Fonebox Retail Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹130(185.71%)
Premium (ELP)
Fonebox Retail Limited's successfully completed its Initial Public Offering and commenced trading on Feb 02, 2024 at the NSE exchange. The company raised 29,10,000 Shares through this public offering, comprising 29,10,000 Shares in fresh capital.
The IPO was priced within the band of ₹66 to ₹70, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Jan 25, 2024 to Jan 30, 2024.
Share allotment was finalized on Jan 31, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Fonebox Retail Limited is a multi-brand retailer specializing in smartphones and accessories from leading manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. Operating under the brand names Fonebook and Fonebox, the company also retails consumer durables, including laptops, washing machines, smart TVs, air conditioners, and refrigerators, from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus. To enhance affordability, Fonebox Retail offers credit and EMI facilities through partnerships with major financial institutions such as Bajaj Finance, HDB Financial Services, HDFC Bank, and IDFC First Bank. As of September 25, 2023, the company had 153 stores across Gujarat, with 40 company-owned and company-operated stores (COCO model) and 113 under the franchisee and company-operated model (FOCO model), covering more than 20 cities. As of July 31, 2023, Fonebox Retail Limited employed a total of 130 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Manishbhai Girishbhai Patel
- Mr. Jigar Lallubhai Desai
- Mr. Parth Lallubhai Desai
- Mr. Jigneshkumar Dashrathlal Parekh
- Mr. Amitkumar Gopalbhai Patel
Fonebox Retail Limited
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