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Phonebox retail SME IPO latest 2024

Phonebox retail SME IPO initial public offering 2024 The allotment of phonebox Retail’s SME initial public offering (IPO) has probably been finalized. Investors who have applied for the issue can check the allotment status by visiting NSE. On the allotment date, investors get to know how many shares have been allotted to them against the bids placed.

Here’s how you can check the status on NSE:

  • Step 1: If you are a new user, go to the NSE IPO login page and register/sign up.
  • Step 2: Upon registration, the investor will receive an email notification from NSE containing login details on the registered email address. Log in using your details.
  • Step 3: Provide your PAN details. Users will be able to view the details of bids placed against the registered PAN number.

Phonebox retail  SME ipo subscription status

Phonebox Retail’s initial public offering (IPO) was oversubscribed at Rs 437.79 on the last day. The issue received bids for over 127.39 crore shares at the time of closure against 29.1 lakh equity shares available for subscription. According to data available on NSE, retail individual investors’ portion received bids for 85.60 crore shares against the reserved quota, while non-institutional investors received bids for over 34.08 crore shares till 5 pm. Meanwhile, the qualified institutional buyers (QIB) portion received over 7.71 lakh share bids.

Phonebox retail SME  IPO anchor allotment

The company raised Rs 5.78 crore through anchor allotment, in which 682,000 shares were allotted to NAV Capital VCC – NAV Capital Emerging Star Fund at a bid price of Rs 70 per share. The company also allotted 144,000 shares to LC Radiance Fund VCC.

Phonebox retail SME IPO
Phonebox retail SME IPO

Phonebox retail SME ipo issue size

The IPO is entirely a fresh equity issue of 29.1 lakh equity shares amounting to Rs 20.37 crore.

Phonebox retail  SME IPO price band

The company is offering its shares at Rs 66-70 per share.

Phonebox retail SME  IPO GMP

Shares of Phonebox Retail were trading at a premium (GMP) of Rs 125-130 in the grey market.

Phonebox Retail SME IPO Issue Structure

The offer consists of a fresh issue of 29,10,000 equity shares of face value Rs 10/- through the book-building route. 13,78,000 equity shares have been reserved for the QIB quota, which includes anchor reservation, 4,16,000 equity shares for the HNI portion, 9,70,000 equity shares for retail quota and 1,46,000 equity shares for market maker quota accounts.

Phonebox retail SME IPO
Phonebox retail SME IPO

phonebox retail SME IPO important date

The IPO opened on 25 January and closed on 30 January. The basis of allotment will be finalized on Wednesday, January 31, while the initiation of refunds and transfer of shares to demat accounts is likely to happen on Thursday, February 1. The stock is expected to be listed on NSE Emerge on Friday, February 2.

About Phonebox Retail

The company sells smartphones and related accessories from manufacturers like Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG and Micromax. The company operates in its multi-brand stores across Gujarat including TCL, Haier, Lloyd,

Phonebox retail SME IPO
Phonebox retail SME IPO

The company operates a large network of 143 multi-brand outlets in more than 20 cities across Gujarat under three brand names: Phonebox, Phonebook and MyMobile.
Phonebox Retail Promoters
Phonebox Retail is promoted by a group of dynamic and experienced entrepreneurs – Manishbhai Girishbhai Patel, Jigar Lallubhai Desai, Parth Lallubhai Desai, Jigneshkumar Dashrathlal Parekh and Amitkumar Gopalbhai Patel.

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