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Focus Business Solution IPO is a fixed price issue of Rs 1.22 crores.
Focus Business Solution IPO bidding started from June 30, 2021 and ended on July 5, 2021. The allotment for Focus Business Solution IPO was finalized on Thursday, July 8, 2021. The shares got listed on BSE SME on July 13, 2021.
Focus Business Solution IPO price is ₹19 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹114,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the Focus Business Solution IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Focus Business Solution IPO RHP for detailed information.
| IPO Date | June 30, 2021 to July 5, 2021 |
| Listing Date | July 13, 2021 |
| Face Value | ₹10 per share |
| Price | ₹19 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 642,000 shares (aggregating up to ₹1.22 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,580,000 |
| Share holding post issue | 2,222,000 |
| Market Maker portion | 42,000 shares |
Focus Business Solution IPO offers 642,000 shares. 300,000 (46.73%) to NII, 300,000 (46.73%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 42,000 (6.54%) |
| Other Shares Offered | 300,000 (46.73%) |
| Retail Shares Offered | 300,000 (46.73%) |
| Total Shares Offered | 642,000 (100%) |
Focus Business Solution IPO opens on June 30, 2021, and closes on July 5, 2021.
| IPO Open Date | Wednesday, June 30, 2021 |
| IPO Close Date | Monday, July 5, 2021 |
| Basis of Allotment | Thursday, July 8, 2021 |
| Initiation of Refunds | Friday, July 9, 2021 |
| Credit of Shares to Demat | Monday, July 12, 2021 |
| Listing Date | Tuesday, July 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 5, 2021 |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹114,000 |
| Retail (Max) | 1 | 6000 | ₹114,000 |
| Lot Size Calculator | |||
Mr. Mohamedyaseen Muhammadbhai Nathani and Mr. Mohamedamin Mohammad Nathani are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
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
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 468.19 | 395.66 | 415.64 | 344.76 | |
| Total Revenue | 799.19 | 1,090.73 | 1,073.97 | 1,023.76 | |
| Profit After Tax | 19.74 | 15.25 | 11.77 | 10.99 | |
[Dilip Davda] The company has shown a stagnant top line with marginal growth in bottom lines for all these years. As the company has tiny equity even after the IPO, it will take a pretty long time to migrate to the mainboard. Even in the segment in which the company is engaged, there are many unorganized players. Though the issue appears reasonably priced based on its FY21 annualized earnings, sustainability raises concern. Considering all these, cash surplus, risk savvy investors may consider investment at their own risk. Read detail review...
The Focus Business Solution IPO is subscribed 6.66 times on July 5, 2021 9:50:00 AM. 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 (times) |
|---|---|
| Other | 3.22 |
| Retail | 10.10 |
| Total | 6.66 |
| Listing Date | July 13, 2021 |
| BSE Script Code | 543312 |
| NSE Symbol | |
| ISIN | INE0DXR01010 |
| Final Issue Price | ₹19 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹19.00 |
| ₹29.35 |
| ₹27.90 |
| ₹29.35 |
| ₹27.90 |
Focus Business Solution Limited
703, Rajhans Complex, Nr. Kadiwala School
Ring Road, Surat, Gujarat-395,002, India
Phone: +91 261 4002823
Email: focusbsl2006@gmail.com
Website: http://www.focusbsl.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Focus Business Solution IPO is a SME IPO of 642,000 equity shares of the face value of ₹10 aggregating up to ₹1.22 Crores. The issue is priced at ₹19 per share. The minimum order quantity is 6000 Shares.
The IPO opens on June 30, 2021, and closes on July 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 June 30, 2021 and closes on July 5, 2021.
Focus Business Solution IPO lot size is 6000 Shares, and the minimum amount required is ₹114,000.
You can apply in Focus Business Solution IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 Monday, July 12, 2021. Check the Focus Business Solution IPO allotment status.
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