Fonebox Retail Ltd

Retail

Offer Period :

25th to 1st Jan 2024

Fonebox Retail Limited is a multi-brand retailer specializing in smartphones and accessories, featuring brands like Vivo, Apple, Samsung, and more. Operating as Fonebook and Fonebox, it extends to consumer durables, Read more... offering credit/EMI facilities and maintaining 153 stores in Gujarat under different models. Employing 130 people, it has partnerships with financial institutions like Bajaj Finance and HDFC Bank.Read less

Fonebox Retail Ltd IPO Details

IPO Date 25th to 1st Jan 2024 Minimum Investment ₹140000 / 1 Lots
Listing Date 2024-02-02 Maximum Investment ₹140000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹20.37 Crores
Price ₹70 to ₹70 per share Fresh Issue ₹20.37 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 25th to 1st Jan 2024
Listing Date 2024-02-02
Face Value ₹10 per share
Price ₹70 to ₹70 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹140000 / 1 Lots
Maximum Investment ₹140000 / 1 Lots
Total Issue Size ₹20.37 Crores
Fresh Issue ₹20.37 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

25th Jan

IPO Starts

30th Jan

IPO Ends

31st Jan

Allotment Date

1st Feb

Initiation of Refund

1st Feb

Credit of Shares to Demat Account

2nd Feb

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 65.75 47.1
Public Group 34.25 52.9

Fonebox Retail Ltd IPO Reservation

QIB Shares Offered 552000(18.97%)
NII (HNI) Shares Offered 416000(14.3%)
Retail Shares Offered 970000(33.33%)
Anchor Investor Shares Offered 826000(28.38%)
Total Shares Offered 2910000
Total Shares With Anchor Investor 2910000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Fonebox Retail Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id foneboxretail.ipo@kfintech.com
Our Website www.kfintech.com

Fonebox Retail Ltd IPO Lead Manager

1. Beeline Capital Advisors Pvt Ltd

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Fonebox Retail Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Fonebox Retail Ltd

1. Experienced Promoters and Management Team.

2. Widespread distribution network.

3. Wide range of Products.

4. Strategic location and facilities.

Risks Involved

1. There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

2. Its Registered Office and other premises from where the company operate are not owned by it.

3. The Company has taken offices on lease basis and some of the lease agreements are not renewed/not executed/inadequately executed, because of which operations may be adversely affected.

4. The company requires certain approvals and licenses in the ordinary course of business, some of the approvals are required to be transferred in the name of 'Fonebox Retail Limited', the company is yet to apply for the some of the said registrations and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

5. The Company has entered into Franchisee Agreements, some of the agreements are not renewed/inadequately executed, stamped, because of which operations may be adversely affected.

6. Its business is a high volume-low margin business.

7. Its Restated Financial Statements are prepared and signed by the Peer Review Auditor who is not Statutory Auditors of the Company as required under the provisions of ICDR.

8. Its Promoters, Directors and Group Company have provided personal / corporate guarantees for financing facilities availed by the Company and may in the future provide additional guarantees and any failure or default by the Company to repay such facilities in accordance with the terms and conditions of the financing agreements could trigger repayment obligations on them, which may impact their ability to effectively service their obligations as its Promoters and Directors and thereby, adversely impact its business and operations.

9. The Company had negative cash flow from operating activity in recent fiscals, details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.

10. There are certain discrepancies and non-compliances noticed in some of its financial reporting and/or records relating to filing of returns and deposit of statutory dues with the taxation and other statutory authorities.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 38.61 21.11 0.71
Total Liabilities 38.61 21.11 0.71
Total Expenses 194.06 90.73 0.12
Total Revenue 
196.26 90.92 0.1
Profit After Tax 1.6 0.13 -0.02
EBITDA 3.89 0.85 -0.02
Adjusted EBITDA 0 0 0

Fonebox Retail Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-02-02 92421 FONEBOX
INE0Q4701019
₹70 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹70 ₹70
Open ₹0 ₹200
Low ₹0 ₹190
High ₹0 ₹210
Low ₹0 ₹190

Frequently Asked Questions

What is Fonebox Retail Ltd IPO?

Answer Field

Fonebox Retail Ltd IPO is a SME IPO of 29,10,000 equity shares of a face value of ₹10 aggregating up to ₹20.37 Crores. The issue is priced at ₹70 to ₹70 per share. The minimum order quantity is 2000 Shares. The IPO opens on January 25, 2024, and closes on January 30, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Fonebox Retail Ltd IPO will open?

Answer Field

The Fonebox Retail Ltd IPO opens on January 25, 2024 and closes on January 30, 2024.

What is the lot size of Fonebox Retail Ltd?

Answer Field

Fonebox Retail Ltd lot size is 2000 shares, and the minimum amount required is ₹1,40,000.

How to apply for Fonebox Retail Ltd IPO?

Answer Field

You can apply in Fonebox Retail Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is Fonebox Retail Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Fonebox Retail Ltd IPO will be done on January 31, 2024, and the allotted shares will be credited to your demat account by February 01, 2024.

When is Fonebox Retail Ltd IPO listing date?

Answer Field

The Fonebox Retail Ltd listing date is February 02, 2024.

Who is the registrar of Fonebox Retail Ltd IPO?

Answer Field

The registrar of Fonebox Retail Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Beeline Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Fonebox Retail Ltd IPO?

Answer Field

The fresh issue size is ₹20.37 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Fonebox Retail Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,40,000 amount.

How can I approve the UPI mandate request for Fonebox Retail Ltd IPO?

Answer Field

To apply for Fonebox Retail Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Fonebox Retail Ltd?

Answer Field

The price of each Fonebox Retail Ltd share will be ranging in between ₹70 to ₹70 per share.

What is the cut-off time for the UPI mandate for Fonebox Retail Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 30, 2024.

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