Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Tue, Jan 30, 2018 - Thu, Feb 1, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jan 30, 2018
IPO Close
Thu, Feb 1, 2018
Issue Price
₹18 per share
Market Cap (Pre-IPO)
₹24.03 Cr
| IPO Date | 30 Jan to 1 Feb, 2018 |
| Listed on | Fri, Feb 9, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹18 per share |
| Lot Size | 8,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 36,08,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 1,84,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.3312 Cr) |
| Fresh Issue (Ex Market Maker) | 34,24,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 34,24,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 97,41,971 shares |
| Share Holding Post Issue | 1,33,49,971 shares |
| BSE Script Code | 540945 |
| ISIN | INE180Z01019 |
Focus Suites Solutions IPO comprises a total issue size of 36,08,000 shares. The net offer to the public is 34,24,000 shares, after excluding 1,84,000 shares allotted on a firm basis. Of the Net offer 17,12,000 (50.00%) allocated to NII 17,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,12,000 | 50.00% | 47.45% |
| Retail Shares Offered | 17,12,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,84,000 | 5.10% | |
| Total Shares Offered | 36,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 8,000 shares and in multiples thereof.
| 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
| 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 | Investment in the Subsidiaries POPRSPL and GENPOP to fund their working capital requirement. | 4.68 |
| 2 | General Corporate Purpose | 1.06 |
| Total | 5.74 |
The Focus Suits Solutions IPO is subscribed [.] times on February 1, 2018 5:00:00 PM (Day 3). 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, Bankers etc. | 0.50 |
| 2 | Regulatory fees | 0.06 |
| 3 | Marketing and Other Expenses | 0.19 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹18.00 |
| Open | ₹21.60 |
| Low | ₹21.60 |
| High | ₹21.60 |
| Last Trade | ₹21.60 |
Lead Manager Reports
Focus Suites Solutions IPO is a SME IPO of 36,08,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹18 per share. The minimum order quantity is 8000.
The IPO opens on Tue, Jan 30, 2018, and closes on Thu, Feb 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 Tue, Jan 30, 2018 and closes on Thu, Feb 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 Fri, Feb 9, 2018.
