The Fonebook IPO, a book-built issue, is set to raise Rs 20.37 crores through a fresh issue of 2,910,000 shares. The IPO subscription period runs from January 25, 2024, to January 30, 2024, with allotment expected on January 31, 2024. The listing on NSE SME is tentatively scheduled for February 2, 2024, with a price band of ₹66 to ₹70 per share and a minimum lot size of 2000 shares.
### Fonebook IPO Overview:
– **Issue Size:** Rs 20.37 crores, with a total of 2,910,000 fresh issue shares.
– **Subscription Period:** January 25, 2024, to January 30, 2024.
– **Allotment Date:** January 31, 2024.
– **Listing Date:** February 2, 2024, on NSE SME.
– **Price Band:** ₹66 to ₹70 per share.
– **Lot Size:** 2000 shares, requiring a minimum investment of ₹140,000 for retail investors.
– **Book Running Lead Manager:** Beeline Capital Advisors Pvt Ltd.
– **Registrar:** Kfin Technologies Limited.
– **Market Maker:** Spread X Securities.
### Fonebook IPO Reservation:
– **QIB Shares Offered:** Up to 50.00% of the Net offer.
– **Retail Shares Offered:** Not less than 35.00% of the Offer.
– **NII (HNI) Shares Offered:** Not less than 15.00% of the Offer.
### Fonebook IPO Anchor Investors:
– **Anchor Bid Date:** January 24, 2024.
– **Shares Offered:** 826,000.
– **Amount Raised:** Rs 5.78 crores.
– **Lock-in Period:** 50% shares till March 14, 2024, and remaining shares till June 13, 2024.
### Fonebook IPO Timeline (Tentative):
– **IPO Opens:** January 25, 2024.
– **IPO Closes:** January 30, 2024.
– **Basis of Allotment:** January 31, 2024.
– **Refunds Initiation:** February 1, 2024.
– **Credit of Shares to Demat:** February 1, 2024.
– **Listing Date:** February 2, 2024.
– **Cut-off time for UPI mandate confirmation:** 5 PM on January 30, 2024.
### Fonebook IPO Lot Size:
– Retail (Min): 1 lot (2000 shares, ₹140,000).
– Retail (Max): 1 lot (2000 shares, ₹140,000).
– HNI (Min): 2 lots (4000 shares, ₹280,000).
### Fonebook Retail Limited Overview:
– **Business:** Multi-brand retailer of smartphones, accessories, and consumer durables.
– **Brands:** Operates under Fonebook and Fonebox.
– **Stores:** 153 stores in Gujarat (as of September 25, 2023).
– **Employees:** 130 (as of July 31, 2023).
### Fonebox Retail Limited Financial Information:
– **Revenue Growth:** 115.85% (FY22 to FY23).
– **PAT Growth:** 1149.88% (FY22 to FY23).
– **Key Performance Indicators (KPI):**
– ROE: 118.20%.
– ROCE: 34.55%.
– Debt/Equity: 5.03.
– RoNW: 76.15%.
– P/BV: 1.66.
### Fonebook IPO Objectives:
– **Utilization of Funds:**
– Working Capital Requirements.
– General Corporate Purposes.
– Public Issue Expenses.
### Fonebook IPO Review:
[Dilip Davda] – The company’s growth in revenue and profit, coupled with its business model of “High Volume/Low margin,” is highlighted. Based on FY24 annualized earnings, the issue is considered fully priced, and informed investors may consider a medium-term investment.
### Fonebook IPO Prospectus:
– [Fonebook IPO DRHP](Link to DRHP)
– [Fonebook IPO RHP](Link to RHP)
This information is intended to provide an overview of the Fonebook IPO, its details, financials, and other relevant aspects. Investors are advised to refer to the RHP (Red Herring Prospectus) for detailed information before making any investment decisions.
