Forcas Studio IPO Subscription Status

Forcas Studio IPO - Day 3 Subscription at 415.15 Times

Forcas Studio IPO closed on 21st August 2024. The shares of Forcas Studio IPO are likely to be listed on August 26 and will make a trading debut on the NSE SME platform.

On 21st August 2024, the Forcas Studio IPO received bids for 1,29,26,22,400 shares, much more than the 31,13,600 shares available. This means that by the end of the third day, the IPO had been oversubscribed by 415.15 times.
 

Here are the subscription details for Forcas Studio IPO as of Day 3 (21st August 2024 at 4:33:59 PM):

The Forcas Studio IPO subscription was primarily driven by HNI/NII investors, who showed the highest level of interest, followed by retail investors. Qualified Institutional Buyers (QIBs) also participated significantly, though their interest typically peaks towards the final hours of the last day of the subscription period. It's worth noting that the overall subscription figures presented here do not include the portions reserved for anchor investors or the market maker segment of the IPO.

QIBs, which include large institutional investors such as mutual funds and insurance companies, generally play a significant role in stabilising the IPO. In contrast, HNIs/NIIs—comprising wealthy individual investors and smaller institutions—often seek opportunities for substantial returns. On the other hand, retail investors typically consist of individual participants who contribute to the breadth of the IPO’s appeal. The strong participation across all these categories underscores the market's confidence in Forcas Studio's business prospects.
 

Subscription Status of Forcas Studio IPO for Days 1, 2, and 3

On day 1, Forcas Studio IPO was subscribed 36.51 times. At the end of day 2, the subscription has risen to 104.08 times; on day 3, it reached 415.15 times.

Complete subscription details for the Forcas Studio IPO by category as of Day 3 (21st August 2024 at 4:33:59 PM):

Forcas Studio's IPO received a varied response from different investor categories. The Market Maker and Anchor Investors fully subscribed at 1 time each, showing a stable and expected level of interest. Qualified Institutional Buyers (QIBs) displayed significant enthusiasm, subscribing to the IPO over 200 times. Non-Institutional Investors (NIIs), including High Net-Worth Individuals (HNIs), showed an even more remarkable response, with subscriptions reaching over 700 times. Retail investors were also highly engaged and subscribed to the offering over 400 times. Overall, the Forcas Studio IPO was subscribed more than 400 times across all categories, reflecting strong market confidence in the company’s prospects.

Forcas Studio IPO - Day 2 Subscription at 99.01 Times

At the end of Day 2, the Forcas Studio IPO had been subscribed 99.01 times. The public issue saw significant demand on 20th August 2024, with the retail category subscribed 156.74 times, QIBs subscribed 5.61 times, and the NII category subscribed 88.85 times.

Here are the subscription details for Forcas Studio IPO as of Day 2 (20th August 2024 at 4:29:58 PM):

Forcas Studio IPO saw strong interest across all investor categories. Anchor investors and the market maker fully subscribed to their respective portions. Qualified Institutional Buyers (QIBs) showed moderate enthusiasm, while High Net-worth Individuals (HNIs) and Non-Institutional Investors (NIIs) demonstrated substantial demand.

Retail investors, however, displayed the highest level of interest, significantly oversubscribing their allocated shares. Overall, the IPO was well-received, with the total subscription reflecting broad-based confidence in the company’s prospects, as demand from all investor categories surpassed the available shares, indicating strong market sentiment towards Forcas Studio.

Here are the complete subscription details for the Forcas Studio IPO as of Day 2 (20th August 2024 at 4:29:58 PM):

On day 1, Forcas Studio IPO was subscribed 36.51 times. By day 2, the subscription status had risen to 99.01 times. The final status will be clear after the end of day 3. Forcas Studio IPO received a varied response from different investor categories. Both the Market Maker and Anchor Investors fully subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 5.61 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 88.85 times, and Retail Investors at 156.74 times. Overall, Forcas Studio IPO was subscribed by 99.01 times.

Forcas Studio IPO- Day 1 Subscription at 34.85 Times

The Forcas Studio IPO will close on 21 August 2024, and shares will likely be listed on 26 August 2024. After that, the company shares will make a trading debut on the NSE SME platform.

On 19 August 2024, the Forcas Studio IPO received 10,84,97,600 bids for much more than the available 31,13,600 shares. This means the company was oversubscribed by 34.85 times by the end of Day 1

Here are the subscription details for Forcas Studio IPO as of Day 1( 19th August 2024 at 4:41:59 PM):

Forcas Studio IPO subscription was primarily driven by retail investors, followed by High-Net-Worth Individuals (HNIs)/NIIs, with no interest from Qualified Institutional Buyers (QIBs) on day 1. It is common for QIBs and HNIs/NIIs to increase their subscriptions in the final hours of the last day. The overall subscription figures do not include the IPO's anchor portion or market-making segment.

QIBs are large institutional investors like mutual funds and insurance companies, while HNIs/NIIs are wealthy individual investors and smaller institutions.

Here are the subscription details for Forcas Studio IPO as of Day 1( 19th August 2024 at 4:41:59 pm)

On day 1, Forcas Studio IPO was subscribed 34.85 times. Qualified Institutional Buyers (QIBs) did not show any subscriptions with a rate of 0.00 times.HNIs / NIIs portion subscribed at 27.76 times while Retail Investors subscribed at 57.80 times. Overall, the IPO was subscribed 34.85 times.

About Forcas Studio IPO

Forcas Studio Limited, incorporated in April 2010, is a supplier of men's apparel, including boxers, shirts, jeans, t-shirts, trousers, sportswear, and party and fashion wear. Customers from all around India can purchase these products from the company online in large quantities. Additionally, it provides white-labelling services for other brands, including Cobb, Kontail, Highlander, V-Mart Retail, V2 Retail, and Landmark Group.

The company provides many items for the Indian menswear market, such as boxers, shirts, denim, t-shirts, cotton pants, sportswear, party wear, and fashion.

The brands "FTX," "Tribe," and "Conteno" are used by the corporation to sell its goods online. Ajio, Jio Mart, Amazon, Myntra, Shopsy, Glowroad, Limeroad, Solvd, and Flipkart are just a few of the well-known online marketplaces where the company is currently. In addition, the business has sold goods through several large-format retailers, including as City Kart, Metro Bazar, Kothari Retail, V-Mart Retail, and V2 Retail.

The organisation has serviced over 15000 Indian PIN codes. In addition to being present in over 500 large-format stores, the brand is well-represented offline on prominent e-commerce platforms. With a more than 1200 SKUs catalogue, it provides a wide selection of goods.

For supply chain management, the organisation has four warehouses in Kolkata. Including its directors, the corporation employed 68 people as of February 29, 2024. As long as they meet their objectives, they are in charge of business operations, factory management, administration, secretarial work, marketing, and accounting.
 

Highlights of the Forcas Studio IPO

• IPO price band: ₹77 to ₹80 per share.
• Minimum application lot size: 1600 shares.
• Minimum investment for retail investors: ₹128,000.
• Minimum investment for High Net-worth Investors (HNI): 2 lots (3,200 shares), ₹256,000.
• Registrar: Mas Services Limited.