Fone4 Communications (India) Limited IPO
i. Fone4 Communications (India) Limited – An online E-commerce Electronics outfit that commenced its business in the year 2014 promoted by its visionary promoter Mr. Sayyed Hamid and headquartered in Cochin, Kerala. Inspired by the growth in the Online E-Commerce segment, particularly for electronics and electricals gadgets, the 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.
ii. The company has a wide range of offerings through both online as well as an offline platforms 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.
iii. The Company to boost the online E-commerce sales in the State of Kerala, gradually started opening up retail stores at strategic locations and presently the company has 25 showrooms spread in: (Calicut (02), Cochin (06), Kollam (02), Kottayam (02), Malappuram (01), Palakkad (07), Thrissur (02), Trivandrum (03)).
iv. The Company plans to expand the base through strategic acquisitions in a similar field and in the logistics arena. The Company also has plans to strengthen our Technological platform so that more and more innovative tools can be made available to customers at large at the most competitive pricing.
- Strategic location and facilities.
- Wide distribution and marketing network.
- Diversified products portfolio and innovation.
Objects of the Fone4 Communications (India) Limited IPO:
Fone4 Communications (India) Limited IPO Details:
|Open Date:||Apr 25 2022|
|Close Date:||Apr 27 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||6.8 Cr.|
|Lot Size:||10000 Shares|
|Issue Price:||₹ 10 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||May 06 2022|
Promoters And Management:
Financials of Fone4 Communications (India) Limited IPO:
|Particulars (in Lakhs)||Dec-21||Mar-21||Mar-20||Mar-19|
|Cost of Materials Consumed||3,646||5,505||5,210||13,821|
|Changes in Inventories||0||0||0||0|
|Employee Benefits Expense||124||142||92||245|
|Profit before tax||4||-23||-119||-174|
|Total Tax Exps||-5||-13||-22||-18|
|No. of shares||170.50||170.50||170.50||170.50|