Opening Date	June 30, 2021
Closing Date	July 05, 2021
Face Value	Rs. 10 per equity share
IPO Price	Rs. 19 per equity share
Minimum Order Quantity	6,000 equity shares
Issue Size	6,42,000 equity shares (Rs. 1.22 crores)

 

Thanks to an increased retail interest in their IPOs, companies falling under the Small and Medium Enterprises (SME) segment seem to be having the time of their lives. Focus Business Solution Limited, an SME company, is looking to cash in on this positive sentiment through its upcoming IPO. Here’s a more in depth look at a few of the Focus Business Solution Ltd IPO details. 

• About the company 

Incorporated in the state of Gujarat in 2006, Focus Business Solution Limited is a company that’s involved in debt collection and recovery. The clientele of the company include prominent banking institutions, NBFCs, and other financial institutions as well. 

Focus Business Solution Limited possesses a sophisticated electronic debt recovery system that it uses to recover overdue payments on loans and credit cards. When it comes to revenue and net profits, the company seems to be making steady improvements year-on-year. 

• Focus Business Solution Ltd IPO details

Now that you’ve been made aware of the company, here are some key details of the latest IPO including the Focus Business Solution Ltd IPO date and Focus Business Solution Ltd IPO share price. 

• Focus Business Solution Ltd IPO date

The upcoming IPO of the company is scheduled to open up for subscription on June 30, 2021. The closing date of the public issue has also been notified as July 05, 2021. 

• Focus Business Solution Ltd IPO issue size

The total size of the latest IPO of Focus Business Solution Ltd is around 6,42,000 equity shares aggregating up to Rs. 1.22 crores. 

• Focus Business Solution Ltd IPO share price

The issue price of the company’s shares via this IPO is very reasonable, at just Rs. 19 per equity share. Considering the fact that the face value of the company’s shares are Rs. 10 per share, only around Rs. 9 per share would go towards the share premium.   

• Focus Business Solution Ltd IPO listing 

Since the company is an SME, its shares would be listed on the Bombay Stock Exchange’s dedicated SME platform. 

• Focus Business Solution Ltd IPO objectives

The company is looking to use the net proceeds that it receives from the IPO for the following objectives. 

- For meeting working capital requirements

- For meeting general corporate expenses

Conclusion

Want to invest in the Focus Business Solution Ltd IPO, but don’t have an active demat account? Don’t worry. Visit Motilal Oswal to open a demat account online for free.

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With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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