Forcas Studio Limited sells men’s clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more.
The company offers a wide range of products, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers for the Indian menswear segment.
The company sells its products through online platform under the brand name of ‘FTX’, ‘Tribe’ and ‘Conteno.
The company has established a presence on all major online platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. Additionally, the company has also sold products through various large-format stores, including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.
The company has served more than 15000 pin codes in India.
The company has a strong offline presence, with a presence on major online marketplaces and in over 500 large-format stores. They offer a wide range of products with a catalogue of over 1200 SKUs.
The company has four warehouses in Kolkata for the purpose of supply chain management.
As of February 29, 2024, the company has 68 employees, including its directors. They are responsible for business operations, factory management, administration, secretarial work, marketing, and accounting functions as per their designated goals.
Forcas Studio IPO – Details
| IPO Opening Date | 19 August 2024 |
| IPO Closing Date | 21 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 46,80,000 Shares Worth ₹37.44 Crore Fresh Issue: 46,80,000 Shares Worth ₹37.44 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹77 – ₹80 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Mas Services Limited |
| QIB Shares Offered | 49.96% |
| Retail Shares Offered | 35.03% |
| NII (HNI) Shares Offered | 15.01% |
Forcas Studio IPO – Date Schedule
| IPO Open Date | 19 August 2024 |
| IPO Close Date | 21 August 2024 |
| Basis of Allotment | 22 August 2024 |
| Initiation of Refund | 23 August 2024 |
| Credit of Shares to Demat Account | 23 August 2024 |
| IPO Listing Date | 26 August 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
Forcas Studio IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,28,000 |
| Retail (Max) | 1 | 1600 | ₹1,28,000 |
| HNI (Min) | 2 | 3200 | ₹2,56,000 |
Competitive Strengths
- Product Design.
- Wide market Outreach.
- Offering fashion to youth of Urban Bharat.
- Strong Sales & Marketing team.
- Highly experienced management team.
- Strong customers’ and suppliers’ relationship.
- Wide range of Products.
Company Promoters
- Sailesh Agarwal
- Sourav Agarwal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 51.13 | 50.57 | 0.58 | 24.37 |
| 31 March 2022 | 53.80 | 53.02 | 0.80 | 24.19 |
| 31 March 2023 | 71.62 | 70.47 | 1.17 | 23.25 |
| 29 February 2024 | 96.48 | 90.95 | 5.14 | 28.61 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.06% |
| ROCE | 18.54% |
| Debt/Equity | 1.5 |
| RoNW | 27.06% |
| PAT Margin (%) | 5.36 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 1.36 | 3.43 |
| P/E (x) | 58.82 | – |
Object Of The Issue
- Funding for upgradation of the warehouse;
- Prepayment or repayment of certain secured loans availed by the company;
- Funding of working capital requirements of the company;
- General Corporate Purposes.
Forcas Studio IPO Promoter Holding
| Pre Issue Share Holding | 82.17% |
| Post Issue Share Holding | 60.30% |
Forcas Studio IPO Prospectus
- Forcas Studio IPO DRHP
- Forcas Studio IPO RHP
Company Contact Information
| Forcas Studio Limited Tara Maa Tower, B3-71C/161 B B T Road Vivekanandapur, South 24 Parganas Thakurpukur Mahestola – 700141, Phone: +91 3329501056 Email: info@focasstudio.in Website: http://www.focasstudio.in/ |
Forcas Studio IPO Registrar
| Mas Services Limited Phone: (011) 2610 4142 Email: ipo@masserv.com Website: https://www.masserv.com/opt.asp |
Forcas Studio IPO Lead Manager(s)
| 1. Horizon Financial Pvt Ltd |
Forcas Studio IPO FAQs
| What is Forcas Studio IPO? Forcas Studio IPO is a SME IPO. The issue is priced at ₹77 and ₹80 per equity share. The IPO is to be listed on NSE SME. |
| When Forcas Studio IPO will open? The IPO is to open on 19 August 2024 for QIB, NII, and Retail Investors. |
| What is Forcas Studio IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the Forcas Studio IPO? You can apply Forcas Studio IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Forcas Studio IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Forcas Studio IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Forcas Studio IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Forcas Studio IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Forcas Studio IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Forcas Studio IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Forcas Studio IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Forcas Studio IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Forcas Studio IPO Size? Forcas Studio IPO size is ₹37.44 Crore. |
| What is Forcas Studio IPO Price Band? Forcas Studio IPO Price Band is ₹77 – ₹80. |
| What is Forcas Studio IPO Minimum and Maximum Lot Size for retail? The minimum bid is 1600 Shares with ₹1,28,000 amount while the maximum bid is 1600 Shares with ₹1,28,000. |
| What is the Forcas Studio IPO Allotment Date? Forcas Studio IPO allotment date is 22 August 2024. |
| What is the Forcas Studio IPO Listing Date? Forcas Studio IPO listing date is 26 August 2024. The IPO is to be listed on NSE SME. |
