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FONEBOX RETAIL LIMITED
Issue Size (Net)
up to ₹20.37 Cr
Price Band
₹66 to ₹70 per share
Issue Opens
January 25, 2024
Issue Closes
January 30, 2024

Company Highlights

1.Company Information

Fonebox Retail Limited is a multi-brand retailer of smartphones and accessories from manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.

The company operates under two brand names Fonebook and Fonebox.

The company is also engaged in multi-brand retailing of consumer durables such as laptops, washing machines, smart TVs, air conditioners, refrigerators, etc. from brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.

The company offers credit/EMI facilities to its customers for the purchase of its products for which the company has tied up with major leading financial institutions like Bajaj Finance, HDB Financial Service, HDFC Bank and IDFC First Bank.
As of September 25, 2023, the company had a total of 153 stores in the state of Gujarat.

2. Strenghts
Software product and solutions for supply chain management

Experienced Promoters and Management Team: Our management team is having combined experience of more than 30 years in the industry in which we are operating and has been responsible for the growth of our operations and financial performance. Our Promoters Mr. Amitkumar Gopalbhai Patel, Mr. Jigneshkumar Dashrathlal Parekh, Mr. Manishbhai Girishbhai Patel, Mr. Jigar Lallubhai Desai and Mr. Parth Lallubhai Desai lead the company with their vision. They have an adequate experience in the line of the business of retail selling of smart phones, allied asscessories and consumer durable home appliances undertaken by the Company and look after the strategic as well as day to day business operations. The strength and entrepreneurial vision of our Promoters and management have been instrumental in driving our growth and implementing our strategies. We believe that a motivated and experienced employee base is essential for maintaining a competitive advantage. Our motivated team of management and key managerial personnel complement each other to enable us to deliver high levels of client satisfaction. 2. Widespread distribution network We sell our products through total 153 stores across the state of Gujarat for sale of Mobile Handsets/ smart phones, allied accessories and other consumer durable home appliances. Out of 153 stores 40 stores are company owned retail outlets and 113 stores are under franchise owned and company operated retail model (“FOCO Model”) distributed in more than 20 cities in Gujarat. Our widespread network provides us wide geographical presence in terms of coverage of different cities of the Gujarat state. 3. Wide range of Products Our Company is engaged in multi-brand retail selling of Smart Phones and allied accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax. We are also engaged in multi-brand retail selling of consumer durable electronics goods like Laptop, Washing Machines, Smart TVs, Air Conditioners, Fridges, etc. from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, OnePlus. 4. Strategic location and facilities The retail stores associated with our company has a product display for customers to try before purchasing them. The stores are strategically located in areas of high foot traffic drawing customers at all times of the day, on weekdays and weekends.

3.Fonebook IPO Registrar
Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: foneboxretail.ipo@kfintech.com

Website:  https://kosmic.kfintech.com/ipostatus/

DelaPlex Limited Financials

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
31-Mar-23
3861.05
19626.09
159.86
210.26
170.29
1058.22
31-Mar-22
2110.70
9092.33
12.79
60.23
10.43
584.26
31-Mar-21
71.08
9.92
-2.36
12.38
-2.36
31-Mar-21
562.52
1691.02
14.51
198.07
197.07
Amount in Rs. Lakhs

Fonebox Retail Limited IPO Details

Issue Opening Date
January 25, 2024
Issue Closing Date
January 30, 2024
Face Value
₹10 per share
Price
₹66 to ₹70 per share
Lot Size
2000 Shares
Issue Size
2,910,000 shares (aggregating up to ₹20.37 Cr)
Fresh Issue
2,910,000 shares (aggregating up to ₹20.37 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE SME

Fonebox Retail Limited IPO Timeline

Event
Tentative Date
Opening Date
Wednesday, January 24, 2024
Closing Date
Monday, January 29, 2024
Basis of Allotment
Tuesday, January 30, 2024
Initiation of Refunds
Wednesday, January 31, 2024
Credit of Shares to Demat
Wednesday, January 31, 2024
Listing Date
Thursday, February 1, 2024
Cut-off time for UPI mandate confirmation
5 PM on January 29, 2024

Prospectus

Prospectus File

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