Fonebox Retail Limited IPO

25 Jan 2024 - 30 Jan 2024 Individual Category SME IPO NSE

Min Investment

₹264000

Price Band

₹66-₹70

Issue Size

29.1 lakhs
Equity Shares

Lot Size

2000 (per lot)

IPO Dates
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25 Jan 2024

Open Date

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30 Jan 2024

Close Date

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31 Jan 2024

Allotment Date

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02 Feb 2024

Listing Date

Fonebox Retail Limited (Fonebook) IPO SME 2024 will open for subscription from January 25, 2024 Thursday to January 30, 2024 Tuesday.  The price band is set at Rs 66 to Rs 70 per share. The minimum lot size of this IPO is 2000 shares. The minimum lot size of this IPO is 2000 shares. Whereas, the minimum lot size for the HNI category is (2 lot) 4000 shares. The minimum amount of investment required for retail investors is Rs 1,40,000. (70 x 2000 shares). However for HNI category the minimum investment amount is required Rs 2,80,000 (70 x 4000 shares). Fonebox Retail Limited (Fonebook) IPO 2024 is a book-built issue of Rs 20.37 crore. This issue is entirely fresh issue consists of 29.1 lakh equity shares. The allotment for this IPO is expected to be finalized on Wednesday, January 31, 2024. Fonebox Retail IPO will list on NSE SME and listing date decided on Friday, February 2, 2024. The book running lead manager of Fonebox Retail Limited is Beeline Capital Advisors Pvt Limited. The registrar for this IPO is Kfin Technologies Limited. The market maker for the Fonebox Retail IPO is Spread X securities.

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About Fonebox Retail Limited Ipo

Fonebox Retail Limited is engaged in the business of multi- brand retail chains selling smartphones and accessories. Fonebook sells smartphones of prominent brands like  Samsung, OPPO, Apple, Redmi, Motorola, LG, Micromax. Additionally, they are also engaged in business selling consumer durables like Laptop, AC, Washing Machine, Refrigerators etc. of brands like Voltas, Realme, Mi, Haier etc. Fonebook has a portfolio of retail stores with different brands. Company started its operations with a brand name Fonebox for their company owned stores as well as for franchises. Later, to expand the business, the company acquired famous mobile phone retail store brands like “Fonebook” and “My Mobile” in 2021. Over the years, they have expanded their operations by aggressive acquisitions. As of January 2024, the company operates 124 stores from Gujarat. Out of 143, 39 stores are company owned and other 104 are franchise.

Founded

2021

Managing Director

Amitkumar Gopalbhai Patel

Parent Organization

IPO Objectives

The funds raised from this issue will allow the company to meet the working capital requirements. Moreover, the company will look to improve their retail chains to provide satisfaction to the customer needs. Also, the proceeds from the issue will be used for the general corporate purposes and to meet Public Issue expenses like Underwriting selling commissions, printing and distribution expenses, Legal Fee, Advertisement expenses, Registrar’s Fee, Depository Fee and Listing Fee.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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