Forcas Studio Limited IPO

NiftyTrader • August 13, 2024

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Forcas Studio Limited IPO opens on August 19, 2024, and closes on August 21, 2024. The allotment for the Forcas Studio Limited IPO is anticipated to be completed on Thursday, August 22, 2024. The IPO will be listed on the SME and NSE, with a tentative date set for Monday, August 26,2024.

The Forcas Studio Limited IPO’s price band is Rs 77 to Rs 80 per share. The IPO is a book-built issue of Rs 37.44 crores, entirely a fresh issue of 46.8 Lakhs shares.

Forcas Studio IPO Details

IPO Date	August 19, 2024 to August 21, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹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
Shareholding pre-issue	12,900,000
Shareholding post-issue	17,580,000
Market Maker portion	235,200 shares

Forcas Studio IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹128,000
Retail (Max)	1	1600	₹128,000
S-HNI (Min)	2	3200	₹256,000

Forcas Studio IPO Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

Funding for the upgradation of the warehouse;
General Corporate Purpose.
Prepayment or repayment of certain secured loans availed by the company;
Funding of working capital requirements of the company;

About Forcas Studio Limited

Forcas Studio Limited, established in April 2010, specializes in men’s apparel, including shirts, jeans, t-shirts, trousers, sportswear, and more. The company sells its products under the brand names ‘FTX,’ ‘Tribe,’ and ‘Conteno’ through major online platforms like Flipkart, Myntra, Amazon, and others. It also supplies to large-format stores such as V-Mart Retail and City Kart, serving over 15,000 pin codes across India. With four warehouses in Kolkata and a catalog of 1,200+ SKUs, the company employs 68 people and offers white-label services to brands like Landmark Group and Highlander.

Forcas Studio Limited 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

Forcas Studio 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 IPO Timeline

Forcas Studio IPO opens on August 19, 2024, and closes on August 21, 2024.

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
A 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

Conclusion

The Forcas Studio Limited IPO is scheduled to open on August 19, 2024, and close on August 21, 2024, with a listing on the NSE SME expected on August 26, 2024. Priced between Rs 77 to Rs 80 per share, the IPO aims to raise Rs 37.44 crores through a fresh issue of 46.8 lakh shares. The funds will be used for warehouse upgrades, loan repayment, working capital, and general corporate purposes. Forcas Studio, established in 2010, specializes in men’s apparel and operates under the brands ‘FTX,’ ‘Tribe,’ and ‘Conteno,’ selling through major online platforms and large-format stores across India.