Fonebox Retail’s SME Initial Public Offering (IPO) has garnered significant attention from investors. To assist you in navigating the details surrounding the IPO allotment, we have compiled a comprehensive FAQ guide. Read on to find answers to common questions and gain insights into the key aspects of Fonebox Retail’s IPO.
Q1: How can investors check the allotment status of Fonebox Retail’s IPO?
Investors can check their allotment status by visiting NSE (National Stock Exchange). The allotment date provides details on the number of shares allotted against the bids placed.
Q2: What steps should new users follow to check the IPO status on NSE?
- New users should visit the NSE IPO login page and register/sign-up.
- Upon registration, an email notification containing login details will be sent to the registered email address.
- Log in using the provided details.
- Provide your PAN details to view the details of bids placed against the registered PAN number.
Q3: What was the subscription status of Phonebox Retail’s IPO?
Phonebox Retail’s IPO was oversubscribed at Rs 437.79 on the last day. It received bids for over 127.39 crore shares against 29.1 lakh equity shares available for subscription.
Q4: Can you provide details on the anchor allotment of Phonebox Retail IPO?
The company raised Rs 5.78 crore through anchor allotment, with 682,000 shares allotted to NAV Capital VCC – NAV Capital Emerging Star Fund at a bid price of Rs 70 per share.
Q5: What is the IPO issue size and price band?
The IPO is a fresh equity issue of 29.1 lakh equity shares, amounting to Rs 20.37 crore. The shares are offered at Rs 66-70 per share.
Q6: What is the Grey Market Premium (GMP) of Phonebox Retail IPO?
Shares of Phonebox Retail were trading at a premium (GMP) of Rs 125-130 in the grey market.
Q7: What is the structure of Phonebox Retail’s IPO offer?
The offer consists of a fresh issue of 29,10,000 equity shares through the book-building route, with specific allocations for QIB, HNI, retail, and market maker quotas.
Q8: What are the important dates related to Phonebox Retail’s IPO?
The IPO opened on January 25 and closed on January 30. The basis of allotment will be finalized on January 31, with refunds and share transfers likely on February 1. The stock is expected to be listed on NSE Emerge on February 2.
Q9: Can you provide information about Phonebox Retail and its promoters?
Phonebox Retail sells smartphones, accessories, and consumer durable electronic goods. It operates a network of 143 multi-brand outlets in Gujarat. The promoters include Manishbhai Girishbhai Patel, Jigar Lallubhai Desai, Parth Lallubhai Desai, Jigneshkumar Dashrathlal Parekh, and Amitkumar Gopalbhai Patel.
Q10: What is the financial performance of Phonebox Retail?
For the first half of the financial year ending September 30, 2023, the retailer reported total revenue of Rs 139.75 crore and a profit (PAT) of Rs 1.55 crore.
Q11: What is the objective of Phonebox Retail’s IPO offer?
The net proceeds from the public offering will be used for working capital requirements, general corporate purposes, and public issue expenses.
Conclusion:
Understanding Fonebox Retail’s IPO is crucial for investors seeking to navigate the stock market. This FAQ guide aims to provide clarity on various aspects of the IPO. Feel free to share additional questions in the comments, fostering engagement and interaction within the community.
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We encourage readers to share any additional questions or insights they may have in the comments section. Your participation contributes to a collective understanding of Fonebox Retail’s IPO and enhances the overall knowledge of our community.
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