Focus Business Solution IPO

Focus Business Solution IPO (SME) Details

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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 Date30 June 2021
IPO Close Date05 July 2021
Basis of Allotment Date08 July 2021
Initiation of Refunds09 July 2021
The credit of Shares to Demat Account12 July 2021
IPO Listing Date13 July 2021

IPO Details

Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹19 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Application amount₹114,000
Listing AtBSE SME
Issue Size642,000 Eq Shares of ₹10
(aggregating up to ₹1.22 Cr)

Company Financials

ParticularsFor the year/period ended (₹ in lakhs)
Total Assets468.19395.66415.64344.76
Total Revenue799.191,090.731,073.971,023.76
Profit After Tax19.7415.2511.7710.99

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

Company Contact Information

Focus Business Solution Limited
703, Rajhans Complex, Nr. Kadiwala School
Ring Road, Surat, Gujarat-395,002, India
Phone: +91 261 4002823

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

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