Forcas Studio is scheduled to hit the market on August 19, 2024 and close on August 21, 2024. Forcas Studio plans to raise around ₹37.44 Cr through an IPO with a sale of up to 4,680,000 equity shares of ₹10 each. The Retail offered 35.03%, QIB Shares Offered 49.96%, HNI Shares Offered 15.01%.
Forcas Studio Limited, incorporated in April 2010, specializes in selling men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company operates both online and in bulk throughout India, providing white-labeling services to brands such as Landmark Group, V-Mart Retail, V2 Retail, and Highlander. Under the brand names ‘FTX,’ ‘Tribe,’ and ‘Conteno,’ Forcas Studio has established a strong presence across major online platforms like Flipkart, Myntra, Amazon, and more. Additionally, the company distributes products through various large-format stores, including V-Mart Retail and Metro Bazar, reaching over 15,000 pin codes in India.
With a catalogue of over 1,200 SKUs and a robust offline presence in more than 500 large-format stores, Forcas Studio has set up four warehouses in Kolkata to enhance its supply chain management. As of February 29, 2024, the company employs 68 individuals who manage various functions such as business operations, factory management, marketing, and accounting, ensuring efficient service delivery and operations aligned with the company's goals.
Forcas Studio IPO Details
Forcas Studio IPO opens on August 19, 2024, and closes on August 21, 2024. The Listing date for Forcas Studio IPO is on August 26, 2024. The price band for IPO is ₹77 to ₹80 per share and lot size of 1600 Shares.
| IPO Date | August 19, 2024 to August 21, 2024 |
| Listing Date | August 26, 2024 |
| Price | ₹77 to ₹80 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹37.44 Cr |
| Face Value | ₹10 per share |
Forcas Studio IPO Tentative Timetable
Forcas Studio opening date is August 19, 2024 and close date is August 21, 2024. The IPO allotment date is August 22, 2024. Therefund initiation of IPO is on August 23, 2024. The credit of shares in demat account is on August 23, 2024. The listing date is on August 26, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 19, 2024 |
| IPO Closing | August 21, 2024 |
| IPO Allotment Date | August 22, 2024 |
| Refund Initiation | August 23, 2024 |
| Shares Credit to Demat | August 23, 2024 |
| Lisiting Date | August 26, 2024 |
Forcas Studio IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹128,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹128,000 |
| Retail(Maximum) | 1 | 1600 | ₹128,000 |
| HNI (Minimum) | 2 | 3200 | ₹256,000 |
Forcas Studio IPO Promoter Holding
| Pre Issue Share Holding | 82.17% |
| Post Issue Share Holding | 60.30% |
Forcas Studio IPO Review
Forcas Studio Ltd. (FSL) is set to make its debut on the stock market with a maiden IPO offering 4,680,000 equity shares priced between ₹77 and ₹80 per share. The company specializes in affordable menswear and has made significant strides by expanding its online and offline presence. FSL sells a range of products including shirts, denims, and t-shirts through popular e-commerce platforms like Flipkart, Myntra, and Amazon, as well as through large-format retail stores across India. Since transitioning to online sales in 2021, FSL has catered to over 15,000 pin codes nationwide, gaining traction particularly in Tier-2, Tier-3, and Tier-4 cities. This strategic focus aims to deliver stylish and affordable fashion to the broader Indian market.
Financially, FSL has demonstrated a growth trajectory, with FY23 reporting revenue of ₹71.62 crore and a net profit of ₹1.17 crore. The company’s performance for FY24 shows significant improvement, with an annualized net profit of ₹5.15 crore on a revenue of ₹96.49 crore. The IPO proceeds will be allocated for warehouse upgrades, debt repayment, working capital, and general corporate purposes. Despite the company’s positive growth narrative, the IPO is priced aggressively with a P/E ratio of 25.08 based on FY24 earnings and high P/BV ratios, suggesting that the current valuation may be steep relative to earnings.
Investors should consider the potential long-term benefits of FSL’s market strategy and its growth prospects in underserved regions. While the IPO appears aggressively priced based on recent earnings and valuation metrics, the company’s ambitious expansion into affordable fashion and its operational efficiencies could offer upside potential. For well-informed investors with a long-term outlook, investing in FSL could be a strategic move to capitalize on its evolving market position and anticipated financial improvements, despite the higher risk associated with its current valuation.
Forcas Studio IPO Subscription Status (Bidding Details)
Table not foundForcas Studio IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Forcas Studio IPO FAQs
What is Forcas Studio IPO?
Forcas Studio is issuing 4,680,000 equity shares with a face value of ₹10 each, totaling up to ₹37.44 Cr. The shares are being offered at a price of ₹77 to ₹80 each, with a minimum order quantity of 1600 shares.
Mas Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Forcas Studio IPO will open?
Forcas Studio will open on August 19, 2024 for QIB, NII, and Retail Investors.
When Forcas Studio IPO will end?
Forcas Studio will end on August 21, 2024.
What is Forcas Studio IPO Size?
Forcas Studio IPO size is ₹37.44 Cr.
What is Forcas Studio IPO Price Band?
Forcas Studio price band is ₹77 to ₹80 per share.
What is the Forcas Studio IPO Allotment Date?
Forcas Studio allotment date is August 22, 2024.
What is the Forcas Studio IPO Listing Date?
Forcas Studio listing date is August 26, 2024. The IPO is to be listed on BSE and NSE.
How to Forcas Studio IPO through Zerodha?
To apply for the IPO “Forcas Studio” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Forcas Studio IPO through Upstox?
To apply for the IPO “Forcas Studio” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Forcas Studio IPO Allotment Status?
For Forcas Studio IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Forcas Studio IPO GMP?
You can check out here: Forcas Studio IPO GMP