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Foce India IPO is a fixed price issue of ₹29.03 crores. The issue is a combination of fresh issue of 0.09 crore shares aggregating to ₹20.25 crores and offer for sale of 0.04 crore shares aggregating to ₹8.78 crores.
Foce India IPO bidding started from Dec 13, 2021 and ended on Dec 17, 2021. The allotment for Foce India IPO was finalized on Dec 21, 2021. The shares got listed on NSE SME on Dec 28, 2021.
Foce India IPO price is ₹225.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,35,000 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,70,000.
Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Svcm Securities Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 12,90,000 shares (aggregating up to ₹29.03 Cr) |
| Reserved for Market Maker | 64,800 shares Svcm Securities Pvt.Ltd. (aggregating up to ₹1.46 Cr) |
| Fresh Issue (Ex Market Maker) | 8,35,200 shares (aggregating up to ₹18.79 Cr) |
| Offer for Sale | 3,90,000 shares of ₹10 (aggregating up to ₹8.78 Cr) |
| Net Offered to Public | 12,25,200 shares (aggregating up to ₹27.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 39,92,925 shares |
| Share Holding Post Issue | 48,92,925 shares |
Foce India IPO offers total 12,90,000 shares. Out of which 6,12,600 (47.49%) allocated to NII, 6,12,600 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 64,800 (5.02%) |
| NII (HNI) Shares Offered | 6,12,600 (47.49%) |
| Retail Shares Offered | 6,12,600 (47.49%) |
| Total Shares Offered | 12,90,000 (100.00%) |
Foce India IPO opens on December 13, 2021, and closes on December 17, 2021.
| IPO Open Date | Mon, Dec 13, 2021 |
| IPO Close Date | Fri, Dec 17, 2021 |
| Tentative Allotment | Tue, Dec 21, 2021 |
| Initiation of Refunds | Wed, Dec 22, 2021 |
| Credit of Shares to Demat | Thu, Dec 23, 2021 |
| Tentative Listing Date | Tue, Dec 28, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 17, 2021 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,35,000 |
| Retail (Max) | 1 | 600 | ₹1,35,000 |
| HNI (Min) | 2 | 1,200 | ₹2,70,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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...
| Listing Date | December 28, 2021 |
| BSE Script Code | |
| NSE Symbol | FOCE |
| ISIN | INE0I7D01019 |
| Final Issue Price | ₹225 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹225.00 |
| Low | ₹225.00 |
| High | ₹231.00 |
| Last Trade | ₹225.70 |
Foce India Ltd.
4 Kingston, Shastri Nagar,
Lokhandwala Complex,
Andheri West,
Andheri, Maharashtra, 400053
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
Foce India IPO is a SME IPO of 12,90,000 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.
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, and the minimum amount required for application is ₹1,35,000.
You can apply in Foce India IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Foce India IPO listing date is on Tuesday, December 28, 2021.
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