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Forcas Studio Ltd

Forcas Studio Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹80
₹80
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹80
Based on GMP
Min. Investment
₹128,000
1 lot × 1600 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
19 Aug 2024
Close Date
21 Aug 2024
Allotment
22 Aug 2024
Listing Date
26 Aug 2024
Exchange
BSE SME
Price Band
₹80
Listing Price
See chart
Allotment Status
Price Band
₹80
Per share
Face Value
₹10 per share
 
Lot Size
1,600 Shares
per lot
Issue Size
46,80,000 shares (aggregating up to ₹37.44 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹128,000
1 lot
Pre-IPO Holding
1,29,00,000 shares
Promoters
Post-IPO Holding
1,75,80,000 shares
Promoters
P/E (Pre)
90.09x
 
P/E (Post)
23.3x
 
EPS (Pre)
₹0.89
 
EPS (Post)
₹3.43
 
UPI Deadline
2024-08-21
Mandate
Anchor AllotmentSun, 18 Aug 2024
Basis of AllotmentThu, 22 Aug 2024
Refund InitiationFri, 23 Aug 2024
Demat CreditFri, 23 Aug 2024
Listing DayMon, 26 Aug 2024
UPI Mandate Deadline2024-08-21
Sale TypeFresh Capital
Net Offer to Public44,44,800 shares (aggregating up to ₹35.56 Cr)
Market Maker Quota2,35,200 shares (aggregating up to ₹1.88 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Forcas Studio Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Aug 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
235,200
₹1.88
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
4,680,000
100% ₹37.44
IPO Shares Offered
Forcas Studio Ltd IPO total issue size: ₹37.44 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 235,200 ₹1.88
5.03%
Total 4,680,000 ₹37.44
100.00%
* Based on upper price band ₹80 per share
Lot Size & Investment
Lot Size
1,600
Shares per Lot
Issue Price
₹80.00
Upper Band
Min Investment
₹128,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)23,200₹256,000
Retail (Max — 13 Lots)1320,800₹1,664,000
S-HNI (Min — 14 Lots)1422,400₹1,792,000
B-HNI (Min — 68 Lots)68108,800₹8,704,000
* Issue Price ₹80 × Lot Size 1,600 shares
IPO Schedule
Anchor
18 Aug 2024
✓ Done
IPO Open
19 Aug 2024
✓ Done
IPO Close
21 Aug 2024
✓ Done
Allotment
22 Aug 2024
✓ Done
Refunds
23 Aug 2024
✓ Done
Demat Credit
23 Aug 2024
✓ Done
Listing Day
26 Aug 2024
✓ Done
Forcas Studio Ltd — Live Price LIVE
₹80.00
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Issue ₹80.00 Live Price
About Forcas Studio Ltd
Incorporated in April 2010, 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.
Objects of the Issue
1
Funding for upgradation of the warehouse;
2
Prepayment or repayment of certain secured loans availed by the company;
3
Funding of working capital requirements of the company;
4
General Corporate Purposes.
Forcas Studio Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹5,380.4
31 Mar 2022
₹7,162.4
31 Mar 2023
₹9,648.8
29 Feb 2024
Profit After Tax (PAT)
₹78.4
31 Mar 2022
₹114.6
31 Mar 2023
₹553.3
29 Feb 2024
Particulars29 Feb 202431 Mar 202331 Mar 2022
Revenue from Operations 9648.78 7162.42 5380.44
EBITDA N/A N/A N/A
Profit After Tax (PAT) 553.31 114.55 78.44
Net Worth 1901.97 860.26 830.84
Total Assets 12379.43 3923.85 4333.27
Reserves & Surplus 611.97 N/A N/A
Borrowings 2861.04 2325.26 2419.99
EBITDA Margin (%) N/A
PAT Margin (%) 5.36%
P/BV Ratio
5.43
RoE
27.06%
RoCE
18.54%
RoNW
27.06%
PAT Margin
5.36%
Debt/Equity
1.50
Issue Structure & Shareholding
Total Shares Offered46,80,000 (100.00%)
Net Offer to Public44,44,800 shares (aggregating up to ₹35.56 Cr)
Reserved for Market Maker2,35,200 shares (aggregating up to ₹1.88 Cr)
Pre-Issue Promoter Holding1,29,00,000 shares
Post-Issue Promoter Holding1,75,80,000 shares
P/BV Ratio5.43
RoE27.06%
RoCE18.54%
Debt / Equity1.50
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Horizon Management Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Forcas Studio Ltd IPO subscribed?

Forcas Studio Ltd IPO is subscribed 1.00 times by Aug 21, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Forcas Studio Ltd IPO retail subscription status?

The Forcas Studio Ltd IPO retail category is subscribed 1.00 times as of 21 Aug 2024. The retail portion is oversubscribed.

How to subscribe Forcas Studio Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 19 Aug 2024 and closes 21 Aug 2024. Min investment: ₹128,000 (1 lot = 1,600 shares). UPI mandate: 2024-08-21.

How many times Forcas Studio Ltd IPO subscribed?

The Forcas Studio Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Forcas Studio Ltd IPO allotment?

Check allotment on the registrar website (MAS Services Ltd) at https://www.masserv.com/opt.asp. Enter your PAN, application number or DP/Client ID. Allotment date: 22 Aug 2024. Refunds: on 23 Aug 2024.

When Forcas Studio Ltd IPO will be listed?

The Forcas Studio Ltd IPO listing date is 26 Aug 2024, Monday. Listed on: BSE SME. Issue price: ₹80. Estimated listing: ₹80. GMP: NIL.

When Forcas Studio Ltd IPO close?

The Forcas Studio Ltd IPO closes on 21 Aug 2024, Wednesday. UPI mandate: 2024-08-21. Allotment: 22 Aug 2024. Listing: 26 Aug 2024.