
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
Overall Subscription
657.37x
Total Demand
QIB Multiplier
139.70x
Institutions & Funds
NII / HNI
819.30x
High Net-Worth
Retail (RII)
882.52x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 552,000 | 77,114,000 | 139.70x |
| NIB | 416,000 | 340,830,000 | 819.30x |
| RETAIL | 970,000 | 856,048,000 | 882.52x |
| Total | 1,938,000 | 1,273,992,000 | 657.37x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 509 | 449,203 | 882.52x |
| HNIs (10L +) | 3 | 2,458 | 819.30x |
| HNIs (2-10L) | 16 | 13,109 | 819.30x |
| Total Applications | 528 | 464,770 | 880.25x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Fonebox Retail Limited IPO is ₹130 per equity share. Based on the upper price band of ₹66 to ₹70 per equity share, the estimated listing price is ₹200 (+185.7% expected listing gain).
With a lot size of 2000 shares and current GMP of ₹130, the expected profit per application lot is approx ₹2,60,000 (+185.7% gain). Minimum application cost is approx ₹1,40,000.
The Fonebox Retail Limited IPO aggregate issue size is ₹20.37 Crores with an equity price band set at ₹66 to ₹70 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 657.37x (Retail: 882.52x, QIB: 139.70x, NII: 819.30x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-01-31. Investors can verify status using PAN card or application number.
Fonebox Retail Limited shares are scheduled to list on NSE on 2024-02-02.