Basis of Allotment

(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOF A PROSPECTUS ANNOUNCEMENT. NOF FOR DISTRIBUTION OUTSIDE INDIA.)

wpeA6.jpg (2161 bytes) FOCUS BUSINESS SOLUTION LIMITED
CIN: U74140GJ2006PLC049345

Our Company was originally incorporated as 'Focus Business Solution Private Limited' on November 10, 2006 at Surat, Gujarat as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 10, 2006 Issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Consequent upon the conversion of our Company to public limited company, the name of our Company has been changed to 'Focus Business Solution Limited' vide fresh Certificate of Incorporation dated March 24, 2020 issued by the Registrar of Companies, Ahmedabad. For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Corporate Structure" beginning on pages 47 and page 124 respectively of the Prospectus.

Registered Office: 703, Rajhans Complex, Nr. Kadiwala School, Ring Road, Surat, Gujarat-395,002, India.
Tel: +91 261 4002823 / 4003823 / 4004823; Email: focusbsl2006@gmail.com; Website: www.focusbsl.com;
Contact Person: Ms. Radha Rameshbhai Gohil, Company Secretary and Compliance Officer
PROMOFERS OF OUR COMPANY:
MR. MOHAMEDYASEEN MUHAMMADBHAI NATHANI AND MR. MOHAMEDAMIN MOHAMMAD NATHANI
BASIS OF ALLOFMENT

INITIAL PUBLIC ISSUE OF 6,42,000 EQUITY SHARES OF A FACE VALUE OF RS. 10/- EACH (THE "EQUITY SHARES") OF FOCUS BUSINESS SOLUTION LIMITED ("OUR COMPANY" OR "FOCUS" OR "FBSL" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 19/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 9/- PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 121.98 LAKHS ("THE ISSUE") OF WHICH UPTO 42,000 EQUITY SHARES AT AN ISSUE PRICE OF RS. 19 PER EQUITY SHARE AGGREGATING TO RS. 7.98 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF UPTO 6,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 19 PER EQUITY SHARE AGGREGATING TO RS. 114.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTES 28.89% and 27.00%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 19/- EACH I.E. 1.90 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: JUNE 30, 2021 AND ISSUE CLOSED ON: JULY 05, 2021

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval from BSE for the listing of the Equity Shares pursuant to letter dated June 18, 2021. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on July 13, 2021 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allofment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allofment to Individual Applicants ofher than Retail Individual Investors and ofher Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allofted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the ofher categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter- se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All pofential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process Including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs, in case of Rlls, if applicable, which will be blocked by the Self Certified Syndicate Banks ("SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 541 applications for 40,02,000 Equity Shares resulting 6.23 times subscriptions. Out of which 64 applications for 5,94,000 Equity Shares were nof banked hence net 477 applications for 34,08,000 Equity Shares resulting in 5.31 times subscription has been considered. The details of the applications received in the Issue (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

CATEGORY Before Technical Rejections & Withdrawals Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Investors 444 26,64,000 20 1,20,000 424 25,44,000
Ofher than Retail Investors 32 7,02,000 4 48,000 28 6,54,000
Market Makers 1 42,000 - - 1 42,000
Tofal 477 34,08,000 24 1,68,000 453 32,40,000

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 5,34,000 Equity Shares in other than Retail Investors & over subscription of 20,64,000 Equity Shares in Retail Individual Investors. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on July 08, 2021.

A)   Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 19 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 42,000 Equity Shares in full out of reserved portion of 42,000 Equity Shares.
B)   Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 19 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 4,80,000 Equity Shares. The category was subscribed by 5.30 times. The category-wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Applied in Each Category % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
6,000 424 100.00 25,44,000 100 00 6,000 10:53 4,80,000
Total 424 100.00 25,44,000 100.00 4,80,000
C)   Allocation to Other than Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Other than Retails Category, at the Issue Price of Rs. 19 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 1,20,000 Equity Shares. The category was subscribed by 5.45 times. The category-wise details of the Basis of Allotment are as under:
No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Applied in Each Category % to Total Allocation per Applicant Ratio of Allottees to the Applicant Total No. of Shares Allotted
12,000 17 60.71 2,04,000 31.19 6,000 6:17 36,000
18,000 1 3.57 18,000 2.75 6,000 1:1 6,000
30,000 4 14.29 1,20,000 18 35 6,000 3:4 18,000
36,000 1 3.57 36,000 5.50 6,000 1:1 6,000
42.000 1 3.57 42,000 6.42 6,000 1:1 6,000
54,000 1 3.57 54,000 826 12,000 1:1 12,000
60,000 3 10.71 1,80,000 27.52 12,000 1:1 36,000
Total 28 100.00 6,54,000 100.00 1,20,000

The Board of Directors of the Company at its meeting held on July 08, 2021, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before July 12, 2021. Further, the instructions to Self Certified Syndicate Banks will be processed on or before July 09, 2021 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on July 13, 2021 subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 22, 2021 ("Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue. Purva Sharegistry (India) Private Limited at Website: www.purvashare.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole Applicant Serial number of the Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

wpeA7.jpg (1494 bytes) Purva Sharegistry (India) Private Limited
Unit no 9. Shiv Shakti Ind Estt., J R. Boricha Marg, Opp, Kasturba Hospital Lane, Lower Parel (E), Mumbai - 400011
Tel. No.: +91 22-23012518 / 8261 Fax No.: +91 22 2301 2517 E-mail: support@purvashare.com Investor Grievance Email: support@purvashare.com Website: www.purvashare.com
For Focus Business Solution Limited
On Behalf of the Board of Directors
Sd/-
Place: Surat Mr. Mohamedyaseen Muhammadbhai Nathani
Date : July 09, 2021 Managing Director

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF FOCUS BUSINESS SOLUTION LIMITED

FOCUS BUSINESS SOLUTION LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad. The Prospectus shall be available on the websites of the Company, the BSE and the Lead Manager at www.focusbsl.com, www.bseindia.com and www.navigantcorp.com respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled 'Risk Factors' beginning on page no. 26 of the Prospectus. The Equity Shares have not been and wilt not be registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act'), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulations under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur.

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