Focus Business Solution IPO Details
Focus Business Solution IPO description – Focus Business Solution is engaged in the business of debt collection services for Banks, NBFC and financial institutions. The company enters into agreements with banks, financial institutions and non-banking financial companies to act as authorised recovery/collection agents on behalf of them. The company also repossesses vehicles or other hypothecated assets on the request of its clients, in case defaulting borrowers unable to repay of its loan overdues.
The company focuses strategically timed action based on aging of delinquent account with emphasis of traditional methods such as tele-calling and field visits. In occasional cases, it needs to trace the new address and contact details of borrowers as delinquent borrowers may relocate their address.
The company has fully equipped call centre with 64 work stations along with call recording, dialler and CRM facility. It has staff strength of 551 which includes 58 staff on its payroll and 493 staff hired on contractual basis.
Promoters of Focus Business Solution – Mr Mohamedyaseen Muhammadbhai Nathani and Mr Mohamedamin Mohammad Nathani
| Focus Business Solution IPO details | |
| Subscription Dates | 30 June – 5 July 2021 |
| Price Band | INR19 per share |
| Fresh issue | 642,000 shares (INR1.22 crore) |
| Offer For Sale | Nil |
| Total IPO size | 642,000 shares (INR1.22 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Focus Business Solution financial performance (in INR lakhs)
| Â | FY2018 | FY2019 | FY2020 | 9M FY2021 |
| Revenue | 1,023.76 | 1,073.97 | 1,090.73 | 799.19 |
| Expenses | 1,008.35 | 1,056.69 | 1,069.57 | 774.43 |
| Net income | 10.99 | 11.77 | 15.25 | 19.74 |
| Net margin (%) | 1.1 | 1.1 | 1.4 | 2.5 |
Registrar of Focus Business Solution IPO
Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011Â
Phone: +91 22 2301 2518
Email:Â [email protected]
Website: www.purvashare.com
Valuation of Focus Business Solution IPO (FY2020)
Earnings Per Share (EPS): INR2.88
Price/Earnings (PE ratio): 6.60
Return on Net Worth (RONW): 7.09%
Net Asset Value (NAV): INR27.22 per share
Focus Business Solution IPO Subscription Details
| Day |
Subscription (no. of times) |
| Day 1 |
1.82 |
| Day 2 |
2.51 |
| Day 3 |
4.21 |
| Day 4 |
6.66 |
| Â | Â |
Focus Business Solution Contact Details
Focus Business Solution Limited
703, Rajhans Complex,
Nr. Kadiwala School, Ring Road,
Surat, Gujarat-395002
Phone: +91 261 4002823
Email: [email protected] Website: www.focusbsl.com
Focus Business Solution IPO Allotment Status
Focus Business Solution IPO allotment status is now available on Purva Sharegistry’s website. Click on this link to get allotment status.Â
Listing Performance of Focus Business Solution
IPO Opening Date: 30 June 2021
IPO Closing Date: 5 July 2021
Finalisation of Basis of Allotment: 8 July 2021
Initiation of refunds: 9 July 2021Â
Transfer of shares to demat accounts: 12 July 2021Â
Listing Date: 13 July 2021Â
Opening Price on BSE SME: INR29.35 per share (up 54.47% from IPO price)
Closing Price on BSE SME: INR27.90 per share (up 46.84% from IPO price)
Focus is bogus! Share price was pumped up and now coming down