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Fonebox Retail Limited IPO : Key Highlights

Fonebox Retail Limited IPO is set to launch on 25 January, 2023. The company is a retailer of smartphones and its accessories of various brands such as Apple, Vivo, Realme, Oppo, Narzo, Nokia, Motorola, Redmi, Micromax, LG etc. It has 2 brands working under the same business model namely Fonebox and Fonebook. Its product portfolio also includes washing Machines, laptops, Smart TV, Refrigerators, Air Conditioner, etc. These products are sold for brands such as Mi, Voltas, Lloyd, Haier, Daikin, TCL, OnePlus etc.

It also provides loans to its customers for buying of products through a tie up with financial institutions such as HDB Financial Services, Bajaj Finance, IDFC First Bank and HDFC Bank. In all the company has 153 stores in Gujarat out of which 40 are company owned and company operated and the others are franchise and company operated. The company is present in more than 20 cities in Gujarat and has an employee base of 130 people.

Fonebox Retail Limited IPO DETAILS

Fonebox Retail Limited IPO is set to launch on 25 January, 2023. The subscription timeline extends till 30 January, 2023. The size for the IPO is 20.37 Crore Rs. Shares issued through fresh issue mode are worth Rs 20.37 Crore. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 66 Rs to 70 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Fonebox Retail Limited IPO

IPO OPENING DATE	25 January, 2023
CLOSING DATE FOR IPO	30 January, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	66 Rs to 70 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	20.37 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	20.37 Crore Rs
LISTING AT	NSE SME
LISTING DATE	30 January, 2023

Fonebox Retail Limited IPO : IMPORTANT DATES

IPO OPENING DATE	25 January, 2023
CLOSING DATE FOR IPO	30 January, 2023
IPO ALLOTMENT DATE	31 January, 2023
REFUNDS	1 February, 2023
DEMAT A/C CREDITED ON	1 February, 2023
IPO LISTING DATE	2 February, 2023

Fonebox Retail Limited IPO begins for subscription from 25 January 2023. The IPO subscription would continue till 30 January, 2023. The allotment status for the shareholders who applied would come on 31 January, 2023. The refunds for the ones who did not get allotment would be initiated on 1 February, 2023. The DEMAT accounts of shareholders would be credited on 1 February, 2023. The listing of the company would be completed on 2 February, 2023.

Fonebox Retail Limited IPO : Lead Managers

The lead managers are :

Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 140000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 280000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	140000 Rs.
Maximum	4000 shares	280000 Rs.

OBJECTIVES FOR THE IPO

IPO proceeds would be used for general corporate purposes.
The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
Asset	71	2110	3861
Revenue	9.92	9092	19626
PAT	(-2.36)	12	159

Fonebox Retail Limited had an asset base of 71 Lakh Rs in 2021 which jumped to 2110 Lakh Rs in 2022 and 3861 Lakh Rs in 2023, The revenue of the firm was 9.92 Lakh Rs in 2021 which jumped to a mighty 9092 Lakh Rs in 2022 and 19626 Lakh Rs in 2023. The company had a loss of 2.36 Lakh Rs in 2021 which then converted to a 12 Lakh Rs profit in 2022 and 159 lakh Rs profit in 2023.

PROS

The company has multiple businesses. The company is a retailer of smartphones and its accessories of various brands such as Apple, Vivo, Realme, Oppo, Narzo, Nokia, Motorola, Redmi, Micromax, LG etc. It has 2 brands working under the same business model namely Fonebox and Fonebook. Its product portfolio also includes washing Machines, laptops, Smart TV, Refrigerators, Air Conditioner, etc. These products are sold for brands such as Mi, Voltas, Lloyd, Haier, Daikin, TCL, OnePlus etc.
It also provides loans to its customers for buying of products through a tie up with financial institutions such as HDB Financial Services, Bajaj Finance, IDFC First Bank and HDFC Bank.
In all the company has 153 stores in Gujarat out of which 40 are company owned and company operated and the others are franchise and company operated.
The company is present in more than 20 cities in Gujarat and has an employee base of 130 people.

Fonebox Retail Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
Click the Fonebox Retail Limited IPO button and press the BID button.
Entering the details asked for like UPI ID, Quantity and price.
Submit the application form for the IPO.
Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

dhairya@socialcoffee.in