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January 30, 2018 - February 1, 2018

Focus Suits Solutions IPO Basis of Allotment

FOCUS SUITES SOLUTIONS & SERVICES LIMITED

Our Company was incorporated as "Focus Suites Solutions & Services Private Limited" at Bangalore as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated July 18, 2006 bearing Corporate Identification Number U72200KA2006PTC039993 issued by Registrar of Companies, Karnataka. Subsequently, our Company was converted into a public limited company pursuant to shareholders resolution passed at Annual General Meeting of our Company held on September 29, 2017 and the name of our Company was changed to Focus Suites Solutions & Services Limited and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Company dated November 16, 2017 was issued by Registrar of Companies, Bangalore, Karnataka. The Corporate Identification Number of our Company is U72200KA2006PLC039993. For details of Incorporation, Change in the Name and Registered Office of our Company, please refer to chapters titled "General Information" and "Our History and Certain Other Corporate Matters" beginning on pages 57 and 128 of the Prospectus.

Registered Office: 2nd Floor, Kalpak Arcade, No. 46/17, Church Street, Bangalore, Karnataka 560001, India Tel. No.: +91 80 41757500; Fax No.: NA Corporate Office: C-108, Kanakia Zillion, LBS Marg, Gateway to BKC, Kurla West, Mumbai 400070, Maharashtra, India
Tel. No.: +91 022 26540725; Fax No.: NA; Contact Person: Nidhi Sharma, Company Secretary and Compliance Officer;
Email: investor@focus-suites.com

PROMOTER OF OUR COMPANY: MAJESTIC MARKET RESEARCH SUPPORT SERVICES LIMITED

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 36,08,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 8 PER EQUITY SHARE) (THE "ISSUE PRICE") AGGREGATING UP TO RS. 649.44 LAKHS (THE "ISSUE") OF WHICH 1,84,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE, AGGREGATING RS. 33.12 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 34,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE, AGGREGATING RS. 616.32 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03% AND 25.65%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated January 18,2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:

a) A minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.

b) The balance net offer of shares to the public shall be made available for allotment to

(i) individual applicants other than retail investors and

(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.

(iii) the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.

Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 205 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH. THE ISSUE PRICE OF
RS. 18.00 IS 1.8 TIMES OF THE FACE VALUE OF THE EQUITY SHARES

ISSUE

OPENED 0N: TUESDAY, JANUARY 30, 2018
CLOSED ON: THURSDAY, FEBRUARY 01, 2018

 

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE SME") in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated January 17, 2018 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. For the purpose of this Issue, SME Platform of the BSE Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 17,543 applications for 62,30,96,000 Equity shares (Before Technical Rejections but after Bids not Banked and Invalid Duplicate Bids, Bid not registered) (including Market Maker Application of 1,84,000 Equity Shares) resulting 172.70 times subscription. After considering, a Technical Rejection case, the issue was subscribed 172.15 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection and after Bids not banked)

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Makers 1 1,84,000 1.00
Other than Retail Individual Investors 364 48,54,88,000 283.58
Retail Individual Investors 17,178 13,74,24,000 80.27
TOTAL 17,543 62,30,96,000 172.70

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Makers - -
Other than Retail Individual Investor's 5 2,24,000
Retail Individual Investor's 218 17,44,000
TOTAL 223 19,68,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION REVISED
SUBSCRIPTION
Market Makers 1 1,84,000 1.00 1.00
Other than Retail Individual Investors 359 48,52,64,000 283.58 283.45
Retail Individual Investors 16,960 13,56,80,000 80.27 79.25
TOTAL 17,320 62,11,28,000 172.70 172.15

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on February 06, 2018

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 18/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,84,000 Equity shares in full out of reserved portion of 1,84,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 18/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 79.25 times. Total number of shares allotted in this category are 17,12,000. Equity Shares. The category wise basis of allotment is as under:

No. of Shares
Applied for
(Category wise)
No. of
Applications
received
% to total Total No.
of Equity
Shares applied
%to total Proportionate
Shares
Available
Allocation per Applicant
(Before
Rounding Off)
Allocation per Applicant
(After
Rounding Off)
Ratio of
Allottees to the
Applicants
Total No. of
Equity Shares Allotted
Surplus/ (Deficit)
8,000 16,960 100.00 13,56,80,000 100.00 17,12,000 100.94 8,000 107:8480 17,12,000 0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 18/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 283.45 times. Total number of shares allotted in this category is 17,12,000 Equity Shares. The category wise basis of allotment is as under:

Sr. No No. of Shares
Applied for
(Category
wise)
No. of
Applications
received
% to total Total No. of
Equity
Shares applied
%to total Proportionate
Shares
Available
Allocation per Applicant
(Before
Rounding Off)
Allocation per Applicant
(After
Rounding Off)
Ratio of
Allottees to the
Applicants
Total No. of
Equity Shares Allotted
Surplus /(Deficit)
1 16000 88 24.51 1408000 0.29 4967 56.45 8000 1:88 8,000 3033
2 24000 24 6.69 576000 0.12 2032 84.67 8000 0:0 0 -2032
3 32000 11 3.06 352000 0.07 1242 112.90 8000 0:0 0 -1242
4 40000 11 3.06 440000 0.09 1552 141.12 8000 0:0 0 -1552
5 48000 15 4.18 720000 0.15 2540 169.34 8000 0:0 0 -2540
6 56000 4 1.11 224000 0.05 790 197.57 8000 0:0 0 -790
7 64000 2 0.56 128000 0.03 452 225.79 8000 0:0 0 -452
8 72000 10 2.79 720000 0.15 2540 254.01 8000 0:0 0 -2540
9 80000 2 0.56 160000 0.03 564 282.24 8000 0:0 0 -564
10 88000 2 0.56 176000 0.04 621 310.46 8000 0:0 0 -621
11 104000 3 0.84 312000 0.06 1101 366.91 8000 0:0 0 -1101
12 112000 3 0.84 336000 0.07 1185 395.13 8000 0:0 0 -1185
13 120000 3 0.84 360000 0.07 1270 423.36 8000 0:0 0 -1270
14 128000 5 1.39 640000 0.13 2258 451.58 8000 0:0 0 -2258
15 152000 2 0.56 304000 0.06 1073 536.25 8000 0:0 0 -1073
16 168000 2 0.56 336000 0.07 1185 592.70 8000 0:0 0 -1185
17 248000 1 0.28 248000 0.05 875 874.94 8000 0:0 0 -875
18 264000 1 0.28 264000 0.05 931 931.39 8000 0:0 0 -931
19 280000 2 0.56 560000 0.12 1976 987.83 8000 0:0 0 -1976
20 288000 1 0.28 288000 0.06 1016 1016.06 8000 0:0 0 -1016
21 296000 2 0.56 592000 0.12 2089 1044.28 8000 0:0 0 -2089
22 312000 1 0.28 312000 0.06 1101 1100.73 8000 0:0 0 -1101
23 336000 1 0.28 336000 0.07 1185 1185.40 8000 0:0 0 -1185
24 360000 1 0.28 360000 0.07 1270 1270.07 8000 0:0 0 -1270
25 376000 1 0.28 376000 0.08 1327 1326.52 8000 0:0 0 -1327
26 392000 1 0.28 392000 0.08 1383 1382.97 8000 0:0 0 -1383
27 432000 1 0.28 432000 0.09 1524 1524.09 8000 0:0 0 -1524
28 496000 1 0.28 496000 0.10 1750 1749.88 8000 0:0 0 -1750
29 552000 1 0.28 552000 0.11 1947 1947.44 8000 0:0 0 -1947
30 560000 1 0.28 560000 0.12 1976 1975.67 8000 0:0 0 -1976
31 608000 1 0.28 608000 0.13 2145 2145.01 8000 0:0 0 -2145
32 680000 1 0.28 680000 0.14 2399 2399.02 8000 0:0 0 -2399
33 800000 1 0.28 800000 0.16 2822 2822.38 8000 0:0 0 -2822
34 816000 1 0.28 816000 0.17 2879 2878.83 8000 0:0 0 -2879
35 832000 1 0.28 832000 0.17 2935 2935.28 8000 0:0 0 -2935
36 840000 1 0.28 840000 0.17 2964 2963.50 8000 0:0 0 -2964
37 1000000 1 0.28 1000000 0.21 3528 3527.98 8000 1:1 8000 4472
38 1080000 1 0.28 1080000 0.22 3810 3810.21 8000 1:1 8000 4190
39 1096000 1 0.28 1096000 0.23 3867 3866.66 8000 1:1 8000 4133
40 1248000 1 0.28 1248000 0.26 4403 4402.91 8000 1:1 8000 3597
41 1288000 1 0.28 1288000 0.27 4544 4544.03 8000 1:1 8000 3456
42 1296000 1 0.28 1296000 0.27 4572 4572.26 8000 1:1 8000 3428
43 1304000 1 0.28 1304000 0.27 4600 4600.48 8000 1:1 8000 3400
44 1312000 1 0.28 1312000 0.27 4629 4628.71 8000 1:1 8000 3371
45 1320000 1 0.28 1320000 0.27 4657 4656.93 8000 1:1 8000 3343
46 1328000 1 0.28 1328000 0.27 4685 4685.15 8000 1:1 8000 3315
47 1336000 1 0.28 1336000 0.28 4713 4713.38 8000 1:1 8000 3287
48 1344000 1 0.28 1344000 0.28 4742 4741.60 8000 1:1 8000 3258
49 1352000 1 0.28 1352000 0.28 4770 4769.82 8000 1:1 8000 3230
50 1360000 1 0.28 1360000 0.28 4798 4798.05 8000 1:1 8000 3202
51 1368000 1 0.28 1368000 0.28 4826 4826.27 8000 1:1 8000 3174
52 2088000 1 0.28 2088000 0.43 7366 7366.41 8000 1:1 8000 634
53 2104000 2 0.56 4208000 0.87 14846 7422.86 8000 1:1 16000 1154
54 2208000 1 0.28 2208000 0.46 7790 7789.77 8000 1:1 8000 210
55 2216000 1 0.28 2216000 0.46 7818 7818.00 8000 1:1 8000 182
56 2568000 1 0.28 2568000 0.53 9060 9059.84 8000 1:1 8000 -1060
57 2608000 1 0.28 2608000 0.54 9201 9200.96 8000 1:1 8000 -1201
58 2696000 1 0.28 2696000 0.56 9511 9511.42 8000 1:1 8000 -1511
59 2704000 1 0.28 2704000 0.56 9540 9539.65 8000 1:1 8000 -1540
60 2728000 1 0.28 2728000 0.56 9624 9624.32 8000 1:1 8000 -1624
61 2752000 1 0.28 2752000 0.57 9709 9708.99 8000 1:1 8000 -1709
62 2760000 1 0.28 2760000 0.57 9737 9737.22 8000 1:1 8000 -1737
63 2768000 1 0.28 2768000 0.57 9765 9765.44 8000 1:1 8000 -1765
64 2776000 1 0.28 2776000 0.57 9794 9793.66 8000 1:1 8000 -1794
65 3024000 1 0.28 3024000 0.62 10669 10668.60 8000 1:1 8000 -2669
66 3368000 1 0.28 3368000 0.69 11882 11882.22 16000 1:1 16000 4118
67 3376000 1 0.28 3376000 0.70 11910 11910.45 16000 1:1 16000 4090
68 3384000 1 0.28 3384000 0.70 11939 11938.67 16000 1:1 16000 4061
69 3392000 1 0.28 3392000 0.70 11967 11966.90 16000 1:1 16000 4033
70 3408000 1 0.28 3408000 0.70 12023 12023.34 16000 1:1 16000 3977
71 3416000 12 3.34 40992000 8.45 144619 12051.57 8000 1:1 96000 -48619
72 3416000 8000 1:2 48000 48000
73 3424000 103 28.69 352672000 72.68 1244220 12079.79 8000 1:1 824000 -420220
74 3424000 8000 52:103 416000 416000
GRAND TOTAL 359 100 48,52,64,000 100 17,12,000 17,12,000 0

The Board of Directors of the Company at its meeting held on February 07, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form. Further, the instructions to SCSBs shall be issued on February 07, 2018 for unblocking of funds. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before February 09, 2018 subjectto receipt of listing and trading approvals from BSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/Sole applicant, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400059
Tel: +91 22 62638200 Fax: +91 22 62638299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com
Investor Grievance Id: ipo@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385

Place: Mumbai, Maharashtra
Date: February 07,2018
For Focus Suites Solutions & Services Limited
On behalf of the Board of Directors
Sd/-
Soniya Singh
Managing Director

Focus Suits Solutions IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Focus Suits Solutions IPO .

The Focus Suits Solutions IPO basis of allotment (published above) tells you how shares are allocated to you in Focus Suits Solutions IPO and category wise demand of IPO share.

Visit the Focus Suits Solutions IPO allotment status page to check the number of shares allocated to your application.

In Focus Suits Solutions IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Focus Suits Solutions IPO basis of allotment document to know how the shares are allocated in Focus Suits Solutions IPO.