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Focus Suites Solutions IPO is a fixed price issue of ₹6.49 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹6.49 crore.
Focus Suites Solutions IPO bidding started from Jan 30, 2018 and ended on Feb 1, 2018. The shares got listed on BSE SME on Feb 9, 2018.
Focus Suites Solutions IPO price is ₹18.00 per share . The lot size for an application is 8,000. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (8000 shares). The minimum lot size investment for HNI is 2 lots (16,000 shares), amounting to ₹2,88,000.
Pantomath 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 Pantomath Stock Brokers Pvt.Ltd..
Refer to Focus Suites Solutions IPO RHP for detailed Information.
| IPO Date | January 30, 2018 to February 1, 2018 |
| Listing Date | February 9, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,08,000 shares (aggregating up to ₹6.49 Cr) |
| Reserved for Market Maker | 1,84,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.3312 Cr) |
| Net Offered to Public | 34,24,000 shares (aggregating up to ₹6.16 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 97,41,971 shares |
| Share Holding Post Issue | 1,33,49,971 shares |
Focus Suits Solutions IPO offers total 36,08,000 shares. Out of which 17,12,000 (47.45%) allocated to NII, 17,12,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,84,000 (5.10%) |
| NII (HNI) Shares Offered | 17,12,000 (47.45%) |
| Retail Shares Offered | 17,12,000 (47.45%) |
| Total Shares Offered | 36,08,000 (100.00%) |
Focus Suites Solutions IPO opens on January 30, 2018, and closes on February 1, 2018.
| IPO Open Date | Tue, Jan 30, 2018 |
| IPO Close Date | Thu, Feb 1, 2018 |
| Tentative Listing Date | Fri, Feb 9, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 1, 2018 |
Investors can bid for a minimum of 8,000 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 | 8,000 | ₹1,44,000 |
| Retail (Max) | 1 | 8,000 | ₹1,44,000 |
| HNI (Min) | 2 | 16,000 | ₹2,88,000 |
Incorporated in 2017, Focus Suits Solutions & Services Ltd is Market Research Company based in Bangalore having presence across 18 major countries in Asia, Middle East and Latin America. They offers Fieldwork, Panel Research and primary data collection services to the other Market Research Companies. They are a member of ESOMAR and CASRO.
They have team of project managers who handled the project execution of different fieldwork across various industries like healthcare, automobiles, IT and telecommunications,
FMCG, Retail etc. They help their clients and assist them in making strategic decisions in their respective lines of business.
Company's team of project managers have, over the years, built considerable expertise in project execution of different fieldwork across various industries like healthcare, automobiles, IT and telecommunications, FMCG, Retail etc. A high proportion of their revenues come from foreign markets.
The primary services they offer:
A) Qualitative Fieldwork
B) Sensorial Fieldwork
C) Usability Fieldwork
D) Data Acquisition and Data Analysis
The Company Focus Suites Solutions 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 | Investment in the Subsidiaries POPRSPL and GENPOP to fund their working capital requirement. | 468.00 |
| 2 | General Corporate Purpose | 106.44 |
[Dilip Davda] <p><strong>Based on realigned business strategy reflected in consolidated working that is available only for past sixteen months, future prospects appears bright. Investment may be considered for long term.</strong></p> Read detail review...
| Listing Date | February 9, 2018 |
| BSE Script Code | 540945 |
| NSE Symbol | |
| ISIN | INE180Z01019 |
| Final Issue Price | ₹18 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹21.60 |
| Low | ₹21.60 |
| High | ₹21.60 |
| Last Trade | ₹21.60 |
Focus Suites Solutions & Services Ltd.
2nd Flr Kalpak Arcade
No.46/17,
Church Street,
Bangalore Urban, Karnataka, 560001
Phone: +91-80-41757500
Email: investor@focus-suites.com
Website: http://www.focus-suites.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Focus Suites Solutions IPO is a SME IPO of 36,08,000 equity shares of the face value of ₹10 aggregating up to ₹6.49 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on January 30, 2018, and closes on February 1, 2018.
Bigshare Services 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 Suites Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Focus Suites Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Focus Suites Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Focus Suites Solutions IPO opens on January 30, 2018 and closes on February 1, 2018.
Focus Suites Solutions IPO lot size is 8000, and the minimum amount required for application is ₹1,44,000.
You can apply in Focus Suites Solutions 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 Suites Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Focus Suites Solutions IPO allotment status.
The Focus Suites Solutions IPO listing date is on Friday, February 9, 2018.
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