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Focus Business Solution Ltd. IPO Details

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Focus Business Solutions is engaged in the business of debt collection and recovery services for banks, financial institutions, and NBFCs.

Bidding Dates
30 Jun 2021 - 05 Jul 2021
Subscription
6.66x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹1,14,000116000642.0 K₹1971.11 %₹12.2 MRHP DOC

Focus Business IPO SUBSCRIPTION STATUS

05 Jul '21
Total6.66x
Retail Individual Investor10.1x
HNI (NII) Investors3.22x
Qualified Institutional Buyers-

Focus Business IPO overall subscription rate was 6.66 times the total available shares

Focus Business IPO retail subscription rate was 10.1 times in the retail segment

Focus Business IPO non-institutional investor subscription rate was 3.22 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
05 Jul 2021
10.1x3.22x-

Focus Business FINANCIALS

Period Net Profit (Rs in millions) Revenue from operations (Rs in millions) Cash Flow from operations (Rs in millions) Free Cash flow (Rs in millions)
9MFY21 2.0 79.7 7.8 -2.0
FY20 1.5 108.4 -10.2 -13.8
FY19 1.2 106.7 3.3 -1.3
FY18 1.1 101.7 9.8 8.6

Focus Business IPO SUBSCRIPTION STATUS DETAILS

Focus Business had 642.0 K shares on offer

Focus Business IPO offer price was ₹19

Focus Business IPO minimum Investment was ₹114000

Focus Business IPO issue size was ₹ 12.2 M

Focus Business had a minimum lot size of 6000 Shares per application

Focus Business NUMBER OF SHARES ON OFFER

Total642.0 K
Fresh Issue642.0 K
Offer for Sale0
Post Issue Promoter Holding %71.11 %

Focus Business IPO IMPORTANT DATES

Issue Open Date30 Jun 2021
Issue close Date05 Jul 2021
Allotment Date08 Jul 2021
Refund Date09 Jul 2021
Demat Account Credit Date12 Jul 2021
Listing Date13 Jul 2021
Listing on Exchange(s)BSE
Focus Business Allotment StatusExchange

Focus Business IPO subscription opened on 30 Jun 2021, and closed on 05 Jul 2021

IPO allotment for Focus Business was finalized on Thursday, 08 Jul 2021

IPO listing for Focus Business was on BSE on Tuesday, 13 Jul 2021

Focus Business IPO LISTING GAINS

Issue Price (adjusted)6.7
Listing Open Price29.4
Listing Close Price27.9
Listing Gain%54.5%
Current Gain%2819.2%

Focus Business Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Focus Business Solution Ltd.19543.3163.1-2.51.810.69.724.20.80.917.61.2-64.1
Central Mine Planning & Design Institute Ltd.250.117856.426.818.82397.410.1613.2-8.1
Engineers India Ltd.24313657.119.713.52211.84123.227691.619.312.319.3
Qualitek Labs Ltd.438437.129.99.65.412576.814.6131.714.6
Monarch Surveyors and Engineering Consultants Ltd.223.23168.516.113.8176.813.637.26.926.3
Likhami Consulting Ltd.299297.5934.796.63740.70.70.815.90.26.40.39.7

Focus Business INFORMATION ON IPO ISSUE

About Focus Business

Focus Business Solutions is engaged in the business of debt collection and recovery services for banks, financial institutions, and NBFCs.

Object of the Issue

  1. Meet working capital requirements
  2. To meet general corporate purposes
  3. Meet issue expenditures

Focus Business - PROMOTERS

Name
Mohamedyaseen Muhammadbhai Nathani
Mohamedamin Mohammad Nathani

Focus Business Lead Manager to the Issue

Navigant Corporate Advisors Limited

navigant@navigantcorp.com

Focus Business Registrar to the Offer

Purva Sharegistry (India) Pvt. Ltd

support@purvashare.com

Focus Business Strengths

Established operations and proven track record

The company has established operations and, in the past, has successfully served a varied range of clienteles

Strength

Robust technological infrastructure

The company has a robust electronic retail collection administrative program (RCAP)

Strength

Diversified and uality Service

Services range from address tracking, follow-up with borrowers, collection of payments, parking of a repossessed vehicle at the yard, updating visit/calling feedback, updating collected payments details, providing right and correct information to customers, and helping them to understand the overdue statement

Strength

Focus Business Risks

Dependent on management team

The company is dependent on its management team for success whose loss could seriously impair the ability to continue to manage and expand the business efficiently

Risk

Intense competition

Debt collection industry in India is highly fragmented with presence of many regional, local and unorganized sector players

Risk

IPO FAQs

  • Focus Business Solution Ltd. IPO listing opened at Rs 29.35 while the issue price was Rs 19.00 giving 54.47% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 6.68 giving 2819.16% gains since its IPO listing.

  • The promoters of the company are Mohamedyaseen Muhammadbhai Nathani and Mohamedamin Mohammad Nathani.

  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.

  • The price band of the IPO is Rs 19.0 - 19.0.

  • The IPO application opens on Jun 30, 2021 and closes on Jul 05, 2021.

  • The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.

  • For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 114,000.0.

  • This IPO will be allotted on Jul 08, 2021.

  • The refund will be credited to your account on Jul 09, 2021.

  • The allotted shares will be credited to your demat on Jul 12, 2021.

  • Focus Business Solution Ltd.’s shares listed on the stock exchanges on Jul 13, 2021.