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Focus Business Solution IPO is a fixed price issue of ₹1.22 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹1.22 crore.
Focus Business Solution IPO bidding started from Jun 30, 2021 and ended on Jul 5, 2021. The allotment for Focus Business Solution IPO was finalized on Jul 8, 2021. The shares got listed on BSE SME on Jul 13, 2021.
Focus Business Solution IPO price is ₹19.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,28,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Focus Business Solution IPO RHP for detailed Information.
| IPO Date | June 30, 2021 to July 5, 2021 |
| Listing Date | July 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹19 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,42,000 shares (aggregating up to ₹1.22 Cr) |
| Reserved for Market Maker | 42,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.0798 Cr) |
| Net Offered to Public | 6,00,000 shares (aggregating up to ₹1.14 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 15,80,000 shares |
| Share Holding Post Issue | 22,22,000 shares |
Focus Business Solution IPO offers total 6,42,000 shares. Out of which 3,00,000 (46.73%) allocated to NII, 3,00,000 (46.73%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 42,000 (6.54%) |
| NII (HNI) Shares Offered | 3,00,000 (46.73%) |
| Retail Shares Offered | 3,00,000 (46.73%) |
| Total Shares Offered | 6,42,000 (100.00%) |
Focus Business Solution IPO opens on June 30, 2021, and closes on July 5, 2021.
| IPO Open Date | Wed, Jun 30, 2021 |
| IPO Close Date | Mon, Jul 5, 2021 |
| Tentative Allotment | Thu, Jul 8, 2021 |
| Initiation of Refunds | Fri, Jul 9, 2021 |
| Credit of Shares to Demat | Mon, Jul 12, 2021 |
| Tentative Listing Date | Tue, Jul 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jul 5, 2021 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,14,000 |
| Retail (Max) | 1 | 6,000 | ₹1,14,000 |
| HNI (Min) | 2 | 12,000 | ₹2,28,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Focus Business Solutions Limited is engaged in the business of debt collection and recovery services for banks, financial institutions, and NBFCs. It takes strategic actions on delinquent accounts to recover overdue payments of loans, credit cards, and other credit facilities from customers.
The company follows a smart retail collection administrative programme (RCAP) to recover overdue payment on personal loans, business loans, vehicle loans, loan against properties, 2-wheeler loan, SME loans, gold loans, and others. It further has a well-equipped call center with 64 workstations to take regular follow-ups from defaulters on the due payments.
Competitive Strengths
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 468.19 | 395.66 | 415.64 | 344.76 | |
| Total Revenue | 799.19 | 1,090.73 | 1,073.97 | 1,023.76 | |
| Profit After Tax | 19.74 | 15.25 | 11.77 | 10.99 | |
The Company Focus Business Solution IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To part finance working capital requirements of the Company | 0.65 |
| 2 | General corporate purposes | 0.30 |
[Dilip Davda] The company has shown a stagnant top line with marginal growth in bottom lines for all these years. As the company has tiny equity even after the IPO, it will take a pretty long time to migrate to the mainboard. Even in the segment in which the company is engaged, there are many unorganized players. Though the issue appears reasonably priced based on its FY21 annualized earnings, sustainability raises concern. Considering all these, cash surplus, risk savvy investors may consider investment at their own risk. Read detail review...
| Listing Date | July 13, 2021 |
| BSE Script Code | 543312 |
| NSE Symbol | |
| ISIN | INE0DXR01010 |
| Final Issue Price | ₹19 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹19.00 |
| Open | ₹29.35 |
| Low | ₹27.90 |
| High | ₹29.35 |
| Last Trade | ₹27.90 |
Focus Business Solution Ltd.
703, Rajhans Complex,
Nr. Kadiwala School,
Ring Road,
Surat, Gujarat, 395002
Phone: +91 261 4002823
Email: focusbsl2006@gmail.com
Website: http://www.focusbsl.com/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Focus Business Solution IPO is a SME IPO of 6,42,000 equity shares of the face value of ₹10 aggregating up to ₹1.22 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000.
The IPO opens on June 30, 2021, and closes on July 5, 2021.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Focus Business Solution IPO using UPI as a payment gateway. Zerodha customers can apply in Focus Business Solution IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Focus Business Solution IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Focus Business Solution IPO opens on June 30, 2021 and closes on July 5, 2021.
Focus Business Solution IPO lot size is 6000, and the minimum amount required for application is ₹1,14,000.
You can apply in Focus Business Solution IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Focus Business Solution IPO will be done on Thursday, July 8, 2021, and the allotted shares will be credited to your demat account by Monday, July 12, 2021. Check the Focus Business Solution IPO allotment status.
The Focus Business Solution IPO listing date is on Tuesday, July 13, 2021.
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