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.
