Focus Suits Solutions & Services Ltd is engaged in Market Research company. It is based in Bangalore having a presence across 18 major countries in Asia, Middle East and Latin America. This company offers Fieldwork, Panel Research and primary data collection services to the other Market Research Companies. Focus Suits IPO will be launched soon in BSE SME exchange. Let us go through the draft red herring prospectus and check the Focus Suits IPO date and price and post our Focus Suits Solutions & Services Ltd IPO Review.
About Focus Suits Solutions & Services Ltd IPO :
- IPO Opens on – January 30,2018.
- IPO Closes on – February 1,2018.
- Face Value – Rs 10 Per Equity Share.
- Issue Price – Rs 18 Per Equity Share.
- Issue Type – Fixed Price Issue IPO.
- Market Lot – 8000 shares.
- Minimum Order Quantity – 8000 shares.
- Issue Size – 3,608,000 Equity Shares of Rs 10 aggregating up to Rs 6.49 Cr.
- Listing Exchange – BSE SME Exchange.
- Draft Prospectus – Download.
Objectives of the issue:
- Investment in the subsidiaries POPRSPL and GENPOP to fund their working capital requirement.
- General corporate purpose.
About The Company –
- Focus Suits Solutions & Services Ltd is incorporated in 2017.
- This company is a member of ESOMAR and CASRO.
- The team of project managers of this company is handled the project execution of different fieldwork across various industries like healthcare, automobiles, IT and telecommunications, FMCG, Retail etc.
- This company help their clients and assist them in making strategic decisions in their respective lines of business.
- Focus Suits Solutions & Services Ltd’s team of project managers have, over the years, built considerable expertise in project execution of different fieldwork across various industries like healthcare, automobiles, IT and telecommunications, FMCG, Retail etc.
- A high proportion of the company’s revenues come from foreign markets.
- The services of this company offers Qualitative Fieldwork, Sensorial Fieldwork, Usability Fieldwork, Data Acquisition and Data Analysis.
Promoters of the company :
- Majestic Market Research Support Services Limited.
Name of Shareholders :
- Sandeep Bhatia.
- S.Devi Bala.
- George Paulose.
- R. Nandakumar.
- Praveen Prabhakar.
- Naina Krishna Murthy.
- Shruti Vaid.
Focus Suits Solutions & Services Ltd IPO Review: The financials is a typical example of steady profits over the years. The company has increased profits year on year starting from the financial year 2013 to the financial year 2017. The issue looks quite attractive at the issue price of Rs. 18 per equity share. Hence, our Focus Suits Solutions & Services Ltd IPO Review is NEUTRALLY POSITIVE on this new issue. We feel that both traders looking for listing gains and investors looking for long-term gains may be benefitted from the issue. We recommend to APPLY.
Categories: IPO Review