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Forcas Studio IPO

Forcas Studio IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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Forcas Studio IPO

#1. Quick Intro to Forcas Studio IPO

The initial public offering (IPO) of Forcas Studio will open for subscription on August 19 and close on August 21, comprising fresh issues of Rs.37.44 crore. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on August 26, 2024.  

Forcas Studio Limited (2010) is Menswear and deals in men’s garments such as Shirts, Denim, T-shirts, trousers, Cotton pants,sports-wear, party-wear, fashion wear, boxers etc. and caters pan India through online and wholesale in our own brand and also white-labelling for other brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail and many more. The Company manufactures and sells menswear garments through online e-commerce platforms and wholesale under the name of ‘FTX’, ‘Tribe’ and ‘Conteno’. The Company sells products under its own brand through the most popular retail online e-commerce platforms namely, Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solved and Shopsy. The wholesale business comprises sales to wholesalers who purchase in bulk for onward sales to garment retailers in different states of the country. Further, the brand also is sold through large format stores including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail and Sarvana Retails.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Forcas Studio    

The company intends to use the IPO Funds for the following purposes: 

  1. Funding for the upgradation of the warehouse 
  2. Prepayment/PartPayment of all or certain part of outstanding borrowing 
  3. Funding towards the working capital requirement of the company
  4. General corporate purposes and issue expenses. 

#3. Forcas Studio Core Strengths 

  1. Product design
  2. Wide market outreach
  3. Strong sales and marketing team
  4. Wide product ranges
  5. Experienced management team

#4. Forcas Studio IPO Review & Rating

Issue Size  Rs.37.44 crore
Issue Price  Rs.77-80 per share 
Minimum Lot Size 1600 Shares
Total Profit (Latest)  Rs.553.31 lakhs
ROE (%) 27.06
RONW (%) 18.54
Listing on NSE (SME)
IPO Deliver Rating One

 

#5. Forcas Studio IPO Dates, Price Band & Details

Forcas Studio IPO will open on August 19, 2024, and close on August 21, 2024. The IPO is to be listed on August 26, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.37.44 crore
Price Brand Rs.77-80 per share
Face Value Rs. 10/- per share
IPO Open Date August 19, 2024
IPO Close Date August 21, 2024
IPO Allotment Date August 22, 2024
Refund Date August 23, 2024
Share Credit Date August 23, 2024
Listing Date August 26, 2024

 

#6. Forcas Studio IPO Offer Details

Forcas Studio IPO’s total issue size is 46,80,200 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue         46,80,200     Rs.37.44
Offer for Sale (OFS) – –

 

#7. Forcas Studio Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) Feb 29, 2024 March 2023 March 2022
Total Revenue 9607.24 6960.40 5320.02
Net Worth 1901.97 860.26 830.84
Profit 514.75 117.19 80.17
Total Borrowings 2861.04 2325.26 2419.99

 

#8. Forcas Studio Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period February 29, 2024, March 31, 2023 and March 31, 2022. 

Category Feb 29, 2024 March 2023 March 2022
EPS (Rs.) 3.99 1.36 0.97
RoNW (%) 27.06 13.62 9.71
NAV (Rs.) 14.74 –

 

#9. Forcas Studio Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(In Lakhs)

 RoNW (%) NAV
Aditya Birla Fashion 1241790 (1.70) 35.20
– – – –

 

#10. Forcas Studio Company Promoters 

The company has two promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Sailesh Aggarwal
02. Sourav Aggarwal

 

Click here for the previous SME IPO

#11. Forcas Studio Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  82.17
Post-issue 60.30

 

#12. Forcas Studio IPO Reservation Details

Forcas Studio IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

 

#13. Forcas Studio IPO – Lot Size

An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1600 1,28,000
Retail (Max.) 1 1600 1,28,000
HNI (Min.) 2 3200 2,56,000

 

#14. Forcas Studio IPO – Prospectus Copy

An investor can download/view the Forcas Studio prospectus copy, which the company filed to exchange, details are as follows. 

Forcas Studio IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Forcas Studio IPO Registrar 

Mas Services Limited 

Website: www.masserv.com

#16. Forcas Studio IPO Lead Managers

Horizon Management Private Limited

Website: www.horizon.net.in

#17. Forcas Studio IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Forcas Studio IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Forcas Studio Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Forcas Studio Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Forcas Studio Company Details

Forcas Studio Limited 

Registered Office: Tara Maa Tower, B3-71C/161 B BT Road, Vivekanandapur, South 24Parganas, Thakurpukur Mahestola – 700 141, West Bengal, India.

Email: info@forcasstudio.in

Website: www.forcasstudio.in

#19. Forcas Studio Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Forcas Studio Company Board (Top 2)

Sr. No. Name of Directors
01. Sailesh Aggarwal
02. Sourav Aggarwal

 

Forcas Studio IPO – Frequently Asked Questions (FAQs)

#1. What is a Forcas Studio IPO?

Forcas Studio brings its IPO of Rs.37.44 crore, on August 19, 2024, with a price band of Rs.77-80 per share.

 

#2. What is the Forcas Studio IPO Open date?

Forcas Studio IPO’s opening date is August 19, 2024.

 

#3. What is the Forcas Studio IPO Close Date?

Forcas Studio IPO’s closing date is August 21, 2024.

 

#4. What is the Forcas Studio IPO Listing date?

Forcas Studio’s IPO listing date is August 26, 2024.

 

#5. What is the Forcas Studio IPO Minimum investment amount?

Forcas Studio IPO’s minimum investment amount is Rs. 1,28,000

 

#6. What is the Forcas Studio IPO offer issue Size?

Forcas Studio offers an issue size of Rs.37.44 crore.

 

#7. What is the Forcas Studio IPO Price Band?

Forcas Studio’s IPO price band is Rs.77-80 per share.

 

#8. Is Forcas Studio IPO mainboard IPO or SME IPO?

Forcas Studio IPO is an SME IPO.

 

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