Fonebox Retail's IPO, offering up to 29.1 lakh equity shares at Rs 66-70 per share, opened for subscription and will close on January 30. The company sells smartphones, accessories, and consumer durable electronic goods from popular brands. It operates 143 multi-brand outlets across Gujarat. In the first half of the current financial year, it reported a revenue of Rs 139.75 crore and a profit of Rs 1.55 crore. The net proceeds from the IPO will be used for working capital requirements, expansion, and corporate purposes.