Focus Business Solution IPO will open for subscription from 30 June 2021. the company aims for an issue size of ₹1.22 Crore through this fixed price issue IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
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 program (RCAP) to recover overdue payments on personal loans, business loans, vehicle loans, loans against properties, 2-wheeler loans, 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.
Objects of the Issue
- For working capital requirements.
- To meet general corporate purposes.
- For issue expenditures.
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.
IPO Tentative Timetable
| IPO Open Date | 30 June 2021 |
| IPO Close Date | 05 July 2021 |
| Basis of Allotment Date | 08 July 2021 |
| Initiation of Refunds | 09 July 2021 |
| The credit of Shares to Demat Account | 12 July 2021 |
| IPO Listing Date | 13 July 2021 |
IPO Details
| 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 |
| Application amount | ₹114,000 |
| Listing At | BSE SME |
| Issue Size | 642,000 Eq Shares of ₹10 (aggregating up to ₹1.22 Cr) |
Company Financials
| 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 |
Company Promoters
- Mr. Mohamedyaseen Muhammadbhai Nathani
- Mr. Mohamedamin Mohammad Nathani
IPO Lead Manager
- Navigant Corporate Advisors Ltd
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
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/
Final thoughts
Focus Business Solution IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing