Forcas Studio IPO
Open SmeCurrent GMP
₹82 (+102.50%)
Price Band
₹ 77 – 80
Lot Size
1600
Issue Size
₹37.44 Cr
Minimum Investment
₹256000 (3200 Shares)
Listing Date
26 August 2024
Subscription
-
About the Company
Forcas Studio is into Menswear and deals in men’s garments such as Shirts, Denim, T-shirts, trousers, Cotton pants, sports-wear, party-wear, fashion wear, boxers, etc., and cater pan India through online and wholesale in their brand and also white-labeling for other brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail and many more.
The company is in the business of manufacturing and selling menswear garments through online e-commerce platforms and wholesale under the name of ‘FTX’, ‘Tribe’, and ‘Conteno’. The company sells products under its brand through the most popular retail online e-commerce platforms namely, Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solved, and Shopsy. The wholesale business comprises sales to wholesalers who purchase in bulk for onward sales to garment retailers in different states of the country. Further, Their brand is also sold through large format stores including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retails.
Promoters
Forcas Studio Limited Promoters
- Sailesh Agarwal
- Sourav Agarwal
Promoters Holding
Holding Pre Issue
82.17%
Holding Post Issue
60.30%
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding for upgradation of the warehouse
- Prepayment or repayment of certain secured loans availed by the company
- Funding of working capital requirements of the company
- General Corporate Purposes.
Address / Contact Info
Forcas Studio Limited
Tara Maa Tower, B3-71C/161 B B T Road
Vivekanandapur, South 24 Parganas
Thakurpukur Mahestola - 700141,
Phone: +91 3329501056
Email: info@focasstudio.in
Website: http://www.focasstudio.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 19 August 2024
IPO Close Date
Wednesday, 21 August 2024
Basis of Allotment
Thursday, 22 August 2024
Initiation of Refunds
Friday, 23 August 2024
Credit of Shares to Demat
Friday, 23 August 2024
Listing Date
Monday, 26 August 2024 — NSE & BSE
Important Dates
Open Date
19 August 2024
Close Date
21 August 2024
Basis Of Allotment
22 August 2024
Listing Date
26 August 2024
Financial Performance (₹ in Crores)
| Particular | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 12379.43 | 3923.85 | 4333.27 | 4890.73 |
| Revenue | 9648.78 | 7162.42 | 5380.44 | 5113.14 |
| Profit After Tax | 553.31 | 114.55 | 78.44 | 55.55 |
| Net Worth | 1901.97 | 860.26 | 830.84 | 711.94 |
| Reserve & Surplus | 611.97 | 0 | 0 | 0 |
| Total Borrowings | 2861.04 | 2325.26 | 2419.99 | 2437.92 |
EPS Pre
1.36%
EPS Post
3.43%
P/E Pre
58.82
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of February 29, 2024. |
|---|---|
| ROE % | 27.06 |
| ROCE % | 18.54 |
| Debt / Equity | 1.5 |
| RoNW % | 27.06 |
| PbW | 8 |
| Pat Margin % | 5.36 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| 0 | 0 | 0 |
Subscription Status ( Tue, 13 Aug 24 11:37 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 3200 | 0x |
| Non-Institutional | 0 | 38758400 | 0x |
| Retail Investors | 0 | 177788800 | 0x |
| Total | 0 | 216550400 | 0x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 128,000.00 |
| Retail (Max) | 1 | 1,600 | 128,000.00 |
| S-HNI (Min) | 2 | 3,200 | 256,000.00 |
Book Running Lead Managers
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Forcas Studio IPO is a Book-building IPO worth ₹37.44 crores. The price band is ₹77 to 80 per share. The IPO opens on Mon, Aug 19, 2024 and closes on Wed, Aug 21, 2024. It will be listed on BSE and NSE. Mas Services Limited is the registrar.
The Forcas Studio IPO opens on Mon, Aug 19, 2024 and closes on Wed, Aug 21, 2024
Forcas Studio IPO Price Band is ₹77 to 80.
Forcas Studio IPO lot size is 1600, and the minimum amount required for application is ₹256000.
The minimum investment for Forcas Studio IPO is approximately ₹256000 based on the upper price band.
To apply for the Forcas Studio IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Aug 21, 2024. After submission, funds are blocked until the basis of allotment of Forcas Studio IPO is finalised.
Forcas Studio IPO issue size is ₹37.44 crores.
Forcas Studio IPO allotment date is Sat, Jun 27, 2026.
The registrar for Forcas Studio IPO is Mas Services Limited. Investors can go to Mas Services Limited website for IPO allotment status, refund processing, and other queries related to Forcas Studio IPO through their official website or helpline.
The Forcas Studio IPO GMP (Grey Market Premium) is ₹82 as of Tue, Aug 20, 2024. Based on the upper price band of ₹80 per share, the estimated Forcas Studio IPO listing price is ₹162, indicating a potential listing gain of approximately 31% over the issue price.