Forcas Studio IPO
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 19 Aug 24 – 21 Aug 24 | ₹1,23,200 | 1,600 | ₹77 – ₹80 |
Issue Size | IPO Doc |
|---|---|
| 37.44Cr | RHP PDF |
About Forcas Studio Limited
| Founded in | 2010 |
| Managing director | Mr. Sailesh Agarwal |
| Parent organisation | Forcas Studio Ltd |
Forcas Studio Limited is a prominent player in the Indian menswear market, offering a diverse range of apparel, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company serves customers across India through a combination of online platforms and wholesale distribution under its own brands—FTX, Tribe, and Conteno. Additionally, Forcas Studio provides white-labeling services to well-known brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail.
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Forcas Studio History
Established in April 2010, the company initially focused on offline sales but expanded into online retail in 2021. Today, its products are available on major e-commerce platforms like Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. Forcas Studio also maintains a robust offline presence, with its clothing stocked in over 500 large-format stores, including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.
Forcas Studio sources its fabrics from local markets in Kolkata, Surat, and Mumbai, and outsources manufacturing to local producers in Kolkata. The company boasts a catalogue of more than 1,200 stock-keeping units (SKUs) and operates four warehouses in Kolkata to manage its supply chain efficiently.
As of February 29, 2024, the company is supported by a team of 68 employees, ensuring that business operations, factory management, administration, marketing, and other key functions are effectively managed.
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Forcas Studio IPO Details
The Forcas Studio IPO is a book-built issue, aiming to raise ₹37.44 crores through the fresh issuance of 46.8 lakh shares. The IPO will be open for subscription from August 19, 2024, to August 21, 2024, with allotments anticipated to be finalized on August 22, 2024.
The shares are scheduled to be listed on the NSE SME platform, with a tentative listing date of August 26, 2024.
The IPO price band is established between ₹77 and ₹80 per share, with a minimum application size of 1,600 shares.
Retail investors must invest a minimum of ₹128,000, while High Net Worth Individuals (HNIs) are required to apply for at least two lots, totaling ₹256,000.
Horizon Management Private Limited is the book-running lead manager for the IPO, with Mas Services Limited serving as the registrar. Giriraj Stock Broking is the market maker for this IPO.
For more detailed information, please refer to the Forcas Studio IPO Red Herring Prospectus (RHP).
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Forcas Studio Financial Information (Restated)
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 12,379.43 | 3,923.85 | 4,333.27 | 4,890.73 |
| Revenue | 9,648.78 | 7,162.42 | 5,380.44 | 5,113.14 |
| Profit After Tax | 553.31 | 114.55 | 78.44 | 55.55 |
| Net Worth | 1,901.97 | 860.26 | 830.84 | 711.94 |
| Reserves and Surplus | 611.97 | |||
| Total Borrowing | 2,861.04 | 2,325.26 | 2,419.99 | 2,437.92 |
| Amount in ₹ Lakhs | ||||
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Forcas Studio IPO Timeline
Forcas Studio IPO opens on August 19, 2024, and closes on August 21, 2024.
| IPO Open Date | Monday, August 19, 2024 |
| IPO Close Date | Wednesday, August 21, 2024 |
| Basis of Allotment | Thursday, August 22, 2024 |
| Initiation of Refunds | Friday, August 23, 2024 |
| Credit of Shares to Demat | Friday, August 23, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
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Forcas Studio IPO FAQs
Forcas Studio Limited is an Indian company specializing in menswear, offering a diverse range of clothing, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company serves customers across India through online platforms and wholesale distribution under its own brands—FTX, Tribe, and Conteno.
The company was incorporated in April 2010.
The Forcas Studio IPO is a book-built issue aiming to raise ₹37.44 crores through the fresh issuance of 46.8 lakh shares. The IPO opens for subscription on August 19, 2024, and closes on August 21, 2024.
The price band for the Forcas Studio IPO has been set between ₹77 and ₹80 per share.
The minimum investment required for retail investors is ₹128,000, which corresponds to 1,600 shares.
The shares are tentatively planned to be listed on the NSE SME platform on August 26, 2024.
Horizon Management Private Limited is the book-running lead manager, while Giriraj Stock Broking is the market maker. Mas Services Limited serves as the registrar for the issue.
Yes, Forcas Studio provides white-labeling services for several notable brands, including Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail.
