Incorporated in 2001, Foce India is mainly engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer, etc. These watches are either custom-built or are general in nature. The company supplies wristwatches in bulk to their top 5 Institutional customers constituting approximately 95% of the company’s total revenue. The company also distributes and retails wristwatches made under Brand Name “FOCE” which contributes to 2% of their revenues. Foce India is also involved in the business of corporate gifting (such as Time Piece, Wall Clocks, Belts, Ties, Wallets, Pens, Goggles, etc.) ornamental packaging boxes for watches, selling of watches and other products under royalty brands which constitute around 3% of their total revenue.
On April 06, 2021, Foce India incorporated a wholly-owned subsidiary company namely “FO Industries Private Limited” in Mumbai with an object to carry on the business of manufacturing/ assembling watches and other products and the facilities is being located at Bhiwandi, Near Mumbai.
Competitive Strengths
- Experience of over two decades in the watch industry
- Pan India presence through a network of strategically located retail watch stores
- Experienced promoters and a strong management team and employees
Company Promoters
Mr. Manoj Sitaram Agarwal, Mrs. Anita agarwal, Mrs. Parmeshwari Agarwal are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in Millions) | |||
|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 387.13 | 374.85 | 111.81 | 140.48 |
| Total Revenue | 361.66 | 768.98 | 544.44 | 620.81 |
| Profit After Tax | 15.22 | 19.89 | 16.07 | 15.84 |
Objects Of The Issue
- To meet Working Capital Requirement
- General Corporate Purpose
- Meeting the Issue Expense
Foce India IPO Details
| IPO Opening Date | Dec 13, 2021 |
| IPO Closing Date | Dec 17, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹225 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | NSE SME |
| Issue Size | 1,290,000 Eq Shares of ₹10 (aggregating up to ₹29.03 Cr) |
| Fresh Issue | 900,000 Eq Shares of ₹10 (aggregating up to ₹20.25 Cr) |
| Offer for Sale | 390,000 Eq Shares of ₹10 (aggregating up to ₹8.78 Cr) |
Foce India IPO Tentative Timetable
| IPO Open Date | Dec 13, 2021 |
| IPO Close Date | Dec 17, 2021 |
| Basis of Allotment Date | Dec 21, 2021 |
| Initiation of Refunds | Dec 22, 2021 |
| Credit of Shares to Demat Account | Dec 23, 2021 |
| IPO Listing Date | Dec 27, 2021 |
Foce India IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹135,000 |
| Maximum | 1 | 600 | ₹135,000 |
Foce India IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 73.63% |
Foce India IPO Prospectus
Company Contact Information
| Foce India Limited 4 Kingston, Shastri Nagar, Lokhandwala Complex, Andheri West, Mumbai-400 053, Maharashtra Phone: 022 26349544 Email: office@foceindia.com Website: http://www.foceindia.com/ |
Foce India IPO Registrar
| Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: http://www.purvashare.com |
Foce India IPO FAQs
| When Foce India IPO will open? The Foce India IPO dates are 13 Dec 2021 To 17 Dec 2021. |
| What is the lot size of Foce India IPO? Foce India IPO lot size and the minimum order quantity is 600 Shares. |
| How to apply for Foce India IPO? You can apply in Foce India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. |
| When is Foce India IPO listing date? The Foce India IPO listing date is not announced. The date of Foce India IPO listing is [27 December 2021]. |
