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Forcas Studio IPO is a book built issue of Rs 37.44 crores. The issue is entirely a fresh issue of 46.8 lakh shares.
Forcas Studio IPO opens for subscription on August 19, 2024 and closes on August 21, 2024. The allotment for the Forcas Studio IPO is expected to be finalized on Thursday, August 22, 2024. Forcas Studio IPO will list on NSE SME with tentative listing date fixed as Monday, August 26, 2024.
Forcas Studio IPO price band is set at ₹77 to ₹80 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹256,000.
Horizon Management Private Limited is the book running lead manager of the Forcas Studio IPO, while Mas Services Limited is the registrar for the issue. The market maker for Forcas Studio IPO is Giriraj Stock Broking.
Refer to Forcas Studio IPO RHP for detailed information.
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹77 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,680,000 shares (aggregating up to ₹37.44 Cr) |
| Fresh Issue | 4,680,000 shares (aggregating up to ₹37.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,900,000 |
| Share holding post issue | 17,580,000 |
| Market Maker portion | 235,200 shares Giriraj Stock Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 49.96% of the Net Issue |
| Retail Shares Offered | Not less than 35.03% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.01% of the Net Issue |
Forcas Studio IPO raises Rs 10.65 crore from anchor investors. Forcas Studio IPO Anchor bid date is August 16, 2024.
| Bid Date | August 16, 2024 |
| Shares Offered | 1,331,200 |
| Anchor Portion Size (In Cr.) | 10.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 21, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 20, 2024 |
Forcas Studio IPO opens on August 19, 2024, and closes on August 21, 2024.
| IPO Open Date | Monday, August 19, 2024 |
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| Credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
| Lot Size Calculator | |||
The Promoters of the company are Sailesh Agarwal and Sourav Agarwal.
| Share Holding Pre Issue | 82.17% |
| Share Holding Post Issue | 60.30% |
Incorporated in April 2010, Forcas Studio Limited sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more.
The company offers a wide range of products, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers for the Indian menswear segment.
The company sells its products through online platform under the brand name of ‘FTX’, ‘Tribe’ and ‘Conteno.
The company has established a presence on all major online platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. Additionally, the company has also sold products through various large-format stores, including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.
The company has served more than 15000 pin codes in India.
The company has a strong offline presence, with a presence on major online marketplaces and in over 500 large-format stores. They offer a wide range of products with a catalogue of over 1200 SKUs.
The company has four warehouses in Kolkata for the purpose of supply chain management.
As of February 29, 2024, the company has 68 employees, including its directors. They are responsible for business operations, factory management, administration, secretarial work, marketing, and accounting functions as per their designated goals.
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 12,379.43 | 3,923.85 | 4,333.27 | 4,890.73 | ||||||||||||||||||||||||||||||||||||
| Revenue | 9,648.78 | 7,162.42 | 5,380.44 | 5,113.14 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 553.31 | 114.55 | 78.44 | 55.55 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,901.97 | 860.26 | 830.84 | 711.94 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 611.97 | |||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,861.04 | 2,325.26 | 2,419.99 | 2,437.92 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 27.06% |
| ROCE | 18.54% |
| Debt/Equity | 1.5 |
| RoNW | 27.06% |
| P/BV | 8 |
| PAT Margin (%) | 5.36 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.36 | 3.43 |
| P/E (x) | 58.82 |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
[Dilip Davda] The company is in the business of menswear’s that is highly competitive and fragmented segment. The company claims to have taken a niche place in selling its own brands in online/offline platforms and gaining grounds. Reduced interest cost will help it to boost bottom lines for coming years. Based on FY24 super annualized earnings, the issue appears aggressively priced. However, well-informed investors may park moderate funds for long term. Read detail review...
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/
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
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Forcas Studio IPO is a SME IPO of 4,680,000 equity shares of the face value of ₹10 aggregating up to ₹37.44 Crores. The issue is priced at ₹77 to ₹80 per share. The minimum order quantity is 1600 Shares.
The IPO opens on August 19, 2024, and closes on August 21, 2024.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Forcas Studio IPO using UPI as a payment gateway. Zerodha customers can apply in Forcas Studio IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Forcas Studio IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Forcas Studio IPO opens on August 19, 2024 and closes on August 21, 2024.
Forcas Studio IPO lot size is 1600 Shares, and the minimum amount required is ₹128,000.
You can apply in Forcas Studio 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 Forcas Studio IPO will be done on Thursday, August 22, 2024, and the allotted shares will be credited to your demat account by Friday, August 23, 2024. Check the Forcas Studio IPO allotment status.
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