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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 started from January 25, 2024 and ended on January 30, 2024. The allotment for Fonebook IPO was finalized on Wednesday, January 31, 2024. The shares got listed on NSE SME on 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.
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | February 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,910,000 shares (aggregating up to ₹20.37 Cr) |
| Fresh Issue | 2,910,000 shares (aggregating up to ₹20.37 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,350,000 |
| Share holding post issue | 10,260,000 |
| Market Maker portion | 146,000 shares Spread X Securities |
Fonebook IPO offers 2,910,000 shares. 556,000 (19.11%) to QIB, 416,000 (14.30%) to NII, 970,000 (33.33%) to RII and 826,000 (28.38%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 826,000 (28.38%) |
| Market Maker Shares Offered | 146,000 (5.02%) |
| QIB Shares Offered | 556,000 (19.11%) |
| NII (HNI) Shares Offered | 416,000 (14.30%) |
| Retail Shares Offered | 970,000 (33.33%) |
| Total Shares Offered | 2,910,000 (100%) |
Fonebook IPO raises Rs 5.78 crore from anchor investors. Fonebook IPO Anchor bid date is January 24, 2024. Fonebook IPO Anchor Investors list
| Bid Date | January 24, 2024 |
| Shares Offered | 826,000 |
| Anchor Portion Size (In Cr.) | 5.78 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 30, 2024 |
Fonebook IPO opens on January 25, 2024, and closes on January 30, 2024.
| IPO Open Date | Thursday, January 25, 2024 |
| IPO Close Date | Tuesday, January 30, 2024 |
| Basis of Allotment | Wednesday, January 31, 2024 |
| Initiation of Refunds | Thursday, February 1, 2024 |
| Credit of Shares to Demat | Thursday, February 1, 2024 |
| Listing Date | Friday, February 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 30, 2024 |
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 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
| Lot Size Calculator | |||
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.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 71.64% |
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.
Fonebox Retail Limited's revenue increased by 115.85% and profit after tax (PAT) rose by 1149.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,342.27 | 3,861.05 | 2,110.70 | 71.08 |
| Revenue | 14,022.98 | 19,626.09 | 9,092.33 | 9.92 |
| Profit After Tax | 155.19 | 159.86 | 12.79 | -2.36 |
| Net Worth | 916.72 | 210.26 | 60.23 | 12.38 |
| Reserves and Surplus | 190.48 | 170.29 | 10.43 | -2.36 |
| Total Borrowing | 506.57 | 1,058.22 | 584.26 | |
| Amount in ₹ Lakhs | ||||
The market capitalization of Fonebook IPO is Rs 71.82 Cr.
| KPI | Values |
|---|---|
| ROE | 118.20% |
| ROCE | 34.55% |
| Debt/Equity | 5.03 |
| RoNW | 76.15% |
| P/BV | 1.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.17 | 1.56 |
| P/E (x) | 32.18 | 44.93 |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is a multi-brand retailer and operates in a highly competitive and fragmented segment. It marked growth in its top and bottom lines for the reported periods. The business model is “High Volume/Low margin” type. Based on its FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term. Read detail review...
The Fonebook IPO is subscribed 659.42 times on January 30, 2024 7:30:00 PM. The public issue subscribed 886.32 times in the retail category, 138.69 times in the QIB category, and 819.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 138.69 |
| NII | 819.99 |
| Retail | 886.32 |
| Total | 659.42 |
Total Application : 429,867 (2,066.67 times)
| Listing Date | February 2, 2024 |
| BSE Script Code | |
| NSE Symbol | FONEBOX |
| ISIN | INE0Q4701019 |
| Final Issue Price | ₹70 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹70.00 |
| ₹200.00 |
| ₹190.00 |
| ₹210.00 |
| ₹210.00 |
Fonebox Retail Limited
702/703, 7th Floor,
Satyam 64, Opp. Gujarat High Court,
S G Road, Ahmedabad- 380061
Phone: +079 46025304
Email: cs@fonebox.in
Website: http://www.fonebook.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: foneboxretail.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Fonebook IPO is a SME IPO of 2,910,000 equity shares of the face value of ₹10 aggregating up to ₹20.37 Crores. The issue is priced at ₹66 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 Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Fonebook IPO using UPI as a payment gateway. Zerodha customers can apply in Fonebook IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fonebook IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fonebook IPO opens on January 25, 2024 and closes on January 30, 2024.
Fonebook IPO lot size is 2000 Shares, and the minimum amount required is ₹140,000.
You can apply in Fonebook 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Fonebook IPO will be done on Wednesday, January 31, 2024, and the allotted shares will be credited to your demat account by Thursday, February 1, 2024. Check the Fonebook IPO allotment status.
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Should I hold it or exit at whatever price. No Big buying or selling seen on Monday/tuesday.