Forcas Studio is into 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 cater pan India through online and wholesale in their brand and also white-labeling for other brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail and many more. The company is in the business of manufacturing and selling menswear garments through online e-commerce platforms and wholesale under the name of ‘FTX’, ‘Tribe’, and ‘Conteno’. The company sells products under its 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, Their brand is also sold through large format stores including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retails.
They transitioned to online business in 2021 to better serve their Pan India clientele. In the two years since they went digital with their menswear product line, they have served about 15,000 plus pin codes in India giving us the benefit of selling to the end consumer directly and understanding their buying pattern. Their products are available on India’s top marketplaces, and we will be adding a few more marketplaces in the current fiscal year. They have received positive customer responses for their products which is reflected in customers’ ratings on the marketplaces. In addition to being present on the top online marketplaces, they are also present in over 500 plus large format stores, which helps us to be visibly present in offline spaces. With more than 1200 SKUs, their product catalog is broad and varied.
Objects of the Issue:
- 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
- May Apply
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 Market Lot
The Forcas Studio IPO minimum market lot is 1600 shares with a ₹128,000 application amount.
| 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 Dates
The Forcas Studio IPO date is August 19 and the IPO close date is August 21. The IPO allotment date is August 22 and the IPO might list 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 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Forcas Studio IPO Form
How to apply Forcas Studio IPO? You can apply Forcas Studio IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Forcas Studio IPO in the Invest section. The other option you can apply Forcas Studio IPO via IPO forms download via the NSE website. Check out the Forcas Studio forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
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: [email protected]
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: [email protected]
Website: http://www.focasstudio.in/
