fonebook ipo gmp today: check price band, key dates and other details
Fonebook, a leading multi-brand retailer specialising in smartphones and accessories, is currently undergoing its Initial Public Offering (IPO), with a total issue size of Rs 20.37 crores.
Fonebook IPO Price Band And Minimum InvestmentThe price band of the IPO is between Rs 66 to Rs 70 per share, with a minimum lot size of 2000 shares. Retail investors are required to invest a minimum amount of Rs 140,000, while High Net Worth Individuals (HNI) need to apply for a minimum of 2 lots, equivalent to 4,000 shares, totaling Rs 280,000.
Fonebook IPO Subscription WindowThe Fonebook IPO’s subscription period opened on January 25, 2024, and is set to close on January 30, 2024.
Fonebook IPO Allotment DateThe allotment process of Fonebook IPO is expected to be finalised on January 31, 2024.
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Fonebook IPO Listing DateFonebook IPO is slated to list on the NSE SME, with the tentative listing date scheduled for February 2, 2024.
Fonebook IPO GMPThe grey market premium for Fonebook shares is strong, ranging between Rs 110 and Rs 120 in the unlisted market, as reported by various websites tracking IPO GMP activities.
Managing the IPO process, Beeline Capital Advisors Pvt Ltd is serving as the book running lead manager, while Kfin Technologies Limited has been appointed as the registrar. Spread X Securities is the designated market maker for Fonebook IPO, contributing to the overall market dynamics.
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Fonebook AboutIn terms of its business profile, Fonebox Retail Limited caters to a diverse range of smartphones and accessories, featuring products from renowned manufacturers such as Vivo, Apple, Samsung, Oppo, Realme, Nokia, Narzo, Redmi, Motorola, LG, and Micromax. The company’s presence in the multi-brand retail space positions it strategically within the competitive smartphone market.
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