Fonebox Retail IPO

Fonebox Retail Limited

₹1,32,000 /2000 sharesMinimum Investment

Fonebox Retail IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹70.00₹200.00₹130.00 (185.71%)

Fonebox Retail IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
25 Jan ‘24 - 30 Jan ‘24₹1,32,0002,000₹66 - ₹70
Issue SizeIPO Doc
20.37Cr
RHP PDF

About Fonebox Retail

Fonebox is a retail company involved in the sale of smartphones and accessories from various brands such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. The company also sells multi-brand consumer-durable electronic goods, including laptops, washing machines, smart TVs, air conditioners, and refrigerators from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus. The company offers credit and EMI options to customers for purchasing its product offerings. To this end, it has established partnerships with prominent credit institutions such as Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank. Additionally, the company provides after-sales services for mobile handsets and tablets at its retail locations and franchisee outlets. ;
Parent Organisation
Fonebox Retail Limited
Founded
2021
Managing Director
Mr. Amitkumar Gopalbhai Patel

Strengths & Risks

  • With 153 stores across Gujarat, the company’s distribution network includes 40 company-owned retail outlets and 113 franchise-owned outlets, operating under the Franchise Owned and Company Operated (FOCO) Model in over 20 cities.
  • The company's retail outlets feature product displays that allow customers to test items before buying. These stores are strategically positioned in high-traffic areas.
  • The company is able to offer a wide range of products since it is engaged in multi-brand product selling/distribution.
  • The company had negative cash flow from operating activities in recent fiscal years, with a significant amount of Rs. 5.24 crores in the year 2023. Prolonged negative cash flow poses potential risks to the business, financial condition, and overall operational results.
  • The company's success heavily relies on the recognition and reputation of the brands it sells. The inability to maintain or enhance the image of these brands may have a substantial adverse impact on the company's business, financial condition, and operational results.
  • The top ten suppliers significantly contribute to the company’s total purchases, accounting for 75.12%, 79.55%, and 100.00% for the years ending March 31, 2023, March 31, 2022, and March 31, 2021, respectively. Loss of any of these major suppliers could disrupt the company’s business operations.
  • The company has availed an unsecured loan of Rs. 6.46 crores as of March 31, 2023, from various sources, including promoters, group entities, and relatives of the Director/Promoter. The repayable-on-demand nature of these loans could affect the company's cash flow and financial condition if lenders demand repayment.
  • The company has obtained a credit facility from a bank, and it is subject to particular restrictive conditions. Any delay in obtaining a No Objection Certificate for the planned issue could result in a deferral of the company's intended Initial Public Offering. Currently, the company is utilizing credit facilities from HDFC Bank and the amount is Rs. 3.97 crores.
  • There are outstanding legal proceedings involving the Company. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
  • The company’s geographical presence is concentrated in the state of Gujarat. Any adverse development affecting its operations in this region could have a negative impact on the business, financial condition and results of operations.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular66 - 70₹2 Lakh
High Networth Individual66 - 70₹2 - 5 Lakh
For Fonebox Retail IPO, eligible investors can apply as Regular.
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