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:
- Strategic location and facilities.
- Wide distribution and marketing network.
- Diversified products portfolio and innovation.
Company Promoters:
Mr. Sayyed Hamid and Mrs Roudha Zerlina are the company promoters.
Company Financials:
| 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 |
Objects of the Issue:
The Objects of the Issue are:
- To meet the working capital requirements of the company.
- To meet the Issue Expenses.
- General Corporate Purposes.
Fone4 Communications IPO Details
| IPO Opening Date | Apr 25, 2022 |
| IPO Closing Date | Apr 27, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹10 per equity share |
| Market Lot | 10000 Shares |
| Min Order Quantity | 10000 Shares |
| Listing At | BSE SME |
| Issue Size | 6,800,000 Eq Shares of ₹10 (aggregating up to ₹6.80 Cr) |
| Fresh Issue | 6,800,000 Eq Shares of ₹10 (aggregating up to ₹6.80 Cr) |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Fone4 Communications IPO Tentative Timetable
The Fone4 Communications IPO open date is Apr 25, 2022, and the close date is Apr 27, 2022. The issue may list on May 6, 2022.
| IPO Open Date | Apr 25, 2022 |
| IPO Close Date | Apr 27, 2022 |
| Basis of Allotment Date | May 2, 2022 |
| Initiation of Refunds | May 4, 2022 |
| Credit of Shares to Demat Account | May 5, 2022 |
| IPO Listing Date | May 6, 2022 |
Fone4 Communications IPO Lot Size
The Fone4 Communications IPO market lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
Fone4 Communications IPO Promoter Holding
| Pre Issue Share Holding | 95.12% |
| Post Issue Share Holding | 57.18% |
3rd Party IPO Application
SBI Bank, Axis Bank, Bank of Baroda (BoB), RBL Bank and IndusInd Bank. Know more…
Fone4 Communications IPO Review
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…
Company Contact Information
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/