The Fonebox Retail IPO garnered significant attention from investors, with an exceptional subscription rate of 659.42 times, making it one of the most subscribed public issues of the year. Investors across categories showed strong support for the IPO, collectively purchasing 127.4 crore equity shares against the offer size of 20.84 lakh shares. The Fonebox Retail IPO allotment status is set to be finalised today, Jan. 31.
If you applied for the IPO, you could use the below-listed method to check the Fonebox IPO allotment status.
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the Fonebox Retail IPO allotment status
- Visit the registrar's website.
- Click on "Company Selection" and choose "Fonebox Retail" from the dropdown menu.
- Then you can enter your PAN, application number, or Demat.
- Enter the captcha and click Search to retrieve Fonebox IPO allotment status
If all the details are entered correctly and the allotment has been finalised, the Fonebox Retail IPO allotment status will be visible.
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Fonebox Retail IPO Overview: Retail and non-institutional investors led the charge, subscribing 886 times and 819 times the portions allocated to them, respectively. Qualified institutional buyers (QIBs) also showed substantial interest, purchasing 138 times their reserved portion.
Prior to the IPO, the company raised money from anchor investors. In the anchor allotment, the company raised ₹5.78 crore by allocating 682,000 shares to NAV Capital VCC – NAV Capital Emerging Star Fund at a bid price of ₹70 per share. Additionally, 144,000 shares were allotted to LC Radiance Fund VCC.
Fonebox Retail specializes in selling smartphones and allied accessories from leading manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. Furthermore, the company offers a range of consumer durable electronic goods, including laptops, washing machines, smart TVs, air conditioners, and refrigerators, sourced from renowned brands such as TCL, Haier, Lloyd, Daikin, Voltas, Mi, Realme, and OnePlus, available at its multi-brand stores spread across Gujarat.
Operating under the brand names Fonebox, Fonebook, and MyMobile, the company boasts a vast network of 143 multi-brand outlets in over 20 cities across Gujarat, catering to the diverse needs of its customer base.
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