Focus Lighting And Fixtures Ltd IPO Review – Decent Gains Expected
The latest on the IPO bandwagon Focus Lighting & Fixtures Pvt Ltd is coming up with their IPO. In this post I will discuss the Focus Lighting And Fixtures Ltd IPO Review and will try to find out your investment opportunities in the counter.
Issue Date: March 30, 2017 – April 5, 2017
Face Value: Rs. 10
Premium: Rs. 35
Offer Price: Rs. 45 per equity share
Minimum Application: 3000 equity shares
Retail Size: 852000 equity shares
The object of the IPO is to meet working capital needs of the company.
This company is a NSE SME company. What do you mean by SME? SME stands for SMALL AND MEDIUM SIZED ENTERPRISE. The exchange tags companies as SME who has high growth potential and whose paid up capital is below 25 crores.
Now lets check what the company does. Focus Lighting is a company manufacturing hanging lights, ambient light, T5 LED tubes, peripheral lights etc. The company started their operation way back in 2005 and the promoters are Shri Amit Vinod Seth and Smt Dipali Amit Seth. Focus Lighting gets their profucts designed from Germany and partly importedd from China and partly manufactured in India by a company called Shantilal & Bros.
The clientelle of the company includes Shopper’s Stop, Raymonds and some other retail chains who has decorated their establishments with Focus Lighting products.
Now a quick look at the companies financial data:
It has been seen that both the turnover and profits of the company is on steady rise from FY 2013 to FY 2016. The company has also performed in line of the previous year in the first half of FY 2017 and has made a profit of Rs. 1.52 crores in the first 6 months.
So in the Focus Lighting And Fixtures Ltd IPO Review I suggest my readers to apply for some listing gains as well as for medium to long term gains
Indrajit is a professional blogger and Trading System developer, Amibroker expert, Wordpress expert, SEO expert and Stock market analyst. Trading since 2000, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.