Forcas Studio Limited (NSE SME)

Aug 19, 2024 - Aug 21, 2024

Price ₹77 - ₹80
Premium ₹86
Lot size 1600
Allotment Aug 22, 2024
Listing Aug 26, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 1600 128000 973
HNI 2 3200 256000 417

Last updated on 21-Aug-2024 18:14:02

CategoryOfferedAppliedTimes
QIB889600182716800205.39
NIB667200468507200702.2
RETAIL1556800647344000415.82
Total31136001298568000417.06
Retail Apps404590© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹75.41
@8%
₹86.19
@9%
₹96.96
@10%
₹107.73
@11%
₹118.51
@12%
₹129.28
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.26%1556800
NII (HNI)14.26%667200
Anchor28.44%1331200
QIB19.01%889600
Market Maker5.03%235200
Total 100.00%4680000

Forcas Studio IPO Details

Issue Size4,680,000 shares
(aggregating up to ₹[37.44] Cr)
Fresh Issue4,680,000 shares
(aggregating up to ₹[37.44] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue12,900,000
Share holding post issue17,580,000
Market Maker portion235,200 shares
Giriraj Stock Broking

Key Performance Indicator

KPIFeb-24Mar-23Mar-22
ROE27.06%13.62%9.71%
ROCE18.54%12.97%10.09%
RONW13.62%9.71%8.20%
D/E1.5
EPS
(basic)
-1.360.97
P/E
Pre IPO
58.82

Company Financials

Forcas Studio Limited Financial Information (Restated)

Period Feb 2024Mar 2023Mar 2022Mar 2021
Assets12,379.433,923.854,333.274,890.73
Revenue9,648.787,162.425,380.445,113.14
Profit553.31114.5578.4455.55
Net Worth1,901.97860.26830.84711.94
Reserves611.97
Borrowing2,861.042,325.262,419.992,437.92
Amount in ₹ Lakhs
 

About Company

Incorporated in April 2010, Forcas Studio Limited is a prominent player in the Indian menswear market, offering a diverse range of clothing including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company operates under the brand names ‘FTX,’ ‘Tribe,’ and ‘Conteno,’ and provides both online and bulk sales throughout India. It has established a strong online presence across major platforms such as Flipkart, Myntra, Meesho, Amazon, and Ajio, as well as an extensive offline presence through large-format stores like V-Mart Retail and Metro Bazar. Forcas Studio also offers white-labeling services to brands including Landmark Group and Highlander. With over 1200 SKUs in its catalogue and service to more than 15,000 pin codes, the company supports its operations through four warehouses in Kolkata and a dedicated team of 68 employees managing various functions such as business operations, marketing, and factory management.

Lead Manager(s)

Horizon Financial Pvt Ltd

Strength

Diverse Product Range: Forcas Studio Limited offers a comprehensive selection of men’s clothing, including fashion wear and sportswear, catering to various styles and preferences.

Extensive Market Reach: The Company has established a robust presence across major online platforms and large-format stores, serving over 15,000 pin codes in India.

Fashion Focus for Urban Youth: By targeting the fashion needs of the urban youth segment, Forcas Studio effectively addresses contemporary trends and preferences in India’s evolving market.

Weakness

Fashion Trend Adaptation: Inability to quickly adapt to changing fashion trends and customer preferences could lead to decreased demand for products, negatively impacting business performance and growth.

Dependency on Third-Party Sales Channels: Heavy reliance on third-party brand owners, wholesalers, and online retailers means that disruptions or failures in these relationships could adversely affect revenue and financial stability.

Reliance on Contract Manufacturers: Dependence on contract manufacturers for production poses risks if these partners fail to meet performance expectations or operational standards, potentially affecting product availability and quality.

Registrar
Mas Services Limited

Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp