August 26, 2024
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Forcas Studio IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Forcas Studio listing Review
The shares of the company are listed at Rs. 152, on listing cap of 90%. The listing has been above the expectations of the grey market.
Forcas Studio IPO allotment Link
What is the latest grey market premium of Forcas Studio IPO?
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Subscription status of Forcas Studio IPO
Forcas Studio IPO (Closed)Price Rs. 80 Lot 1600 shares, Rs. 37.44 Crore |
||||
| QIB | NII x | RII x | Total x | Applications |
| 205.39 | 701.85 | 415.82 | 416.99 | 4,04,890 (415.82x) |
| Amount wise bids recd. Rs. 15612 Crore | ||||
| Note: Subscription trend strong on last day | ||||
What is the business of Forcas Studio?
Forcas Studio specializes in men’s fashion, offering a diverse range of garments including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, and boxers. Its products cater to customers across India through both online platforms and wholesale channels. It operates under its own brands and also provide white-label services for notable companies such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail.
Its business is focused on manufacturing and selling menswear through e-commerce and wholesale under the brand names ‘FTX,’ ‘Tribe,’ and ‘Conteno.’ It offers its products on leading online retail platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. Additionally, we supply wholesalers who buy in bulk for resale to garment retailers across various states.
Online business model
Since transitioning to an online business model in 2021, Forcas Studio has expanded its reach significantly. It now serves over 15,000 pin codes in India, enabling it to sell directly to consumers and gain valuable insights into their buying patterns. Its products are also featured in more than 500 large-format stores, such as V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.
With over 1,200 SKUs, our product catalogue is extensive and varied, reflecting its commitment to providing high-quality menswear. Its positive customer feedback, as evidenced by ratings on online marketplaces, highlights the satisfaction with its offerings. It plans to add more marketplaces in the current fiscal year to further enhance its reach and visibility.
Get more information about the company @ www.balcopipes.com
Forcas Studio IPO Details |
|
| IPO opens on | 19 August 2024 |
| IPO closes on | 21 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4680000 Shares / Rs 37.44 Crore |
| * Fresh Issue | 4680000 Shares / Rs 37.44 Crore |
| * Offer for Sale – | – |
| Market Maker Portion | 235200 Shares |
| Net offer to Public | 4444800 Shares/ Rs.35.56 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.77-80 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | 2222400 | 17.78 |
| NII (50%) | 666700 | 5.33 |
| RII (50%) | 1555700 | 12.45 |
| Total Shares | 4444800 | 35.56 |
| Retail portion will be oversubscribed by | 972 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.128000 |
| Min HNI Application | 3200 Shares | Rs.256000 |
Who are the Promoters of Forcas Studio IPO?
The Promoters of the company are Sailesh Agarwal and Sourav Agarwal.
What are the Objects of Forcas Studio IPO?
The Offer comprises of only fresh issue of shares.
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- 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
Tentative timetable |
|
| IPO opens on | 19 August 2024 |
| IPO Closes on | 21 August 2024 |
| IPO Allotment on | 22 August 2024 |
| Refund Initiation | 23 August 2024 |
| Credit of Shares | 23 August 2024 |
| Listing on | 26 August 2024 |
| Registered Office of the Company Forcas Studio Limited Tara Maa Tower, B3-71C/161 B B T Road Vivekanandapur, South 24 Parganas Thakurpukur Mahestola – 700141 |
| Who is the Lead Manager of this IPO? Horizon Financial Pvt Ltd |
|
Who is the Registrar to IPO? |
Forcas Studio IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Forcas Studio IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 53.80 | 0.78 | 0.97 | 9.71 |
| 2022-23 | 71.62 | 1.15 | 1.36 | 13.62 |
| 2023-24 11M | 96.49 | 5.53 | 3.99 | 27.06 |
| Book Value of the Share on 29.02.2024 |
Rs | 14.74 | ||
| BV of the Share at cap price after IPO |
Rs. | ? | ||
| Offer Price/upper band | Rs. | 80 | ||
IPO
|
|
| Price/EPS of 2334 11M | 20.05 |
| Price/BV Ratio | 5.43 |
| Price/BV after IPO | ? |
How Forcas Studio IPO compares with the Peers?
The company believes following is its peer group which has been determined on the basis of listed public companies comparable in the similar line of segments in which the Company operates i.e. menswear, whose business segment in part or full may be comparable with that of its business, however, the same may not be exactly comparable in size or business portfolio on a whole with that of the business.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio | |
| Rs. In Crore | of | ||
|
Forcas Studio |
10 | 70 | 20.05 |
| Aditya Birla Fashion | 10 | 12418 | N.A. |
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Forcas Studio IPO Review
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Forcas Studio IPO FAQs
What is Forcas Studio IPO?
This is a SME IPO of 1302000 equity shares of the face value of Rs. 10 aggregating up to Rs.11.85 Crores. The issue is priced at Rs.91 per share. The minimum order quantity is 1200 Shares.
When will Forcas Studio IPO subscription open?
Forcas Studio IPO opens on August 19, 2024, and closes on August 21, 2024.
What is the lot size of Forcas Studio IPO?
Forcas Studio IPO lot size is ? Shares, and the minimum amount required is Rs.?
How to apply for Forcas Studio IPO?
You can apply in Forcas Studio 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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Forcas Studio IPO allotment?
The finalization of Basis of Allotment for Forcas Studio IPO will be done on August 22, 2024, and the allotted shares will be credited to your demat account by August 23, 2024.
When is Forcas Studio IPO listing date?
Forcas Studio IPO listing date is August 26, 2024.
