Fonebook IPO is hitting the market with a fresh offer of Rs 20.37 crores, which means they’re creating new shares, not selling existing ones. They plan to release 29.1 lakh shares in this offering.
If you’re interested, you can subscribe to the Fonebook IPO from January 25, 2024, to January 30, 2024. The folks in charge say they’ll decide who gets what on Wednesday, January 31, 2024. Fonebook shares are expected to start trading on NSE SME from Friday, February 2, 2024.
Wondering how much it’ll cost you? Well, the Fonebook IPO is pricing its shares between ₹66 to ₹70 each. But here’s the catch – you can’t just buy one or two shares. Nope, the smallest package you can get is 2000 shares, and that’ll set you back ₹140,000. If you’re feeling extra fancy, the big investors (HNI) need to go for at least 2 lots, which means 4,000 shares, and that’ll cost them ₹280,000.
For those curious about the people handling this IPO, Beeline Capital Advisors Pvt Ltd is the main guy making sure everything runs smoothly, and Kfin Technologies Limited is keeping track of who owns what. Spread X Securities is the one making sure there’s a market for these Fonebook shares.
And if you want all the nitty-gritty details, check out the Fonebook IPO RHP. It’s like the instruction manual for this stock market adventure.
Fonebook Retail IPO Details
| Parameter | Details |
|---|---|
| IPO Date | January 25, 2024 to January 30, 2024 |
| Listing Date | Friday, February 2, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,910,000 shares (aggregating up to ₹20.37 Cr) |
| Fresh Issue | 2,910,000 shares (aggregating up to ₹20.37 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,350,000 |
| Share holding post issue | 10,260,000 |
| Market Maker portion | 146,000 shares |
| Market Maker | Spread X Securities |
Fonebook Retail IPO Schedule
| Event | Date |
|---|---|
| IPO Open Date | Thursday, January 25, 2024 |
| IPO Close Date | Tuesday, January 30, 2024 |
| Basis of Allotment | Wednesday, January 31, 2024 |
| Initiation of Refunds | Thursday, February 1, 2024 |
| Credit of Shares to Demat | Thursday, February 1, 2024 |
| Listing Date | Friday, February 2, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 30, 2024 |
Fonebook Retail IPO Lot Size
Investors have the option to bid for a minimum of 2000 shares, and they can increase their bid in multiples of this amount. The table below illustrates the minimum and maximum investment values for both retail investors and HNI, considering both shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |
About Fonebox Retail IPO
Fonebox Retail Limited stands as a diverse retailer specializing in smartphones and accessories, featuring renowned brands like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.
Operating under the brand names Fonebook and Fonebox, the company extends its expertise to multi-brand retailing, encompassing consumer durables such as laptops, washing machines, smart TVs, air conditioners, refrigerators, and more. Noteworthy brands in this category include TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.
Beyond its product offerings, Fonebox Retail Limited provides convenient credit/EMI facilities to customers, establishing partnerships with major financial institutions such as Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank.
Fonebox Retail IPO Financial Information
| 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 |
Fonebox Retail Key Performance Indicator
| KPI | Values |
|---|---|
| Market Capitalization | Rs 71.82 Cr |
| Return on Equity (ROE) | 118.20% |
| Return on Capital Employed (ROCE) | 34.55% |
| Debt/Equity | 5.03 |
| Return on Net Worth (RoNW) | 76.15% |
| Price to Book Value (P/BV) | 1.66 |
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