Fonebox Retail (Fonebook) IPO Review

Fonebox Retail (Fonebook) IPO Review

IPO Open Date: January 25, 2024

IPO Close Date: January 30, 2024

IPO Price: ₹66 to ₹70 per share

Lot Size: 2000 Shares

Listing: February 02, 2024

Fonebook is scheduled to hit the market on January 25, 2024 and close on January 30, 2024. Fonebook plans to raise around ₹20.37 Cr through an IPO with a sale of up to 2,910,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Fonebox Retail Limited serves as a multi-brand retailer specializing in smartphones and accessories, featuring renowned manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.

Operating under the brand names Fonebook and Fonebox, the company extends its services to encompass multi-brand retailing of consumer durables. This includes a diverse range of products such as laptops, washing machines, smart TVs, air conditioners, refrigerators, and more. Noteworthy brands in this category include TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.

Fonebox Retail (Fonebook)

Fonebook IPO Details

Fonebook IPO opens on Jan 25, 2024, and closes on Jan 30, 2024. The Listing date for Fonebook IPO is on Feb 2, 2024. The price band for IPO is ₹66 to ₹70 per share and lot size of 2000 Shares.

IPO DateJan 25, 2024 to Jan 30, 2024
Listing DateFeb 02, 2024
Price₹66 to ₹70 per share
Lot Size2000 Shares
Issue Size₹20.37 Cr
Face Value₹10 per share

Fonebook IPO Tentative Timetable

Fonebook opening date is January 25, 2024 and close date is January 30, 2024. The IPO allotment date is January 31, 2024. The refund initiation of IPO is on February 01, 2024. The credit of shares in demat account is on February 01, 2024. The listing date is on February 02, 2024.

IPO OpeningJan 25, 2024
IPO ClosingJan 30, 2024
IPO Allotment DateJan 31, 2024
Refund InitiationFeb 01, 2024
Shares Credit to DematFeb 01, 2024
Lisiting DateFeb 01, 2024

Fonebook IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).

HNI (Minimum)24000₹280,000

Fonebook IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding71.64%

Fonebook IPO Review

The company's business model includes offering credit/EMI facilities for product purchases through collaborations with leading financial institutions like Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank. With 153 stores in Gujarat, employing 130 people, Fonebox Retail Limited is strategically positioned in the retail landscape. As of March 31, 2023, the company has witnessed a substantial surge in revenue, recording a remarkable 115.85% increase, and an extraordinary 1149.88% rise in profit after tax (PAT) compared to the previous fiscal year. The financial indicators exhibit a robust Return on Equity (ROE) at 118.20% and a Return on Capital Employed (ROCE) at 34.55%. The debt/equity ratio stands at 5.03, reflecting the company's leverage.

The market capitalization of Fonebox IPO is projected at Rs 71.82 Cr. Pre-IPO earnings per share (EPS) is calculated at Rs 2.17, with a pre-IPO price-to-earnings (P/E) ratio of 32.18. Post-IPO, the EPS is estimated at Rs 1.56, resulting in a P/E ratio of 44.93. The price-to-book value (P/BV) is at 1.66. The IPO proceeds from the Fresh Issue are intended for meeting working capital requirements, general corporate purposes, and covering public issue expenses.

Fonebox Retail Limited presents a compelling IPO opportunity with robust financial performance, a diverse retail model, and strategic tie-ups with major financial institutions. Investors should assess the company's growth strategy, market expansion plans, and the potential impact of IPO proceeds on its future trajectory.

Fonebook IPO Subscription Status (Bidding Details)

Table not found

Fonebook IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Fonebook IPO FAQs

What is Fonebook IPO?

Fonebook is issuing 2,910,000 equity shares with a face value of ₹10 each, totaling up to ₹20.37 Cr. The shares are being offered at a price of ₹66 to ₹70 each, with a minimum order quantity of 2000 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Fonebook IPO will open?

Fonebook will open on January 25, 2024 for QIB, NII, and Retail Investors.

When Fonebook IPO will end?

Fonebook will end on January 30, 2024.

What is Fonebook IPO Size?

Fonebook IPO size is ₹20.37 Cr.

What is Fonebook IPO Price Band?

Fonebook price band is ₹66 to ₹70 per share.

What is the Fonebook IPO Allotment Date?

Fonebook allotment date is January 31, 2024.

What is the Fonebook IPO Listing Date?

Fonebook listing date is February 02, 2024. The IPO is to be listed on BSE and NSE.

How to Fonebook IPO through Zerodha?

To apply for the IPO “Fonebook” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Fonebook IPO through Upstox?

To apply for the IPO “Fonebook” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Fonebook IPO Allotment Status?

For Fonebook IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Fonebook IPO GMP?

You can check out here: Fonebook IPO GMP

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