Forcas Studio Limited IPO (Forcas Studio IPO) Date, Price, GMP & Allotment 2024

Forcas Studio Limited IPO Overview

The Forcas Studio IPO is a book-built issue consisting of 46.8 lakh shares, with the entire offering being a fresh issue of 46.8 lakh shares.

The Forcas Studio IPO will open for subscription on August 19, 2024, and close on August 21, 2024. The allotment of shares is expected to be finalized on Thursday, August 22, 2024. The IPO is set to list on the NSE SME, with the tentative listing date scheduled for Monday, August 26, 2024.

The price bands for the Forcas Studio IPO have yet to be announced.

Horizon Financial Pvt Ltd is the book-running lead manager for this IPO, while Mas Services Limited is the registrar. Giriraj Stock Broking is acting as the market maker for the Forcas Studio IPO.

For more detailed information, please refer to the Forcas Studio IPO Red Herring Prospectus (RHP).

Forcas Studio IPO Important dates

Forcas Studio Limited Financial Performance

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	123.79	39.24	43.33	48.91
Revenue	96.49	71.62	53.80	51.13
Profit After Tax	5.53	1.15	0.78	0.56
Net Worth	19.02	8.60	8.31	7.12
Reserves and Surplus	6.12	–	–	–
Total Borrowing	28.61	23.25	24.20	24.38

 

Key Performance Indicator

KPI as of February 29, 2024.

Forcas Studio IPO Objectives

The company proposes to utilize the Net Proceeds from the Issue towards the following objects:

• Funding for the 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.

Forcas Studio IPO Lot Size

Investor Category	Shares Offered
QIB Shares Offered	Not more than 49.96% of the Net Issue
Retail Shares Offered	Not less than 35.03% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.01% of the Net Issue

Forcas Studio Limited IPO Details

IPO Date	August 19, 2024 to August 21, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	[.] to [.] per share
Lot Size
Total Issue Size	4,680,000 shares (aggregating up to ₹[.] Cr)
Fresh Issue	4,680,000 shares (aggregating up to ₹[.] Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	12,900,000
Shareholding post issue	17,580,000
Market Maker portion	235,200 shares

Forcas Studio  IPO GMP Details

Forcas Studio SME IPO last GMP is ₹82, last updated Aug 20th 2024 09:30 AM. With the price band of 80.00, Forcas Studio SME IPO’s estimated listing price is ₹162 (cap price + today’s GMP).

The lowest GMP is ₹50, while the highest GMP is ₹82. Stay with us to know the daily price trend of Forcas Studio SME IPO GMP with an expected listing price.

Forcas Studio Limited IPO subscription status

Total Application: 77,850

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

• ***: Market Maker portion is not included in NII/HNI.

 

Forcas Studio  IPO Allotment status

Forcas Studio IPO allotment is expected on August 22, 2024.

Forcas Studio’s IPO allotment status is not available at this time. Forcas Studio IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Forcas Studio Limited IPO allotment status.

To check Forcas Studio’s IPO allotment status, follow the steps below:

1. Click on the below allotment status check button.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Mas Services Limited either by phone or email. Investors can call on (011) 2610 4142 or send an email with all relevant details to ipo@masserv.com.

About Forcas Studio Limited

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, denim, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers for the Indian menswear segment.

The company sells its products through online platforms under the brand name ‘FTX’, ‘Tribe’ and ‘Content.

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 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.

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