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Fonebox Retail Limited IPO Price Details, Timeline, and Financial Status

The Fonebox Retail Limited IPO is priced at ₹66 to ₹70 per equity share, and it opens for subscription on January 24, 2024, with a minimum lot size of 2,000 shares.

by Tamilchandran

Updated Jan 23, 2024

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Fonebox Retail Limited IPO Price Details, Timeline, and Financial Status

Fonebox Retail Limited

Fonebox Retail Limited distinguishes itself as a prominent multi-brand retailer specializing in smartphones and electronic accessories, featuring leading manufacturers like Apple, Samsung, Vivo, and more. Operating under the brands Fonebook and Fonebox, the company extends its reach beyond smartphones to include a diverse range of electronic and whitegoods products, collaborating with renowned manufacturers such as TCL, Haier, and Realme.

With 153 stores, including both company-owned and franchise-operated outlets, primarily concentrated in Gujarat, Fonebox Retail Ltd provides credit and EMI facilities through partnerships with financial institutions like Bajaj Finance and HDFC Bank. The company's commitment to affordable and accessible electronic products has made it a key player in the retail landscape.

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Fonebox Retail Limited IPO Price Details

Fonebox Retail Limited, a multi-brand smartphone retailer, is gearing up for its initial public offering (IPO) with shares priced between ₹66 and ₹70 each. The IPO, scheduled to open on January 24, 2024, and close on January 29, 2024, offers an entry point for investors with a minimum lot size of 2,000 shares.

With reserved portions for qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors, the IPO reflects Fonebox's inclusive approach. The shares are expected to be credited to allottees' demat accounts on January 30, 2024, and the listing on NSE SME is tentatively set for February 1, 2024.

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Fonebox Retail Limited IPO Preliminary Timeline

Fonebox Retail Ltd's SME IPO is set to captivate investor interest with its opening on January 24, 2024, and a closing date of January 29, 2024. Investors can actively participate in the bid process from 10:00 AM on January 24, 2024, until 5:00 PM on January 29, 2024.

Event

Tentative Date

IPO Opening Date

24th January 2024

IPO Closing Date

29th January 2024

Finalization of Basis of Allotment

30th January 2024

Initiation of Refunds to non-allottees

31st January 2024

Credit of Shares to Demat account of eligible investors

31st January 2024

Date of listing on the NSE-SME IPO segment

01st February 2024

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Lot Size of Fonebox Retail Limited IPO

Fonebox Retail Ltd has allocated 1,46,000 shares as inventory for market making, with the market name yet to be disclosed. The net offer, excluding the market maker allocation, will be distributed among qualified institutional buyers (QIBs), retail investors, and high net worth individuals (HNI) / non-institutional investors (NII) based on a predetermined ratio set by the company and its investment bankers.

The allocation details for different investor categories will be outlined in the upcoming stages of the IPO process.

Investor Category

Number of Shares Allocated to the Category

Market Maker Shares

1,46,000 shares (5.02% of the total issue size)

QIB Shares Offered

13,82,000 shares (47.49% of the total issue size)

NII (HNI) Shares Offered

4,14,600 shares (14.25% of the total issue size)

Retail Shares Offered

9,67,400 shares (33.24% of the total issue size)

Total Shares Offered

61,40,000 shares (100.00% of total issue size)

For the IPO, the smallest amount you can invest is in a lot of 2,000 shares. This means if you're a regular investor, the least you can put in is ₹140,000 (2,000 x ₹70 per share). But that's also the most you can invest. If you're a big investor (HNI / NII), you need to buy at least 2 lots, which is 4,000 shares, and spend at least ₹280,000.

There's no maximum limit on how much big investors (QIBs and HNI / NII) can apply for. The table below shows how the lots are divided for different types of investors.

Application

Lots

Shares

Amount

Retail (Min)

1

2,000

₹1,40,000

Retail (Max)

1

2,000

₹1,40,000

HNI (Min)

2

4,000

₹2,80,000

Fonebox Retail Limited IPO Financial Status

Fonebox Retail Limited's IPO unveils robust financial performance, marked by a significant surge in net revenues to ₹196.26 crore in FY23 and a noteworthy profit margin. With a return on equity of 76.19%, the company showcases financial strength. However, the exceptional sales growth in FY22 is influenced by a low base, emphasizing the importance of sustainable growth for future evaluations.

Particulars

FY23

FY22

FY21

Net Revenues (₹ in crore)

196.26

90.92

0.10

Sales Growth (%)

115.86%

NA

-

Profit after Tax (₹ in crore)

1.60

0.13

-0.02

PAT Margins (%)

0.82%

0.14%

-20.00%

Total Equity (₹ in crore)

2.10

0.60

0.12

Total Assets (₹ in crore)

38.61

21.11

0.71

Return on Equity (%)

76.19%

21.67%

-16.67%

Return on Assets (%)

4.14%

0.62%

-2.82%

Asset Turnover Ratio (X)

5.08

4.31

0.14

Earnings per Share (₹)

2.35

0.19

-0.04


Fonebox Retail Limited IPO Price Details - FAQs

1. When does Fonebox Retail IPO open for subscription?

Fonebox Retail IPO opens for subscription on January 24, 2024.

2. What is the price band for Fonebox Retail IPO?

The price band for Fonebox Retail IPO is set at ₹66 to ₹70 per equity share.

3. What is the minimum lot size for Fonebox Retail IPO?

The minimum lot size for an application is 2,000 shares.

4. What percentage of shares are reserved for retail investors in Fonebox Retail IPO?

Not less than 35% of the offer is reserved for retail investors.

5. When is the tentative listing date for Fonebox Retail IPO on NSE SME?

Fonebox Retail IPO is expected to list on NSE SME on Thursday, February 1, 2024.

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