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 an 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, let’s 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 products designed from Germany and parts imported from China and partly manufactured in India by a company called Shantilal & Bros.
The clientele of the company includes Shopper’s Stop, Raymonds and some other retail chains who have 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 a steady rise from FY 2013 to FY 2016. The company has also performed in the 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 apply for some listing gains as well as for medium to long-term gains