Forcas Studio Limited IPO Detail
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.
Company Promoters
The Promoters of the company are Sailesh Agarwal and Sourav Agarwal.IPO Details
| IPO Opening Date | Aug 19, 2024 |
| IPO Closing Date | Aug 21, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 - 80 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹37.44 Cr |
| Fresh Issue | ₹37.44 Cr |
| Offer for Sale | - |
| Retail Portion | 35.03% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 28.42x | 60.85x | 36.51x |
| Day 2 | 5.62x | 0.00x | 0.00x | 93.47x | 164.90x | 104.08x |
| Day 3 | 205.39x | 0.00x | 0.00x | 701.85x | 415.82x | 416.99x |
IPO Tentative Timetable
The Forcas Studio Limited IPO open date is Aug 19, 2024, and the close date is Aug 21, 2024. The issue may list on Aug 26, 2024.
| IPO Open Date | Aug 19, 2024 |
| IPO Close Date | Aug 21, 2024 |
| Basis of Allotment Date | Aug 22, 2024 |
| Initiation of Refunds | Aug 23, 2024 |
| Credit of Shares to Demat Account | Aug 23, 2024 |
| IPO Listing Date | Aug 26, 2024 |
IPO Lot Size
The Forcas Studio Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹128000 |
| Maximum | 1 | 1600 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 82.17% |
| Post Issue Share Holding | 60.30% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 29-Feb-24 | 12379.43 | 9648.78 | 553.31 |
| 31-Mar-23 | 3923.85 | 7162.42 | 114.55 |
| 31-Mar-22 | 4333.27 | 5380.44 | 78.44 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Funding for 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 Limited IPO Registrar:
MAS Services Limited
Forcas Studio Limited IPO Lead Manager(s):
Horizon Management Private Limited
Company Contact Information:
Forcas Studio Limited
Tara Maa Tower, B3-71C/161 B B T Road Vivekanandapur, South 24 Parganas
Thakurpukur
Mahestola
