Fonebox Retail Limited

Company Profile
Company Name Fonebox Retail Limited
Open Date 25-01-2024
Close Date 30-01-2024
Exchange NSE SME
Lot Size 2000 Shares
Issue Price ₹66 to ₹70 per share
Issue Size 29,10,000 shares
Application Amount ₹1,40,000
Recommendation Avoid
Fonebox Retail Limited was originally incorporated in the year 2021 and had its registered office in Ahmedabad, Gujarat, India.The company is engaged in multi-brand retail selling of smartphones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax.The company operate a total of 143 stores across the state of Gujarat. Out of 143 stores 39 stores are Company Owned and Company Operated retail outlets (“COCO Model”) and 104 stores are under Franchise Owned and Company Operated retail model (“FOCO Model”).As of 1st January 2024, the Company had 130 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Sept-23
Total Assets 71.07 2,110.70 3,858.05 4,342.27
Net Assets 12.64 60.43 220.29 925.48
Total Borrowings - 584.26 1,058.22 506.57
Total Revenue 9.92 9,002.33 19,626.0 14,022.9
Profit After Tax -2.36 12.79 160.37 155.19

Tentative Timeline

Opening Date 25-01-2024
Closing Date 30-01-2024
Basis of Allotment 31-01-2024
Initiation of Refunds 01-02-2024
Credit of Shares to Demat 01-02-2024
Listing Date 02-02-2024

Objects of the Issue

To Meet Working Capital Requirements.
To meet Public Issue Expenses.
General corporate purposes.

Contact Information

Registered Office Fonebox Retail Limited 702/703, 7th Floor, Satyam 64, Opp. Gujarat High Court, S G Road, Ahmedabad- 380061
Phone +079 46025304

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB 556,000 (19.11%)
NII 967,400 (33.24%)
RII 414,600 (14.25%)
Anchor investors 826,000 (28.38%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 71.64%

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