Fonebox Retail Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Fonebox

CMP

157.85

+2.85 (1.84%)

  • DRHP
₹70

Offer Price

₹ 20.37 Cr

Issue Size

₹ 1,40,000

Min Investment

2,000

Lot size

Time Line

  • 25
    Jan 2024
    Open
  • 30
    Jan 2024
    Close
  • 31
    Jan 2024
    Finalisation of Basis of Allotment
  • 01
    Feb 2024
    Initiation of Refunds
  • 01
    Feb 2024
    Transfer of Shares to Demat Account
  • 02
    Feb 2024
    Listing Date

Objects of the Offer

  • Improve Sales.

  • Leveraging its market skills and relationship.

  • To increase brand visibility.

  • Maintaining edge over competitors.

Products & Services

  • Fonebox Retail Limited is engaged in multi-brand retail selling of Smart Phones and allied accessories.

Strengths

  • Experienced Promoters and Management Team.

  • Widespread distribution network.

  • Wide range of Products.

  • Strategic location and facilities.

Risks

  • There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • Its Registered Office and other premises from where the company operate are not owned by it.

  • The Company has taken offices on lease basis and some of the lease agreements are not renewed/not executed/inadequately executed, because of which operations may be adversely affected.

  • The company requires certain approvals and licenses in the ordinary course of business, some of the approvals are required to be transferred in the name of `Fonebox Retail Limited`, the company is yet to apply for the some of the said registrations and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.

  • The Company has entered into Franchisee Agreements, some of the agreements are not renewed/inadequately executed, stamped, because of which operations may be adversely affected.

Company Promoters

Promoters Holding

Issue For IPO
18.65%
Pre Holding

65.75%

Post Holding

47.10%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 90.91 (90,810.00%) 195.83 (115.40%) 76.15 (-)
Gross Profit 90.91 (90,810.00%) 195.83 (115.40%) 76.15 (-)
Net Income 90.91 (90,810.00%) 195.83 (115.40%) 76.15 (-)
Assets 90.91 (90,810.00%) 195.83 (115.40%) 76.15 (-)
Liabilities 90.91 (90,810.00%) 195.83 (115.40%) 76.15 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Fonebox Retail Ltd 196.26 1.60 24.46 22.26 76.15 0.00 44.06 2.02 0.43
Jay Jalaram Technologies Ltd 249.20 2.51 81.14 81.14 10.62 2.55 21.22 3.09 0.84
Bhatia Communications & Retail (India) Ltd 313.48 8.49 94.93 94.93 15.55 0.68 4.36 8.93 0.35

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

702/703 7th Flr Satyam 64,
Opp. Gujarat High Court SG.Rd,
Ahmedabad - 380061
Phone : 079 46025304 Email : cs@fonebox.in www.fonebook.in

Offer Related Information

Initial public issue of 2910000 equity shares of face value of Rs. 10/- each of Fonebox Retail Limited ("Fonebook", "Fonebox", "FRL" or the "Company" or the "Issuer") for cash at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity share (the "Issue Price") aggregating to Rs. 20.37 crores ("The Issue"), of which 146000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70/- per equity share including a share premium of Rs. 60/- per equity... More

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