Forcas Studio IPO Details
The Forcas Studio IPO is a book build issue with a total issue size of ₹37.44 cr, comprising of fresh issue of 4680000 equity shares. Forcas Studio IPO opened for subscription on Aug 19, 2024 and closed on Aug 21, 2024. Forcas Studio IPO is set price band at ₹77 to ₹80 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹256,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 22, 2024, and listed on the NSE on Aug 26, 2024.
Mas Services Limited has been appointed as the registrar. are the Book Running Lead Manager for the issue.
Before investing in the Forcas Studio IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 77 – 80
- Lot Size
- 1600
- Issue Size
- ₹37.44 Cr
- Minimum Investment
- ₹256000 (3200 Shares)
- Listing Date
- 26 August 2024
Current GMP
₹82 (+102.50%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Forcas Studio Limited
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.
Forcas Studio IPO Promoters
Forcas Studio Limited Promoters
- Sailesh Agarwal
- Sourav Agarwal
Promoters Holding
Holding Pre Issue
82.17%
Holding Post Issue
60.30%
Forcas Studio IPO Objective
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
Book Running Lead Managers
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 with a total issue size of ₹37.44 crore. The Forcas Studio IPO price band is ₹77 to 80 per share. The Forcas Studio IPO subscription opens on Mon, Aug 19, 2024, and closes on Wed, Aug 21, 2024. The Forcas Studio IPO will be listed on the NSE. Mas Services Limited is the registrar for the Forcas Studio IPO.
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 per share.
Forcas Studio IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
The minimum investment for Forcas Studio IPO is ₹256000, based on one lot of 1600 shares at the upper price band of ₹80 per share.
Investors can apply for the Forcas Studio IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Aug 21, 2024. The application amount remains blocked until the Forcas Studio IPO allotment is finalized.
Forcas Studio IPO issue size is ₹37.44 crores.
Forcas Studio IPO allotment date is Wed, Jul 1, 2026.
The registrar for Forcas Studio IPO is Mas Services Limited. Investors can go to Mas Services Limited website to check Forcas Studio IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.