Fonebox Retail IPO

The allocation for Fonebox Retail’s initial public offering (IPO) is probably complete. Applicants for the issuance can now visit the National Stock Exchange (NSE) website to verify their allocation status. Investors discover on the allotment date how many shares they have been allotted in relation to their bids.

 

Here’s how to verify your allotment status of Fonebox Retail IPO:

Step 1: If you’re a new user, go to the NSE IPO login page and register.

Step 2: The NSE will send you an email notice with your login credentials as soon as you register. To log in, use these details.

Step 3: Enter your PAN information. Subsequently, the information of the bids made against your registered PAN number will be visible to you.

 

Open Demat Account on MStock With Zero Brokerage 

 

 

Status of Fonebox Retail IPO Subscription

On the last day, the IPO for Fonebox Retail was oversubscribed, with a subscription rate of 437.79 times. Against the 29.1 lakh equity shares that were available, more than 127.39 crore shares were received. The NSE data that is now available shows that offers for 85.60 crore shares were placed by retail investors against the allotted quota, while bids for approximately 34.08 crore shares were placed by non-institutional investors until 5 PM. In the meantime, offers for more than 7.71 lakh shares were received by qualified institutional buyers (QIBs).

 

Anchor Allocation for Fonebox Retail’s IPO

Through anchor allotment, the firm was able to raise Rs. 5.78 crore. NV Capital VC – NV Capital Emerging Star Fund received 682,000 shares at a bid price of Rs. 70 per share. In addition, 144,000 shares were allocated to LC Radius Fund VC.

 

Size of Fonebox Retail IPO Issue

A total of 29.1 lakh equity shares, valued at Rs. 20.37 crore, are being issued in the IPO.

 

Retail IPO Price Band for Fonebox

The pricing range for the company’s shares is between Rs. 66 and Rs. 70 per share.

Premium Grey Market Pitch for Fonebox Retail IPO (GMP)

On the black market, Fonebox Retail shares were selling for between Rs. 125 and Rs. 130 more than they were worth.

 

Structure of the Fonebox Retail IPO Issue

A new issue of 29,10,000 equity shares with a face value of Rs. 10 apiece is part of the offer. 13,778,000 stock shares are set aside for the QIB quota; these comprise 4,16,000 equity shares set aside for the anchor reservation, 9,70,000 equity shares set aside for the retail quota, and 1,46,000 equity shares set aside for the market maker quota.

 

Key Dates for the Fonebox Retail IPO

January 25 was the start of the IPO, and it ended on January 30. The finalization of the allocation is anticipated to occur on Wednesday, January 31, and the refunds and share transfers to demat accounts are anticipated to start on Thursday, February 1. It is anticipated that the stock would go live on NSE Emerge on Friday, February 2.

 

Concerning Fonebox Retail

From brands including Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax, the company provides smartphones and related accessories. Through its multi-brand stores located throughout Gujarat, it also sells consumer durable electronics like computers, washing machines, smart TVs, air conditioners, and refrigerators from well-known brands like TCL, Haier, Lloyd, Daikin, Voltas, MI, Realme, and OnePlus.

Retail Promoters of Fonebox

Manishbhai Girishbhai Patel, Jigar Lallubhai Desai, Parth Lallubhai Desai, Jigneshkumar Dashrathlal Parekh, and Amitkumar Gopalbhai Patel are among the active and experienced businesspeople who support Fonebox Retail.

Financial Performance of Fonebox Retail

The store reported a profit after tax (PAT) of Rs. 1.55 crore and total revenue of Rs. 139.75 crore for the first half of the fiscal year that ends on September 30, 2023.

 

The Offer’s Objective at Fonebox Retail

The public issue’s proceeds will be used for general company purposes, working capital requirements, and public issue expenses.

Registrar and Lead Manager for the Fonebox Retail IPO

The issue’s registrar is KFin Technologies Limited, and the book running lead manager is Bilaine Capital Advisors Private Limited.

 

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