Forcas Studio Limited
Bookbuilding IPO · NSE
- Price band
- ₹77 - ₹80
- Lot size
- 1,600 shares
- Issue amount
- ₹37.44 cr
- Total subscription
- 417.06×
- Opens
- 19 Aug 2024
- Closes
- 21 Aug 2024
- Allotment
- 22 Aug 2024
- Listing
- 26 Aug 2024
Offer at a glance
Issue overview
- Issue size
- 46,80,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,23,200
- Fresh issue
- ₹37.44 cr
- Offer for sale
- ₹0 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,28,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,29,00,000
- Shares after issue
- 1,75,80,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,28,000 |
| HNI | 2 | 3,200 | ₹2,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 7.12 | 1,461.73 |
| RETAIL | 12.45 | 5,178.75 |
| NIB | 5.34 | 3,748.06 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 0 | 1.36 | 0.97 |
| ROE | 27.06 | 13.62 | 9.71 |
| ROCE | 18.54 | 12.97 | 10.09 |
| RONW | 13.62 | 9.71 | 8.2 |
| PRE IPO(PE) | 58.82 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Forcas Studio Limited, founded in April 2010, is a leading menswear brand in India, offering a wide range of clothing like shirts, jeans, t-shirts, trousers, and sportswear. It operates under the brands ‘FTX,’ ‘Tribe,’ and ‘Conteno,’ selling both online and in bulk across the country. The company has a strong presence on e-commerce platforms like Flipkart, Myntra, Amazon, and Ajio, along with offline stores like V-Mart Retail and Metro Bazar. It also provides white-labeling services to brands such as Landmark Group and Highlander. With over 1200 SKUs and delivery across 15,000+ pin codes, Forcas Studio runs its operations through four warehouses in Kolkata and a dedicated team of 68 employees.
Strengths
- Wide Product Range: Forcas Studio Limited offers a variety of men’s fashion and sportswear, catering to different styles and preferences.
- Strong Market Presence: With a solid presence on major online platforms and large stores, the company reaches customers across 15,000+ pin codes in India.
- Trendy Urban Focus: Forcas Studio designs fashion that resonates with urban youth, keeping up with modern trends in India’s dynamic market.
Risk factors
- Keeping Up with Trends: If the company doesn’t adapt quickly to changing fashion trends and customer preferences, demand for its products could drop, affecting growth.
- Third-Party Sales Dependence: Relying on brand owners, wholesalers, and online retailers means any issues in these partnerships could impact revenue and stability.
- Manufacturing Risks: Depending on contract manufacturers for production means that any failure in quality or operations could affect product availability and customer satisfaction.
Promoters
Sailesh Agarwal
Sourav Agarwal
Registrar & documents
Lead manager
Horizon Financial Private Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Tara Maa Tower, B3-71C/161 B B T Road, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola - 700141
+91 3329501056
[email protected]Company website ↗Understanding FORCAS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.