Fonebox Ipo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fonebox IPO allotment Status: Investors can check the allotment status of the SME initial public offering (IPO) of Fonebox Retail on the NSE. The IPO of Fonebox Retail was oversubscribed at 437.79, with over 127.39 crore share bids received against 29.1 lakh equity shares available for subscription. The retail individual investors portion received 85.60 crore shares bids, while the non-institutional investors got over 34.08 crore share bids. The company raised Rs 5.78 crore via anchor allotment, and the IPO is a fresh equity issue of up to 29.1 lakh equity shares.

The retail individual investors portion received 39.22 crore shares bids against the reserved quota while the non-institutional investors got over 9.07 crore share bids as per the data available on the NSE. Meanwhile, the qualified institutional buyers' (QIB) portion received over 21.72 lakh share bids.

The company raised Rs 5.78 crore via anchor allotment in which 682,000 shares were allotted to NAV Capital VCC - NAV Capital Emerging Star Fund at a bid price of Rs 70 per share. The company also allotted 144,000 shares to LC Radiance Fund VCC.