Focus Business Solution IPO: Issue Price, GMP, Size & Dates

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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. 
Agarwal Float Glass IPO: GMP, Price, Size & Dates

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

Focus Business Solution IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

Focus Business Solution IPO Lead Manager(s)

  1. Navigant Corporate Advisors Ltd (Past IPO Performance)


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