Forcas Studio IPO Details: The Forcas Studio IPO is set to launch on August 19 and will conclude on August 21. The company aims to raise ₹37.44 crores through this NSE SME IPO. The price band for the Forcas Studio IPO has been established at ₹77 to ₹80 per share, with a minimum lot size of 1,600 shares.
Forcas Studio specializes in menswear, offering a range of products including shirts, denim, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company caters to customers across India through both online and wholesale channels. In addition to its own brand, Forcas Studio provides white-labeling services for prominent brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail.
The company has transitioned to an online business model in 2021, enhancing its reach and serving over 15,000 pin codes across India. Forcas Studio’s products are available on major e-commerce platforms like Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solved, and Shopsy. Additionally, their products are featured in more than 500 large-format stores, including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.
With a diverse catalog of over 1,200 SKUs, Forcas Studio continues to expand its presence both online and offline, receiving positive feedback from customers on various platforms. The company plans to add more marketplaces in the current fiscal year to further enhance its reach.
Forcas Studio IPO Objectives:
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 IPO Review (Apply or Not)
- Update soon
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 |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Forcas Studio IPO Lot Size:
The Forcas Studio IPO has a minimum market lot of 1,600 shares, requiring an application amount of ₹128,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹128,000 |
| Retail Maximum | 1 | 1600 | ₹128,000 |
| S-HNI Minimum | 2 | 3200 | ₹256,000 |
Forcas Studio IPO Timeline:
The Forcas Studio IPO will open on August 19 and close on August 21. The allotment date is scheduled for August 22, with a potential listing on August 26.
| IPO 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 GMP Today:
The Forcas Studio SME IPO’s grey market premium (GMP) is ₹75. With a price band of ₹80 per share, the estimated listing price is ₹155 (cap price plus today’s GMP). This results in an expected percentage gain of approximately 93.75% per share.
Forcas Studio Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹51.13 | ₹50.58 | ₹0.58 |
| 2022 | ₹53.80 | ₹53.02 | ₹0.81 |
| 2023 | ₹71.62 | ₹70.48 | ₹1.17 |
| Feb 2024 | ₹96.49 | ₹90.95 | ₹5.15 |
Forcas Studio IPO Valuation – FY2023
Check Forcas Studio IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.36 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 13.62% |
| Net Asset Value (NAV): | ₹10.00 per Equity Share |
Peer Group
- Aditya Birla Fashion and Retail Ltd
Company Promoters
- Sailesh Agarwal
- Sourav Agarwal
Forcas Studio IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Forcas Studio IPO Allotment Status
Check Forcas Studio IPO allotment status on MasServices website URL. Click Here
Forcas Studio IPO Lead Managers aka Merchant Bankers
- Horizon Financial Pvt Ltd
Company Address
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/
Forcas Studio IPO FAQs
1. What are the key details of the Forcas Studio IPO?
The Forcas Studio IPO will open on August 19, 2024, and close on August 21, 2024. The IPO allotment date is August 22, 2024, and the shares are expected to list on August 26, 2024.
2. What is the price band for the Forcas Studio IPO?
The price band for the Forcas Studio IPO is set at ₹77 to ₹80 per share.
3. What is the minimum market lot for the Forcas Studio IPO?
The minimum market lot is 1,600 shares, with an application amount of ₹128,000.
4. What is the grey market premium (GMP) for the Forcas Studio IPO?
As of August 16, 2024, the grey market premium (GMP) for the Forcas Studio IPO is ₹75.
5. What is the estimated listing price of the Forcas Studio IPO?
With a GMP of ₹75 and a price band of ₹80, the estimated listing price is ₹155 per share.
6. What is the expected percentage gain or loss per share for the Forcas Studio IPO?
The expected percentage gain per share is approximately 93.75%, based on the estimated listing price.
7. What is Forcas Studio’s business?
Forcas Studio specializes in menswear, including shirts, denim, t-shirts, trousers, sportswear, party wear, and more. The company operates both online and through wholesale channels, serving a wide range of customers across India.
8. Where can I buy Forcas Studio shares?
Shares of Forcas Studio can be purchased through the IPO application process via your broker or through various online platforms that offer IPO services.
9. How can I check the IPO allotment status?
You can check the IPO allotment status on the registrar’s website or through your broker’s portal after the allotment date.
10. What should I do if I have more questions about the Forcas Studio IPO?
For additional information, you can visit the official Forcas Studio IPO website or contact your broker for assistance.
