
Emerging SME Services · NSE
Fonebox Retail Limited is a multi-brand retailer specializing in smartphones and accessories from leading manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. Operating under the brand names Fonebook and Fonebox, the company also retails consumer durables, including laptops, washing machines, smart TVs, air conditioners, and refrigerators, from brands like TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus. To enhance affordability, Fonebox Retail offers credit and EMI facilities through partnerships with major financial institutions such as Bajaj Finance, HDB Financial Services, HDFC Bank, and IDFC First Bank. As of September 25, 2023, the company had 153 stores across Gujarat, with 40 company-owned and company-operated stores (COCO model) and 113 under the franchisee and company-operated model (FOCO model), covering more than 20 cities. As of July 31, 2023, Fonebox Retail Limited employed a total of 130 people.
Price Band
₹66 – ₹70
Issue Size
₹20.37 Cr
Lot Size
2000 shares
GMP
+185.7%
Est. Listing
₹200
at current GMP
Subscribed
657.37x
overall
Open
25 Jan 2024
Close
30 Jan 2024
Allotment
31 Jan 2024
Refund
1 Feb 2024
Demat Credit
2 Feb 2024
Listing
2 Feb 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
31 Jan 2024
Basis finalization
Refunds Initiate
1 Feb 2024
Mandate release
Demat Credit
2 Feb 2024
Shares in demat
Listing Debut
2 Feb 2024
Trading begins
Fonebox Retail Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹20.37 Crores. The shares are offered at a price band of ₹66 to ₹70 per equity share on NSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-01-30, the basis of allotment is scheduled to be finalized on 2024-01-31. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.