Focus Business Solution Limited IPO (Focus Business Solution IPO) Detail

Jun 30, 2021 - Jul 5, 2021

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

  • Smart electronic debt recovery system.
  • Scalable and robust technological infrastructure.
  • Branches all over the country i.e. Vapi, Anand, Ahemdabad, Rajkot, Palanpur, etc.
  • Experienced team of promoters and employees.

Company Promoters:

Mr. Mohamedyaseen Muhammadbhai Nathani and Mr. Mohamedamin Mohammad Nathani are the promoters of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • Meet working capital requirements.
  • To meet general corporate purposes.
  • Meet issue expenditures.

Focus Business Solution IPO Details

IPO Opening DateJun 30, 2021
IPO Closing DateJul 5, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹19 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME
Issue Size642,000 Eq Shares of ₹10
(aggregating up to ₹1.22 Cr)

Focus Business Solution IPO Tentative Timetable

The Focus Business Solution IPO open date is Jun 30, 2021, and the close date is Jul 5, 2021. The issue may list on Jul 13, 2021.

IPO Open DateJun 30, 2021
IPO Close DateJul 5, 2021
Basis of Allotment DateJul 8, 2021
Initiation of RefundsJul 9, 2021
Credit of Shares to Demat AccountJul 12, 2021
IPO Listing DateJul 13, 2021

Focus Business Solution IPO Lot Size

The Focus Business Solution IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹114,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹114,000
Maximum16000₹114,000

Focus Business Solution IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding

Focus Business Solution IPO Subscription Status (Bidding Detail)

The Focus Business Solution IPO is subscribed 6.66x times on Jul 5, 2021 09:50. The public issue subscribed 10.10x in the retail category, in the QIB category, and 3.22x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
NII

3.22x

RII

10.10x

Total

6.66x

Focus Business Solution IPO Prospectus

Focus Business Solution IPO Rating

73
2.6
Rating:Rated 2.6 stars

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Focus Business Solution IPO Listing Date

Listing DateTuesday, July 13, 2021
BSE Script Code543312
NSE Symbol
Listing InMT Group of Securities
ISININE0DXR01010
IPO Price₹19 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹19.00
₹29.35
₹27.90
₹29.35
₹27.90
18,000

Focus Business Solution IPO Reviews / Ratings

Company Contact Information

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/

Focus Business Solution IPO Registrar

Purva Sharegistry India Pvt Ltd
   9, Shiv Shakti Industrial Estate,
   JR Borica Marg,
   Lower Parel (East), Mumbai - 400 011

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com

Focus Business Solution IPO Lead Manager(s)

Focus Business Solution IPO FAQs

  1. What is Focus Business Solution IPO?

    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 equity share. The minimum order quantity is 6000 Shares.

    The IPO opens on Jun 30, 2021, and closes on Jul 5, 2021.

    Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

  2. How to apply in Focus Business Solution IPO through Zerodha?

    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

    1. Visit the Zerodha website and login to Console.
    2. Go to Portfolio and click the IPOs link.
    3. Go to the 'Focus Business Solution IPO' row and click the 'Bid' button.
    4. Enter your UPI ID, Quantity, and Price.
    5. ‘Submit’ IPO application form.
    6. Visit the UPI App (net banking or BHIM) to approve the mandate.

    Visit Zerodha IPO Application Process Review for more detail.

  3. When Focus Business Solution IPO will open?

    The Focus Business Solution IPO opens on Jun 30, 2021 and closes on Jul 5, 2021.

  4. What is the lot size of Focus Business Solution IPO?

    Focus Business Solution IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

  5. How to apply for Focus Business Solution IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  6. When Focus Business Solution IPO allotment?

    The finalization of Basis of Allotment for Focus Business Solution IPO will be done on Jul 8, 2021, and the allotted shares will be credited to your demat account by Jul 12, 2021. Check the Focus Business Solution IPO allotment status.

  7. When is Focus Business Solution IPO listing date?

    The Focus Business Solution IPO listing date is on Tuesday, July 13, 2021.

Focus Business Solution IPO Message Board

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