About the Company:
Fone4 Communications Ltd commenced its business in the year 2014 and headquartered at Cochin, Kerala.
Inspired by the growth in the Online E-Commerce segment particularly for electronics and electricals gadgets, Company developed a robust Technological Platform www.fone4.in, wherein customers could buy their desired products through online E-Commerce with attractive offers.
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.
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 at: (Calicut (02), Cochin (06), Kollam (02), Kottayam (02), Malappuram (01), Palakkad (07), Thrissur (02), Trivandrum (03).
Whilst the retail stores are located at prominent locations to attract greater footfalls but the overall idea was to effectively deliver the products booked through online.
Company has emerged as one of the most trusted online platform outfit for purchase of Electronics gadgets and accessories in the State of Kerala.
Company has a plans to expand the base to the entire Southern Region by either having its own Retail Stores or through a franchise model.
The presence in the Southern Region will make our company as well as our E-Commerce model a One Stop Techno Hub for buying leading brands of electronics gadgets and accessories.
Main revenue sources.
Our retail and e-commerce segments contributes to 95% and 5% respectively of our revenue from operations as on March 31,2021 and 93.50% and 6.50% respectively as on September 30, 2021.
Products portfolio.
Company’s product range currently includes 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.
The company offers a wide range of products to customers under different brand names.
The best selling products and brands are Samsung, Vivo, Oppo, Xiaomi which contribute approximately 79% of the company’s revenue.
Income categories targeted (premium, mid-range and budget products).
Company markets the products through its network of our own showrooms all over the state.Company has 25 showrooms in all major cities in Kerala. The retail stores offer consumer electronics goods to customers for personal and commercial use.
Location of Showrooms:
1. Calicut, Arayidathupalam
2. Calicut, Foreign Bazar
3. Cochin, Edapally
4. Cochin GCDA
5. Cochin, Lulu Mall
6. Cochin, MG Road
7. Cochin, Penta Menaka
8. Cochin, Thripunithura
9. Kollam, Kadappakada
10. Kollam, Pallimukku
11. Kottayam, Shastri Road
12. Kottayam, Thirunakkara
13. Malappuram, Kondotty
14. Palakkad, Mannarkad
15. Palakkad, Ottapalam
16. Palakkad, Pattambi
17. Palakkad, Stadium Bypass
18. Palakkad, TB Road
19. Palakkad, Tharekkad
20. Palakkad, Vadakkanchery
21. Thrissur, East Fort
22. Thrissur, Kuruppam Road
23. Trivandrum, Kesavadasapuram
24. Trivandrum, Lulu
25. Trivandrum, Overbridge
Competition in the Business:
Company competes with large number of organized players like QRS and Oxygen Digital Shop, myG, TecQ based in Kerala and other national brands like Reliance Digital and Croma.
Management Team:
- Mr. Sayyed Hamid (Designation: Managing Director)
- Mrs. Roudha Zerlina (Designation: Non-Executive Director)
Objectives of the Issue:
Fresh Issue: (Rs.6.8 cr)
- To meet the working capital requirements of the company.
- To meet the Issue Expenses.
- General Corporate Purposes.
Peer Group Comparison:
We believe that none of the listed companies in India offer products or services across the various business segments in which Fone4 Communications Ltd operate. Hence a strict comparison is not possible.
Financials of the Company:
| (in Crores) | FY 19 | FY 20 | FY 21 | 31st Dec 21 |
|---|---|---|---|---|
| Revenue | 152.42 | 57.52 | 63.80 | 42.12 |
| Net Profit | (-1.55) | (-0.97) | (-0.10) | 0.086 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 25th April 2022 |
| Issue Closes on:. | 27th April 2022 |
| Issue Price | Rs.10 |
| Face Value | Rs.10 |
| Minimum Lot | 10,000 |
| Minimum Investment | Rs.1,00,000 |
| Issue Constitutes | 39.88% |
| Issue Size | Rs.6.8 cr |
| Market Cap | Rs.17.05 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 68,00,000 |
| Equity Shares Prior to the Issue | 1,02,50,000 |
| Equity Shares after the issue | 1,70,50,000 |
Also Read : List of Upcoming IPO’s in India.
Also Read : List of Upcoming SME IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 2nd May 2022 |
| Initiation of Refunds | on or Before 4th May 2022 |
| Credit of Equity Shares: | on or Before 5th May 2022 |
| Listing Date: | on or Before 6th May 2022 |
| Company Contact Info: |
|---|
| Fone4 Communications (India) Limited 1st Floor, 45/692-B, Ashna Arcade, Vylopilly Road, Thammanam Ernakulam 682032, Kerala, India. Contact No: +91 91417 77777. Email ID: haris@fone4.in Website: https://www.fone4.in |
| IPO Registrar Info: |
|---|
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India. Telephone: +91-44-40020700, 28460390 Email: investor@cameoindia.com Website: www.cameoindia.com |
| Lead Manager to the Issue: |
|---|
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal, India. Telephone: 033 – 22895101 Email: ramakrishna@finshoregroup.com Website: www.finshoregroup.com |
