Focus Business Solution IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Focus Business Solution IPO release date, IPO offer price, subscription, Focus Business Solution Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 19 |
| Listing At | BSE SME |
| Min. Order Quantity | 6000 Shares |
| Listing Date | 6000 Shares |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 121.98 Lakh |
| Tick Size | 1 |
Focus Business Solution IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Focus Business Solution Share Price |
Focus Business Solution IPO – Summary
Their Company was originally incorporated at Gujarat as “Focus Business Solution Private Limited” on 10th November 2006 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Dadra, and Nagar Haveli.
Consequently, upon the conversion of their Company into a public limited company, the name of their Company was changed to “Focus Business Solution Limited” vide fresh Certificate of Incorporation dated 24th March 2020 issued by the Registrar of Companies, Ahmedabad, Gujarat.
The Promoter of this company is MR. MOHAMEDYASEEN MUHAMMADBHAI NATHANI AND MR. MOHAMEDAMIN MOHAMMAD NATHANI. The lead manager to the issue is NAVIGANT CORPORATE ADVISORS LIMITED, and the Registrar to this issue is PURVA SHAREGISTRY (INDIA) PVT. LTD.
Focus Business Solution IPO Date
The opening and the closing date of the IPO of Focus Business Solution Limited are Jun 30, 2021, and Jul 5, 2021.
Focus Business Solution IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 5 July | 3.22x | 10.10x | 6.66x |
| 2nd Day | |||
| 3rd Day | |||
| Shares Offered or Net Issue | 300,000 | 300,000 | 600,000 |
The shares subscribed by the public will be updated here.
Focus Business Solution IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Focus Business IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jul 8, 2021 |
| Refunds Initiation | Jul 9, 2021 |
| Credit of Shares to Demat Account | Jul 12, 2021 |
| Share Listing Date | Jul 13, 2021 |
Focus Business Solution IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.19
Focus Business Solution IPO Equity Size
This Initial Public Issue of 6,42,000 Equity Shares of Rs.10 each for cash at a price of Rs.19 per equity share aggregating to Rs.121.98 Lakh.
Focus Business Solution IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakh
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Focus Business Solution IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Focus Business Solution Share Price |
Focus Business Solution IPO Grey Market Premium
The Focus Business Solution Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Focus Business Solution IPO – Company Overview
They have been evolved as a financial services company and are engaged in the business of debt collection services for Banks, NBFC, and financial institutions. Also, They enter an agreement with India’s leading banks, financial institutions, and non-banking financial companies to act as authorized recovery/collection agents on their behalf.
They focus strategically timed action based on the aging of delinquent accounts with an emphasis on traditional methods such as tele-calling and field visits. Also, They deploy their manpower to visit and collect overdue payments of loans/credit cards/credit facilities advanced to borrowers by their clients, who engage with them in service agreements.
In occasional cases, they need to trace the new address and contact details of borrowers as delinquent borrowers may relocate their address. They through their call center also do follow-ups over telecalls, to the defaulters for overdue payments. They have a fully equipped call center with 64 (sixty-four) work station along with a call recording, dialler, and CRM facility
Focus Business Solution IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | 468.19 | 395.66 | 415.64 | 344.76 |
| *Total Revenue | 799.19 | 1090.73 | 1073.97 | 1023.76 |
| Total Expense | 774.43 | 1069.57 | 1056.69 | 1008.35 |
| Profit After Tax | 19.74 | 15.25 | 11.77 | 10.99 |
Earnings per Equity Share (in Lakh)
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 2.50 | 2.88 | 2.13 | 1.99 |
Focus Business Solution IPO – Promoters
The Promoter of this company is:
- MR. MOHAMEDYASEEN MUHAMMADBHAI NATHANI
- MR. MOHAMEDAMIN MOHAMMAD NATHANI
List of Related Parties (Key Managerial Personnel)
- Mr. Mohamedyaseen Muhammadbhai Nathani, Managing Director
- Mr. Mohamedamin Mohammad Nathani, Whole Time Director
- Pareshkumar Arjanbhai Patel, Independent Director
- Mr. Tushar Mohanlal Mistry, Independent Director
- Ms. Saba Banu Bawani, Independent Director
Focus Business IPO – Promoters Holding
- Pre Issue Share Holding – %
- Post Issue Share Holding – %
Focus Business IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,42,000 Equity Shares aggregating up to Rs.121.98 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 42,000 Equity Shares aggregating up to Rs.7.98 Lakh |
| Net Issue to the Public | Up to 6,00,000 Equity Shares aggregating up to Rs.114 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,00,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,00,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 15,80,000 Equity Shares |
| Equity Shares outstanding after the Issue | 22,22,000 Equity Shares |
Focus Business Solution IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To part finance working capital requirements of the Company
2. To meet General corporate purposes
3. Meet the expenses of the Issue
Focus Business IPO – Business Strategy
- Focus on existing clients and increasing client base across new geographies.
- Emphasizing providing value-added services
- Continuous feedback from clients
- Adaption of latest technologies
Focus Business IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and a well-trained employee base
- Established Operations and proven track record
- Robust Technological Infrastructure
- Diversified and Quality Services
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | 2.88 | 7.09 | 27.22 |
| 31-Mar-19 | 2.13 | 23.66 | – |
| Mar-18 | 1.99 | 28.93 | – |
Focus Business Solution IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Focus Business Solution Limited (FY 2019-20) | 10 | 6.60 | 2.88 | 7.09 | 15.25 |
| Focus Business Solution Limited (Nine Months ended on 31st December, 2020) |
10 | 7.60 | 2.50 | 8.41 | 19.74 |
Focus Business IPO Lead Managers
| Lead Managers |
| NAVIGANT CORPORATE ADVISORS LIMITED 423, A Wing, Bonanza, Sahar Plaza Complex, J B Nagar, Andheri Kurla Road, Andheri East, Mumbai-400 059 Tel No. +91-22-4120 4837/4973 5078 Email Id- navigant@navigantcorp.com Investor Grievance Email: info@navigantcorp.com Website: www.navigantcorp.com SEBI Registration Number: INM000012243 Contact Person: Mr. Vikas Chhangani |
Focus Business Solution IPO Registrar to offer
| Registrar to the Offer |
| PURVA SHAREGISTRY (INDIA) PVT. LTD Unit No. 9, Shiv Shakti Industrial Estate, J.R. Boricha Marg, Opp. Kasturba Hospital Lane, Lower Parel (E),Mumbai,Maharashtra,400011 Tel No.: +91 22 2301 6761 / 2301 2518 Website: www.purvashare.com E-mail ID: support@purvashare.com SEBI Registration No: INR000001112 Contact Person: Mr. Rajesh Shah/Ms. Purva Shah/Ms. Deepali Dhuri |
Focus Business IPO – Other Details
- Statutory Auditor – M/s. Kansariwala & Chevli, Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
Focus Business IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Focus Business Solution Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Focus Business Solution IPO Review FAQs
What is the Issue Size of Focus Business IPO?
The Company is making an initial public offer of 6,42,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Focus Business IPO?
The price band for this particular IPO ranges Rs. 19. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Focus Business IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jun 30, 2021, while the closing date is set at Jul 5, 2021.
What is the Focus Business IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jul 8, 2021, refund initiation is on Jul 9, 2021, credit of shares is on Jul 12, 2021, and share listing date is on Jul 13, 2021.
What is the Focus Business Solution IPO Listing Date?
Shares of this company shall be listed in the exchanges Jul 13, 2021. The date, when the listing would be done, is stagnant on Jul 13, 2021.
Who is the Registrar of Focus Business IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHAREGISTRY (INDIA) PVT. LTD. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Focus Business IPO?
Here are the promoters of this IPO – MR. MOHAMEDYASEEN MUHAMMADBHAI NATHANI AND MR. MOHAMEDAMIN MOHAMMAD NATHANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Focus Business IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Focus Business IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Focus Business?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 15.25, 2019 is 11.77, 2018 is 10.99. PAT from Dec 2020 is 19.74.
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