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 name | Fonebox Retail Limited |
| Sector | Retailing |
| Industry | Retailing |
| Company Website | https://www.fonebook.in/ |
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 date | 25 January 2024 |
| IPO Closing | 30 January 2024 |
| Basis of Allotment | 31 January 2024 |
| Initiation Refund | 01 February 2024 |
| Credit to Demat Account | 01 February 2024 |
| Listing Date | 02 February 2024 |
Fonebox Retail IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹20.37 Cr – 2,910,000 shares |
| Fresh Issue | ₹20.37 Cr – 2,910,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 146,000 shares |
| Shareholding pre-issue | 7,350,000 |
| Shareholding post-issue | 10,260,000 |
| Listing Exchange | NSE SME |
Fonebox Retail IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
Fonebox Retail IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 826,000 (28.38%) |
| Market Maker Shares Offered | 146,000 (5.02%) |
| QIB Shares Offered | 556,000 (19.11%) |
| NII (HNI) Shares Offered | 416,000 (14.30%) |
| Retail Shares Offered | 970,000 (33.33%) |
| Total Shares Offered | 2,910,000 (100%) |
Fonebox Retail Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 0.10 | 90.91 | 195.83 | 139.76 |
| Expenses | 0.12 | 90.74 | 194.07 | 138.07 |
| Net income | (0.02) | 0.13 | 1.60 | 1.55 |
Fonebox Retail Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.04) | 0.19 | 2.35 |
| PE ratio | – | – | 28.09 – 29.79 |
| RONW (%) | (19.10) | 21.24 | 76.15 |
| NAV | 8.25 | 12.05 | 42.05 |
| ROCE (%) | (36.99) | 17.02 | 34.55 |
| EBITDA (%) | (23.04) | 0.92 | 1.77 |
| Debt/Equity | 0.00 | 9.70 | 5.03 |
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 Holding | 100% |
| Post Issue Share Holding | 71.64% |
Fonebox Retail IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
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
Email: mb@beelinemb.com
Website: www.beelinemb.com
Fonebox Retail Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: foneboxretail.ipo@kfintech.com
Website: www.kfintech.com
Fonebox Retail Contact Details
FONEBOX RETAIL LIMITED
702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court,
S G Road, Ahmedabad- 380061, Gujarat, India
Phone: 079 46025304
E-mail: cs@fonebox.in
Website: www.fonebook.in
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
