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Fonebox Retail Limited

Fonebox Retail Limited

listed
₹1.32LMin. investment

Fonebox Retail Limited IPO Details

Price range₹66.00 – ₹70.00
IPO type
SME
Lot size2000 shares
Issue size₹20.37Cr
Revenue
₹90.91CrLower than sector avg

Fonebox Retail Limited Timeline

  1. Bid start
    25 Jan 2024
  2. Bid end
    30 Jan 2024
  3. Allotment
    27 Jan 2024
  4. Release of funds
    1 Feb 2024
  5. Demat transfer
    31 Jan 2024
  6. Listing
    2 Feb 2024

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.
  1. To Meet Working Capital Requirements
  2. General corporate purposes
  3. To meet Public Issue Expenses
Here are key details about the Fonebox Retail Limited IPO:
Company NameFonebox Retail Limited Fonebox Retail Limited IPO Opening DateJanuary 25, 2024
Company Established On2021Fonebox Retail Limited IPO Price band₹66 to ₹70 per share

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Compare

CompanyRevenue*PATP/E ratioD/E ratio
This IPO₹90.91Cr₹0.13Cr-99,999.990.05
This sector (avg.)₹1,764.49Cr-₹66.27Cr36.950.83
₹59,358.05Cr₹2,707.45Cr84.020.04
₹17,134.61Cr₹1,534.41Cr82.960.41
₹10,716.35Cr₹631.97Cr75.760.27

*Lower P/E and D/E ratios are generally preferred.

Fonebox Retail Limited Contact Details

Company NameFonebox Retail Limited

How to apply for Fonebox Retail Limited?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Fonebox Retail IPO FAQs