Forcas Studio Limited IPO
NSE SMEListed On: Aug 26, 2024 at ₹ 152.0
₹ 256000 /3200 Shares
*Min Investment
19 Aug, 2024
Open Date21 Aug, 2024
Close Date22 Aug, 2024
Allotment Date26 Aug, 2024
Listing DateForcas Studio IPO Issue Details
- Issue Price ₹77-80 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 46,80,000 shares(aggregating up to ₹37.44 crore)
- Fresh Share 46,80,000 shares(aggregating up to ₹37.44 crore)
- Listing at NSE SME
- List Price 152.0
- Listing Date 2024-08-26
- Lead Manager Mas Services Limited
- Registrar Horizon Financial Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,28,000 |
| Retail(max) | 1 | 1600 | ₹1,28,000 |
| NII (min) | 2 | 3,200 | ₹2,56,000 |
Forcas Studio IPO Reservation
Forcas Studio IPO offers total 4,680,000 shares. Out of which 889,600 (19.01%) allocated to QIB, 667,200 (14.26%) allocated to NII,1,556,800 (33.26%) allocated to RII, NA (NA%) allocated to employees and 1,331,200 (28.44%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,331,200 (28.44%) | |
| Market Maker Shares Offered | 235,200 (5.03%) | |
| QIB Shares Offered | 889,600 (19.01%) | |
| NII (HNI) Shares Offered | 667,200 (14.26%) | |
| Retail Shares Offered | 1,556,800 (33.26%) | |
| Total Shares Offered | 4,680,000 (100%) |
Forcas Studio IPO Details
Forcas Studio Limited IPO is an SME IPO, priced at ₹77-80 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 46,80,000 equity shares, aggregating up to ₹37.44 crores..
The IPO bidding window is open from Aug 19, 2024 to Aug 21, 2024. The allotment is expected to be finalized on Aug 22, 2024, and the tentative listing date is Aug 26, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,28,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,56,000.
Horizon Financial Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Horizon Financial Pvt Ltd , and Giriraj Stock Broking Private Limited will act as the market maker for this issue.
Forcas Studio IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 889,600 / 667,200 | 1,556,800 | 3,113,600 |
Day 1 19-08-24 06:00 PM | 0.00 / 28.42 x | 60.85 x | 36.51 x |
Day 2 20-08-24 06:00 PM | 5.62 / 93.47 x | 164.90 x | 104.08 x |
Day 3 21-08-24 06:00 PM | 205.39 / 702.18 x | 415.79 x | 417.05 x |
Forcas Studio Valuations
Forcas Studio Company Financials
| 29-Feb-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 12,379.43 | 3,923.85 | 4,333.27 |
| Revenue | 9,648.78 | 7,162.42 | 5,380.44 |
| Profit After Tax | 553.31 | 114.55 | 78.44 |
About Forcas Studio Company
Incorporated in April 2010, Forcas Studio Limited offers the products including shirt, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers to all men in the market. They offer such items online as well as in bulk to their clients all over India. Moreover, the firm offers white labelling to various brands, for instance, Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, etc.
The company has a large number of products for the Indian menswear market, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers.
The product of the company is being sold through its e-commerce platform under the brand name of 'FTX', 'Tribe', and 'Conteno'.The company has operations on all large e-commerce portals, such as Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. The company also sold products across large format stores in the form of V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail, among others.
The company catered to over 15000 pin codes across India.The company enjoys an offline existence. It operates its business at big online stores as well as in over 500 large-format stores across various locations. This organization offers many SKUs -over 1200 of them within their catalog. In terms of managing the supply chain, there are four warehouses within Kolkata.
As of February 29, 2024, the firm has 68 employees which comprise the directors of the firm. They handle business operations, factory management, administration, secretarial work, marketing, and accounting functions in line with the respective objectives set for them.
Forcas Studio - Promoter(s)
Sailesh Agarwal
Sourav Agarwal
Pre Issue Share Holding : 82.17%
Post Issue Share Holding : 60.30%
Forcas Studio IPO - Issue Objectives
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 IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Forcas Studio Limited | 1.36 | 1.36 | 10 | N/A | 9.71 | N/A | Standalone |
| Aditya Birla Fashion And Retail Ltd | -0.38 | -0.38 | 35.2 | N/A | -1.7 | 6.77 | Standalone |
Notes:
- Return on Net Worth (%) = Profit for the year ended March 31, 2023 divided by Total Equity of the Company as on March 31, 2023.
- NAV is computed as the Total Equity of the Company as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2023.
Contact Details
Forcas Studio
Tara Maa Tower, B3-71C/161 B B T Road, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola - 700141
+91 3329501056
Registrar Contact Details
Forcas Studio IPO - FAQs
Ans. Forcas Studio Limited IPO is a SME IPO. The issue is priced at ₹77-80 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Aug 19, 2024, and closes on Aug 21, 2024. Horizon Financial Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Forcas Studio Limited IPO opens on Aug 19, 2024 and closes on Aug 21, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Forcas Studio Limited IPO is 4,680,000 shares(aggregating up to ₹37.44 Cr).
Ans. The Forcas Studio Limited IPO price band is set between ₹77-80 per equity share.
Ans. To apply for Forcas Studio Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Forcas Studio Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Forcas Studio Limited IPO is Aug 22, 2024.
Ans. The Forcas Studio Limited IPO will be listed on Aug 26, 2024.
Ans. Follow the steps to check the Forcas Studio Limited IPO allotment status online.
