Forcas Studio Limited IPO
- IPO Date19 Aug, 2024 to 21 Aug, 2024
- Listing Date26 Aug, 2024
- Face Value₹10 per share
- Issue Price₹77 to ₹80 per share
- Lot Size1600 Shares
- Minimum Investment₹1,28,000
- Listing AtNSE SME
- Total Issue Size46,80,000 Shares
(aggregating up to ₹37.44 Cr) - Fresh Issue46,80,000 Shares
(aggregating up to ₹37.44 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,29,00,000
- Shareholding post issue1,75,80,000
IPO Dates
Closing Date
21 Aug, 2024
Initiation of Refunds
23 Aug, 2024
Listing Date
26 Aug, 2024
19 Aug, 2024
Opening Date
22 Aug, 2024
Basis of Allotment
23 Aug, 2024
Credit of Shares
Forcas Studio Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 |
| B-HNI (Min) | 1 | 1600 | ₹1,28,000 |
| Retail (Max) | 2 | 3200 | ₹2,56,000 |
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | - | - | - |
Forcas Studio Limited Promoter Holding
The Promoters of the company are Sailesh Agarwal and Sourav Agarwal.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 82.17% | 60.3% |
Forcas Studio Limited COMPANY INFORMATION
Forcas Studio IPO is a book built issue of 46.8 lakh shares. The issue is entirely a fresh issue of 46.8 lakh shares. Forcas Studio IPO opens for subscription on August 19, 2024 and closes on August 21, 2024. The allotment for the Forcas Studio IPO is expected to be finalized on Thursday, August 22, 2024. Forcas Studio IPO will list on NSE SME with tentative listing date fixed as Monday, August 26, 2024. Forcas Studio IPO price bands are yet to be announced. Horizon Financial Pvt Ltd is the book running lead manager of the Forcas Studio IPO, while Mas Services Limited is the registrar for the issue. The market maker for Forcas Studio IPO is Giriraj Stock Broking. Refer to Forcas Studio IPO RHP for detailed information.
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.
Forcas Studio Limited IPO Analysis
The document provided outlines key details regarding Forcas Studio Limited's Initial Public Offering (IPO). Below is a comprehensive summary, analysis, and pros and cons of the IPO, structured for SEO optimization.
Overview of Forcas Studio Limited IPO
Forcas Studio Limited is seeking to raise capital through an IPO, offering equity shares to the public. The proceeds will be used to fund the company's business operations, expansions, and possibly to meet other corporate needs. The IPO is an essential step for the company to increase its market presence and financial strength.
Key Details of the IPO
- Company: Forcas Studio Limited
- Offer Type: Initial Public Offering (IPO)
- Purpose of IPO: Raising capital for expansion and business operations.
- Use of Proceeds: Expansion, debt repayment, working capital, and other corporate purposes.
Pros of Investing in Forcas Studio Limited IPO
Growth Potential: Forcas Studio operates in an industry with substantial growth opportunities, which can lead to significant returns for investors.
Strong Business Model: The company has a well-established business model that has shown resilience and adaptability in a competitive market.
Expansion Plans: Proceeds from the IPO will be utilized for expansion, which could enhance the company’s market share and revenue streams.
Market Position: The company has established a strong position in its niche market, which may provide a competitive advantage.
Experienced Management Team: Led by an experienced management team with a deep understanding of the industry, the company is well-positioned to navigate challenges and seize opportunities.
Cons of Investing in Forcas Studio Limited IPO
Market Risks: As with any investment, market risks are inherent. The company operates in a competitive environment, and external factors could impact performance.
IPO Pricing: The pricing of the IPO could be a concern for potential investors, particularly if it is perceived to be overvalued.
Use of Proceeds: The broad scope of how the IPO proceeds will be used could raise concerns about the effective allocation of funds.
Regulatory Risks: The company may face regulatory challenges that could impact its operations and profitability.
Economic Factors: Global and local economic conditions could influence the company’s performance post-IPO.
Conclusion
Investing in the Forcas Studio Limited IPO offers both potential rewards and risks. The company’s growth potential, strong market position, and experienced management are significant positives. However, investors should also consider the inherent market risks, IPO pricing, and economic factors before making a decision.
FAQs About Forcas Studio Limited Ipo
Forcas Studio Limited IPO will open on 19 Aug, 2024 and close on 21 Aug, 2024. Investors must apply within this period to participate.
The Forcas Studio Limited IPO price band is set between ₹77.00 and ₹80.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹128000.00.
The Forcas Studio Limited IPO shares are expected to be listed on 26 Aug, 2024, subject to regulatory approvals and final allotment.
You can track your Forcas Studio Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Forcas Studio Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.