Fone4 Communications (India) Limited IPO Message Board (Page 5)

Hello Friends,
I am new to SME IPO and recently due to this forum, I came to know many good information. My question to our Dear Experts - @lokes @mr ravi @avunue @noorul @eva @ipo bull @chalak lomdi @King govind and all gurus which are helping to create wealth for others.

I have fund for 2 SME IPO.
- Which one need to select from current three ipos (Fone4, Nanavati and Le Merite) ? Can someone help me to prioritize the IPO ?
- If I am able to manage fund - Can I apply all three for listing gain ?

Which broker is preferred for sme selling. I had touch time with groww. I have account with Geojit, Ventura also, but I have never tried. Which platform you all are using, especially for SME?

@GrowWealthwithSmallStep: apply in fone4 and lemerit...nanavati anyways have too much retail subscription so chances of allotment are very less and company doesn't look good as per business and finance so can't say how it will perform after some weeks/months....
Or you can apply 3 lots in HNI in anyone in fone4 or lemerit to increase your chances of allotment , since applying in retail will have tough chances here too.....
@Learner SK: zerodha is good for both mainboard and sme ipos.....it allows everything for sme ipos same like mainboard.....

@MRavi Sir,
Are you planning apply in Nanavati & Fone4, after seeing the subscription figure?

First Day Subscription @ 3.37PM

NII : 340 Lots against 323..1.05x
RII : 171 Lots against 323. 0.52x

where u checking this subscription details ?

BSE site

i am not able to apply third party application in sbi. what sbi blocked third party??

NO I CAN STILL APPLY

i think you can only apply if all the pan number are with SBI or u have a joint account.

Is there any locking period ?
If I get lot can I sell on listing day ??

No locking period...you can sell on listing.

Fone4 Comm Subject2 12K

NEXT NSE SME IPO
*Sonu Infratech (NSE SME)*
Open : *29-Apr-2022*
Close : *05-May-2022*
Price : *36*
Lot size : *3000*

Issue : *24,00,000 shares*
Size (Cr) : *8.64 Cr*

Retail Portion : *11,40,000 Shares*
Retail Lots : *380*

GMP 2.5 ..

Fone4 GMP 1.20 - 1.30 @ 8:30pm $ 24 April

HOS
Fone4 Comunication GMP declining. Selling tone

@king vinod. You are doing wonderful by posting Gmp.can you pl suggest what are the ipo we should go and which we should avoid.

FONE4 GMP 1.45 - 1.65

GMP declined

Sales are stagnant/fluctuating/falling .
Loss making for abnormally long period.
Very small issue . Totally avoid for me .

SBT 10000

Fone4 IPO - Size 6.80 Cr.

1. LM is Finshore. During 2022 (Q1), it managed 4 issues with size 4 Cr - 22 Cr. Listing performance ranges from negative 5% (Swaraj which is performing well now) to positive 70% (Timescan - issue size 5 Cr). During 2021, it managed 3 issues as well with size 2 Cr - 24 Cr. Listing performance ranged from negative 1% (Destiny Logistic which is running 50% of IPO price now) to positive 15% (Promax - issue size 2 Cr). During 2019, it managed again :) 3 issues and all were positive on listing day. So on LM performance, I am ++ considering the present issue size of 6.80 Cr.

2. Issue size 6.80 Cr, OFS - Nil. 88% of the proceeds (6 Cr) will be used to meet WC requirement which is a positive thing (+).

3. Company, although 8 years in business, is struggling financially both in maintaining its top line and to see positive PAT. Revenue for Fy 19 was 152 Cr, in FY 20, it was 58 Cr, in FY 21, it was 64 Cr and for 9 months ended Dec 21, it is 42 Cr (annually 56 Cr). So on Top line, it is declining (_).

4. Although PBT and PAT for all years are negative except for 9 months ended Dec 21, loss is mostly on account of high depreciation, amortization and finance charges (page 31 of RHP). If we calculate profit after finance charge but before depreciation and tax, it will be - Fy 19 - Profit 9 L, FY 20 - profit 22 L, Fy 21 - Profit 80 L and for 9 months ended Dec 21 - profit 60 L. Although the financials area not so attractive, I am feeling it from average to par. Operating Cash flow is positive during FY 21 (24 Cr) and 9 months ended Dec 21 (15 Cr). In FY 19 and 20, operating cash flow was negative .

5. Promoters' cost of acquisition is Rs. 10 and IPO price is also Rs. 10 . So promoter is not asking for any appreciation :) . It is a good thing for investors (+). (note - Companies Act also does not allow issue of shares are discount, so the price can't be issued at lower than Rs 10).

6. EPS for last 3 years (till FY 21) is negative so PE is negative. For 9 months ended Dec 2021, PE is 0.15 (not annualized), so PE should be 10/0.15 = 67 times as per me. However, in Davda Sir's review, PE is 143 based on FY22 annualized working (I could not get the calculation). As per Company, there is no listed peers available for comparison.

So to sum up, I may be interested after seeing the crowd.

Disclaimer - Facts are as available in public domain. Figures are taken as approx. Views are independent, personal and not induced by any interest. This shall not be considered as an advice in either way.

Thanks for great analysis. To me, this ipo should attract investments/subscriptions. Only 10 rs price and small 3.1 CR HNI size, i am expecting HNI subs to cross 20x....

Fone4 got good demand on Day 1.

If GMP is good then we should apply here..
What's Your view ?

I am surprised by the subject to rates (~15k) for this IPO....tilting towards applying this one...lets c

Fone4 Comm GMP 1.35 - 1.55 @ 9:45pm

Upcoming IPOs from HEM Securities...

Fone4 Comunication IPO
Subject2 - 15000 @ 11AM # 22 April

Fone4 Comunication IPO
Subject2 - 14000

Vivek Pharma SME
Coming soon
Lead Manger Hem Securities.