Fonebox Retail Limited IPO

Price
₹66 - ₹70
Lot
2000
Subs.
226.63
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 25-Jan-2024
Close Date: 30-Jan-2024
Allotment Date: 31-Jan-2024
Listing Date: 02-Feb-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹66-70 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹140,000 : HNI - ₹280,000
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

Total

Shares Offered/Reserved5,56,0004,16,0009,70,00019,38,000
Day 1 - 25-01-24 
05:00 PM
0.01x9.93x25.47x14.88x
Day 2 - 29-01-24 
05:00 PM
3.82x143.88x300.01x182.14x
Day 3 - 30-01-24 
05:00 PM
138.69x819.99x886.32x659.42x
Total No. of Application:429,867 (Approx.)
Retail Subscription on the basis of Apps:2,066.67x
Valuations

Earning Per Share(EPS)2.17/-
P/E Ratio32.18
RoNW76.15%
Net Asset Value (NAV) - Post Issue:42.05/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20233,861.0519,626.09159.86
31 Mar,20222,110.709,092.3312.79
31 Mar,202171.089.92-2.36
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding71.64%
Company Promoter(s)
1. Mr. Manishbhai Girishbhai Patel
2. Mr. Jigar Lallubhai Desai
3. Mr. Parth Lallubhai Desai
4. Mr. Jigneshkumar Dashrathlal Parekh
5. Mr. Amitkumar Gopalbhai Patel
Issue Objective(s)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. General corporate purposes
  3. To meet Public Issue Expenses
About Company

Fonebox Retail Limited is engaged in multi-brand retailing 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 retailing 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 offers credit/EMI facilities to its customers for the purchase of products for which the company has tied up with leading financial institutions like Bajaj Finance, HDB Financial Service, HDFC Bank and IDFC First Bank.

The company operates under two brands, Fonebook and Fonebox.

As of September 25, 2023, the company had a total of 153 stores in the state of Gujarat. Out of the 153 stores, 40 are company-owned and company-operated retail stores ("COCO model"), and 113 stores under the franchisee and company-operated model ("FOCO model") spread across more than 20 cities in Gujarat.

As on July 31, 2023, the company had a total of 130 employees.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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