Fixed Price IPO | ₹29 Cr | Listed at NSE SME | Mon, Dec 13, 2021 - Fri, Dec 17, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 13, 2021
IPO Close
Fri, Dec 17, 2021
Issue Price
₹225 per share
Market Cap (Pre-IPO)
₹110.09 Cr
| IPO Date | 13 to 17 Dec, 2021 |
| Listed on | Tue, Dec 28, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹225 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 12,90,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 64,800 shares Svcm Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 8,35,200 shares (agg. up to ₹19 Cr) |
| Offer for Sale | 3,90,000 shares of ₹10 (agg. up to ₹9 Cr) |
| Net Offered to Public | 12,25,200 shares (agg. up to ₹28 Cr) |
| Share Holding Pre Issue | 39,92,925 shares |
| Share Holding Post Issue | 48,92,925 shares |
| NSE Symbol | FOCE |
| ISIN | INE0I7D01019 |
Foce India IPO comprises a total issue size of 12,90,000 shares. The net offer to the public is 12,25,200 shares, after excluding 64,800 shares allotted on a firm basis. Of the Net offer 6,12,600 (50.00%) allocated to NII 6,12,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,12,600 | 50.00% | 47.49% |
| Retail Shares Offered | 6,12,600 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 64,800 | 5.02% | |
| Total Shares Offered | 12,90,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirement | 15.50 |
| 2 | General Corporate Purpose | 4.00 |
The Foce India IPO is subscribed 1.57 times on December 17, 2021 5:00:00 PM (Day 5). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.29 | 6,12,600 | 7,88,400 |
| Retail | 1.84 | 6,12,600 | 11,29,800 |
| Total | 1.57 | 12,25,200 | 19,18,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.59 |
| 2 | Brokerage and selling commission | 0.03 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 4 | Advertisement and Marketing Expenses | 0.05 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹225.00 |
| Open | ₹225.00 |
| Low | ₹225.00 |
| High | ₹231.00 |
| Last Trade | ₹225.70 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Foce India IPO is a SME IPO of 12,90,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹225 per share. The minimum order quantity is 600.
The IPO opens on Mon, Dec 13, 2021, and closes on Fri, Dec 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 Mon, Dec 13, 2021 and closes on Fri, Dec 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 Thu, Dec 23, 2021. Check the Foce India IPO allotment status.
The Foce India IPO listing date is on Tue, Dec 28, 2021.
