Fonebox Retail IPO GMP, Review, Price, Allotment

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Last updated on February 2, 2024

Fonebox Retail IPO GMP

Fonebox Retail IPO description – Fonebox Retail specializes in multi-brand retail, featuring smartphones and accessories from top manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. The company also offers consumer durable electronics from brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus, ensuring a diverse range of innovative choices for your tech and lifestyle needs.

The company primarily functions under the brand names Fonebook and Fonebox. As of 25 September 2023, it operates a total of 153 stores across the state of Gujarat. Among these, 40 stores follow the company-owned and company-operated retail outlets (COCO Model), while 113 stores operate under the franchise-owned and company-operated retail model (FOCO Model). These outlets are strategically distributed across more than 20 cities in Gujarat.

Fonebox Retail offers credit/EMI facilities to customers for purchasing its products through strategic partnerships with major leading credit institutions such as Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank. As of 31 July 2023, Fonebox Retail employs a total of 130 individuals.

Fonebox Retail IPO

Promoters of Fonebox Retail – Mr. Manishbhai Girishbhai Patel, Mr. Jigar Lallubhai Desai, Mr. Parth Lallubhai Desai, Mr. Jigneshkumar Dashrathlal Parekh, and Mr. Amitkumar Gopalbhai Patel


Fonebox Retail IPO Details

Fonebox Retail IPO Dates25 – 30 January 2024
Fonebox Retail Issue PriceINR 66 – 70 per share
Fresh issue2,910,000 shares (INR 19.21 – 20.37 crore)
Offer For SaleNIL
Total IPO size2,910,000 shares (INR 19.21 – 20.37 crore)
Minimum bid (lot size)2,000 shares (INR 140,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE SME

Fonebox Retail Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Revenue0.1090.91195.83139.76
Expenses0.1290.74194.07138.07
Net income(0.02)0.131.601.55
Figures in INR Crores unless specified otherwise

Fonebox Retail Issue News


Fonebox Retail Valuations & Margins

FY 2021FY 2022FY 2023
EPS(0.04)0.192.35
PE ratio28.09 – 29.79
RONW (%)(19.10)21.2476.15
NAV8.2512.0542.05
ROCE (%)(36.99)17.0234.55
EBITDA (%)(23.04)0.921.77
Debt/Equity 0.009.705.03
*Compiled by IPO Central from Prospectus

Fonebox Retail IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
1 February 2024125185,000
31 January 2024125185,000
30 January 2024125185,000
29 January 2024120180,000
27 January 2024120180,000
26 January 2024120177,500
25 January 2024110172,500
24 January 20245078,500
23 January 20245075,000
22 January 20245075,000
20 January 20245075,000
19 January 20245075,000

Fonebox Retail IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered552,000416,000970,0001,938,000
30 Jan 2024139.70819.30882.52657.37
29 Jan 20243.85142.48290.38177.02
25 Jan 20240.019.4923.2613.68

The market maker reservation portion of 1,46,000 shares is not included in the above calculations.


Fonebox Retail IPO Allotment Status

Fonebox Retail IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.


Fonebox Retail IPO Dates & Listing Performance

IPO Opening Date25 January 2024
IPO Closing Date30 January 2024
Finalization of Basis of Allotment31 January 2024
Initiation of refunds1 February 2024
Transfer of shares to demat accounts1 February 2024
IPO Listing Date2 February 2024
Opening Price on NSE SMEINR 200 per share (up 185.71%)
Closing Price on NSE SMEINR 210 per share (up 200%)

Fonebox Retail Offer Lead Manager

BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784
Email[email protected]
Website: www.beelinemb.com


Fonebox Retail Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: 91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com


Fonebox Retail Offer Contact Details

FONEBOX RETAIL LIMITED
702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court,
S G Road, Ahmedabad- 380061, Gujarat, India
Phone: 079 46025304
E-mail: [email protected]
Website: www.fonebook.in


IPO FAQs

What is the Fonebox Retail Issue size?

Fonebox Retail offer size is INR 19.21 – 20.37 crores.

What is the Fonebox Retail offer price band?

Fonebox Retail public offer price is INR 66 – 70 per share.

What is the lot size of the Fonebox Retail IPO?

Fonebox Retail offers a lot size of 2,000 shares.

What is Fonebox Retail IPO GMP today?

Fonebox Retail IPO GMP today is INR 125 per share.

What is the Fonebox Retail kostak rate today?

Fonebox Retail kostak rate today is NA per application.

What is Fonebox Retail Subject to Sauda rate today?

Fonebox Retail is Subject to the Sauda rate today is INR 185,000 per application.

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