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SME IPO Status: Listed [25th Jan 2024 to 30th Jan 2024]
Fonebox IPO, a SME IPO of ₹20.37 Cr was launced on 25-01-2024 to 30-01-2024 and the shares got listed on NSE SME on 02-02-2024.
The public issue of Fonebox IPO (FONEBOX) was offered at ₹70.00 per share and the ipo was listed at ₹200.00. It has delivered listing gain of 185.71%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 260000 per lot return on listing.
| SME IPO Issue Opening Date: | 25th Jan 2024 |
| SME IPO Issue Closing Date: | 30th Jan 2024 |
| SME IPO Issue Price: | ₹66.00-70.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹20.37 Cr |
| Fresh Issue: | ₹20.37 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 71.64% |
| Allotment Status: | Allotment Status |
| NSE Code: | FONEBOX |
Get important updates regarding Fonebox SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 31st Jan 2024 |
| Refunds Initiation* | 1st Feb 2024 |
| Credit of Shares to Demat* | 1st Feb 2024 |
| SME IPO Listing Date* | 2nd Feb 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹66.00-70.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹140000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 02-02-2024 | 70.00 | 130 | 197600 | ₹200 (185.71%) | 2-Feb-2024 9:27 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Fonebox Retail Limited was founded in February 2021. The company is engaged in multi-brand retail of smartphones and accessories from manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax. The company is also engaged in multi-brand retail of consumer durables such as laptops, washing machines, smart TVs, air conditioners, refrigerators, etc. from brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme and OnePlus.
The company operates its retail business with multiple brands. It has a portfolio of retail stores with various brands. Initially, the company started its business with the "Fonebox" brand, both for company-owned and franchise stores. In addition, in 2021, the company acquired well-known cell phone retail brands such as “Fonebook” and “My Mobile” from the respective owners under a business purchase agreement. Over the years, the company has expanded its business by acquiring several stores. In financial year 2022, the Company acquired additional stores operating under their respective registered and unregistered trademarks. For further details of this transaction, please refer under the heading “Significant Events" in the chapter titled “History and Corporate Affairs” beginning on page 159 of this Draft Red Herring Prospectus.
The Company offers credit/EMI facilities to its customers for purchase of their products for which the Company has tied up with leading financial institutions like Bajaj Finance, HDB Financial Service, HDFC Bank and IDFC First Bank. To maintain the relationship with its valuable customers, the company also provides after sales service for cell phones and tablets at its own retail and franchisee outlets.
| Incorporation | Sector | IPO Issue Size | Website |
| 2021 | Diversified Retail | ₹20.37 Cr | http://www.fonebook.in/ |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 556,000 (28.69%) | 967,400 (49.92%) | 414,600 (21.39%) | 1,938,000 | |
| 1 | 25th Jan 2024 19:32 | 0.01x | 4.27x | 59.60x | 14.88x |
| 2 | 29th Jan 2024 19:32 | 3.82x | 143.88x | 300.01x | 182.14x |
| 3 | 30th Jan 2024 19:32 | 138.69x | 819.99x | 886.32x | 659.42x |
Fonebox Retail Limited's revenue increased by 115.85% and profit after tax (PAT) rose by 1149.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,342.27 | 3,861.05 | 2,110.70 | 71.08 |
| Revenue | 14,022.98 | 19,626.09 | 9,092.33 | 9.92 |
| Profit After Tax | 155.19 | 159.86 | 12.79 | -2.36 |
| Net Worth | 916.72 | 210.26 | 60.23 | 12.38 |
| Reserves and Surplus | 190.48 | 170.29 | 10.43 | -2.36 |
| Total Borrowing | 506.57 | 1,058.22 | 584.26 | |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Fonebox Retail Limited | 2.35 | 42.05 | 32.18 | 76.15 | Standalone | |
| Jay Jalaram Technologies Limited | 2.55 | 21.22 | 71.73 | 10.62 | Standalone | |
| Bhatia Communications & Retail (india) Ltd | 0.68 | 4.36 | 25.1 | 15.55 | Standalone |
Last Updated on 06-Feb-2024 06:02:45
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Fonebox SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Fonebox SME IPO with Zerodha.
Alternate approch to apply in Fonebox SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Fonebox SME IPO Review and Important Updates
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To subscribe or apply in Fonebox SME IPO, you can use the following methods:
| Fonebox SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Fonebox SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Fonebox SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Fonebox SME IPO. Most of the Syndicate Banks provide access to apply in Fonebox IPO via ASBA process. You must have your net banking access, DP ID information to apply in Fonebox SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Fonebox SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Fonebox SME IPO Review and Important Updates
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Fonebox SME IPO is going to be list on 02-02-2024. NSE Code for Fonebox is FONEBOX.
Other relevant questions:
When Fonebox SME IPO will be listing? Fonebox SME IPO NSE listing date?Fonebox SME IPO date of listing
Fonebox SME IPO Allotment Date is 31-01-2024.
Other relevant questions:
Fonebox SME IPO share allotment date?Fonebox SME IPO allotment date?
I am bit sceptical on numbers. I google up to look for stores, found 18 - 12 in Guj, 1 Pun, 1 J&K, 2 in south, 1 Bangladesh and 1 Pak. really!! thinking may be out of country not be related. hmm.
Revenue 14,022.98 19,626.09 9,092.33 9.92
if I am reading correct, it says amount in Lakhs.
does it mean revenue in 2023 jumped to 196 crores from 9 crores?? how ???????
Am I seeing this only...!