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Fonebook IPO

Fonebox Retail (Fonebook) IPO

  • Status: Closed
  • RHP:
  • ₹ 132,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    25 Jan 2024

  • Close Date

    30 Jan 2024

  • IPO Price Range

    ₹ 66 to ₹ 70

  • IPO Size

    ₹ 20.37 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    02 Feb 2024

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IPO Timeline

Fonebox Retail (Fonebook) IPO Subscription Status

Last Updated: 31 January 2024 3:22 PM by 5Paisa

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. 
 

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

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


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. 
 

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FAQs

Fonebox Retail IPO opens from 24th January to 29th January 2024.
 

The size of Fonebox IPO is ₹20.37 cr. 

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.

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 
 

The price band of Fonebox IPO is fixed at ₹66 to ₹70 per share. 

The minimum lot size of Fonebox IPO is 2000 shares and the investment required is ₹1,32,000.

The share allotment date of Fonebox IPO is 30th January 2024.

The Fonebox IPO will be listed on 1st February 2024.

Beeline Capital Advisors Private Limited is the book-running lead manager for 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.