Fonebook IPO Date, Price, GMP, Review and Best 3 IPOs to Invest

Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Fonebook IPO is going to open soon. So I will give you complete information about Fonebook IPO here on IPO India.

On this article I will inform you about Fonebook IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.

About Fonebox Retail Limited

Phonebox Retail Limited serves as a multi-brand retailer specializing in smartphones and accessories, with leading manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax.

Operating under the Phonebook and Phonebox brand names, the company expands its multi-brand retail services to include consumer durables such as laptops, washing machines, smart TVs, air conditioners and refrigerators. The diverse product lineup includes offerings from TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme and OnePlus.

Facilitating customer purchases, the company provides credit/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, Phonebox Retail Limited has a total of 153 stores across Gujarat, of which 40 follow company-owned and company-operated retail stores (“COCO Model”) and 113 follow franchise and company-operated model (“COCO Model”). is “FOCO model”). These stores are strategically located in more than 20 cities across the state.

As of July 31, 2023, the company’s workforce comprised a total of 130 employees.

Fonebook IPO GMP

About Fonebook IPO

Here is some information about Fonebook IPO which will help you in making a decision to invest in Fonebook IPO. It appears to be a book-built offer with a total value of ₹20.37 crore, including entirely a fresh issue of 29.1 lakh shares.

Summary of the key details

• Issue Size: Rs 20.37 crores
• Offer for Sale: 29.1 Lakhs shares
• Subscription Period: January 25, 2024 to January 30, 2024
• Allotment Date: January 31, 2024
• Listing Date: February 02, 2024

Price Range of Fonebook IPO

• ₹66 to ₹70 per share

Lot Size of Fonebook IPO

• Minimum Lot: 2000 Shares.
• Minimum Investment for Retail Investors: ₹140,000

Minimum Lot Size Investments for Fonebook IPO

• HNI: 2 lots (4000 shares), amounting to ₹280,000

This information provides potential investors with the details they need to participate in the Fonebook IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.

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Fonebook IPO

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Valuations of Fonebook IPO

Fonebook Financial Information

Promoter(s)

Company Promotor(s):-

1. Mr. MAnishbhai Girishbhai Patel
2. Mr. Jigar Lallubhai Desai
3. Mr. Parth Lallubhai Desai
4. Mr. Jigneshkumar Dashrathlal Parekh
5. Mr. Amitkumar Gopalbhai Patel

If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.

Key Performance Indicator

Issue Objective(s)

• To meet Working Capital Requirement
• General corporate purposes
• To meet public issue Expenses

Fonebook IPO Registrar

Fonebook IPO Review

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Conclusion

In conclusion, the Fonebook IPO signals a promising venture for enthusiasts in the finance domain. The investment prospect in Phonebox Retail Limited, a multi-brand retailer specializing in smartphones and consumer durables, is an opportunity to tap into the growing market for technology and lifestyle products. Operating under the Phonebook and Phonebox brands, the company has partnerships with leading manufacturers and financial institutions, demonstrating a strong foundation for expansion.

Considering the specifics of a phonebook IPO, key details such as issue size, offer for sale, subscription period and listing date provide a comprehensive insight for potential investors. A company’s financial health, highlighted by valuations, financial information and key performance indicators, adds a layer of insight into the investment landscape. However, it is important for investors to exercise due diligence by acknowledging the inherent risks associated with IPOs. As the IPO landscape evolves, the Fonebook IPO holds promise, but wise decisions informed by careful research and possibly professional advice are imperative to effectively navigate this financial opportunity. Stay tuned for updates on IPOs, and may your investment endeavors be both informed and rewarding.

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