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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 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 Date Jun 30, 2021 to Jul 5, 2021
Listing Date Tuesday, July 13, 2021
Face Value ₹10 per share
Price ₹19 per share
Lot Size 6000 Shares
Issue Size642,000 shares of ₹10
(aggregating up to ₹1.22 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

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

Focus Business Solution IPO Tentative Timetable

Focus Business Solution IPO opens on Jun 30, 2021, and closes on Jul 5, 2021. The Focus Business Solution IPO bid date is from Jun 30, 2021 10.00 A.M. to Jul 5, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jun 30, 2021
Closing Date Jul 5, 2021
Basis of Allotment Jul 8, 2021
Initiation of Refunds Jul 9, 2021
Credit of Shares to Demat Jul 12, 2021
Listing Date Jul 13, 2021

Focus Business Solution IPO Lot Size

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

Application Lots Shares Amount
Retail (Min) 1 6000 ₹114,000
Retail (Max) 1 6000 ₹114,000

Focus Business Solution IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding

Focus Business Solution IPO Review

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...


Focus Business Solution IPO Subscription Status (Bidding Detail)

The Focus Business Solution IPO is subscribed 6.66 times on Jul 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)

CategorySubscription (times)
NII3.22
Retail10.10
Total6.66

Focus Business Solution IPO Prospectus

Focus Business Solution IPO Rating

73
2.6
Rating:Rated 2.6 stars
Vote Here ...

Focus Business Solution IPO Listing Date

Listing Date Tuesday, July 13, 2021
BSE Script Code 543312
NSE Symbol
Listing In MT Group of Securities
ISIN INE0DXR01010
IPO Price ₹19 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹19.00
₹29.35
₹27.90
₹29.35
₹27.90

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

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

Focus Business Solution IPO Review

Focus Business Solution IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Focus Business Solution IPO FAQs

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 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.

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.

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

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

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.

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.

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

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34 Comments

14. IPOANALYSIS |   Link |Jul 10, 2021 2:28:55 PM
Applied for 3 units and still not alloted. This shows its all manipulated allotment to insider. Anyone alloted. It seems there is only insider allotment. I applied 5 names and 3 times and none alloted .it''s clearly faulty alotment. Please complain to SEBI
14.11. IPOANALYSIS |   Link |Aug 12, 2021 1:29:43 PM
AKMP did u check powergrid Invt reached 123 in 4 months of listing . So as per u it won''t go up 2 rs in 32 years. Lol. I had good laugh today.
14.12. IPOANALYSIS |   Link |Aug 16, 2021 1:34:38 PM
Akmp mission accomplished. powergrid INvit at 125
13. IPOANALYSIS |   Link |Jul 13, 2021 10:22:34 AM
All fixed allotment as well as listing .anyway write to SEBI as all shares were internally sidelined
13.1. Deepakkumar |   Link |Jul 13, 2021 12:50:08 PM
Top Contributor Top Contributor (200+ Posts)
Only 2 lot traded with/after spectacular listing. Now no buyer at lower circuit.
Inferences:-
1.Why take pain to apply in these type of IPO?
2.These type of IPOs give only learning lesson for peoples.
12. IPOANALYSIS |   Link |Jul 13, 2021 1:44:43 AM
Out of total ipo proceed 1.20 cr LM is getting 22 lakh which is big amount and company less than 1 cr which is peanuts. What was use of coming with IPO
11. Sarthak Deshmukh |   Link |Jul 5, 2021 12:44:28 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
P/E at16x looks over-valued to me....
10. DBJ |   Link |Jul 3, 2021 11:08:19 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)

As per subscription BSE data
RII already subscribed 12,90,000 shares , 300000 reserved for RII so RII subscribed 4.3X
HNI already subscribed 282000, HNI subscribtion around 0.94X

Issue size 642000 from this 42000 are already subscribed/reserved for market maker
RII + HNI = 300000 + 300000 = 600000

In short below is subscription
RII 4.3 Times
NII 0.94 Times

Risk reward ratio in this IPO is good, risk takers can apply it may reward you.
But LM record is not so much interesting so listing might happen at flat.

Below is subscription link

https://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_FPO.aspx?Scripcode=5451

10.2. Deepakkumar |   Link |Jul 4, 2021 5:38:39 PM
Top Contributor Top Contributor (200+ Posts)
@ traderji, Mr. Lekker (DBJ) bhi expert hi hain. Unki baat to sun lo.
10.3. DBJ |   Link |Jul 4, 2021 10:29:44 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
traderji,
You can read RHP page no 41, there is no QIB reservation, but market maker reservation is there for 42000 shares which are already showing bidden as per BSE subscription data.

Non retail + Retail = 300000 + 300000 = total 600000.

I don''t apply in SME IPO, in this SME also i am not going to apply. As I have not been in the market for more than 5 years, I try to learn about the market by reading stuff, if i understand correctly then i comment.

Rajakumar Sir, he is the master of mainline IPOs as well SME IPOs, more than 3 decades of experience, and his risk taking appetite is far more than small people like me.

I only apply when SME company fundamentals are good.
In the past very few SME i had applied to, like EKI Energy (not allotted), Marine Electricals, AAA technology, GIAN life, Par Drugs, and few 2-3 more Pantomath issues don''t remember the names :),
God is great !!!
SMEs are very risky businesses.
9. traderji |   Link |Jul 2, 2021 1:47:38 PM
can anyone send me bsesme link of subscription details
8. traderji |   Link |Jul 1, 2021 4:56:36 PM
why subscription details not show.
7. Hanumantha Rao |   Link |Jul 1, 2021 1:37:32 PM
I think banks are planning to go for Bad bank where they can park their NPAs, so this will impact this company bussiness. so may be becuase of that it is not subscribed as of now, may be last days it will get subscription.

please read DRHP before investing or applying.
6. ANSAR ALIKUNJU |   Link |Jul 1, 2021 11:38:05 AM
Is it good for apply?
5. IM AK |   Link |Jun 25, 2021 9:11:49 PM
Any update on this issue

Please suggested IPO mentors
5.1. Deepakkumar |   Link |Jun 26, 2021 10:04:48 AM
Top Contributor Top Contributor (200+ Posts)
I am not a mentor but my advice is this IPO is non-investment grade due to very small size, chance of being stuck forever is very high. There may not be any buyer on discount.
5.2. Chaheta |   Link |Jun 30, 2021 11:57:17 AM
@Deepakkumar - I would say, don''t worry about it and invest with full force. It money is stuck, so what...Maybe you can hire them to get your money back once the company is listed.
hahahahhhaaha
4. IPOANALYSIS |   Link |Jun 28, 2021 9:07:29 PM
Valid Sheikh is company agent trying to promote this here
4.1. Deepakkumar |   Link |Jun 28, 2021 9:21:22 PM
Top Contributor Top Contributor (200+ Posts)
It is so obvious. 😂
3. MAHADEVAN KS |   Link |Jun 25, 2021 8:43:37 PM
This issue seems to be a different one focusing on debit recovery for clients. Being small equity base, listing gain is possible. But difficult to get allotment.
3.1. VAJID B SHAIKH |   Link |Jun 27, 2021 3:12:47 PM
debt recovery and portfolio management, Servicing for all major Pvt Banks and NBFC, strong client base, huge market.
IPO size is small means no need of money but target is Public listing.
Strong book value, looks Bonus candidate after listing.
Allotment is concern 😟
2. VAJID B SHAIKH |   Link |Jun 27, 2021 3:05:22 PM
Interesting and Different industry, debt recovery and portfolio management.
Servicing for all major Pvt Banks and NBFC, strong client base, huge market and very very less competition.
IPO size is small means no need of money but target is Public listing.
Strong book value, looks Bonus candidate after listing.
Good Investment
1. Dinesh Singh |   Link |Jun 26, 2021 12:50:55 AM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Please see the listing of Abhishek and Navoday.
No buyer and discount listing of 30%.
Please dont believe in SME IPO. Promoter will run away with your money.