Fonebox Retail IPO GMP, Details, Date, Price, Allotment 2023

Fonebox Retail IPO description – Fonebox Retail Limited is coming up with its Initial public offering. The IPO will be open for subscription on January 25, 2024

 

Fonebox Retail IPO – Details

 

IPO Open Date 25 January 2024
IPO Close Date 30 January 2024
Issue Type Book Built Issue IPO
Issue Size 29,10,000 Shares Worth ₹20.37 Crore

Fresh Issue: 29,10,000 Shares Worth ₹20.37 Crore

Face Value ₹10 per equity share
IPO Price ₹66 – ₹70
Market Lot 2000 Shares
Minimum Order 2000 Shares (1 Lot)
Listing At NSE SME
Register Kfin Technologies Limited
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%

 

Fonebox Retail IPO – Date Schedule

 

IPO Opening Date 25 January 2024
IPO Closing Date 30 January 2024
Finalization of Basis of Allotment 31 January 2024
Refunds Initiation 01 February 2024
Transfer of shares to demat accounts 01 February 2024
Listing Date of IPO 02 February 2024

 

Fonebox Retail IPO – About Company 

 

Fonebox Retail Limited serves as a diverse retailer, offering a range of smartphones and accessories from prominent manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.

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

To facilitate customer purchases, Fonebox Retail Limited provides credit/EMI facilities, collaborating with major financial institutions like Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank.

As of September 25, 2023, the company boasts a network of 153 stores across the state of Gujarat. This includes 40 company-owned and operated retail stores following the “COCO model” and 113 stores under the franchisee and company-operated model (“FOCO model”). These establishments are strategically spread across more than 20 cities in Gujarat.

As of July 31, 2023, the company employs a total of 130 individuals., contributing to its operational success.

Fonebox Retail IPO
Fonebox Retail IPO

Fonebox Retail IPO – Industry Overview 

 

  1. INCREASING MOBILE SUBSCRIBERS
  • India is the second-largest smartphone market in the world. India’s mobile subscriber base is expected to reach 1,420 million by 2024 from 1,200 million in 2018. 
  • By 2022, the 4G user base is expected to reach 820 million. 
  1. UNTAPPED RURAL MARKETS 
  • Tele-density of rural subscribers reached 57.46% in March 2022. 
  1. RISING INTERNET PENETRATION
  • Internet penetration is expected to grow steadily and is likely to be bolstered by Government policy. 
  • Number of broadband subscribers reached 846.57 million in March 2023. 
  • To encourage cash economy, Indian Government announced to provide free Wi-Fi to more than 1,000 gram panchayats. 
  1. DEVELOPMENT OF TELECOM INFRASTRUCTURE 
  • TRAI has made several recommendations for the development of telecom infrastructure, including tax benefits and recognising telecom infrastructure as essential infrastructure.
  1. GROWTH IN MVAS 
  • Indian Mobile Value-Added Services (MVAS) industry is expected to row at a CAGR of 18.3% during the forecast period of 2015-2020 and reach US$ 23.8 billion by the end of 2020 
  1. TELECOM ADVERTISING MARKET
  • According to a Zenith Media survey, India is expected to become the fastest growing telecom advertisement market, with an annual growth rate of 11% between 2020 and 2023 
  1. TELECOM ADVERTISING MARKET 
  • In order to overcome the cash related problems being faced by people, due to demonetisation, Paytm launched a service through which consumers and merchants can pay and receive money instantly, without an internet connection. 
  • Payments on unified payments interface (UPI) hit an all-time high of 97.88 million (by volume), with transactions worth ~Rs. 12.98 trillion (US$ 157.85 billion) in January 2023  

 

Fonebox Retail IPO Financial Performance

 

  FY 2022 FY 2023 H1 FY 2024
Revenue 90.91 195.83 139.76
Expenses 90.74 194.07 138.07
Net income 0.13 1.60 1.55

Figures in INR Crores

 

Fonebox Retail IPO – Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS (0.04) 0.19 2.35
PE ratio 28.09 – 29.79
RONW (%) (19.10) 21.24 76.15
NAV 8.25 12.05 42.05
ROCE (%) (36.99) 17.02 34.55
EBITDA (%) (23.04) 0.92 1.77
Debt/Equity 0.00 9.70 5.03

 

Fonebox Retail IPO – Prospectus

 

Fonebox Retail IPO Competitive Strengths

 

  • HExperienced Promoters and Management Team.
  • Widespread distribution network.
  • Wide range of Products.
  • Strategic location and facilities.

 

Fonebox Retail IPOObject Of The Issue

 

  • To Meet Working Capital Requirements.
  • General corporate purposes.
  • To meet Public Issue Expenses.

 

Fonebox Retail IPO GMP Today

 

Date  IPO GMP Kostak Subject to Sauda
25 January 2024 50 78,500
23 January 2024 50 75,000
22 January 2024 50 75,000
20 January 2024 50 75,000
19 January 2024 50 75,000

 

 

Fonebox Retail IPO – Allotment Status

Fonebox Retail IPO allotment status will be available on  KFin Tech website. Click on this link to get allotment status.

Fonebox Retail IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Min) 1 2000 1,40,000
Retail (Max) 1 2000 1,40,000
HNI (Min) 2 4000 2,80,000

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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