Fixed Price IPO | ₹1 Cr | Listed at BSE SME | Wed, Jun 30, 2021 - Mon, Jul 5, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jun 30, 2021
IPO Close
Mon, Jul 5, 2021
Issue Price
₹19 per share
Market Cap (Pre-IPO)
₹4.22 Cr
| IPO Date | 30 Jun to 5 Jul, 2021 |
| Listed on | Tue, Jul 13, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹19 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 6,42,000 shares (agg. up to ₹1 Cr) |
| Reserved for Market Maker | 42,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.0798 Cr) |
| Fresh Issue (Ex Market Maker) | 6,00,000 shares (agg. up to ₹1 Cr) |
| Net Offered to Public | 6,00,000 shares (agg. up to ₹1 Cr) |
| Share Holding Pre Issue | 15,80,000 shares |
| Share Holding Post Issue | 22,22,000 shares |
| BSE Script Code | 543312 |
| ISIN | INE0DXR01010 |
Focus Business Solution IPO comprises a total issue size of 6,42,000 shares. The net offer to the public is 6,00,000 shares, after excluding 42,000 shares allotted on a firm basis. Of the Net offer 3,00,000 (50.00%) allocated to NII 3,00,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,00,000 | 50.00% | 46.73% |
| Retail Shares Offered | 3,00,000 | 50.00% | 46.73% |
| Firm Reservations | |||
| Market Maker Shares Offered | 42,000 | 6.54% | |
| Total Shares Offered | 6,42,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance working capital requirements of the Company | 0.65 |
| 2 | General corporate purposes | 0.30 |
The Focus Business Solution IPO is subscribed 6.66 times on July 5, 2021 9:50:00 AM (Day 4). The public issue subscribed 10.10 times in the retail category, [.] times in the QIB category, and 3.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| NII* | 3.22 | 3,00,000 | 9,66,000 | |
| Retail | 10.10 | 3,00,000 | 30,30,000 | |
| Total | 6.66 | 6,00,000 | 39,96,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars, Market Making fee for three years etc. | 0.16 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Advertisement & Marketing Expenses | 0.03 |
| 4 | Regulatory & other expenses | 0.05 |
| 5 | Miscellaneous Expenses | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹19.00 |
| Open | ₹29.35 |
| Low | ₹27.90 |
| High | ₹29.35 |
| Last Trade | ₹27.90 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Focus Business Solution IPO is a SME IPO of 6,42,000 equity shares of the face value of ₹10 aggregating up to ₹1 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Jun 30, 2021, and closes on Mon, Jul 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 Wed, Jun 30, 2021 and closes on Mon, Jul 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 Mon, Jul 12, 2021. Check the Focus Business Solution IPO allotment status.
The Focus Business Solution IPO listing date is on Tue, Jul 13, 2021.
