Fonebox Retail Limited IPO (Fonebook Retail IPO)

Fonebox Retail Limited IPO
Upcoming Fonebox Retail IPO | New Fonebox Retail IPO

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.

Fonebox Retail IPO

Fonebook Retail IPO – Details

IPO Opening Date25 January 2024
IPO Closing Date30 January 2024
Issue TypeBook Built Issue IPO
Issue Size29,10,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterKfin Technologies Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Fonebook Retail IPO – Date Schedule

IPO Open Date25 January 2024
IPO Close Date30 January 2024
Basis of Allotment31 January 2024
Initiation of Refund01 February 2024
Credit of Shares to Demat Account01 February 2024
IPO Listing Date02 February 2024
Cut-off time for UPI mandate confirmation5 PM on Jan 30, 2024

Fonebook Retail IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,40,000
Retail (Maximum)120001,40,000
HNI (Minimum)240002,80,000

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.
Fonebox Retail IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 20210.090.120.02
31 March 202290.9290.740.125.84
31 March 2023196.26194.071.5910.58
Amount in ₹ Crore

Key Performance Indicator


Fonebook Retail IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding71.64%

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

Fonebook Retail IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Fonebook Retail IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Fonebook Retail IPO FAQs

Fonebox 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.
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