Forcas Studio IPO will open for subscription from 19 August 2024. The company aims for an issue size of ₹37.44 Cr through this IPO.
Company Overview
| Full name | Forcas Studio Limited |
| Sector | Textile |
| Industry | Textile |
| Company Website | https://www.focasstudio.in/ |
About Company
Incorporated in 2010, Forcas Studio specializes in men’s fashion. It sells men’s clothing and accessories such as shirts, jeans, t-shirts, trousers, cotton trousers, sportswear, party wear, fashion wear, boxer shorts, etc. online across India. The company wholesales under brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, etc.
Forcas Studio manufactures, sells, and wholesale through e-commerce platforms under the name ‘FTX‘, ‘Tribe‘, and ‘Conteno‘. The company sells branded products through e-commerce platforms like Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy.
In addition to being present on the top online marketplaces, it is also in over 500 large format stores, which helps to be visibly present in offline spaces. With more than 1200 SKUs, the company’s product catalog is broad and varied. As of 29 February 2024, the company had delivered the products in 15,000 plus pin codes in India for orders placed through online e-commerce marketplaces spread across Pan India.
The Objectives of the Issue
- Funding for the upgradation of the warehouse;
- Prepayment or repayment of certain secured loans availed by the company;
- Funding of working capital requirements of the company;
- General Corporate Purposes.
Forcas Studio IPO Timetable
| IPO Opening date | 19 August 2024 |
| IPO Closing | 21 August 2024 |
| Basis of Allotment | 22 August 2024 |
| Initiation Refund | 23 August 2024 |
| Credit to Demat Account | 23 August 2024 |
| Listing Date | 26 August 2024 |
Forcas Studio IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹37.44 Cr – 4,680,000 shares |
| Fresh Issue | ₹37.44 Cr – 4,680,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹77 to ₹80 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 235,200 shares |
| Shareholding pre-issue | 12,900,000 |
| Shareholding post-issue | 17,580,000 |
| Listing Exchange | NSE SME |
Forcas Studio IPO Lot Size
| pplication | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
Forcas Studio Offer Documents
Forcas Studio IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 1 Apr 2023 – 11 Jan 2024 | 12 Jan – 29 Feb 2024 | |
| Revenue | 50.51 | 53.20 | 69.60 | 71.89 | 24.19 |
| Expenses | 50.58 | 53.02 | 70.48 | 68.29 | 22.66 |
| Net income | 0.58 | 0.81 | 1.17 | 3.98 | 1.17 |
Forcas Studio Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.45 | 0.63 | 0.91 |
| PE ratio | – | – | 84.76 – 88.06 |
| RONW (%) | 8.20 | 9.71 | 13.62 |
| NAV | 5.52 | 6.44 | 6.67 |
| ROCE (%) | 9.98 | 10.09 | 12.97 |
| EBITDA (%) | 6.77 | 6.66 | 6.47 |
| Debt/Equity | – | 1.50 | – |
Company Promoters
- Sailesh Agarwal
- Sourav Agarwal.
Promoter Holding
| Pre Issue Share Holding | 82.17% |
| Post Issue Share Holding | 60.30% |
Forcas Studio Offer GMP Update
Coming Soon
Forcas Studio IPO Subscription Update
Coming Soon
Forcas Studio IPO Allotment Status
Forcas Studio IPO allotment status will be available on Mas Services’ website. Click on Mas Services IPO weblink to get allotment status.
Forcas Studio IPO Listing Details
| Listing Date | |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
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| Last Trade |
Forcas Studio IPO Lead Manager(s)
HORIZON MANAGEMENT PRIVATE LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor,
Kolkata- 700 001, West Bengal, India
Phone: +91 33 4600 0607
Email: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Forcas Studio Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020
Phone: +91 112 638 7281/83
Email: ipo@masserv.com
Website: www.masserv.com
Forcas Studio Contact Details
FORCAS STUDIO LIMITED
Tara Maa Tower, B3-71C/161 BBT Road, Vivekanandapur,
South 24 Parganas, Thakurpukur Mahestola – 700 142,
West Bengal, India
Phone: +91 332 950 1056
E-mail: info@forcasstudio.in
Website: www.focasstudio.in
Forcas Studio IPO FAQs
What is the Forcas Studio offer size?
Forcas Studio offer size is ₹ 36.04 – 37.44 crores.
What is the Forcas Studio offer price band?
Forcas Studio public offer price is ₹ 77 – 80 per share.
What is the lot size of the Forcas Studio IPO?
Forcas Studio offer a lot size is 1,600 shares.
What is Forcas IPO GMP today?
Forcas Studio IPO GMP today is ₹ 57 per share.
What is the Forcas Studio kostak rate today?
Forcas Studio kostak rate today is ₹ NA per application.
What is Forcas Studio Subject to the Sauda rate today?
Forcas Studio is Subject to the Sauda rate today is ₹ 68,500 per application.
Final thoughts
Forcas Studio IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
