Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Thu, Mar 30, 2017 - Wed, Apr 5, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 30, 2017
IPO Close
Wed, Apr 5, 2017
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹15.20 Cr
| IPO Date | 30 Mar to 5 Apr, 2017 |
| Listed on | Thu, Apr 13, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹45 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 9,00,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 48,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.2160 Cr) |
| Fresh Issue (Ex Market Maker) | 8,52,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 8,52,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 24,78,600 shares |
| Share Holding Post Issue | 33,78,600 shares |
| NSE Symbol | FOCUS |
| ISIN | INE593W01010 |
Focus Lighting IPO comprises a total issue size of 9,00,000 shares. The net offer to the public is 8,52,000 shares, after excluding 48,000 shares allotted on a firm basis. Of the Net offer 4,26,000 (50.00%) allocated to NII 4,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,26,000 | 50.00% | 47.33% |
| Retail Shares Offered | 4,26,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 48,000 | 5.33% | |
| Total Shares Offered | 9,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirements | 3.65 |
| 2 | Issue Expenses | 0.40 |
The Focus Lighting And Fixtures IPO is subscribed [.] times on April 5, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.33 |
| 2 | Regulatory Fees & Other Expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹45.00 |
| Open | ₹54.00 |
| Low | ₹54.00 |
| High | ₹54.00 |
| Last Trade | ₹54.00 |
Lead Manager Reports
Focus Lighting IPO is a SME IPO of 9,00,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Mar 30, 2017, and closes on Wed, Apr 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 Thu, Mar 30, 2017 and closes on Wed, Apr 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 Thu, Apr 13, 2017.
