 2024 |
| IPO Allotment on | 31 January 2024 |
| Refund Initiation | 01 February 2024 |
| Credit of Shares | 01 February 2024 |
| Listing on | 02 February 2024 |
| Registered Office of the Company 702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court, S G Road, Ahmedabad- 380061, Gujarat, India. |
| Who is the Lead Manager of Fonebox Retail IPO? BEELINE CAPITAL ADVISORS Pvt ltd |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| Fonebox Retail IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 0.09 | -0.02 | -0.04 | -19.1 |
| 2021-22 | 90.92 | 0.13 | 0.19 | 21.24 |
| 2022-23 | 196.26 | 1.60 | 2.35 | 76.15 |
| Book Value of the Share on | 31.03.2023 | Rs 42.05 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 70 | |||
| Fonebox Retail IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 29.79 |
| Price/BV Ratio | 1.67 |
| Upper price/BV after IPO | |
How Fonebox Retail IPO compares with the Peers?
| As per DRHP | FV Rs. | Total Income | PE Ratio |
| in Cr. | |||
| Fonebox Retail | 10 | 195.82 29.79 | |
| Jay Jalaram Technologies | 10 | 249.20 | 71.73 |
| Bhatia Communications | 1 | 313.48 | 25.10 |
| – | – | – | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Fonebox Retail IPO To the point Guidance
The Company is engaged in multi-brand retail selling of Smart Phones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax.
Size: Being a SME IPO, the size of the IPO (Rs 20.37 Cr) is not very large, as per the recent trend. With 484 applications, retail portion will get one time subscribed. So, considering, the hunger of the investors, IPO may get oversubscribed easily.
Financial Snapshot: The company has shown sharp rise in the topline and the bottomline in the FY 23, just prior to the IPO. If the company can sustain the performance of FY 23 in future, then the price is very reasonable. Not so attractive IPO, So, have a look at the Premium market and then decide whether to apply or not.
Quicklinks
Fonebox Retail IPO GMP Detail IPO GMP today details?
Fonebox Retail IPO
Fonebox Retail IPO FAQs
What is Fonebox Retail IPO?
Fonebox Retail IPO is a SME IPO of 2910000 equity shares of the face value of Rs. 10 aggregating up to Rs.20.37 Crores. The issue is priced at Rs.70 per share. The minimum order quantity is 2000 Shares.
When Fonebox Retail IPO will open?
Fonebox Retail IPO opens on January 24, 2024, and closes on January 29, 2024.
What is the lot size of Fonebox Retail IPO?
Fonebox Retail IPO lot size is 2000 Shares, and the minimum amount required is Rs.140000.
How to apply for Fonebox Retail IPO?
You can apply in Fonebox Retail IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Fonebox Retail IPO allotment?
The finalization of Basis of Allotment for Fonebox Retail IPO will be done on January 30, 2024, and the allotted shares will be credited to your demat account by January 31, 2024.
When is Fonebox Retail IPO listing date?
Fonebox Retail IPO listing date is not yet announced. The tentative date of Brisk Technovision IPO listing is February 1, 2024.
