Fonebox Retail is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. They are 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, and OnePlus.
They operate their retail business with multiple brands. They have a portfolio of retail stores with different brands. They initially started their business operations with the brand “Fonebox”, for their company-owned stores as well as franchise stores. Further, they acquired famous mobile phone retail store brands such as “Fonebook” and “My Mobile” vide Business Purchase agreements from their respective owners in the year 2021. Over the years they have grown our operations by multiple store acquisitions. They acquired the business of other shops operating under their respective registered / unregistered brands in the Financial year 2022. For more detail on the said transaction, please refer to the heading titled “Major events” in the chapter titled “History and Corporate Matters” beginning on page 161 of this Red Herring Prospectus.
Fonebox Retail mainly operates under the brand names “Fonebook” and “FONEBOX”. As of January 05, 2024, They operate from total of 143 stores across the state of Gujarat. Out of 143 stores 39 stores are Company Owned and Company Operated retail outlets (“COCO Model”) and 104 stores are under Franchise Owned and Company Operated retail model (“FOCO Model”) distributed in more than 20 cities in Gujarat.
Objects of the Issue:
- To Meet Working Capital Requirements
- General corporate purposes
- To meet Public Issue Expenses
Fonebox Retail IPO Review
- May Apply
Fonebook IPO Date & Price Band Details
| IPO Open: | January 25, 2024 |
| IPO Close: | January 30, 2024 |
| IPO Size: | Approx ₹20.37 Crores, 2,910,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹66 to ₹70 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Fonebox Retail IPO Market Lot
The Fonebox Retail IPO minimum market lot is 2000 shares with a ₹140,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹140,000 |
| Retail Maximum | 1 | 2000 | ₹140,000 |
| S-HNI Minimum | 2 | 4000 | ₹280,000 |
Fonebox Retail IPO Dates
The Fonebox Retail IPO date is January 25 and the IPO close date is January 30. The IPO allotment date is January 31 and the IPO might list on February 2.
| IPO Open Date: | January 25, 2024 |
| IPO Close Date: | January 30, 2024 |
| Basis of Allotment: | January 31, 2024 |
| Refunds: | February 1, 2024 |
| Credit to Demat Account: | February 1, 2024 |
| IPO Listing Date: | February 2, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Fonebox Retail IPO Form
How to apply Fonebox Retail IPO? You can apply Fonebox Retail IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Fonebox Retail IPO in the Invest section. The other option you can apply Fonebox Retail IPO via IPO forms download via the NSE website. Check out the Fonebox Retail forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Fonebox Retail Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹0.10 | ₹0.12 | ₹0.02 |
| 2022 | ₹90.92 | ₹90.74 | ₹0.13 |
| 2023 | ₹196.26 | ₹194.07 | ₹1.60 |
| 2024 6M | ₹140.23 | ₹138.07 | ₹1.55 |
Fonebox Retail IPO Valuation – FY2023
Check Fonebox Retail IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.35 per Equity Share |
| Price/Earning P/E Ratio: | 2.35 |
| Return on Net Worth (RoNW): | 76.15% |
| Net Asset Value (NAV): | ₹42.05 per Equity Share |
Peer Group
- Jay Jalaram Technologies Limited
- Bhatia Communications & Retail (India) Limited
Company Promoters
- Mr. Manishbhai Girishbhai Patel
- Mr. Jigar Lallubhai Desai
- Mr. Parth Lallubhai Desai
- Mr. Jigneshkumar Dashrathlal Parekh
- Mr. Amitkumar Gopalbhai Patel
Fonebox Retail IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Fonebox Retail IPO Allotment Status
Check Fonebox Retail IPO allotment status on Kfin Technologies website URL. Click Here
Fonebox Retail IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Fonebox Retail Limited
702/703, 7th Floor,
Satyam 64, Opp. Gujarat High Court,
S G Road, Ahmedabad- 380061
Phone: +079 46025304
Email: [email protected]
Website: http://www.fonebook.in/
