Focus Business Solutions Limited, which was established in 2006, operates in the debt collection and recovery sector, providing services to banks, financial institutions, and NBFCs. Its approach involves implementing strategic measures to collect overdue payments of loans, credit cards, and other credit facilities from customers with delinquent accounts.
To recover overdue payments on various types of loans such as personal loans, business loans, vehicle loans, loan against properties, 2-wheeler loans, SME loans, gold loans, and others, the company utilizes a smart retail collection administrative program (RCAP). Additionally, it operates a well-equipped call center that consists of 64 workstations to conduct regular follow-ups with defaulters regarding their overdue payments.
Focus Business Solution IPO Details
| IPO Date | Jun 30, 2021 to Jul 5, 2021 |
| Listing Date | Tuesday, July 13, 2021 |
| Face Value | ₹10 per share |
| Price | ₹19 per share |
| Lot Size | 6000 Shares |
| Issue Size | 642,000 shares of ₹10 (aggregating up to ₹1.22 Cr) |
| Market Maker portion | 42,000 shares |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | Mr. Mohamedyaseen Muhammadbhai Nathani and Mr. Mohamedamin Mohammad Nathani are the promoters of the company. |
Focus Business Solution IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Jun 30, 2021 |
| Closing Date | Jul 5, 2021 |
| Basis of Allotment | Jul 8, 2021 |
| Initiation of Refunds | Jul 9, 2021 |
| Credit of Shares to Demat | Jul 12, 2021 |
| Listing Date | Jul 13, 2021 |
Industry Overview
India has significantly lessened absolute poverty since the 2000s. Almost 90 million people were reportedly lifted out of extreme poverty as poverty levels are expected to have decreased from 21.6 percent in 2011 to 13.4 percent in 2015 (at the international poverty line). It has implemented significant reforms in recent years to support economic growth, including the bankruptcy legislation, the GST, which integrates the national market, and several measures to simplify corporate operations.
But, development was already slowing down when the Covid-19 pandemic occurred. This was primarily caused by a confluence of internal problems, such as sluggish growth in rural incomes and balance sheets in the banking and corporate sectors, as well as the slowdown in global commerce.
Company Financials
Summary of financial Information (Restated Consolidated)
| 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 |
Objects of the Issue
- Meet working capital requirements.
- To meet general corporate purposes.
- Meet issue expenditures.
Focus Business Solution IPO Prospectus
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/
Focus Business Solution IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com
Focus Business Solution IPO Lead Manager(s)
- Navigant Corporate Advisors Ltd (Past IPO Performance)
