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

June 30, 2021 - July 5, 2021

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.

Focus Business Solution IPO Details

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 Size642,000 shares
(aggregating up to ₹1.22 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion42,000 shares

Focus Business Solution IPO Reservation

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 Offered42,000 (6.54%)
Other Shares Offered300,000 (46.73%)
Retail Shares Offered300,000 (46.73%)
Total Shares Offered642,000 (100%)

Focus Business Solution IPO Timeline (Tentative Schedule)

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

Focus Business Solution IPO Lot Size

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

Focus Business Solution IPO Promoter Holding

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

Share Holding Pre Issue 100%
Share Holding Post Issue

About Focus Business Solution Limited

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 (Focus Business Solution IPO Objectives)

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

Focus Business Solution IPO Review (May apply)

[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...


Focus Business Solution IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other3.22
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 Details

Listing Date July 13, 2021
BSE Script Code 543312
NSE Symbol
ISIN INE0DXR01010
Final Issue Price ₹19 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹19.00
₹29.35
₹27.90
₹29.35
₹27.90

Check IPO Performance…

Focus Business Solution Limited Contact Details

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: https://www.purvashare.com/investor-service/ipo-query

Focus Business Solution IPO - Buy or Not

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 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

  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 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.

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

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34 Comments

14. IPOANALYSIS |   Link |  Bookmark |July 10, 2021 1:28:55 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 |  Bookmark |August 12, 2021 12:29:43 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 |  Bookmark |August 16, 2021 12:34:38 PM
Akmp mission accomplished. powergrid INvit at 125
13. IPOANALYSIS |   Link |  Bookmark |July 13, 2021 9:22:34 AM
All fixed allotment as well as listing .anyway write to SEBI as all shares were internally sidelined
13.1. Deepakkumar |   Link |  Bookmark |July 13, 2021 11:50:08 AM (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 |  Bookmark |July 13, 2021 12:44:43 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 |  Bookmark |July 4, 2021 11:44:28 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
P/E at16x looks over-valued to me....
10. DBJ |   Link |  Bookmark |July 3, 2021 10:08:19 AM
IPO Guru IPO Guru (1300 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 |  Bookmark |July 4, 2021 4:38:39 PM (200+ Posts)
@ traderji, Mr. Lekker (DBJ) bhi expert hi hain. Unki baat to sun lo.
10.3. DBJ |   Link |  Bookmark |July 4, 2021 9:29:44 PM
IPO Guru IPO Guru (1300 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 |  Bookmark |July 2, 2021 12:47:38 PM
can anyone send me bsesme link of subscription details
8. traderji |   Link |  Bookmark |July 1, 2021 3:56:36 PM
why subscription details not show.
7. Hanumantha Rao |   Link |  Bookmark |July 1, 2021 12:37:32 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 |  Bookmark |July 1, 2021 10:38:05 AM
Is it good for apply?
5. IM AK |   Link |  Bookmark |June 25, 2021 8:11:49 PM
Any update on this issue

Please suggested IPO mentors
5.1. Deepakkumar |   Link |  Bookmark |June 26, 2021 9:04:48 AM (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 |  Bookmark |June 30, 2021 10:57:17 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 |  Bookmark |June 28, 2021 8:07:29 PM
Valid Sheikh is company agent trying to promote this here
4.1. Deepakkumar |   Link |  Bookmark |June 28, 2021 8:21:22 PM (200+ Posts)
It is so obvious. 😂
3. MAHADEVAN KS |   Link |  Bookmark |June 25, 2021 7:43:37 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 |  Bookmark |June 27, 2021 2:12:47 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 |  Bookmark |June 27, 2021 2:05:22 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 |  Bookmark |June 25, 2021 11:50:55 PM
IPO Guru IPO Guru (1300+ Posts, 500+ 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.