Forcas Studio IPO is set to be a book built issue worth ₹37.44 crores, entirely comprising a fresh issue of 46.8 lakh shares. The IPO will open for subscription on August 19, 2024, and will close on August 21, 2024. The allotment of shares is expected to be finalized on Thursday, August 22, 2024, with the IPO set to list on the NSE SME platform on Monday, August 26, 2024. The price band for the IPO is set at ₹77 to ₹80 per share.
Retail investors looking to participate in the IPO will need to apply for a minimum lot size of 1,600 shares, which requires a minimum investment of ₹128,000. High Net Worth Individuals (HNIs) can apply for a minimum of 2 lots, totaling 3,200 shares, with a required investment of ₹256,000.
Forcas Studio IPO Date & Price Band Details
| IPO Open: | August 19, 2024 |
| IPO Close: | August 21, 2024 |
| IPO Size: | Approx ₹37.44 Crores, 4,680,000 Equity Shares |
| Fresh Issue: | Approx ₹37.44 Crores, 4,680,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹77 to ₹80 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
Forcas Studio IPO Dates
The Forcas Studio IPO will open on August 19 and close on August 21. The allotment of shares is scheduled for August 22, and the IPO is expected to list on the market on August 26.
| PO Open Date: | August 19, 2024 |
| IPO Close Date: | August 21, 2024 |
| Basis of Allotment: | August 22, 2024 |
| Refunds: | August 23, 2024 |
| Credit to Demat Account: | August 23, 2024 |
| IPO Listing Date: | August 26, 2024 |
Forcas Studio IPO Lot Size
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The table below illustrates the minimum and maximum investment requirements for retail investors and High Net Worth Individuals (HNIs) in terms of shares and the corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
About Forcas Studio Limited
Incorporated in April 2010, Forcas Studio Limited specializes in selling men’s clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products both online and in bulk across India. Additionally, Forcas Studio offers white-labelling services for other brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more.
The company markets its products through online platforms under the brand names ‘FTX’, ‘Tribe’, and ‘Conteno’. It has established a significant online presence on major platforms including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. In addition, Forcas Studio products are available in various large-format stores like V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.
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Forcas Studio has successfully served over 15,000 pin codes across India and maintains a strong offline presence with over 500 large-format stores. The company boasts a diverse product catalog with more than 1,200 SKUs. It manages its supply chain through four warehouses in Kolkata.
As of February 29, 2024, Forcas Studio employs 68 people, including its directors, who oversee business operations, factory management, administration, secretarial work, marketing, and accounting functions.
Forcas Studio GMP
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 14-08-2024 | 80.00 | ₹70  | 85100 | ₹150 (87.5%) | 14-Aug-2024 |
| 13-08-2024 | 80.00 | ₹60 | 73000 | ₹140 (75%) | 13-Aug-2024 |
| 12-08-2024 | 80.00 | ₹50  | 60800 | ₹130 (62.5%) | 12-Aug-2024 |
Forcas Studio IPO Objectives
The company proposes to utilize the Net Proceeds from the Issue for several key objectives. The funds will be directed towards the upgradation of the warehouse, aiming to enhance and modernize the existing facilities to boost efficiency and capacity.
A portion of the proceeds will be used for the prepayment or repayment of certain secured loans, which will help in reducing the company’s debt burden. The company also plans to allocate funds to meet its working capital requirements, ensuring smooth and uninterrupted business operations. Lastly, the remaining proceeds will be set aside for general corporate purposes, covering various operational and business needs.
Forcas Studio Company Financial Report
Here’s the table with the columns arranged by year in ascending order:
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 29 Feb 2024 |
|---|---|---|---|---|
| Assets | 4,890.73 | 4,333.27 | 3,923.85 | 12,379.43 |
| Revenue | 5,113.14 | 5,380.44 | 7,162.42 | 9,648.78 |
| Profit After Tax | 55.55 | 78.44 | 114.55 | 553.31 |
| Net Worth | 711.94 | 830.84 | 860.26 | 1,901.97 |
| Reserves and Surplus | – | – | – | 611.97 |
| Total Borrowing | 2,437.92 | 2,419.99 | 2,325.26 | 2,861.04 |
| Forcas Studio IPO Prospectus | Forcas Studio IPO DRHP Forcas Studio IPO RHP |
| Forcas Studio Limited Contact Details | Forcas Studio IPO Registrar |
| 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 |
