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Let’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 ValueRs 10
Price BandRs 10
Listing AtBSE, SME
Min. Order Quantity10000 Shares
Listing DateMay 6,2022
Offer for SaleRs Lakhs
Fresh IssueRs 680 Lakhs
IPO SizeRs 680 Lakhs
Tick Size1

Fone4 Communications IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.


Fone4 Communications IPO – Summary

Fone4 Communications IPOTheir 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 / DateNIIRIITotal Subscription
1st Day – 25th April1.19x1.33x1.26x
2nd Day –  26th April1.29x7.28x4.28x
3rd Day – 27th April7.43x22.07x14.75x
Shares Offered or Net Issue3,230,0003,230,0006,460,000

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 FinalizationMay 2, 2022
Refunds InitiationMay 4, 2022
Credit of Shares to Demat AccountMay 5, 2022
Share Listing DateMay 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


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    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-2131-Mar-2131-Mar-2031-Mar-19
    Total Assets31,28,06,55949,27,97,6121,65,77,38,9011,42,25,43,988
    Total Revenue42,12,56,90163,80,24,71157,52,18,7811,52,42,89,279
    Total Expense40,85,31,67861,11,91,45456,07,76,3321,50,10,49,922
    Profit After Tax8,64,039  (10,00,322)(97,77,711) (1,55,34,873)

    Earnings per Equity Share (in Lakhs)

    30-Sep-2131-Mar-2131-Mar-2031-Mar-19
    Basic & Diluted0.15 (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:

    1. MR. SAYYED HAMID
    2. 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 MakersUp to 3,40,000 Equity Shares aggregating up to Rs.34
    Lakhs
    Net Issue to the PublicUp 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 InvestorsNot more than 32,30,000 Equity Shares
     Equity Shares outstanding prior to the Issue1,02,50,000 Equity Shares
     Equity Shares outstanding after the Issue1,70,50,000 Equity Shares

    Fone4 Communications IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. To meet the working capital requirements of the company
    2. To meet the Issue Expenses
    3. 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 EPSRONW (%)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/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
    Fone4 Communications Limited10(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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


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      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.


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