Focus Business Solution is an artificial legal entity incorporated in the year 2006 with an objective to recover debts with an advanced debt recovery system feature. It is a financial service company that is engaged in delivering facilities to banks, financial institutions, and NBFCs relating to debt collection. They have entered into an agreement with India’s prominent banks, NBFCs, and financial institutions to act as an authorized agents to collect debts on their behalf.
In order to recover overdue payments on loans, the company has also framed a smart retail collection administrative programme. Moreover, it has 64 well-resourced workstations and from there they can keep a detailed record of the defaulters for due payments.
Let’s have a detailed view of Focus Business Solutions Ltd. IPO:
Promoters of the Company
Mr. Mohamedyaseen Muhammadbhai Nathani and Mr. Mohamedamin Mohammad Nathani are the two promoters of the company.
Issuance of Shares
Issue size: Rs.1.22 crore
Face value: Rs.10
The Objective of the Issuance of Shares
- To meet the working capital requirement of the company.
- To meet issue expenditures.
- To meet general corporate purposes.
IPO Share Price
The price band for the issue is fixed by the company at Rs.19 per equity share.
Retailers Reserved Lot size
Up to 1 lot i.e. 6000 shares which makes a total of Rs.1,14,000 are valid for subscription, in case of retail individual investor.
IPO Opening and Closing date
The Focus Business Solutions IPO is likely to open for subscription on 30th June 2021 and will close on 05th July 2021. The shares are planned to be listed on BSE.
Lot size and Minimum number of shares
Each lot size includes a total of 6000 shares. Therefore, the minimum number of shares to be ordered will be 6000 shares only.
Trendy Analysis
Focus Business Solutions is a prominent company that delivers financial services to the leading Banks, Financial Institutions, and NBFCs to recover their debts. On the basis of financial performance, the company has formed a constant top line since 2018(FY). Therefore, it reflects that the company is in a stable position for the past five years which is a good sign. We will recommend buying for a long-term horizon. Short to medium-term traders should avoid subscribing to this IPO.
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