Fonebox Retail IPO: Date, Price, Allotment Date

Fonebook IPO Details: Fonebox Retail’s initial public offering date has been scheduled and it will launch from January 24 till 29 January 2024 on NSE SME to raise Rs 20.37 crores via its price band of 66-70 per market lot of 2000 shares.

Fonebox Retail IPO Date Review Price Allotment Details Accreditations

Fonebox Retail Limited: A Comprehensive Overview

Fonebox Retail specialises in multi-brand retail selling of smartphones from manufacturers like Vivo, Apple, Samsung, Oppo, Realme Nokia Narzo Redmi Motorola LG Micromax as well as consumer durable goods from TCL Haier Lloyd Daikin Voltas Mi Realme OnePlus among others.

They sell these through laptops washing machines TV’s air Conditioners fridges etc sourced directly from these vendors and manufacturers like these brands respectively.

Business:

  • Fonebox Retail operates under two brands, Fonebook and Fonebox, to offer smartphones and accessories from popular manufacturers such as Vivo, Apple, Samsung, Oppo Realme. and others.
  • Consumer Durables: TCL has made great strides in multi-brand retailing of consumer durables such as laptops, washing machines, televisions, air conditioners and refrigerators from top brands like TCL, Haier, Lloyd Daikin Voltas Mi and OnePlus.
  • Retail Network: With 100 stores located across 13 states of India primarily concentrated in eastern and western regions, our retail footprint is extensive.
  • Fonebox Retail emphasizes customer-driven retailing by offering online and offline purchasing options with personalized customer care at their core.

Financials data/performance report:

  • Growing Revenue: The company experienced strong revenue growth of 48% year-on-year to reach Rs726 crores during FY23.
  • Profitability: Although FY23 marked its entry into profitability, its net profit margin remained modest at 1.4%.
  • Debt Burden: Of particular note is the high debt-to-equity ratio of 1.12, signalling potential financial risk.

Management:

Leadership Team: Our company is led by Chairman and Managing Director Mr. Guruprasad Bhowmick who boasts more than three decades of retail industry expertise.

Future prospects:

  • Performance of Initial Public Offering (IPO): On January 24-29, 2024, our recent initial public offering received overwhelming investor enthusiasm, signalling confidence in its future development.
  • Fonebox Retail’s growth plans: Fonebox Retail intends to significantly expand and diversify their store network while targeting Tier II and III cities as potential expansion spots.
  • Obstacles: Competition among retail and smartphone vendors can be intense; managing debt levels while remaining profitable will be essential to long-term growth and expansion.

Fonebox Retail Pro and Cons:

ProsCons
Strong brand presence: Fonebox and Fonebook are recognized brands in the smartphone and consumer durables retail market, particularly in eastern and western India.High debt-to-equity ratio: The company’s debt burden raises concerns about financial stability and limits their borrowing capacity for future expansion.
Omnichannel approach: Their focus on online and offline retail caters to diverse customer preferences and expands their reach.Modest profitability: While profitable, their net profit margin is small, making them vulnerable to market fluctuations and competitive pressures.
Experienced leadership: The management team possesses extensive experience in the retail industry, providing strategic direction.Intense competition: The retail and smartphone market is highly competitive, with established players and online giants posing significant challenges.
Growth potential: The expanding consumer electronics market and increasing penetration in Tier II and III cities offer significant growth opportunities.Limited geographical reach: Their store network is currently concentrated in specific regions, limiting their access to a wider customer base.
Positive IPO response: The recent IPO was well-received by investors, indicating confidence in the company’s future.Dependence on vendor contracts: Their success relies heavily on securing favorable contracts with smartphone and consumer durable brands.

Industries Served

Fonebox Retail caters to a wide range of industries, providing tailored communication solutions to meet the unique needs of each sector. The company serves businesses in sectors such as healthcare, finance, retail, hospitality, and more.

By understanding the specific communication requirements of different industries, Fonebox Retail is able to deliver customized solutions that enhance productivity, efficiency, and customer satisfaction.

Fonebox Retail IPO Dates and Band Price Details:

IPO Open:January 24, 2024
IPO Close:January 29, 2024
IPO Size:Approx ₹20.37 Crores, 2,910,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹66 to ₹70 Per Equity Share
IPO Listing on:NSE SME
Retail Quota:35% of the net offer
QIB Quota:50% of the net offer
NII Quota:15% of the net offer
DRHP Draft Prospectus:Click Here

Fonebox Retail IPO Market Lot size:

ApplicationLot SizeSharesAmount
Retail Minimum12000₹140,000
Retail Maximum12000₹140,000
S-HNI Minimum24000₹280,000

Fonebox Retail IPO Dates :

IPO Open Date:January 24, 2024
IPO Close Date:January 29, 2024
Basis of Allotment:January 30, 2024
Refunds:January 31, 2024
Credit to Demat Account:January 31, 2024
IPO Listing Date:February 1, 2024

Fonebox Retail Financial Report:

YearRevenueExpensePAT
2021₹0.10 Cr₹0.12 Cr₹0.02 Cr
2022₹90.92 Cr₹90.74 Cr₹0.13 Cr
2023₹196.26 Cr₹194.07 Cr₹1.60 Cr
2024 6M₹140.23 Cr₹138.07 Cr₹1.55 Cr

PAT:- profit after tax.

Peer Group

  • Jay Jalaram Technologies Limited
  • Bhatia Communications & Retail (India) Limited

Company Promoters

  • Mr. Manishbhai Girishbhai Patel
  • Mr. Jigar Lallubhai Desai
  • Mr. Parth Lallubhai Desai
  • Mr. Jigneshkumar Dashrathlal Parekh
  • Mr. Amitkumar Gopalbhai Patel

Fonebox Retail IPO Registrar

CategoryDetails
Company NameKfin Technologies Limited
Phone04067162222, 04079611000
Email[email protected]
Websitehttps://kosmic.kfintech.com/ipostatus/

Company Details:

CategoryDetails
Company NameFonebox Retail Limited
Address702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court, S G Road, Ahmedabad- 380061
Phone+079 46025304
Email[email protected]
Websitehttp://www.fonebook.in/

Frequently Asked Question faqs

When Fonebox Retail IPO will open?

IPO registration opens up on January 24 for qualified institutional, individual and retail investors (QIB, NII and Retail Investors).

What is Fonebox Retail IPO Investors Portion?

QIB investors own 50%, NII 15% and retail 35% of each parcel.

What is Fonebox Retail IPO Size?

Fonebox Retail’s initial public offering (IPO) size stands at Rs 20.37 crores.

What is Fonebox Retail IPO Price Band?

Fonebox Retail IPO Price Range Is Between Rs 66 to Rs 70 Per Equity Share

What is Fonebox Retail IPO Minimum and Maximum Lot Size?

The initial public offering bid will consist of 2000 shares at Rs140,000 each.

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