Key Details about Fonebox
| Issue Date | 25 to 30 Jan, 2024 |
| Issue Size | Rs. 20.37 crore |
| Fresh Issue | Rs. 20.37 crore |
| Price Band | Rs. 66 to 70 per share |
| Lot Size | 2000 Shares |
| Employee Discount | Nil per share |
| Face Value | ₹10 per share |
| Issue Type | Book Built Issue Type |
| Listing At | NSE SME |
| QIB shares offered | 5,56,000 (19.11%) |
| Retail shares offered | 4,14,600 (14.25%) |
| NII shares offered | 9,67,400 (33.24%) |
Lot Size (Minimum)
| Retail | 2000 shares | Rs. 140,000 |
| HNI | 4000 shares | Rs. 2,80,000 |
Tentative IPO Timelines
| Basis of Allotment | 31 Jan, 2024 |
| Initiation of Refunds | 01 Feb, 2024 |
| Credit of shares to Demat | 01 Feb, 2024 |
| Listing Date | 02 Feb, 2024 |
About the Company
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.
Objects of the Issue
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General corporate purposes
- To meet Public Issue Expenses
IPO Promoter Holding
The Promoters of the company are:
- Mr. Manishbhai Girishbhai Patel
- Mr. Jigar Lallubhai Desai
- Mr. Parth Lallubhai Desai
- Mr. Jigneshkumar Dashrathlal Parekh
- Mr. Amitkumar Gopalbhai Patel
| Pre-Issue shareholding | 100% |
| Post issue shareholding | 71.64% |
Financial Summary Amount in Rs. crores
| Particulars | March 2023 | March 2022 | March 2021 |
| Revenue | 140.23 | 90.92 | 0.09 |
| Net Profit / (Loss) | 1.55 | 0.13 | (0.02) |
| Total Assets | 43.42 | 21.11 | 0.71 |
GMP / Expected Premium
GMP as on 27-01-2024 is 143%.. Once may apply in Fonebox Retail IPO for listing gains.
Please note GMP is taken from internet and is subject to change in future. Please consult your financial advisor before applying in the IPO.
Disclaimer: The information above is only for information and educational purpose. Please note SME IPO’s are generally risky as they have low liquidity and traded in lot sizes after listing. Please consult your Financial advisor before applying in the IPO.
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