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Foce India IPO is a fixed price issue of Rs 29.03 crores. The issue is a combination of fresh issue of 9 lakh shares aggregating to Rs 20.25 crores and offer for sale of 3.9 lakh shares aggregating to Rs 8.78 crores.
Foce India IPO bidding started from December 13, 2021 and ended on December 17, 2021. The allotment for Foce India IPO was finalized on Tuesday, December 21, 2021. The shares got listed on NSE SME on December 28, 2021.
Foce India IPO price is ₹225 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Mark Corporate Advisors Private Limited is the book running lead manager of the Foce India IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
Refer to Foce India IPO RHP for detailed information.
| IPO Date | December 13, 2021 to December 17, 2021 |
| Listing Date | December 28, 2021 |
| Face Value | ₹10 per share |
| Price | ₹225 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 1,290,000 shares (aggregating up to ₹29.03 Cr) |
| Fresh Issue | 900,000 shares (aggregating up to ₹20.25 Cr) |
| Offer for Sale | 390,000 shares of ₹10 (aggregating up to ₹8.78 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,992,925 |
| Share holding post issue | 4,892,925 |
| Market Maker portion | 64,800 shares |
Foce India IPO offers 1,290,000 shares. 612,600 (47.49%) to NII, 612,600 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 64,800 (5.02%) |
| Other Shares Offered | 612,600 (47.49%) |
| Retail Shares Offered | 612,600 (47.49%) |
| Total Shares Offered | 1,290,000 (100%) |
Foce India IPO opens on December 13, 2021, and closes on December 17, 2021.
| IPO Open Date | Monday, December 13, 2021 |
| IPO Close Date | Friday, December 17, 2021 |
| Basis of Allotment | Tuesday, December 21, 2021 |
| Initiation of Refunds | Wednesday, December 22, 2021 |
| Credit of Shares to Demat | Thursday, December 23, 2021 |
| Listing Date | Tuesday, December 28, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 17, 2021 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 1 | 600 | ₹135,000 |
| Lot Size Calculator | |||
Mr. Manoj Sitaram Agarwal, Mrs. Anita agarwal, Mrs. Parmeshwari Agarwal are the company promoters.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 73.63% |
Incorporated in 2001, Foce India is mainly engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer, etc. These watches are either custom-built or are general in nature. The company supplies wristwatches in bulk to their top 5 Institutional customers constituting approximately 95% of the company's total revenue. The company also distributes and retails wristwatches made under Brand Name "FOCE" which contributes to 2% of their revenues. Foce India is also involved in the business of corporate gifting (such as Time Piece, Wall Clocks, Belts, Ties, Wallets, Pens, Goggles, etc.) ornamental packaging boxes for watches, selling of watches and other products under royalty brands which constitute around 3% of their total revenue.
On April 06, 2021, Foce India incorporated a wholly-owned subsidiary company namely "FO Industries Private Limited" in Mumbai with an object to carry on the business of manufacturing/ assembling watches and other products and the facilities is being located at Bhiwandi, Near Mumbai.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 387.13 | 374.85 | 111.81 | 140.48 | |
| Total Revenue | 361.66 | 768.98 | 544.44 | 620.81 | |
| Profit After Tax | 15.22 | 19.89 | 16.07 | 15.84 | |
[Dilip Davda] Super profits for the first quarter of FY22 raises eyebrows, if we track the last three fiscal’s data. Such margin sustainability raises concern. Based on Q1-FY22 performance, the pricing of the IPO appears lucrative but otherwise, it's an aggressively priced issue. Perhaps the company is trying to encase the euphoria of primary market’s current mood. There is no harm in giving this pricy issue a MISS. Read detail review...
The Foce India IPO is subscribed 1.57 times on December 17, 2021 5:00:00 PM. The public issue subscribed 1.84 times in the retail category, times in the QIB category, and 1.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.29 |
| Retail | 1.84 |
| Total | 1.57 |
| Listing Date | December 28, 2021 |
| BSE Script Code | |
| NSE Symbol | FOCE |
| ISIN | INE0I7D01019 |
| Final Issue Price | ₹225 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹225.00 |
| ₹225.00 |
| ₹225.00 |
| ₹231.00 |
| ₹225.70 |
Foce India Limited
4 Kingston, Shastri Nagar, Lokhandwala Complex,
Andheri West, Mumbai-400 053,
Maharashtra
Phone: 022 26349544
Email: office@foceindia.com
Website: http://www.foceindia.com/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Foce India IPO is a SME IPO of 1,290,000 equity shares of the face value of ₹10 aggregating up to ₹29.03 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600 Shares.
The IPO opens on December 13, 2021, and closes on December 17, 2021.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Foce India IPO using UPI as a payment gateway. Zerodha customers can apply in Foce India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Foce India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Foce India IPO opens on December 13, 2021 and closes on December 17, 2021.
Foce India IPO lot size is 600 Shares, and the minimum amount required is ₹135,000.
You can apply in Foce India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Foce India IPO will be done on Tuesday, December 21, 2021, and the allotted shares will be credited to your demat account by Thursday, December 23, 2021. Check the Foce India IPO allotment status.
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