Forcas Studio Limited is a men’s clothing retailer. It sells clothing for men, including T shirts, jeans, trousers, cotton pants, casual shirts, party wear, fashion wear, and formal shirts. Their products are sold under the brand names ‘FTX’, ‘Tribe’, and ‘Conteno’ across all major Indian online platforms such as Flipkart, Myntra, Meesho, Amazon, Ajio, Glowroad, Limeroad, Max Fashion and Shopsy. The company also sells it through various brands and fashion retailers, including Landmark Group, V-Mart Retail, V2 Retail, Highlander, Max, and Zudio. The company was established in April 2010.
Forcas Studio Limited IPO is a fresh-issue and SME book-built initial public offering (IPO), with a fresh issue size of ₹37.44 crore for 46 lakh shares. The price band of the Forcas Studio Limited IPO is set at ₹77 to ₹80 per share, and the lot size is 1600 shares per lot.
Table of Contents
Forcas Studio IPO Details
| IPO Date | August 19, 2024, to August 21, 2024 |
| Listing Date | Monday, August 26, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹77 to ₹80 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,680,000 shares (aggregating up to ₹37.44 Cr) |
| Overall Subscription | 416.97x |
| Fresh Issue | 4,680,000 shares (aggregating up to ₹37.44 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,900,000 |
| Share holding post issue | 17,580,000 |
Forcas Studio IPO Important Dates
- IPO Opening Date: August 19, 2024
- IPO Closing Date: August 21, 2024
- Share Allotment Date: August 22, 2024
- Listing Date: August 26, 2024
Forcas Studio IPO’s opening date is Monday, August 19, 2024 and the offer will close on Wednesday, August 21, 2024. Forcas Studio IPO’s allotment date is Thursday, August 22, 2024 and the listing date is Monday, August 26, 2024.
All the important dates regarding the Forcas Studio Limited IPO are mentioned below. Mark them on your calendar so you don’t miss any events.
| 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 |
Forcas Studio IPO GMP
Forcas Studio Limited has reached 416.97 times overall subscription. That shows significant interest of retails and NIIs for the IPO. According to the subscription rate rhe last updated Grey Market Premium (GMP) for the Forcas Studio IPO is ₹70. The offering price for the Forcas Studio Limited IPO is ₹77 to ₹80 per share. The following table displays the trend of the Forcas Studio Limited IPO’s GMP over the past few days.
Forcas Studio IPO Listed at 80.50% gains .
| GMP Date | IPO Price | GMP Price |
| August 27, 2024 | ₹76-₹80 | ₹65 |
| August 26, 2024 | ₹76-₹80 | ₹75 |
| August 25, 2024 | ₹76-₹80 | ₹72 |
| August 24, 2024 | ₹76-₹80 | ₹72 |
| August 23, 2024 | ₹76-₹80 | ₹71 |
| August 22, 2024 | ₹76-₹80 | ₹70 |
| August 21, 2024 | ₹76-₹80 | ₹70 |
| August 20, 2024 | ₹76-₹70 | ₹45 |
| August 19, 2024 | ₹77-₹80 | ₹41 |
| August 18, 2024 | ₹77-₹80 | ₹37 |
| August 17, 2024 | ₹77 to ₹80 | ₹37 |
| August 16, 2024 | ₹77 to ₹80 | ₹36 |
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Forcas Studio Limited IPO Lot Size
Forcas Studio Limited IPO offers a minimum of 1,600 shares per lot. Retail investors can apply for a minimum of 1 lot and a maximum of 1 lot, while high-net-worth individuals (HNIs) can apply for a minimum of 2 lots.
The below table represents the future of minimum and maximum investment for retail investors and HNI concerning shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,28,000 |
| Retail (Max) | 1 | 1600 | ₹1,28,000 |
| HNI (Min) | 2 | 3,200 | ₹2,56,000 |
Forcas Studio Limited Investor Quota
| 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 Promoter Holdings
| Share Holding Pre Issue | 82.17% |
| Share Holding Post Issue | 60.30% |
Forcas Studio Limited Company Overview
Forcas Studio Limited is a men’s clothing retailer. It sells clothing for men, including T shirts, jeans, trousers, cotton pants, casual shirts, party wear, fashion wear, and formal shirts. Their products are sold under the brand names ‘FTX’, ‘Tribe’, and ‘Conteno’ across all major Indian online platforms such as Flipkart, Myntra, Meesho, Amazon, Ajio, Glowroad, Limeroad, Max Fashion, Solvd, and Shopsy. The company also sells it through various brands and fashion retailers, including Landmark Group, V-Mart Retail, V2 Retail, Highlander, Max, and Zudio. The company was established in April 2010 and now it’s selling products across 4,000 cities in India.
Forcas Studio Limited Financials
| Particulars | FY 2024 | FY 2023 |
| Assets | ₹123.79 crore | ₹39.23 crore |
| Revenue | ₹96.48 crore | ₹71.62 crore |
| Profit After Tax | ₹5.53 crore | ₹1.14 crore |
| Net Worth | ₹19.02 crore | ₹8.6 crore |
| Reserves and Surplus | ₹6.12 crore | n/a |
| Total Debts | ₹28.61 crore | ₹23.25 crore |
Forcas Studio Limited Contact Details
Tara Maa Tower, B3-71C/161 B B T Road
Vivekanandapur, South 24 Parganas
Thakurpukur Mahestola, PIN Code: 700141,
Phone: +91-3329501056
Email: [email protected]
FAQs
1. What is the Forcas Studio IPO’s GMP price?
The current GMP price of the Forcas Studio IPO is ₹72.
2. On which exchange will the Forcas Studio IPO be listed?
Forcas Studio Limited IPO shares are to be listed on the NSE SME
3. When is the allotment date for the Forcas Studio IPO?
The allotment date of the Forcas Studio IPO is August 22, 2024.
4. What are the opening and closing dates of the Brace Port Logistics Limited IPO?
Brace Port Logistics Limited IPO will open on August 19, 2024 & close on August 21, 2024.
5. When is the listing date for the Forcas Studio Limited IPO?
Forcas Studio IPO’s listing date is Monday, August 26, 2024.
Conclusion
Forcas Studio Limited is a men’s clothing retailer. It sells men’s clothing under the brand names FTX, Tribe, and Conteno. Forcas Studio IPO is going to open to the public on August 19, 2024 and it will open until August 21, 2024. The share allotment date of the Forcas Studio IPO is August 22, 2024 and the listing date is August 26, 2024. Financial reports and products demands of the company show the IPO of Forcas studio will received a high interest from investors.
To get more information and regular updates on the Forcas Studio Limited IPO, keep in touch with The Invest Advisory.