Fonebox Retail Limited
FONEBOX
₹66-70
per share
Bidding Dates
25-30 Jan
Min. Investment
₹1,32,000.00
Lot Size
2000 shares
Issue Size
₹20.37 Cr
IPO Timeline
Bidding starts
25 Jan ‘24
Bidding ends
30 Jan ‘24
Allotment finalisation*
31 Jan ‘24
Refund initiation*
01 Feb ‘24
Demat transfer
01 Feb ‘24
Listing
02 Feb ‘24
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
About Fonebox Retail Limited
Incorporated in 2021, Fonebox Retail Limited has swiftly emerged as a prominent player in the multi-brand retail sector, specializing in the sale of Smart Phones and associated accessories. The company boasts an extensive product lineup featuring renowned manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax.
Diversifying its offerings, Fonebox Retail Limited has also made a mark in the retail sale of consumer durable electronic goods. The product range spans from Laptops and Washing Machines to Smart TVs, Air Conditioners, and Fridges, sourced from top-notch brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus. Operating with a multi-brand strategy, the company manages a portfolio of retail stores, each catering to different brands and customer preferences.
One of the key facets of Fonebox Retail Limited's business model is its commitment to providing flexible payment options to customers. The company facilitates credit and EMI facilities through strategic partnerships with leading financial institutions such as Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank.
To foster lasting relationships with its valued customers, the company goes beyond mere sales transactions. Fonebox Retail Limited extends after-sale services related to mobile handsets and tablets, ensuring a seamless customer experience. These services are available in both company-owned retail outlets and franchise stores.
From its inception, Fonebox Retail Limited set out with the brand "Fonebox," operating in both company-owned and franchise stores. In a strategic move to expand its footprint and market presence, the company acquired renowned mobile phone retail store brands, including "Fonebook" and "My Mobile," through business purchase agreements in 2021. This strategic approach allowed Fonebox Retail Limited to augment its operations and grow its retail presence by acquiring multiple stores over the years.
In essence, Fonebox Retail Limited has positioned itself as a dynamic and customer-centric entity in the competitive landscape of multi-brand retail. Through brand acquisitions, diverse product offerings, and strategic partnerships, the company continues to chart a path of growth and success in the ever-evolving consumer electronics market.
As Fonebox Retail Limited gears up for its Initial Public Offering (IPO), the generated proceeds from the Fresh Issue will be strategically allocated to crucial objectives.
- To Meet Working Capital Requirements
- General corporate purposes
- To meet Public Issue Expenses
Here are key details about the Fonebox Retail Limited IPO:
| Company Name | Fonebox Retail Limited | Fonebox Retail Limited IPO Opening Date | January 25, 2024 | |
| Company Established On | 2021 | Fonebox Retail Limited IPO Allotment Status | January 31, 2024 | |
| Fonebox Retail Limited IPO Closing Date | January 30, 2024 | Fonebox Retail Limited IPO Listing Date | February 2, 2024 | |
| Credit of Shares to the Demat Account | February 1, 2024 | Fonebox Retail Limited IPO Lot Size | 2000 Shares | |
| Fonebox Retail Limited IPO Face Value | ₹10 per share | Fonebox Retail Limited IPO to be Listed on | NSE | |
| Fonebox Retail Limited IPO Issue Size | ₹20.37 Cr | Fonebox Retail Limited IPO Price band | ₹66 to ₹70 per share |
IPO analysis
Registrar information
Name
Kfin Technologies Limited
Phone number
04067162222, 04079611000
Email ID
foneboxretail.ipo@kfintech.com
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