Forcas Studio IPO is set to launch with a fresh issue of 46.8 lakh shares, aiming to raise around ₹37.44 crores. Specifically, the IPO will open for subscription on August 19, 2024, and close on August 21, 2024. Subsequently, allotment results are expected on August 22, 2024, and shares are scheduled to be listed on the NSE SME on August 26, 2024.
Table of contents
- Forcas Studio IPO Overview
- Company Details
- Forcas Studio Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- Forcas Studio IPO GMP (Grey Market Premium)
- Forcas Studio IPO Application Form PDF
- Forcas Studio IPO Subscription Status
- Forcas Studio IPO Allotment Status
- IPO Review
- Forcas Studio IPO Registrar
- Forcas Studio Lead Manager
- Forcas Studio Limited Contact
- Forcas Studio IPO FAQs
Forcas Studio IPO Overview
| Company Name | Forcas Studio Ltd |
| Industry | Men’s clothing company |
| IPO Issue Type | Book Built Issue |
| Open Date | August 19, 2024 |
| Close Date | August 21, 2024 |
| Total Issue Size | ₹37.44 Crores (4,680,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹37.44 Crores (4,680,000 Equity Shares) |
| Price Band | ₹77 to ₹80 Per Equity Share |
| Listing on | NSE SME |
| Lot Size | 1600 shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 35% of the net offer |
| Shares Offered to QIB | 50% of the net offer |
| Shares Offered to HNI | 15% of the net offer |
Company Details
Forcas Studio, a men’s clothing company founded in 2010, sells shirts, jeans, trousers, and more through its online store and over 500 physical locations across India. With a robust presence on major e-commerce platforms like Flipkart and Myntra, Forcas provides quality, affordable menswear from a catalog of over 1,200 products. As of 2024, the company operates 4 warehouses and employs 68 staff to manage its expanding business. Now, Forcas Studio is launching an IPO at ₹80 per share.
Forcas Studio specializes in menswear, offering a wide range of garments including shirts, denim, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company caters to clients across India through online platforms and wholesale, while also white-labeling for brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail.
Since transitioning to online business in 2021, Forcas Studio has served over 15,000 pin codes in India, allowing direct interaction with consumers and insights into their buying patterns. The company sells products under the brands ‘FTX,’ ‘Tribe,’ and ‘Conteno’ through major e-commerce platforms such as Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solved, and Shopsy. Additionally, Forcas Studio maintains a presence in over 500 large-format stores including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail. Their broad product catalog, with more than 1200 SKUs, continues to receive positive customer feedback and will expand further into new marketplaces this fiscal year.
Forcas Studio Key Dates
| 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 |
Financials (₹ in Crores)
| Year | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹123.79 | ₹39.23 | ₹43.33 |
| Revenue | ₹96.48 | ₹71.62 | ₹53.80 |
| Profit After Tax (PAT) | ₹5.53 | ₹1.14 | ₹0.78 |
| Net Worth | ₹19.01 | ₹8.60 | ₹8.30 |
| Total Borrowings | ₹28.61 | ₹23.25 | ₹24.19 |
Objective of the Issue
- The company will use the funding for warehouse degradation.
- Additionally, it will address the prepayment or repayment of specific secured loans.
- Furthermore, the funds will support working capital requirements and cover general corporate purposes.
Company Promoters
- Sailesh Agarwal
- Sourav Agarwal
Forcas Studio IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Forcas Studio IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Forcas Studio Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Forcas Studio IPO Application Form PDF
To download the Forcas Studio IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Forcas Studio IPO Subscription Status
Forcas Studio IPO subscription kicks off on August 23, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Forcas Studio IPO Allotment Status
To check the Forcas Studio IPO allotment status go to the IPO registrar website MAS SERVICES LIMITED or go to IPO Allotment.
To check Forcas Studio IPO allotment status. Firstly, follow the steps below:
- First, go to the link given above.
- Next, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strength:
- Forcas Studio delivers a diverse assortment of men’s clothing that meets various consumer needs and preferences.
- The company has built robust sales channels, both online on major platforms and offline through over 500 large-format stores across India.
- By serving over 15,000 pin codes in India, Forcas Studio reaches a wide geographic area and enhances market penetration.
- Additionally, collaborating with major retail brands like Landmark Group and V-Mart Retail diversifies Forcas Studio’s revenue streams.
- Operating four warehouses in Kolkata streamlines supply chain management, effectively reducing lead times and managing stock.
- Moreover, establishing in-house brands like ‘FTX,’ ‘Tribe,’ and ‘Conteno’ fosters a loyal customer base and differentiates Forcas Studio in the competitive market.
Risks:
- The men’s apparel market is highly competitive, as numerous local and international brands vie for consumer attention.
- Reliance on online platforms and large-format stores for sales introduces risk, especially if these channels face disruptions or policy changes that impact sales.
- Managing a large distribution network and multiple warehouses presents significant logistical challenges.
- Economic downturns or shifts in consumer spending behavior directly impact sales.
- Changes in trade policies, labor laws, or tax regulations in India could affect operational costs and profit margins.
- Additionally, with a large product range and significant production output, maintaining consistent product quality becomes challenging.
Forcas Studio IPO Registrar
MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020,
Delhi, India.
Telephone: +91 112 638 7281/83, 114 132 0335
Facsimile: +91 112 638 7384
Website: https://www.masserv.com/
Forcas Studio Lead Manager
Horizon Management Private Limited
19 R N Mukherjee Road, Main Building,
2nd Floor, Kolkata- 700 001, West Bengal, India.
Telephone: +91 33 4600 0607
Facsimile: +91 33 4600 0607
Email ID: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Forcas Studio Limited Contact
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
The IPO price band is between ₹77 and ₹80 per share. Consequently, investors will need to decide within this range.
The IPO will be open from August 19 to August 21, 2024. Consequently, investors will have a limited window to participate. Furthermore, it is important to review the offering details before making any decisions.
Forcas Studio specializes in men’s fashion. Specifically, the company focuses on both e-commerce and wholesale clothing and accessories. Moreover, it offers a range of products that cater to various needs and preferences.
Investors should therefore assess the company’s valuation. Additionally, they need to consider market conditions. Furthermore, it is crucial to align these factors with their own financial goals and risk tolerance.
Retail investors need to invest a minimum of ₹128,000.
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