media

Markets

Market Nav

News Details

25/06/2021 11:50

Focus Business Solut announces launch of initial public offering

Focus Business Solution Ltd. has announced public offering of 642000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 9.00 per share. The gross proceeds of the issue are expected to be Rs 121.98 lakhs.

The company's initial public offer (IPO) will open on 30 June 2021 and is expected to close on 05 July 2021, subject to customary closing conditions.

The IPO includes a fresh Issue of 642000 Equity Shares of the Company at an price of Rs 19.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.

Focus Business Solution Ltd. anticipates using the proceeds of the issue for .

NAVIGANT CORPORATE ADVISORS LIMITED as lead manager & PURVA SHAREGISTRY INDIA PVT LTD. is the registrar, to the issue.