Fone4 Communications IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Fone4 Communications IPO release date, IPO offer price, subscription, Fone4 Communications Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 10 |
| Listing At | BSE, SME |
| Min. Order Quantity | 10000 Shares |
| Listing Date | May 6,2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 680 Lakhs |
| IPO Size | Rs 680 Lakhs |
| Tick Size | 1 |
Fone4 Communications IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Fone4 Communications IPO – Summary
Their Company was started in 2014 by Mr. Sayyed Hamid with headquarters in Cochin, Kerala. Their Company was originally incorporated as “Fone4 Communications (India) Private Limited” on May 8, 2014 vide certificate of incorporation bearing Corporate Identity No. U51506KL2014PTC036625 under the provisions of Companies Act, 2013 issued by the Registrar of Companies Kerala and Lakshadweep.
Subsequently, the company was converted into Public Limited Company vide a fresh certificate of incorporation issued by ROC Ernakulam, consequent upon conversion from Private Limited to Public Company dated March 9, 2022 in the name of “Fone4 Communications (India) Limited”.
Their Company is one of the fastest growing Multi Brand Retail Chain outlet in Kerala and is engaged in the sale of consumer electronic gadgets and accessories including Smart Phones, Laptops, and Smart TVs from major manufacturers such as Apple, Samsung, Oppo, Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One Plus, Dell, Lenovo, Asus, HP, Acer, Avita,TCL, Xiaomi, LG, and Sansui
Fone4 Communications IPO Date
The opening and the closing date of Fone4 Communications IPO are Apr 25, 2022 and Apr 27, 2022 Respectively.
Fone4 Communications IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 25th April | 1.19x | 1.33x | 1.26x |
| 2nd Day – 26th April | 1.29x | 7.28x | 4.28x |
| 3rd Day – 27th April | 7.43x | 22.07x | 14.75x |
| Shares Offered or Net Issue | 3,230,000 | 3,230,000 | 6,460,000 |
The shares subscribed by the public will be updated here.
Check Fone4 Communications IPO LIVE Subscription
- Fone4 Communications IPO LIVE Bid details on BSE
- Fone4 Communications IPO LIVE Bid details on SME
For the Latest Bid details click on the above links.
Fone4 Communications IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Fone4 Communications Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | May 2, 2022 |
| Refunds Initiation | May 4, 2022 |
| Credit of Shares to Demat Account | May 5, 2022 |
| Share Listing Date | May 6, 2022 |
Fone4 Communications IPO Price Band / Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.10
Fone4 Communications IPO Equity Size
This Initial Public Issue of 6,800,000 Equity Shares of Rs.10 each for cash at a price of Rs.10 per equity share aggregating to Rs.680 Lakhs.
Fone4 Communications IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,800,000 Equity Shares of Rs.10/ each.
Issue Size: 6,800,000 Equity Shares of Rs.10 each, aggregating to Rs.680 Lakhs
Open Free Demat Account Now!
Fone4 Communications IPO – Live Performance
The listing date of this IPO is May 6, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Fone4 Communications Share Price |
Fone4 Communications IPO Grey Market Premium
The Fone4 Communications Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Fone4 Communications IPO – Company Overview
Fone4 Communications (India) Limited – An online E-commerce Electronics outfit commenced its business in the year 2014 promoted by its visionary promoter Mr. Sayyed Hamid and headquartered at Cochin, Kerala.
Inspired by the growth in the Online E-Commerce segment particularly for electronics and electricals gadgets, their Company developed a robust Technological Platform www.fone4.in, wherein customers could buy their desired products through online E-Commerce with attractive offers and more particularly during festive and other seasons.
Their company has a wide range of offerings through both online as well as offline platform for electronic gadgets and accessories for Smart Phones, Laptops, Smart Television etc on the likes of Apple, Samsung, Oppo, Vivo, Xiaomi, Nokia, Redmi, Techno, Karbonn, One Plus, Dell, Lenovo, Asus, HP, Acer, Avita, TCL, LG, Sansui etc.
Fone4 Communications IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Rs.) | ||||
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 31,28,06,559 | 49,27,97,612 | 1,65,77,38,901 | 1,42,25,43,988 |
| Total Revenue | 42,12,56,901 | 63,80,24,711 | 57,52,18,781 | 1,52,42,89,279 |
| Total Expense | 40,85,31,678 | 61,11,91,454 | 56,07,76,332 | 1,50,10,49,922 |
| Profit After Tax | 8,64,039 | (10,00,322) | (97,77,711) | (1,55,34,873) |
Earnings per Equity Share (in Lakhs)
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 0.15 | (0.57) | (5.59) | (8.88) |
Further, their PAT for the period ended on Sept 30, 2021, March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 8,64,039 Rs. (10,00,322), Rs. (97,77,711) and Rs. (1,55,34,873) respectively.
Fone4 Communications IPO – Promoters
The Promoter of this company is:
- MR. SAYYED HAMID
- MRS. ROUDHA ZERLINA
List of Related Parties (Key Managerial Personnel)
- Mr. Sayyed Hamid, Managing Director
- Mrs. Roudha Zerlina, Non-executive Director
- Mr. Sayyed Haris Sayyed Imbichi, Executive Director & CFO
- Mr. Mohammed Asharaf, Independent Director
- Mr. Mohammed Arzoo Abdul Latheef, Independent Director
Fone4 Communications IPO – Promoters Holding
- Pre Issue Share Holding – 95.12%
- Pos Issue Share Holding – 57.18%
Fone4 Communications IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 68,00,000 Equity Shares aggregating up to Rs.680.00 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,40,000 Equity Shares aggregating up to Rs.34 Lakhs |
| Net Issue to the Public | Up to 64,60,000 Equity Shares aggregating up to Rs.646 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 32,30,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 32,30,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,02,50,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,70,50,000 Equity Shares |
Fone4 Communications IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet the working capital requirements of the company
- To meet the Issue Expenses
- General Corporate Purposes
Fone4 Communications IPO – Business Strategy
- Increasing trade/sales
- Upgrade & Renovation
- Brand building
- Targeting the Middle Class
- Strengthening Distribution Network
- Maintaining edge over competitors
- Improving operational efficiency
- Supply chain management & systems
Fone4 Communications IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Strategically located showrooms across Kerala;
- Leveraging the experience of their Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with their customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (0.57) | – | 7.08 |
| 31-Mar-20 | (5.59) | (1182.60) | – |
| Mar-19 | (8.88) | (146.49) | – |
Fone4 Communications IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Fone4 Communications Limited | 10 | (17.49) | (0.57) | – | 6380.25 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Fone4 Communications IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Contact Person: Mr. S. Ramakrishna Iyengar Telephone: 033 – 22895101 Email: ramakrishna@finshoregroup.com; Website: www.finshoregroup.com; Investor Grievance Email: info@finshoregroup.com; SEBI Registration No: INM000012185 CIN No: U74900WB2011PLC169377 |
Fone4 Communications IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Telephone: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email: investor@cameoindia.com Contact Person: Mr. R.D. Ramasamy, Director Website: www.cameoindia.com SEBI Registration Number: INR000003753 CIN No: U67120TN1998PLC041613 |
Fone4 Communications IPO – Other Details
- Statutory Auditor – M/s. Kapish Jain & Associates
- Legal Counsel to the Company – J MUKHERJEE & ASSOCIATES
- Bankers to the Company – ICICI Bank Limited
Fone4 Communications IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Fone4 Communications IPO
Fone4 Communications Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Fone4 Communications IPO Review FAQs
Ques – What is the Issue Size of Fone4 Communications IPO?
Answer – The Company is making an initial public offer of 6,800,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band of Fone4 IPO?
Answer – The price band for this particular IPO ranges between Rs.10. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Fone4 IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 25, 2022, while the closing date is set at Apr 27, 2022.
Ques – What is the Fone4 Communications IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on May 2, 2022, refund initiation is on May 4, 2022, credit of shares is on May 5, 2022, and share listing date is on May 6, 2022.
Ques – What is the Fone4 IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges May 6, 2022. The date, when the listing would be done, is stagnant on May 6, 2022.
Ques – Who is the Registrar of Fone4 Communications IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Fone4 IPO?
Answer – Here are the promoters of this IPO – MR. SAYYED HAMID, AND MRS. ROUDHA ZERLINA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Fone4 Communications IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Fone4 IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Fone4 Communications Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakhs is -10.00, 2020 is -97.78, 2019 is -155.34. PAT from Sep 2021 is -2.24.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics