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Focus Lighting & Fixtures – SME IPO – Details & Review, Subscription, Allotment, Price, Listing

On Day 4, Focus Lighting & Fixtures was over-subscribed almost 89 times.

 

Day Subscription (no. of times)
Day 1  0.11
Day 2  0.52
Day 3  4.11
Day 4  88.99

Focus Lighting & Fixtures products (started in 2005) provide vide range of products which includes recessed adjustable spotlights, recessed downlights, surface mounted spotlights, surface-mounted / suspended downlights, system based spotlights / wallwasher, track-mounted spotlights, etc. each with different working capabilities

Issue Details of Focus Lighting & Fixtures SME IPO

  • Issue Open :  30th March to 5th April 2017
  • Issue Price / Floor Price : Rs 45 per share
  • Issue Size: Rs 4.05 crores (900,000 Equity Shares)
  • Application per share :  Rs 45
  • Minimum No of shares bid:  3000 shares / Rs 135,000
  • Maximum Retail investment – 3000 shares
  • Book Running Lead Managers : Sarthi Capital Advisors Pvt Ltd
  • Registrar –Bigshare Services Pvt
  • Listing: NSE SME

 

Also Read:   Top Foreign Investors (FII) in Indian Stock Market and their Holdings

 

Ongoing SME IPO – Read reviews

SME IPOs Opening Date Last Date Price
ASL Industries 31-Mar-2017 7th April 2017 35
Dev Information Technology  31-Mar-2017 6th April 2017 42
MK Proteins  31-Mar-2017 7th April 2017 70
Escorp Asset Management  31-Mar-2017 6th April 2017 15
Focus Lighting  30-Mar-2017 5th April 2017 45
Creative Peripherals 29-Mar-2017 3rd April 2017 21-75

 

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About the Company

 

Over the last decade the company has worked for some of the leading brands like And Designs, Global Designs, Croma, Raymond, Shoppers’ Stop, Park Avenue, Timberland, Globus and many more.

The products of our Company are designed from Germany, these designs are provided to our supplier in China and the moulds prepared as per the specified designs. The products are imported from China under the brand name of TRIX. Our products under brand name of PLUS are manufactured by M/s. Shantilal & Bros (Mfg Dept). Appox. 70- 80% of our total purchases are from Shantilal & Bros (Mfg Dept). Even for exports, appx. 90% of the products are manufactured by Shantilal & Bros (Mfg Dept).

Some of our major competitors are Retail Light Techniques India Limited, IKIO Lighting Pvt. Ltd., CENZER Industries Ltd., etc.

Financials

  FY 12 (in crores FY 13 (in crores) FY 14 (in crores) FY 15 (in crores) FY 16 (in crores) FY 17 (6 months)
Domestic 15.14 18.16 33.71 36.61 51.78 36.37
Export .05 0.09 0.48 4.65 9.04  
Profit  0.34 0.44  0.76  1.10  3.26  1.52
EPS 1.40 1.78 3.06 4.45 13.14 6.13

 

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Summary The turnover is increasing, the profits are also increasing. The IPO price also looks reasonable . May be considered for investment.

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