Focus Business Solution Limited IPO Detail
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.IPO Details
| IPO Opening Date | Jun 30, 2021 |
| IPO Closing Date | Jul 05, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹19 per equity share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹1.22 Cr |
| Fresh Issue | - |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 3.22x | 10.10x | 6.66x |
IPO Tentative Timetable
The Focus Business Solution Limited IPO open date is Jun 30, 2021, and the close date is Jul 05, 2021. The issue may list on Jul 13, 2021.
| IPO Open Date | Jun 30, 2021 |
| IPO Close Date | Jul 05, 2021 |
| Basis of Allotment Date | Jul 08, 2021 |
| Initiation of Refunds | Jul 09, 2021 |
| Credit of Shares to Demat Account | Jul 12, 2021 |
| IPO Listing Date | Jul 13, 2021 |
IPO Lot Size
The Focus Business Solution Limited IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹114000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹114000 |
| Maximum | 1 | 6000 | ₹114000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Dec-20 | 468.19 | 799.19 | 19.74 |
| 31-Mar-20 | 395.66 | 1,090.73 | 15.25 |
| 31-Mar-19 | 415.64 | 1,073.97 | 11.77 |
| 31-Mar-18 | 344.76 | 1,023.76 | 10.99 |
Objects of the Issue:
- Meet working capital requirements.
- To meet general corporate purposes.
- Meet issue expenditures.
