Contents
- 1 Forcas Studio IPO Details
- 2 Forcas Studio IPO Date
- 3 Lot Size
- 4 Promoter Holding
- 5 Forcas Studio IPO GMP (Grey Market Premium)
- 6 Forcas Studio IPO Subscription Status
- 7 Forcas Studio IPO Allotment Status
- 8 Know About Company
- 9 Forcas Studio Limited Financial Information
- 10 Forcas Studio Limited’s KPI
- 11 Objects of the Issue
- 12 Peer Group
- 13 Forcas Studio IPO Registrar
- 14 Forcas Studio Lead Manager
- 15 Forcas Studio Limited Contact
- 16 Forcas Studio IPO Application Form PDF
- 17 Analyses Of Forcas Studio Limited IPO
- 18 FAQs For Forcas Studio IPO
Forcas Studio is set to launch its IPO, which will be a fresh issue of 46.8 lakh shares, aiming to raise approximately ₹37.44 crores. The IPO will open for subscription on August 19, 2024, and will close on August 21, 2024. Allotment results are expected to be finalized on August 22, 2024, with the shares scheduled to be listed on the NSE SME on August 26, 2024.
The price range for the Forcas Studio IPO is set between ₹77 and ₹80 per share. Investors must apply for a minimum of 1,600 shares, which translates to a minimum investment of ₹128,000. For high-net-worth individuals (HNIs), the minimum investment requires bidding for two lots, totalling 3,200 shares, amounting to ₹256,000.
Ref. Doc – Forcas Studio IPO RHP
Forcas Studio IPO Details
| Open Date | August 19, 2024 |
| Close Date | August 21, 2024 |
| IPO Size | Aggregating ₹37.44 crores through 46.8 lakh shares |
| Fresh Issue | 46,80,000 Equity Shares |
| Face Value | ₹10 per share |
| IPO Price Band | ₹77 to ₹80 per share |
| IPO Listing on | NSE SME |
| Lot Size | 1600 Shares |
| OFS | N.A |
| Share Offered to Retail | 35% |
| Share Offered to QIB | 50% |
| Share Offered to HNI | 15% |
Forcas Studio IPO Date
- IPO Open Date: August 19, 2024
- IPO Close Date: August 21, 2024
- Allotment: August 22, 2024
- Refunds: August 23, 2024
- Shares Credit to Demat: August 23, 2024
- Listing Date: August 26, 2024
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
Promoter Holding
In the Forcas Studio IPO, the company’s promoters, Sailesh Agarwal and Sourav Agarwal, will see a reduction in their shareholding. Prior to the issuance of new shares, their combined stake stands at 82.17%. However, following the IPO, their ownership will decrease to 60.30%. This change reflects the dilution of their shares as the company raises capital through the public offering.
Forcas Studio IPO GMP (Grey Market Premium)
If you want to knowForcas Studio IPO GMP (Grey Market Premium) then please visit our IPO GMP section and get daily updates on grey market premium. We update here all IPOs GMP.
Forcas Studio IPO Subscription Status
Forcas Studio IPO subscription starts on August 19, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.
Forcas Studio IPO Allotment Status
To check the Forcas Studio IPO allotment status go to the IPO registrar website IMAS SERVICES LIMITED or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.
- Go to the Link given above.
- Select the IPO Name
- Enter your PAN/ DP ID/ Application No
- Submit details and get the allotment status.
Know About Company
Forcas Studio Limited is a company that specializes in men’s fashion, established in 2010. The business model focuses on manufacturing, selling, and wholesaling a wide range of men’s clothing and accessories, including shirts, jeans, t-shirts, trousers, sportswear, and party wear.
Business Model
Forcas Studio operates primarily through e-commerce platforms and wholesale distribution. It has developed its own brands, such as FTX, Tribe, and Conteno, and also engages in white-labeling products for other well-known brands like Landmark Group, V-Mart Retail, and Highlander. The company utilizes various online marketplaces, including Flipkart, Amazon, and Myntra, to reach customers across India. In addition to its online presence, Forcas Studio has established a foothold in the offline retail space, distributing its products through over 500 large-format stores. This dual-channel approach allows the company to maximize its visibility and accessibility to consumers.
Clientele
Forcas Studio caters to a diverse clientele, primarily targeting men looking for stylish and affordable clothing options. Its products are designed to meet the needs of various customer segments, from casual wear to formal attire. The company has successfully delivered products to over 15,000 pin codes across India, indicating a broad reach and a growing customer base.
Forcas Studio Limited Financial Information
The financial information for Forcas Studio Limited in a table format:
| 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 |
| Total Borrowing | ₹2,861.04 | ₹2,325.26 | ₹2,419.99 | ₹2,437.92 |
Forcas Studio Limited’s KPI
The table for the Key Performance Indicators for Forcas Studio Limited:
| Key Performance Indicators | February 29, 2024 | March 31, 2023 | March 31, 2022 |
|---|---|---|---|
| Revenue from Operations | ₹9,607.24 | ₹6,960.46 | ₹5,320.02 |
| EBITDA | ₹927.59 | ₹450.15 | ₹354.57 |
| EBITDA Margin | 9.66% | 6.47% | 6.66% |
| Profit After Tax for the Year / Period | ₹514.75 | ₹117.19 | ₹80.71 |
| PAT Margin | 5.36% | 1.68% | 1.52% |
| ROE | 27.06% | 13.62% | 9.71% |
| ROCE | 18.54% | 12.97% | 10.09% |
| Net Debt/EBITDA | 3.13 | 5.12 | 6.71 |
Notes:
- Amounts are in ₹ Lakhs except for percentages and ratios.
- EBITDA Margin = (EBITDA / Revenue from Operations) × 100
- PAT Margin = (Profit After Tax / Revenue from Operations) × 100
- ROE = Return on Equity
- ROCE = Return on Capital Employed
- Net Debt/EBITDA = Net Debt / EBITDA
Objects of the Issue
- 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.
Peer Group
- Aditya Birla Fashion and Retail Ltd
Forcas Studio IPO Registrar
MAS Services Limited
T-34, 2nd Floor, Okhla Industrial Area,
Phase-II New Delhi- 110 020,
Delhi, India.
Telephone: +91 112 638 7281/83, 114 132 0335
Facsimile: +91 112 638 7384
Website – https://www.masserv.com/
Forcas Studio Lead Manager
Horizon Management Private Limited
19 R N Mukherjee Road, Main Building,
2nd Floor, Kolkata- 700 001,West Bengal, India.
Telephone: +91 33 4600 0607
Facsimile: +91 33 4600 0607
Email ID: smeipo@horizon.net.co
Website: www.horizonmanagement.in
Forcas Studio Limited Contact
Forcas Studio Limited
Tara Maa Tower, B3-71C/161 B B T Road
Vivekanandapur, South 24 Parganas
Thakurpukur Mahestola – 700141,
Phone: +91 3329501056
Email: info@focasstudio.in
Website: http://www.focasstudio.in/
Forcas Studio IPO Application Form PDF
To download the Forcas Studio IPO application form Check out the Application Form Download ASBA IPO Forms PDF.
Analyses Of Forcas Studio Limited IPO
Strengths:
- Revenue Growth: The company has demonstrated a consistent increase in revenue, indicating robust business operations and market acceptance.
- Profitability Improvement: Positive net profit growth is a promising sign of operational efficiency and potential for future earnings.
- Market Presence: With an extensive offline presence and a broad customer base, Forcas Studio is well-positioned in the competitive men’s fashion industry.
- Established Brands: The presence of multiple brands and a diversified business model can help mitigate risks associated with reliance on a single revenue stream.
Risks:
- Valuation Sensitivity: The IPO pricing needs to be assessed in light of current market conditions. Investors should consider whether the valuation aligns with the company’s growth prospects.
- Sector Volatility: The fashion industry can be subject to significant fluctuations based on changing trends and economic conditions, which may impact the company’s performance.
- Investment Thresholds: The minimum investment requirements for both retail and high-net-worth investors might be a barrier for some potential investors.
Recommendation
Forcas Studio Limited appears to be a solid investment opportunity based on its financial performance, growing revenue, and strong market presence. However, potential investors should consider their own risk tolerance, market conditions, and the company’s valuation relative to its growth potential before making an investment decision.
Disclaimer:
The information provided in this review is for educational purposes only and does not constitute investment advice, endorsement, or a recommendation to buy or sell any securities. Investing in IPOs and other financial instruments involves risks, including the potential loss of capital. The details included here about Forcas Studio Limited’s IPO, including financial performance and market presence, are based on publicly available information and are subject to change.
