Forcas Studio IPO: All Important Points Discussed Below

• Forcas Studio IPO is a book-built issue of Rs 37.44 crores.
• This upcoming IPO bidding opens on August 19 and closes on August 21, 2024.
• Forcas Studio SME IPO price band decided at Rs 70 - Rs 80 per share.
• The minimum investment required is Rs 1,28,000.

Forcas Studio IPO: Synopsis

Forcas Studio IPO is open for subscription starting Monday, August 19, 2024, and closing on Wednesday, August 21, 2024. This upcoming IPO's price is Rs 70 to Rs 80 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. 

The minimum investment required for retail category investors is Rs 1,28,000 (80 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,56,000 (80 x 3200 shares). 

Forcas Studio IPO is a book-built issue of Rs 37.44 crores. This upcoming IPO’s fresh issue of 46.8 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, August 22, 2024.

Forcas Studio IPO will be listed on NSE SME on Friday, August 23, 2024. Horizon Management Private Limited is the book-running lead manager, Mas Services Limited is the registrar, and Giriraj Stock Broking is the market maker for this IPO.

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Forcas Studio IPO: About the Company

Forcas Studio Limited was incorporated in 2010 and sells men's clothing like shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers.  The company sells 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. 

Forcas Studio had 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.
 
Forcas has a strong offline presence, with a presence on major online marketplaces and in over 500 large-format stores and has four warehouses in Kolkata for the purpose of supply chain management.

Forcas Studio IPO: Objectives

The money will be used for the upgradation of the warehouses, prepayment or repayment of certain loans availed by the company. Also, the funds used for meeting the day-to-day capital needs of the company. Additionally, to fulfil the general corporate purposes. 

Forcas Studio IPO: Other Important Details

Time-Table of Forcas Studio IPO

 
Forcas Studio IPO: Financial Metrics (Amt in Rs Lakhs)

Forcas Studio posted revenue of Rs 9,648.78 lakhs and net profit of Rs 553.31 lakhs for the period ending on 29 Feb 2024. Earlier, in the period ending on 31 Mar 2023, Forcas reported a revenue of Rs 7,162.42 lakhs and net profit of Rs 114.55 lakhs. 

Promoters of Forcas Studio Limited and Their Holdings

The promoters of Forcas Studio are Sailesh Agarwal and Sourav Agarwal. The promoters' shareholdings before the IPO were 82.71%; however, after the IPO, shareholdings will decline to 60.30%. 

Forcas Studio: Strength of Company

1.     Forcas Studio provides men's clothing products online and in bulk to customers all over India. 
2.     The company had a presence on all major online platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, and Jio Mart.
3.     Forcas Studio's profit after-tax margin stays at 5.36%.

FAQs

 
1. What are the details of the Forcas Studio IPO?

Forcas Studio IPO is a book-built issue of 46.8 lakh equity shares. This upcoming IPO’s fresh issue of 46.8 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, August 22, 2024.

2. Who are the lead managers for the Forcas Studio IPO?
 
Horizon Financials Private Limited is appointed as the book-running lead manager for the IPO.
 
3. What is the role of Mas Services in this IPO?
 
Mas Services Private Limited is the registrar for Forcas Studio Limited, handling the IPO's administrative aspects.
 
4. How can I apply for the Forcas Studio IPO?
 
The public subscription of this new IPO will open on August 19, 2024. Click here to initiate the application process. 
 
5. How will the net proceeds from the IPO be utilised?
 
The money will be used for the upgradation of the warehouses, prepayment or repayment of certain loans availed by the company. Also, the funds used for meeting the day-to-day capital needs of the company. Additionally, to fulfil the general corporate purposes. 
 
6. How can I check the allotment status of the IPO?
 
Investors who applied can check the allotment status of the Forcas Studio Limited IPO by visiting here; for further updates, follow Bigul. 

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