The Forcas Studio IPO is a book-built issue valued at ₹37.44 crores, consisting entirely of a fresh issue of 46.8 lakh shares.
The IPO will open for subscription on August 19, 2024, and close on August 21, 2024. Allotment is expected to be finalized on Thursday, August 22, 2024, with a tentative listing on the NSE SME on Monday, August 26, 2024.
The price band for the Forcas Studio IPO is set between ₹77 and ₹80 per share. The minimum lot size for an application is 1,600 shares, requiring a minimum investment of ₹128,000 for retail investors. High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots (3,200 shares), amounting to ₹256,000.
- Book Running Lead Manager – Horizon Management Private Limited
- Registrar of the Issue – Mas Services Limited
- Market Maker – Giriraj Stock Broking
Below are the details of Forcas Studio Limited 2024 IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Forcas Studio Limited IPO Details
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹77 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,680,000 shares (aggregating up to ₹37.44 Cr) |
| Fresh Issue | 4,680,000 shares (aggregating up to ₹37.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,900,000 |
| Share holding post issue | 17,580,000 |
| Market Maker portion | 235,200 shares |
Forcas Studio Limited IPO Timeline
| IPO Open Date | Monday, August 19, 2024 |
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| Credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Forcas Studio Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
Forcas Studio Limited IPO Reservation
| 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 Limited IPO Promoters
The Promoters of the company are Sailesh Agarwal and Sourav Agarwal.
| Share Holding Pre Issue | 82.17% |
| Share Holding Post Issue | 60.30% |
Forcas Studio Limited IPO Financial Information
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 12,379.43 | 3,923.85 | 4,333.27 | 4,890.73 | ||||||||||||||||||||||||||||||||||||
| Revenue | 9,648.78 | 7,162.42 | 5,380.44 | 5,113.14 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 553.31 | 114.55 | 78.44 | 55.55 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,901.97 | 860.26 | 830.84 | 711.94 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 611.97 | |||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,861.04 | 2,325.26 | 2,419.99 | 2,437.92 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Forcas Studio Limited IPO Review
Founded in April 2010, Forcas Studio Limited specializes in men’s clothing, offering a variety of products, including shirts, jeans, t-shirts, trousers, sportswear, party wear, and boxers. The company sells its products under the brand names ‘FTX,’ ‘Tribe,’ and ‘Conteno’ through major online platforms like Flipkart, Myntra, Amazon, and more. Additionally, Forcas Studio provides white-labeling services for brands like Landmark Group and V-Mart Retail.
Forcas Studio has a strong presence both online and offline, with products available on major e-commerce platforms and in over 500 large-format stores across India. The company has served customers in more than 15,000 pin codes and offers a catalog of over 1,200 SKUs.
To manage its supply chain, the company operates four warehouses in Kolkata. As of February 29, 2024, Forcas Studio employs 68 people who handle various aspects of the business, including operations, factory management, marketing, and administration.
FAQs about Forcas Studio IPO 2024
Q1. What is the Forcas Studio Limited IPO?
Ans. The Forcas Studio Limited IPO is a book-built issue valued at ₹37.44 crores, consisting entirely of a fresh issue of 46.8 lakh shares.
Q2. When does the Forcas Studio Limited IPO open and close for subscription?
Ans. The Forcas Studio Limited IPO opens on August 19, 2024, and closes on August 21, 2024.
Q3. What is the price band for the Forcas Studio Limited IPO?
Ans. The price band for the Forcas Studio Limited IPO is set between ₹77 and ₹80 per share.
Q4. What is the minimum investment required for retail investors in the Forcas Studio Limited IPO?
Ans. Retail investors must invest a minimum of ₹128,000, corresponding to 1,600 shares.
Q5. When will the Forcas Studio Limited IPO be listed on the stock exchange?
Ans. The Forcas Studio Limited IPO is expected to be listed on the NSE SME on August 26, 2024.
Q6. How many shares are being offered in the Forcas Studio Limited IPO?
Ans. The IPO offers 46.8 lakh shares, all of which are part of the fresh issue.
Q7. What products does Forcas Studio Limited specialize in?
Ans. Forcas Studio Limited specializes in men’s clothing, including shirts, jeans, t-shirts, trousers, sportswear, party wear, and boxers, which are sold under the brand names ‘FTX,’ ‘Tribe,’ and ‘Conteno.’
Q8. Where does Forcas Studio Limited sell its products?
Ans. Forcas Studio Limited sells its products on major online platforms like Flipkart, Myntra, Amazon, and in over 500 large-format stores across India.