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Fone4 Communications IPO is a fixed price issue of Rs 6.80 crores. The issue is entirely a fresh issue of 68 lakh shares.
Fone4 Communications IPO bidding started from April 25, 2022 and ended on April 27, 2022. The allotment for Fone4 Communications IPO was finalized on Monday, May 2, 2022. The shares got listed on BSE SME on May 6, 2022.
Fone4 Communications IPO price is ₹10 per share. The minimum lot size for an application is 10000 Shares. The minimum amount of investment required by retail investors is ₹100,000.
Finshore Management Services Limited is the book running lead manager of the Fone4 Communications IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Fone4 Communications IPO RHP for detailed information.
| IPO Date | April 25, 2022 to April 27, 2022 |
| Listing Date | May 6, 2022 |
| Face Value | ₹10 per share |
| Price | ₹10 per share |
| Lot Size | 10000 Shares |
| Total Issue Size | 6,800,000 shares (aggregating up to ₹6.80 Cr) |
| Fresh Issue | 6,800,000 shares (aggregating up to ₹6.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 10,250,000 |
| Share holding post issue | 17,050,000 |
| Market Maker portion | 340,000 shares |
Fone4 Communications IPO offers 6,800,000 shares. 3,230,000 (47.50%) to NII, 3,230,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 340,000 (5.00%) |
| Other Shares Offered | 3,230,000 (47.50%) |
| Retail Shares Offered | 3,230,000 (47.50%) |
| Total Shares Offered | 6,800,000 (100%) |
Fone4 Communications IPO opens on April 25, 2022, and closes on April 27, 2022.
| IPO Open Date | Monday, April 25, 2022 |
| IPO Close Date | Wednesday, April 27, 2022 |
| Basis of Allotment | Monday, May 2, 2022 |
| Initiation of Refunds | Wednesday, May 4, 2022 |
| Credit of Shares to Demat | Thursday, May 5, 2022 |
| Listing Date | Friday, May 6, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 27, 2022 |
Investors can bid for a minimum of 10000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 10000 | ₹100,000 |
| Retail (Max) | 2 | 20000 | ₹200,000 |
| Lot Size Calculator | |||
Mr. Sayyed Hamid and Mrs Roudha Zerlina are the company promoters.
| Share Holding Pre Issue | 95.12% |
| Share Holding Post Issue | 57.18% |
Incorporated in 2014, Fone4 Communications (India) Limited is an online Electronic E-Commerce company. The company distributes a wide range of products online and offline such as electronic gadgets and accessories for Smart Phones, Laptops, Smart Television, etc. 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 is located in Kerela.
Fone4 Communications has 25 Showrooms with the brand name 'FONE4' in all major cities of Kerala including Calicut, Cochin, Kollam, Kottayam, Malappuram, Palakkad, Thrissur, among others. The company's warehouse is located in Kochi, Kerela.
Competitive Strengths:
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 3162.46 | 4927.98 | 16577.39 | 14225.44 | |
| Total Revenue | 2626.86 | 6380.25 | 5752.19 | 15242.89 | |
| Profit After Tax | -2.24 | -10.00 | -97.78 | -155.34 | |
The market capitalization of Fone4 Communications IPO is Rs 17.05 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 142.86 |
The Objects of the Issue are:
[Dilip Davda] The company has posted inconsistency in its top line with losses for fiscals 2019, 2020 and 2021. It has earned minuscule profits for 9M of FY22 and still has huge carried forward losses. Though the issue is at par value, there is no harm in skipping it as it has a negative P/E based on FY21 earnings and 143 P/E based on FY22 annualized working. Read detail review...
The Fone4 Communications IPO is subscribed 14.75 times on April 27, 2022 7:51:00 PM. The public issue subscribed 22.07 times in the retail category, times in the QIB category, and 7.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 7.43 |
| Retail | 22.07 |
| Total | 14.75 |
| Listing Date | May 6, 2022 |
| BSE Script Code | 543521 |
| NSE Symbol | |
| ISIN | INE0L3H01014 |
| Final Issue Price | ₹10 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹10.00 |
| ₹10.00 |
| ₹9.50 |
| ₹10.00 |
| ₹9.50 |
Fone4 Communications (India) Limited
1st Floor, 45/692-B,
Ashna Arcade, Vylopilly Road,
Thammanam Ernakulam 682032,
Phone: +91 8606 777 777
Email: cs@fone4.in
Website: https://www.fone4.in/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
SME Company Owners
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Check our SME IPO Guide 
Fone4 Communications IPO is a SME IPO of 6,800,000 equity shares of the face value of ₹10 aggregating up to ₹6.80 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on April 25, 2022, and closes on April 27, 2022.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Fone4 Communications IPO using UPI as a payment gateway. Zerodha customers can apply in Fone4 Communications IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fone4 Communications IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fone4 Communications IPO opens on April 25, 2022 and closes on April 27, 2022.
Fone4 Communications IPO lot size is 10000 Shares, and the minimum amount required is ₹100,000.
You can apply in Fone4 Communications IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Fone4 Communications IPO will be done on Monday, May 2, 2022, and the allotted shares will be credited to your demat account by Thursday, May 5, 2022. Check the Fone4 Communications IPO allotment status.
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