Forcas Studio Limited

19 Aug 2024 - 21 Aug 2024 Individual Category SME NSE

Min Investment

₹128000

Price Band

₹77-₹80

Issue Size

33.49 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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19 Aug 2024

Open Date

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21 Aug 2024

Close Date

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22 Aug 2024

Allotment Date

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26 Aug 2024

Listing Date

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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About Forcas Studio Limited

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.

Founded

2010

Managing Director

Sailesh Agarwal and Sourav Agarwal

Parent Organization

IPO Objectives

The money will be used for upgrading the warehouses, prepaying or repaying certain loans availed by the company, meeting the day-to-day capital needs of the company, and fulfilling general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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