Fone4 Communications (India) Limited IPO (Fone4 Communications IPO) Detail

Apr 25, 2022 - Apr 27, 2022

Incorporated in 2014, Fone4 Communications (India) Limited is an online Electronic E-Commerce company. The company distributes a wide range of products online and offline such as electronic gadgets and accessories for Smart Phones, Laptops, Smart Television, etc. from major manufacturers such as Apple, Samsung, Oppo, Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One Plus, Dell, Lenovo, Asus, HP, Acer, Avita, TCL, Xiaomi, LG, and Sansui. Fone4 Communications is located in Kerela.

Fone4 Communications has 25 Showrooms with the brand name 'FONE4' in all major cities of Kerala including Calicut, Cochin, Kollam, Kottayam, Malappuram, Palakkad, Thrissur, among others. The company's warehouse is located in Kochi, Kerela.

Competitive Strengths:

  1. Strategic location and facilities.
  2. Wide distribution and marketing network.
  3. Diversified products portfolio and innovation.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3162.46 4927.98 16577.39 14225.44
Total Revenue 2626.86 6380.25 5752.19 15242.89
Profit After Tax -2.24 -10.00 -97.78 -155.34

Objects of the Issue:

The Objects of the Issue are:

  1. To meet the working capital requirements of the company.
  2. To meet the Issue Expenses.
  3. General Corporate Purposes.

Fone4 Communications IPO Details

Fone4 Communications IPO Date Apr 25, 2022 to Apr 27, 2022
Fone4 Communications IPO Face Value ₹10 per share
Fone4 Communications IPO Price ₹10 per share
Fone4 Communications IPO Lot Size 10000 Shares
Issue Size6,800,000 shares of ₹10
(aggregating up to ₹6.80 Cr)
Fresh Issue6,800,000 shares of ₹10
(aggregating up to ₹6.80 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Mr. Sayyed Hamid and Mrs Roudha Zerlina are the company promoters.

Fone4 Communications IPO Timeline (Tentative Timetable)

Fone4 Communications IPO opens on Apr 25, 2022, and closes on Apr 27, 2022. The Fone4 Communications IPO bid date is from Apr 25, 2022 10.00 A.M. to Apr 27, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Fone4 Communications IPO Opening Date Apr 25, 2022
Fone4 Communications IPO Closing Date Apr 27, 2022
Basis of Allotment May 2, 2022
Initiation of Refunds May 4, 2022
Credit of Shares to Demat May 5, 2022
Fone4 Communications IPO Listing Date May 6, 2022

Fone4 Communications IPO Lot Size

The Fone4 Communications IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).

Application Lots Shares Amount
Minimum 1 10000 ₹100,000
Maximum 2 20000 ₹200,000

Fone4 Communications IPO Promoter Holding

Pre Issue Share Holding 95.12%
Post Issue Share Holding 57.18%

Fone4 Communications IPO Review

The company has posted inconsistency in its top line with losses for fiscals 2019, 2020 and 2021. It has earned minuscule profits for 9M of FY22 and still has huge carried forward losses. Though the issue is at par value, there is no harm in skipping it as it has a negative P/E based on FY21 earnings and 143 P/E based on FY22 annualized working. Read detail review...

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Fone4 Communications IPO Subscription Status (Bidding Detail)

The Fone4 Communications IPO is subscribed 14.75 times on Apr 27, 2022 7:51:00 PM. The public issue subscribed 22.07 times in the retail category, times in the QIB category, and 7.43 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Fone4 Communications IPO Prospectus

Fone4 Communications IPO Rating

Rating:Rated 3.9 stars
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Fone4 Communications IPO Listing Date

Listing Date Friday, May 6, 2022
BSE Script Code 543521
NSE Symbol
Listing In MT Group of Securities
IPO Price ₹10 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Fone4 Communications (India) Limited
1st Floor, 45/692-B,
Ashna Arcade, Vylopilly Road,
Thammanam Ernakulam 682032,
Phone: +91 8606 777 777

Fone4 Communications IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Fone4 Communications IPO Reviews / Ratings

Fone4 Communications IPO FAQs

Fone4 Communications IPO is a SME IPO of 6,800,000 equity shares of the face value of ₹10 aggregating up to ₹6.80 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.

The IPO opens on Apr 25, 2022, and closes on Apr 27, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Fone4 Communications IPO using UPI as a payment gateway. Zerodha customers can apply in Fone4 Communications IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Fone4 Communications IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Fone4 Communications IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Fone4 Communications IPO opens on Apr 25, 2022 and closes on Apr 27, 2022.

Fone4 Communications IPO lot size is 10000 Shares and the minimum order quantity is .

You can apply in Fone4 Communications 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Fone4 Communications IPO will be done on May 2, 2022, and the allotted shares will be credited to your demat account by May 5, 2022. Check the Fone4 Communications IPO allotment status.

The Fone4 Communications IPO listing date is on Friday, May 6, 2022.
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