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Focus Lighting IPO is a fixed price issue of ₹4.05 crores. The issue is entirely a fresh issue of 0.09 crore shares of ₹4.05 crore.
Focus Lighting IPO bidding started from Mar 30, 2017 and ended on Apr 5, 2017. The shares got listed on NSE SME on Apr 13, 2017.
Focus Lighting IPO price is ₹45.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,70,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Focus Lighting IPO RHP for detailed Information.
| IPO Date | March 30, 2017 to April 5, 2017 |
| Listing Date | April 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 9,00,000 shares (aggregating up to ₹4.05 Cr) |
| Reserved for Market Maker | 48,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.2160 Cr) |
| Net Offered to Public | 8,52,000 shares (aggregating up to ₹3.83 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 24,78,600 shares |
| Share Holding Post Issue | 33,78,600 shares |
Focus Lighting And Fixtures IPO offers total 9,00,000 shares. Out of which 4,26,000 (47.33%) allocated to NII, 4,26,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 48,000 (5.33%) |
| NII (HNI) Shares Offered | 4,26,000 (47.33%) |
| Retail Shares Offered | 4,26,000 (47.33%) |
| Total Shares Offered | 9,00,000 (100.00%) |
Focus Lighting IPO opens on March 30, 2017, and closes on April 5, 2017.
| IPO Open Date | Thu, Mar 30, 2017 |
| IPO Close Date | Wed, Apr 5, 2017 |
| Tentative Listing Date | Thu, Apr 13, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 5, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,35,000 |
| Retail (Max) | 1 | 3,000 | ₹1,35,000 |
| HNI (Min) | 2 | 6,000 | ₹2,70,000 |
Incorporated in 2005, Focus Lighting & Fixtures Ltd (Focus) is engaged in providing wide range of products which includes recessed adjustable spotlights, recessed down lights, surface mounted spotlights, surface-mounted / suspended down lights, system based spotlights / wall washer, track-mounted spotlights, etc. each with different working capabilities.
Focus Lighting & Fixtures worked for some of the leading brands like And Designs, Global Designs, Croma, Raymond, Shoppers’ Stop, Park Avenue, Timberland, Globus and many more.
The products of the Company are designed from Germany, these designs are provided to their supplier in China and the moulds prepared as per the specified designs. The products are imported from China under the brand name of TRIX. Company's products under brand name of PLUS are manufactured by M/s. Shantilal & Bros (Mfg Dept). Appox. 70-80% of their total purchases are from Shantilal & Bros (Mfg Dept). Even for exports, appx. 90% of the products are manufactured by Shantilal & Bros (Mfg Dept). Now the Company has initiated the process of establishing its own manufacturing unit at Bhiwandi, Mumbai due to growing demand of its products.
The Company Focus Lighting 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 | Working Capital Requirements | 3.65 |
| 2 | Issue Expenses | 0.40 |
[Dilip Davda] Based on pricing and the performance, one may consider investment for medium to long term. Read detail review...
| Listing Date | April 13, 2017 |
| BSE Script Code | |
| NSE Symbol | FOCUS |
| ISIN | INE593W01010 |
| Final Issue Price | ₹45 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹54.00 |
| Low | ₹54.00 |
| High | ₹54.00 |
| Last Trade | ₹54.00 |
Focus Lighting & Fixtures Ltd.
1007-1010, Corporate Avenue Wing A,
Sonawala Road, Near Udyog Bhavan,
Goregaon (East),
Mumbai, Maharashtra, 400063
Phone: + 91 22 26865676/72-76
Email: Info@pluslighttech.com
Website: http://www.pluslighttech.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Focus Lighting IPO is a SME IPO of 9,00,000 equity shares of the face value of ₹10 aggregating up to ₹4.05 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on March 30, 2017, and closes on April 5, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Focus Lighting IPO using UPI as a payment gateway. Zerodha customers can apply in Focus Lighting IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Focus Lighting IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Focus Lighting IPO opens on March 30, 2017 and closes on April 5, 2017.
Focus Lighting IPO lot size is 3000, and the minimum amount required for application is ₹1,35,000.
You can apply in Focus Lighting 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 Lighting IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Focus Lighting IPO allotment status.
The Focus Lighting IPO listing date is on Thursday, April 13, 2017.
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