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Forcas Studio IPO is a book build issue of ₹37.44 crores. The issue is entirely a fresh issue of 0.47 crore shares of ₹37.44 crore.
Forcas Studio IPO bidding started from Aug 19, 2024 and ended on Aug 21, 2024. The allotment for Forcas Studio IPO was finalized on Aug 22, 2024. The shares got listed on NSE SME on Aug 26, 2024.
Forcas Studio IPO price band is set at ₹80.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,23,200 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,56,000.
Horizon Management Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Forcas Studio IPO RHP for detailed Information.
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | August 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹77 to ₹80 per share |
| Issue Price Final | ₹80 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 46,80,000 shares (aggregating up to ₹37.44 Cr) |
| Reserved for Market Maker | 2,35,200 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.88 Cr) |
| Net Offered to Public | 44,44,800 shares (aggregating up to ₹35.56 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,29,00,000 shares |
| Share Holding Post Issue | 1,75,80,000 shares |
Forcas Studio IPO offers total 46,80,000 shares. Out of which 22,20,800 (47.45%) allocated to QIB, 8,89,600 (19.01%) allocated to QIB, 6,67,200 (14.26%) allocated to NII, 15,56,800 (33.26%) allocated to RII and 13,31,200 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,35,200 (5.03%) |
| QIB Shares Offered | 22,20,800 (47.45%) |
| − Anchor Investor Shares Offered | 13,31,200 (28.44%) |
| − QIB (Ex. Anchor) Shares Offered | 8,89,600 (19.01%) |
| NII (HNI) Shares Offered | 6,67,200 (14.26%) |
| Retail Shares Offered | 15,56,800 (33.26%) |
| Total Shares Offered | 46,80,000 (100.00%) |
Forcas Studio IPO raises ₹10.65 crore from anchor investors. Forcas Studio IPO Anchor bid date is August 16, 2024. Forcas Studio IPO Anchor Investors list
| Bid Date | August 16, 2024 |
| Shares Offered | 13,31,200 |
| 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 | Mon, Aug 19, 2024 |
| IPO Close Date | Wed, Aug 21, 2024 |
| Tentative Allotment | Thu, Aug 22, 2024 |
| Initiation of Refunds | Fri, Aug 23, 2024 |
| Credit of Shares to Demat | Fri, Aug 23, 2024 |
| Tentative Listing Date | Mon, Aug 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Aug 21, 2024 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,28,000 |
| Retail (Max) | 1 | 1,600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 | ||||
The market capitalization of Forcas Studio IPO is ₹140.64 Cr.
KPI as of Thu, Feb 29, 2024.
| KPI | Values |
|---|---|
| ROE | 27.06% |
| ROCE | 18.54% |
| Debt/Equity | 1.50 |
| RoNW | 27.06% |
| PAT Margin | 5.36% |
| Price to Book Value | 5.43 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 0.89 | 3.43 |
| P/E (x) | 90.09 | 23.3 |
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...
| Listing Date | August 26, 2024 |
| BSE Script Code | |
| NSE Symbol | FORCAS |
| ISIN | INE0U2501017 |
| Final Issue Price | ₹80 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹80.00 |
| Open | ₹152.00 |
| Low | ₹144.40 |
| High | ₹159.60 |
| Last Trade | ₹144.40 |
Forcas Studio Ltd.
Tara Maa Tower, B3-71C/161 B B T Road
Vivekanandapur
Thakurpukur Mahestola
South 24 Parganas district, West Bengal, 700141
Phone: +91 3329501056
Email: info@focasstudio.in
Website: http://www.focasstudio.in/
MAS Services Ltd.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Forcas Studio IPO is a SME IPO of 46,80,000 equity shares of the face value of ₹10 aggregating up to ₹37.44 Crores. The issue is priced at ₹80 per share. The minimum order quantity is 1600.
The IPO opens on August 19, 2024, and closes on August 21, 2024.
MAS Services Ltd. 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, and the minimum amount required for application is ₹1,28,000.
You can apply in Forcas Studio 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 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.
The Forcas Studio IPO listing date is on Monday, August 26, 2024.
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