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.
Fonebook Retail IPO – Details
| IPO Opening Date | 25 January 2024 |
| IPO Closing Date | 30 January 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 29,10,000 Shares Worth ₹20.37 Crore Fresh Issue: 29,10,000 Shares Worth ₹20.37 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Fonebook Retail IPO – Date Schedule
| IPO Open Date | 25 January 2024 |
| IPO Close Date | 30 January 2024 |
| Basis of Allotment | 31 January 2024 |
| Initiation of Refund | 01 February 2024 |
| Credit of Shares to Demat Account | 01 February 2024 |
| IPO Listing Date | 02 February 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 30, 2024 |
Fonebook Retail IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,40,000 |
| Retail (Maximum) | 1 | 2000 | 1,40,000 |
| HNI (Minimum) | 2 | 4000 | 2,80,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Widespread distribution network.
- Wide range of Products.
- Strategic location and facilities.
Company Promoters
- Mr. Manishbhai Girishbhai Patel
- Mr. Jigar Lallubhai Desai
- Mr. Parth Lallubhai Desai
- Mr. Jigneshkumar Dashrathlal Parekh
- Mr. Amitkumar Gopalbhai Patel
Object Of The Issue
- To Meet Working Capital Requirements.
- General corporate purposes.
- To meet Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 0.09 | 0.12 | 0.02 | – |
| 31 March 2022 | 90.92 | 90.74 | 0.12 | 5.84 |
| 31 March 2023 | 196.26 | 194.07 | 1.59 | 10.58 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 118.20% |
| ROCE | 34.55% |
| Debt/Equity | 5.03 |
| RoNW | 76.15% |
| P/BV | 1.66 |
Fonebook Retail IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 71.64% |
Fonebook Retail IPO Prospectus
- Fonebook Retail IPO DRHP
- Fonebook Retail IPO RHP
Company Contact Information
| Fonebox Retail Limited 702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court, S G Road, Ahmedabad- 380061 Phone: +079 46025304 Email: cs@fonebox.in Website: http://www.fonebook.in/ |
Fonebook Retail IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: foneboxretail.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Fonebook Retail IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Fonebook Retail IPO FAQs
| What is Fonebook Retail IPO? Fonebook Retail IPO is a SME IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When Fonebook Retail IPO will open? The IPO is to open on 25 January 2024 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Fonebook Retail IPO? You can apply Fonebook Retail IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Fonebook Retail IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Fonebook Retail”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Fonebook Retail IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Fonebook Retail”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Fonebook Retail IPO Size? Fonebook Retail IPO size is ₹20 .37 crores. |
| What is Fonebook Retail IPO Price Band? Fonebook Retail IPO Price Band is ₹66 – ₹70. |
| What is Fonebook Retail IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,40,000 amount while the maximum bid is 2000 shares with ₹1,40,000. |
| What is the Fonebook Retail IPO Allotment Date? Fonebook Retail IPO allotment date is 31 January 2024. |
| What is the Fonebook Retail IPO Listing Date? Fonebook Retail IPO listing date is 02 February 2024. The IPO is to list on NSE SME. |
