Fonebox Retail Limited IPO Price Details, Timeline, and Financial Status

Fonebox Retail Limited

Fonebox Retail Limited distinguishes itself as a prominent multi-brand retailer specializing in smartphones and electronic accessories, featuring leading manufacturers like Apple, Samsung, Vivo, and more. Operating under the brands Fonebook and Fonebox, the company extends its reach beyond smartphones to include a diverse range of electronic and whitegoods products, collaborating with renowned manufacturers such as TCL, Haier, and Realme.

With 153 stores, including both company-owned and franchise-operated outlets, primarily concentrated in Gujarat, Fonebox Retail Ltd provides credit and EMI facilities through partnerships with financial institutions like Bajaj Finance and HDFC Bank. The company's commitment to affordable and accessible electronic products has made it a key player in the retail landscape.

Fonebox Retail Limited IPO Price Details

Fonebox Retail Limited, a multi-brand smartphone retailer, is gearing up for its initial public offering (IPO) with shares priced between ₹66 and ₹70 each. The IPO, scheduled to open on January 24, 2024, and close on January 29, 2024, offers an entry point for investors with a minimum lot size of 2,000 shares.

With reserved portions for qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors, the IPO reflects Fonebox's inclusive approach. The shares are expected to be credited to allottees' demat accounts on January 30, 2024, and the listing on NSE SME is tentatively set for February 1, 2024.

Fonebox Retail Limited IPO Preliminary Timeline

Fonebox Retail Ltd's SME IPO is set to captivate investor interest with its opening on January 24, 2024, and a closing date of January 29, 2024. Investors can actively participate in the bid process from 10:00 AM on January 24, 2024, until 5:00 PM on January 29, 2024.

Lot Size of Fonebox Retail Limited IPO

Fonebox Retail Ltd has allocated 1,46,000 shares as inventory for market making, with the market name yet to be disclosed. The net offer, excluding the market maker allocation, will be distributed among qualified institutional buyers (QIBs), retail investors, and high net worth individuals (HNI) / non-institutional investors (NII) based on a predetermined ratio set by the company and its investment bankers.

The allocation details for different investor categories will be outlined in the upcoming stages of the IPO process.

For the IPO, the smallest amount you can invest is in a lot of 2,000 shares. This means if you're a regular investor, the least you can put in is ₹140,000 (2,000 x ₹70 per share). But that's also the most you can invest. If you're a big investor (HNI / NII), you need to buy at least 2 lots, which is 4,000 shares, and spend at least ₹280,000.

There's no maximum limit on how much big investors (QIBs and HNI / NII) can apply for. The table below shows how the lots are divided for different types of investors.

Fonebox Retail Limited IPO Financial Status

Fonebox Retail Limited's IPO unveils robust financial performance, marked by a significant surge in net revenues to ₹196.26 crore in FY23 and a noteworthy profit margin. With a return on equity of 76.19%, the company showcases financial strength. However, the exceptional sales growth in FY22 is influenced by a low base, emphasizing the importance of sustainable growth for future evaluations.