Fonebox Retail was incorporated on February 05, 2021. The company is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. It is also engaged in multi-brand retail selling of consumer durable electronics goods like laptops, washing machines, smart TVs, air conditioners, fridges, etc., from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.
| Bidding Dates |
|---|
| 25 Jan 2024 - 30 Jan 2024 |
| Subscription |
|---|
| 613.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 2000 | 2.9 M | ₹66 - ₹70 | 71.64 % | ₹192.1 M - ₹203.7 M | RHP DOC |
Fonebox Retail IPO SUBSCRIPTION STATUS
30 Jan '24Fonebox Retail IPO overall subscription rate was 613.3 times the total available shares
Fonebox Retail IPO retail subscription rate was 1178.69 times in the retail segment
Fonebox Retail IPO non-institutional investor subscription rate was 1091.68 times in the non-institutional investor category
Fonebox Retail IPO Qualified Institutional Bidder subscription rate was 74.01 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Jan 2024 (Day 3) | 1178.69x | 1091.68x | 74.01x |
29 Jan 2024 (Day 2) | 386.16x | 189.61x | 2.04x |
25 Jan 2024 (Day 1) | 30.94x | 12.63x | 0x |
Fonebox Retail FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 15.5 | 1,397.6 | -71.5 | -72.7 | 1.7% |
| FY23 | 16.0 | 1,958.3 | -52.5 | -64.3 | 1.8% |
| FY22 | 1.3 | 909.1 | 9.1 | -36.0 | 0.9% |
| FY21 | -0.2 | 1.0 | 0.7 | 0.3 | -23.0% |
Fonebox Retail IPO SUBSCRIPTION STATUS DETAILS
Fonebox Retail had 2.9 M shares on offer
Fonebox Retail IPO offer price was in the range ₹66 - ₹70
Fonebox Retail IPO minimum Investment was ₹132000
Fonebox Retail IPO issue size was ₹ 192.1 M - ₹ 203.7 M
Fonebox Retail had a minimum lot size of 2000 Shares per application
Fonebox Retail NUMBER OF SHARES ON OFFER
Fonebox Retail IPO IMPORTANT DATES
| Issue Open Date | 25 Jan 2024 |
| Issue close Date | 30 Jan 2024 |
| Allotment Date | 31 Jan 2024 |
| Refund Date | 01 Feb 2024 |
| Demat Account Credit Date | 01 Feb 2024 |
| Listing Date | 02 Feb 2024 |
| Listing on Exchange(s) | NSE |
| Fonebox Retail Allotment Status | Exchange |
Fonebox Retail IPO subscription opened on 25 Jan 2024, and closed on 30 Jan 2024
IPO allotment for Fonebox Retail was finalized on Wednesday, 31 Jan 2024
IPO listing for Fonebox Retail was on NSE on Friday, 02 Feb 2024
Fonebox Retail IPO LISTING GAINS
| Issue Price (adjusted) | 70.0 |
| Listing Open Price | 200.0 |
| Listing Close Price | 210.0 |
| Listing Gain% | 185.7% |
| Current Gain% | 40.1% |
Fonebox Retail Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fonebox Retail Ltd. | 98.1 | 100.7 | 22.1 | 0.7 | 0.3 | 13.2 | 5.4 | 342.7 | 15.1 | 4.5 | 32.5 | 4.4 | 32.5 |
| Vedant Fashions Ltd. | 516.9 | 12559.5 | 32.5 | -13.1 | 8.6 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 93.9 | 11455.8 | 65.1 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 618.4 | 7986.5 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2782.1 | 7444.3 | 71.7 | 5.8 | 4.3 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 165.8 | 6380.3 | 30.9 | 0.3 | 0.8 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Fonebox Retail INFORMATION ON IPO ISSUE
About Fonebox Retail
Fonebox Retail was incorporated on February 05, 2021. The company is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. It is also engaged in multi-brand retail selling of consumer durable electronics goods like laptops, washing machines, smart TVs, air conditioners, fridges, etc., from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.
Object of the Issue
- To meet working capital requirements
- General corporate purposes
- To meet public issue expenses
Fonebox Retail - PROMOTERS
| Name |
|---|
| Manishbhai Girishbhai Patel |
| Jigar Lallubhai Desai |
| Parth Lallubhai Desai |
| Jigneshkumar Dashratahlal Parekh |
| Amitkumar Gopalbhai Patel |
Fonebox Retail Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Fonebox Retail Registrar to the issue
Kfin Technologies Private Limited
foneboxretail.ipo@kfintech.com
Fonebox Retail Strengths
Widespread distribution
The company sells its products through a total of 153 stores across the state of Gujarat, offering mobile handsets/smartphones, allied accessories, and other consumer-durable home appliances
Wide range of products
The company is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. It is also engaged in multi-brand retail selling of consumer durable electronics goods like laptops, washing machines, smart TVs, air conditioners, fridges, etc., from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus
Fonebox Retail Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company. Any adverse decision in these proceedings may have a material adverse effect on the business
Negative cash flow
The company had negative cash flow from operating activities in recent fiscal years. Sustained negative cash flow could adversely impact the business, financial condition, and results of operations
IPO FAQs
The promoters of the company are Manishbhai Girishbhai Patel, Jigar Lallubhai Desai, Parth Lallubhai Desai, Jigneshkumar Dashratahlal Parekh and Amitkumar Gopalbhai Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 66.0 - 70.0.
The IPO application opens on Jan 25, 2024 and closes on Jan 30, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Jan 31, 2024.
The refund will be credited to your account on Feb 01, 2024.
The allotted shares will be credited to your demat on Feb 01, 2024.
Fonebox Retail Ltd.’s shares listed on the stock exchanges on Feb 02, 2024.