Fonebox Retail IPO (Fonebook IPO)

Fonebox Retail IPO will open for subscription from 25 January 2024. The company aims for an issue size of ₹20.37 Cr through this IPO.

Company Overview

Full nameFonebox Retail Limited
Company Website

About Company

Fonebox Retail specializes in multi-brand retail, featuring smartphones and accessories from top manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. The company also offers consumer durable electronics from brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus, ensuring a diverse range of innovative choices for your tech and lifestyle needs.

The company primarily functions under the brand names Fonebook and Fonebox. As of 25 September 2023, it operates a total of 153 stores across the state of Gujarat. Among these, 40 stores follow the company-owned and company-operated retail outlets (COCO Model), while 113 stores operate under the franchise-owned and company-operated retail model (FOCO Model). These outlets are strategically distributed across more than 20 cities in Gujarat.

Fonebox Retail offers credit/EMI facilities to customers for purchasing its products through strategic partnerships with major leading credit institutions such as Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank. As of 31 July 2023, Fonebox Retail employs a total of 130 individuals.

The Objectives of the Issue

  • To Meet Working Capital Requirements
  • General corporate purposes
  • To meet Public Issue Expenses

Fonebox Retail IPO Timetable

IPO Opening date25 January 2024
IPO Closing30 January 2024
Basis of Allotment31 January 2024
Initiation Refund01 February 2024
Credit to Demat Account01 February 2024
Listing Date02 February 2024
(Cut-off time for UPI mandate confirmation – 5 PM on January 30, 2024)

Fonebox Retail IPO details

Issue typeBook Built Issue IPO
IPO issue size₹20.37 Cr – 2,910,000 shares
Fresh Issue₹20.37 Cr – 2,910,000 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹66 to ₹70 per share
Lot size2000 Shares
Market Maker portion146,000 shares
Shareholding pre-issue7,350,000
Shareholding post-issue10,260,000
Listing ExchangeNSE SME

Fonebox Retail IPO Lot Size

Retail (Min)12000₹140,000
Retail (Max)12000₹140,000
HNI (Min)24,000₹280,000

Fonebox Retail IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered826,000 (28.38%)
Market Maker Shares Offered146,000 (5.02%)
QIB Shares Offered556,000 (19.11%)
NII (HNI) Shares Offered416,000 (14.30%)
Retail Shares Offered970,000 (33.33%)
Total Shares Offered2,910,000 (100%)

Fonebox Retail Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income(0.02)0.131.601.55
(Amount in ₹ Crores)

Fonebox Retail Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio28.09 – 29.79
RONW (%)(19.10)21.2476.15
ROCE (%)(36.99)17.0234.55
EBITDA (%)(23.04)0.921.77

Company Promoters

  • Mr. Manishbhai Girishbhai Patel
  • Mr. Jigar Lallubhai Desai
  • Mr. Parth Lallubhai Desai
  • Mr. Jigneshkumar Dashrathlal Parekh
  • Mr. Amitkumar Gopalbhai Patel

Promoter Holding

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

Fonebox Retail IPO Lead Manager(s)

Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784

Fonebox Retail Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222

Fonebox Retail Contact Details

702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court,
S G Road, Ahmedabad- 380061, Gujarat, India
Phone: 079 46025304

Fonebox Retail IPO Allotment Status

Fonebox Retail IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Fonebox Retail IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *