Fonebox Retail Limited IPO
- IPO Date25 Jan, 2024 to 30 Jan, 2024
- Listing Date02 Feb, 2024
- Face Value₹10 per share
- Issue Price₹66 to ₹70 per share
- Lot Size2000 Shares
- Minimum Investment₹1,40,000
- Listing AtNSE SME
- Total Issue Size29,10,000 Shares
(aggregating up to ₹20.37 Cr) - Fresh Issue29,10,000 Shares
(aggregating up to ₹20.37 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue73,50,000
- Shareholding post issue1,02,60,000
IPO Dates
Closing Date
30 Jan, 2024
Initiation of Refunds
01 Feb, 2024
Listing Date
02 Feb, 2024
25 Jan, 2024
Opening Date
31 Jan, 2024
Basis of Allotment
01 Feb, 2024
Credit of Shares
Fonebox Retail Limited Lot Size
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,40,000 |
| Retail (Max) | 1 | 2000 | ₹1,40,000 |
| HNI (Min) | 2 | 4000 | ₹2,80,000 |
Fonebox Retail Limited Promoter Holding
Mr. Manishbhai Girishbhai Patel, Mr. Jigar Lallubhai Desai, Mr. Parth Lallubhai Desai, Mr. Jigneshkumar Dashrathlal Parekh And Mr. Amitkumar Gopalbhai Patel are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 71.64% |
Fonebox Retail Limited COMPANY INFORMATION
Fonebook IPO is a book built issue of Rs 20.37 crores. The issue is entirely a fresh issue of 29.1 lakh shares. Fonebook IPO bidding opened for subscription on January 25, 2024 and will close on January 30, 2024. The allotment for the Fonebook IPO is expected to be finalized on Wednesday, January 31, 2024. Fonebook IPO will list on NSE SME with tentative listing date fixed as Friday, February 2, 2024. Fonebook IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹280,000. Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Fonebook IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Fonebook IPO is Spread X Securities. Refer to Fonebook IPO RHP for detailed information.
Fonebox Retail Limited is a multi-brand retailer of smartphones and accessories from manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.
The company operates under two brand names Fonebook and Fonebox.
The company is also engaged in multi-brand retailing of consumer durables such as laptops, washing machines, smart TVs, air conditioners, refrigerators, etc. from brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.
The company offers credit/EMI facilities to its customers for the purchase of its products for which the company has tied up with major leading financial institutions like Bajaj Finance, HDB Financial Service, HDFC Bank and IDFC First Bank.
As of September 25, 2023, the company had a total of 153 stores in the state of Gujarat. Of these, 40 are company-owned and company-operated retail stores ("COCO model") and 113 are under the franchisee and company-operated model ("FOCO model") spread across more than 20 cities in Gujarat.
As on July 31, 2023, the company employed a total of 130 people.
FAQs About Fonebox Retail Limited Ipo
Fonebox Retail Limited IPO will open on 25 Jan, 2024 and close on 30 Jan, 2024. Investors must apply within this period to participate.
The Fonebox Retail Limited IPO price band is set between ₹66.00 and ₹70.00 per share. The minimum lot size is 2000, requiring an investment of at least ₹140000.00.
The Fonebox Retail Limited IPO shares are expected to be listed on 02 Feb, 2024, subject to regulatory approvals and final allotment.
You can track your Fonebox Retail Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Fonebox Retail Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.