Fonebox Retail engages in multi-brand retail, selling smartphones and accessories from renowned manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. Additionally, Fonebox retails consumer durable electronics goods such as laptops, washing machines, Smart TVs, air conditioners, and fridges from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus.
The company operates stores, in Gujarat under two brand names Fonebook” and “Fonebox.” Initially, they started with the brand “Fonebox”, for both their company-owned and franchise stores. In 2021 Fonebook acquired mobile phone retail store brands known as “Fonebox” and “My Mobile.” Throughout the years the company has grown by acquiring stores.
As of September 25, 2023, Fonebox Retail has a total of 153 stores, in Gujarat. Out of these, 40 outlets are owned and operated directly by the company using the COCO Model. Additionally, 113 stores follow the FOCO Model, where they are owned by franchisees but operated by the company. These stores are spread across than 20 cities, throughout Gujarat.
Fonebox Retail has partnered with known credit institutions, like Bajaj Finance, HDB Financial Service, HDFC Bank, and IDFC First Bank to provide credit/EMI options. They also offer purchase services, for mobile handsets and tablets at their retail stores and franchise outlets to ensure customer satisfaction and strengthen relationships.
The business model comprises two types:
a) Sale through Owned Stores (COCO Model): Fonebox Retail manages a network of 40 stores strategically positioned in areas, throughout the state. We handle all aspects of store operations from staffing and management to maintenance and overall business strategy.
b) Sale through Franchise Branch Stores (FOCO Model): Starting from September 25th, 2023 Fonebox Retail has been engaged in selling merchandise via 113 franchise stores that operate based on the FOCO model. These stores are run by franchisees who go by the name “Fonebook,”. The company receives a 1% share of the revenue generated by each franchise.
The product offerings are classified into two major categories:
1. Mobile Handsets/Smartphones and Allied Accessories: Fonebox Retail offers a variety of smartphones and accessories, including smart mobile phones from major brands in India, tablets, and mobile accessories such as screen guards, memory cards, chargers, covers, Bluetooth earplugs, speakers, and power banks.
2. Consumer Durable Home Appliances: Fonebox Retail deals in various consumer durable appliances, primarily LED televisions, coolers, air conditioners, laptops, and accessories, from multiple brands.
Fonebox Retail IPO Complete Details:
Fonebox Retail IPO Timetable:
Company Financial Details:
AS OF NOW, the GMP Of Fonebox Retail is Around 50 Rs.
Objects Of Issue:
1. Meeting the needs of working capital.
2. Addressing general corporate purposes.
3. Fulfilling expenses related to the public issue.
Promoters:
The company’s promoters are Mr. Manishbhai Girishbhai Patel, Mr. Jigar Lallubhai Desai, Mr. Parth Lallubhai Desai, Mr. Jigneshkumar Dashrathlal Parekh, and Mr. Amitkumar Gopalbhai Patel.
FAQs:
When Fonebox Retail IPO is Opening?
Fonebox Retail IPO is Opening on 25 January 2024.
When is the Fonebox Retail IPO Closing?
Fonebox Retail IPO is Closing on 30 January 2024.
What is the Issue Size of the Fonebox Retail IPO?
The IPO Issue Size of Fonebox Retail is 20.37 Crore.
Price Band of Fonebox Retail IPO?
The price Band of Fonebox Retail IPO is 66 to 70 rupees per share.
What is the minimum investment for a Fonebox Retail IPO?
The minimum investment for the Fonebox Retail IPO is 140,000 Rupees.
Allotment Date of Fonebox Retail IPO?
The Allotment of Fonebox Retail IPO is on 31 January 2024.
Listing Date of Fonebox Retail IPO?
The Listing Of Fonebox Retail is Scheduled on 02 February 2024.
One Should Apply for Fonebox Retail IPO or Not?
MAY APPLY
How to apply for Fonebox Retail IPO through the Zerodha Application?
Open Zerodha Application ——–> At the Bottom Click on Orders ——–> Then at the Top Click on IPO ——–> Find Fonebox Retail IPO from the list ——–> Then Click Apply Button ——–> Select Investor Type(Individual) ——–> Enter Your UPI ID ——–> Select @ Extension ——–> Click on Cut-Off Price Box ——–> Enter Quantity ——–>Tick Check Box Of Terms and Conditions ——–> Drag Submit IPO Button On Right Side ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Fonebox Retail IPO through the Upstox Application?
Open Upstox Application ——–> At the Bottom Click on Invest ——–> Then Click On “View ongoing IPO” ——–> Find Fonebox Retail IPO from the list ——–> Then Click Apply Button ——–> Enter Your UPI ID ——–> Select Investor Type ——–> Enter the Number of Lots to Purchase ( ENTER 1) ——–> Click on Cut-Off Price Box ——–>Tick Check Box Of Terms and Conditions ——–> Click on Continue ——–> Click on Confirm And Apply ——–> Accept IPO Mandate Received in Your UPI Application.
How to apply for Fonebox Retail IPO through Angel One Application?
Open Angel One Application ——–> At the Bottom Click on Home ——–> Click on IPO Button ——–> Find Fonebox Retail IPO from the list ——–> Click on Fonebox Retail IPO Name ——–> Click on Apply Now ——> Enter Lot (1) ——–> Select Investor Type ——–> Enter UPI ID ——–> Click on “Apply For IPO” —>Click On Proceed ——–> Accept IPO Mandate Received in Your UPI Application.
Who is the Lead Manager of Fonebox Retail?
Beeline Capital Advisors Private Limited is the Lead Manager of Fonebox Retail.
Where To Check the Allotment of Fonebox Retail IPO?
The allotment status for the Fonebox Retail IPO will be accessible on the Kfin Technologies Limited Website.
Fonebox Retail IPO is going to be listed at?
Fonebox Retail IPO is going to be listed at NSE SME.
What is the Lot Size of the Fonebox Retail IPO?
The lot size of the Fonebox Retail IPO is 2000 Shares.
What is the P/E Ratio of the Fonebox Retail IPO?
The P/E Ratio of the Fonebox Retail is 32.18.
What is the ROE of the Fonebox Retail IPO?
The ROE of the Fonebox Retail IPO is 118.20%.
What is the ROCE of the Fonebox Retail IPO?
The ROCE of the Fonebox Retail IPO is 34.55%.
What is the EPS of the Fonebox Retail IPO?
The EPS of the Fonebox Retail IPO is 2.17.
