Forcas Studio IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 19 Aug 2024
Close Date
Wed, 21 Aug 2024
Price Band
₹ 77 – 80
Lot Size
1600
Issue Size
₹ 37.44 Cr
Minimum Investment
₹ 256,000 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Forcas Studio IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹37.44 Crore, comprising a fresh issue of 46.80 Lakh equity shares aggregating to ₹37.44 Crore.
The Forcas Studio IPO remained open for subscription from August 19, 2024, to August 21, 2024. The basis of allotment was finalized on August 22, 2024, and the company's shares were listed on NSE SME Platform on August 26, 2024.
The company had fixed the price band at ₹77 to ₹80 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹256,000 (based on the upper price band) to apply for one lot.
Mas Services Limited served as the registrar to the issue. acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Forcas Studio Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Forcas Studio IPO Timeline (Tentative)
- IPO Open Date
- Mon, 19 Aug 24
- IPO Close Date
- Wed, 21 Aug 24
- Basis of Allotment
- Thu, 22 Aug 24
- Initiation of Refunds
- Fri, 23 Aug 24
- Credit of Shares to Demat
- Fri, 23 Aug 24
- Listing Date
- Mon, 26 Aug 24 — NSE & BSE
Open Date
19 August 2024
Close Date
21 August 2024
Basis Of Allotment
22 August 2024
Listing Date
26 August 2024
IPO Subscription
Check Live Subscription →The Forcas Studio IPO has received bids for 21,65,50,400 shares against 0 shares offered, resulting in an overall subscription of 0x. the NII category is subscribed 0x, Retail Investors 0x, and QIBs 0x.
QIB
0x
NII
0x
RII
0x
Total
0x
IPO Reservations
Reservation Details Are not Available until IPO Opens.
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| 0 | 0% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Forcas Studio Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Forcas Studio Limited Address / Contact Details
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
Forcas Studio IPO Lot Size
The Forcas Studio IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,28,000 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,28,000.
| 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 |
Issue Reservation
Book Running Lead Managers
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Forcas Studio 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.
When will the Forcas Studio IPO open for subscription?
The Forcas Studio IPO opens on Mon, Aug 19, 2024 and closes on Wed, Aug 21, 2024
What is Forcas Studio IPO Price Band?
Forcas Studio IPO Price Band is ₹77 to 80 per share.
What is Forcas Studio IPO Lot Size?
Forcas Studio IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹256000 based on the upper price band
What is the minimum investment for Forcas Studio IPO?
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.
How to apply for Forcas Studio IPO?
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.
What is Forcas Studio IPO Issue Size?
Forcas Studio IPO issue size is ₹37.44 crores.
What is the Forcas Studio IPO Allotment Date?
Forcas Studio IPO allotment date is Thu, Aug 22, 2024.
Who is the Forcas Studio IPO Registrar?
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.
What is the Forcas Studio IPO GMP?
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 102.50% over the issue price.
Who is the Forcas Studio IPO Lead Manager?
The book-running lead managers (BRLMs) for the Forcas Studio IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Forcas Studio IPO Red Herring Prospectus (RHP).