Foce India Limited IPO (Foce India IPO)

Foce India IPO 2021
Upcoming Foce India IPO | New Foce India IPO

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.

Foce India IPO

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

ParticularsFor the year/period ended (₹ in Millions)
30-Jun-2131-Mar-2131-Mar-2031-Mar-19
Total Assets387.13374.85111.81140.48
Total Revenue361.66768.98544.44620.81
Profit After Tax15.2219.8916.0715.84

Objects Of The Issue

  • To meet Working Capital Requirement
  • General Corporate Purpose
  • Meeting the Issue Expense
Foce India IPO
Object Of The Issue

Foce India IPO Details

IPO Opening DateDec 13, 2021
IPO Closing DateDec 17, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹225 per equity share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtNSE SME
Issue Size1,290,000 Eq Shares of ₹10
(aggregating up to ₹29.03 Cr)
Fresh Issue900,000 Eq Shares of ₹10
(aggregating up to ₹20.25 Cr)
Offer for Sale390,000 Eq Shares of ₹10
(aggregating up to ₹8.78 Cr)

Foce India IPO Tentative Timetable

IPO Open DateDec 13, 2021
IPO Close DateDec 17, 2021
Basis of Allotment DateDec 21, 2021
Initiation of RefundsDec 22, 2021
Credit of Shares to Demat AccountDec 23, 2021
IPO Listing DateDec 27, 2021

Foce India IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum1600₹135,000
Maximum1600₹135,000

Foce India IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding73.63%

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
Websitehttp://www.foceindia.com/

Foce India IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Websitehttp://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].