What you must know about Fonebox Retail IPO?
by 5paisa Research Team
19 Jan 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 02-Feb-24
- IPO Price Range ₹ 66 to ₹ 70
- Listing Price ₹ 200
- Listing Change 185.7%
- Last Traded Price ₹ 170
- Current Change 142.9%
Fonebook IPO Details
- Open Date 25-Jan-24
- Close Date 30-Jan-24
- Lot Size 2000
- IPO Size ₹ 20.37 Cr
- IPO Price Range ₹ 66 to ₹ 70
- Min Investment ₹ 132000
- Listing Exchange NSE SME
- Basis of Allotment 31-Jan-24
- Refunds 01-Feb-24
- Credit to Demat Account 01-Feb-24
- Listing Date 02-Feb-24
Fonebox Retail (Fonebook) IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 25-Jan-24 | 0.01 | 9.93 | 25.47 | 14.88 |
| 29-Jan-24 | 3.82 | 143.88 | 300.01 | 182.14 |
| 30-Jan-24 | 138.69 | 818.95 | 882.52 | 657.30 |
Fonebook IPO Synopsis
Fonebox Retail Limited IPO is all set to open from 25th January to 30th January 2024. The company operates as a multi-brand retailer selling Smart Phones and related accessories. The IPO includes a fresh issue of 2,910,000 shares worth ₹20.37 cr. The share allotment date is 31st January 2024, and the IPO will be listed on 2nd February 2024 on the stock exchanges. The price band is ₹66 to ₹70 and the lot size is 2000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of Fonebook IPO:
Fonebox Retail Limited plans to utilize the raised capital from the IPO to:
● To meet working capital requirements.
● General corporate purposes.
● To fund the expenses of the issue.
About Fonebox Retail (Fonebook)
Fonebox Retail Limited operates as a multi-brand retailer selling Smart Phones and related accessories. The company sources these products from brands such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax.
In addition to this, Fonebox also retails consumer durable electronics goods which include Laptop, Washing Machines, Smart TVs, Air Conditioners, Fridges, and more from manufacturers such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, OnePlus, etc.
The company had 153 stores in Gujarat, out of which, 40 are Company Owned and Company Operated retail outlets (COCO Model). The rest of the 113 stores operate under the Franchise Owned and Company Operated retail model (FOCO Model) as of September 2023.
Fonebox also offers financing options to customers in collaboration with banks and financial institutions.
Peer Comparison
● Jay Jalaram Technologies Limited
● Bhatia Communications & Retail (India) Limited
For More Information:
Webstory on Fonebox IPO
Fonebox Retail (Fonebook) Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 19582 | 90.91 | 0.099 |
| EBITDA | 3.46 | 0.84 | -0.022 |
| PAT | 1.60 | 0.13 | -0.023 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 38.61 | 21.11 | 0.71 |
| Share Capital | 0.50 | 0.50 | 0.15 |
| Total Borrowings | 36.41 | 20.50 | 0.58 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -5.25 | 0.91 | 0.068 |
| Net cash from / (used in) investing activities | -1.18 | -4.45 | -0.043 |
| Net cash flow from / (used in) financing activities | 6.90 | 3.58 | 0.39 |
| Net increase (decrease) in cash and cash equivalents | 0.47 | 0.030 | 0.415 |
Fonebook IPO Key Points
-
Strengths
1. The company has a wide distribution network via 153 stores in Gujarat.
2. The company offers a wide range of products.
3. Its stores are strategically located in areas of high foot traffic.
4. Well-experienced management team.
-
Risks
1. The company operates as a high volume-low margin business.
2. It has reported negative cash flows in the past.
3. It has also reported net loss in the past.
4. The business is subject to seasonal and cyclical volatility.
5. The revenue is dependent and concentrated in the region of Gujarat.
6. High working capital requirements.
Fonebook
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Fonebook IPO FAQs
When does the Fonebox Retail IPO opens and closes?
Fonebox Retail IPO opens from 24th January to 29th January 2024.
What is the size of the Fonebox Retail IPO?
The size of Fonebox IPO is ₹20.37 cr.
How to apply for the Fonebox Retail IPO?
To apply for Fonebox IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Fonebox Retail IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
What is the GMP of the Fonebox IPO?
The GMP value of every IPO changes daily. To view today's GMP of Fonebox Retail IPO visit https://www.5paisa.com/ipo/ipo-gmp
What is the price band of Fonebox IPO?
The price band of Fonebox IPO is fixed at ₹66 to ₹70 per share.
What is the minimum lot size and investment required for the Fonebox Retail IPO?
The minimum lot size of Fonebox IPO is 2000 shares and the investment required is ₹1,32,000.
What is the allotment date of the Fonebox Retail IPO?
The share allotment date of Fonebox IPO is 30th January 2024.
What is the Fonebox Retail IPO listing date?
The Fonebox IPO will be listed on 1st February 2024.
Who are the book runners for the Fonebox Retail IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Fonebox IPO.
What is the objective of Fonebox IPO?
Fonebox Retail plans to utilize the raised capital from the IPO to:
1. To meet working capital requirements.
2. General corporate purposes.
3. To fund the expenses of the issue.
Contact Details of Fonebox Retail (Fonebook) IPO
Contact Information
Fonebox Retail Limited
702/703, 7th Floor,
Satyam 64, Opp. Gujarat High Court,
S G Road, Ahmedabad- 380061
Phone: +079 46025304
Email: cs@fonebox.in
Website: http://www.fonebook.in/
Fonebox Retail (Fonebook) IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: foneboxretail.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Fonebox Retail (Fonebook) IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
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