Fonebox SME IPO GMP: Fonebox Retail Limited IPO GMP

Fonebox Retail Limited, a player in the multi-brand retail space for smartphones and consumer durables, is gearing up for its SME IPO at the BSE SME Exchange. In this blog, we will explore the intricacies of the IPO, including its size, price band, and the Grey Market Premium (GMP). Let’s delve into the specifics.

Fonebox SME IPO Details:

  • Issue Size: Rs 20.37 Cr (100% fresh issue)
  • IPO Dates: 25 Jan to 30 Jan 2024
  • Face Value: Rs 10 per share
  • Lot Size: 2000 shares (minimum)

Also See: IPO GMP Today Price

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Price Band:

Investors can apply for Fonebox SME IPO within the price band of Rs 66 to Rs 70 per share. One lot consists of 2000 shares or multiples thereof.

Fonebox SME IPO GMP:

As of the latest update, the GMP for Fonebox SME IPO is ₹130, suggesting a potential listing price of ₹200 (cap price + GMP) with an expected gain/loss of 185.71% per share.

Day-wise IPO GMP Trend : [ Last Updated: 01 Feb, 2024; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
01-02-202470.00₹130197600₹200 (185.71%)
31-01-202470.00₹130197600₹200 (185.71%)
30-01-202470.00₹130197600₹200 (185.71%)
29-01-202470.00₹130197600₹200 (185.71%)
28-01-202470.00₹120182400₹190 (171.43%)
27-01-202470.00₹120182400₹190 (171.43%)
26-01-202470.00₹120182400₹190 (171.43%)
25-01-202470.00₹120182400₹190 (171.43%)
24-01-202470.00₹120182400₹190 (171.43%)
23-01-202470.00₹5076000₹120 (71.43%)
22-01-202470.00₹5076000₹120 (71.43%)
21-01-202470.00₹5076000₹120 (71.43%)
20-01-202470.00₹5076000₹120 (71.43%)
19-01-202470.00₹5076000₹120 (71.43%)
18-01-202470.00₹5076000₹120 (71.43%)

Also See: Upcoming IPO in India

Latest IPO GMP:

Stay updated on the live GMP status of upcoming and closed IPOs at Stockesta.com, where IPO GMP performance is regularly updated for tracking and comparison.

Understanding IPO Grey Market Premium (GMP):

The grey market premium (GMP) provides insights into the unofficial/unregulated market sentiment before an IPO listing. A positive GMP suggests potential profits, while a negative GMP may indicate a likely discount on listing day. However, it’s crucial to note the inherent volatility in IPO GMP, making investment decisions solely based on it risky.

Also Read: What is GMP in IPO: Understanding Grey Market Premium (GMP) in IPOs

About Fonebox Retail Limited:

Business Operations:

Fonebox is engaged in multi-brand retail of smartphones and consumer durables from various renowned brands. The company, founded in February 2021, has expanded its portfolio by acquiring popular cell phone retail brands like “Fonebook” and “My Mobile.”

Also Read: When Can a Company Go for IPO in India

Strengths of Fonebox SME IPO:

  • Experienced promoters and management team
  • Extensive distribution network
  • Wide range of products
  • Strategic location and facilities

Objective of Fonebox SME IPO:

The proceeds from the fresh issue will be utilized for:

  • Meeting working capital requirements
  • General corporate purposes
  • Public issue expenses

SME IPO Timeline (Tentative):

  • Open Date: 25-01-2024
  • Close Date: 30-01-2024
  • Basis of Allotment Finalisation Date: 31-01-2024
  • Refunds Initiation: 01-02-2024
  • Credit of Shares to Demat Account: 01-02-2024
  • Listing Date: 02-02-2024

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

fonebox ipo

Conclusion:

As Fonebox Retail Limited embarks on its SME IPO journey, investors are presented with an opportunity to participate in the growth of a company with a diverse product portfolio and a robust retail presence. While the GMP provides an indication, it’s crucial for investors to conduct thorough due diligence before making investment decisions. The SME IPO landscape is dynamic, and staying informed is key to making sound investment choices.

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