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Forcas Studio Ltd IPO

  • Status: Closed
  • RHP:
  • - / - shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    26 Aug 2024

  • Listing Price

    ₹ 152.00

  • Listing Change

    97.40%

  • Last Traded Price

    ₹ 89.90

IPO Details

  • Open Date

    16 Aug 2024

  • Close Date

    21 Aug 2024

  • IPO Price Range

    ₹ 77

  • IPO Size

    ₹ 36.04 - 37.44 Cr

  • Listing Exchange

    TBA

  • Listing Date

    26 Aug 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Forcas Studio Ltd IPO Subscription Status

Last Updated: 26 August 2024 9:58 PM by chetan

Last Updated: 21st August 2024, 5:55 PM by 5paisa

Forcas Studio IPO is set to open on 19 August 2024 and will close on 21 August 2024. The company specializes in men's apparel.

The IPO includes a fresh issue of 46,80,000 shares aggregating up to ₹37.44 Cr. The price range is ₹77 to ₹80 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 22 August 2024. It will go public on NSE SME, with a tentative listing date of 26 August 2024.

Horizon Management Private Ltd is the book-running lead manager, while Mas Services Ltd is the registrar. 

Forcas IPO Size

 

Types Size (₹Cr)
Total IPO size 37.44
Offer for sale -
Fresh issue 37.44

Forcas IPO Lot Size

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

Forcas IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 205.39 8,89,600 18,27,16,800 1,461.73
NII (HNI) 701.83 6,67,200 46,82,62,400 3,746.10
Retail 415.79 15,56,800 64,73,07,200 5,178.46
Total 416.97 31,13,600 1,29,82,86,400     10,386.29

Forcas IPO Anchor Allocation

Anchor Bid Date 16 August 2024
Shares Offered 13,31,200
Anchor portion Size (In ₹ Cr.) 10.65
Anchor lock-in period end date for 50% shares (30 Days) 21 September 2024
Anchor lock-in period end date for remaining shares (90 Days) 20 November 2024

1. Funding for upgradation of the warehouse.
2. Prepayment or repayment of certain secured loans availed.
4. Funding of working capital requirements.
5. General Corporate Purposes.
 

Forcas Studio Limited, founded in April 2010, specializes in men's apparel, offering a diverse product line that includes shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company markets these items both online and in bulk across India under the brand names 'FTX,' 'Tribe,' and 'Conteno.' It also provides white-labeling services to notable clients such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and others.

Forcas Studio's products are available on leading online platforms like Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. The company also has a robust offline footprint, being present in over 500 large-format stores including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.

Operating with a catalog of over 1200 SKUs, Forcas Studio has a widespread distribution network, reaching more than 15,000 pin codes throughout India. The company supports its extensive operations with four strategically located warehouses in Kolkata, optimizing its supply chain management.

As of February 29, 2024, Forcas Studio employs 68 staff members, including directors, who handle diverse roles such as business operations, factory management, administration, marketing, and accounting to achieve their strategic objectives.

Peers

Aditya Birla Fashion and Retail Ltd 

Strengths

1. Forcas Studio offers a diverse assortment of men's clothing catering to various consumer needs and preferences.
2. The company has established strong sales channels online on major platforms, as well as offline in over 500 large-format stores across India.
3. Serving over 15,000 pin codes in India ensures a wide geographic reach and potential market penetration.
4. Collaborating with major retail brands like Landmark Group and V-Mart Retail allows Forcas Studio to diversify its revenue streams.
5. Operating four warehouses in Kolkata aids in efficient supply chain management, reducing lead times and managing stock effectively.
6. The establishment of in-house brands like ‘FTX’, ‘Tribe’, and ‘Conteno’ helps in building a loyal customer base and differentiating in the competitive market.

Risks

1. The men's apparel market is highly competitive with numerous local and international brands vying for consumer attention.
2. Reliance on online platforms and large-format stores for sales can be risky if these channels face disruptions or policy changes that affect sales.
3. Managing a large distribution network and multiple warehouses involves significant logistical challenges.
4. Economic downturns or shifts in consumer spending behavior can directly impact sales.
4. Changes in trade policies, labor laws, or tax regulations in India could affect operational costs and profit margins.
5. With a large product range and significant production output, maintaining consistent product quality can be challenging.
 

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FAQs

Forcas Studio IPO opens from 19th August to 21st August 2024.

The size of Forcas Studio IPO is ₹37.44 Cr.

The price of Forcas Studio IPO is fixed at ₹77 to ₹80 per share. 

To apply for Forcas Studio IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Forcas Studio IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Forcas Studio IPO is 1,600 shares and the investment required is ₹1,28,000.

The share allotment date of Forcas Studio IPO is 22nd August 2024.

The Forcas Studio IPO will be listed on 26th August 2024.

Horizon Management Private Limited is the book-running lead manager for Forcas Studio IPO.

Forcas Studio plans to utilize the raised capital from the IPO for:

1. Funding for upgradation of the warehouse.
2. Prepayment or repayment of certain secured loans availed.
3. Funding of working capital requirements.
4. General Corporate Purposes.