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Bidding Date
19-Aug-2024 to
21-Aug-2024
Issue Size
₹37.44 Cr
Price Band
₹77 to ₹80
Allotment date
22-Aug-2024
Listing date
26-Aug-2024
Lot size
1600
No. of shares
46,80,000
Fresh issue/OFS
₹37.44 Cr /--
The company began its journey in 2010 as a partnership firm under the name "Forcas Apparels," founded by Sailesh Agarwal. In 2024, the company expanded its operations, transitioning into Forcas Studio Limited. Forcas Studio Limited operates primarily in the menswear industry under the well-recognized brand names "FTX," "TRIBE," and "Conteno." These brands are known for their stylish, affordable, and comfortable clothing aimed at the mass market in India. The company's product portfolio includes a wide range of men's garments such as shirts, denims, T-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company is strategically focused on the value-for-money fast fashion segment, primarily targeting youth in Tier-2, Tier-3, and Tier-4 cities in India. The company follows an asset-light model by outsourcing garment manufacturing to local suppliers in Kolkata, under the supervision of its personnel for design and quality control. This approach allows Forcas Studio to maintain flexibility in product offerings and quickly adapt to new fashion trends without significant capital expenditure.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
--
Total
387.6x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| OnEMI Technology Solutions | 162 - 171 | 30-Apr-2026 to 05-May-2026 |
| Recode Studios | 150 - 158 | 05-May-2026 to 07-May-2026 |
| Value 360 Communications | 95 - 98 | 04-May-2026 to 06-May-2026 |
| Amba Auto Sales And Services | 130 - 135 | 27-Apr-2026 to 29-Apr-2026 |
The issue size of Forcas Studio is ₹37.44 Cr.
Forcas Studio falls into Apparels & Footwear industry.
The Forcas Studio IPO will be listed on BSE.
The open and close dates for the Forcas Studio are 19-Aug-2024 & 21-Aug-2024.
The price band for the Forcas Studio ipo is ₹77 to ₹80
The listing date of Forcas Studio IPO is 26-Aug-2024.
The purpose of this IPO is to raise fresh capital.
Forcas Studio total subscription ratio is 387.6X.
Key financial of the Forcas Studio are:
| Forcas Studio | FY-24 | FY-23 | FY-22 | FY-21 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 40.48 | 69.6 | 53.2 | 50.51 |
| EBIT (₹ Cr) | 3.45 | 2.11 | 2.68 | 2.52 |
| Proft after Tax (₹ Cr) | 2.14 | 1.17 | 0.81 | 0.58 |
| Debt (₹ Cr) | 32.89 | 23.25 | 24.2 | 24.37 |
| Net Worth (₹ Cr) | 19.99 | 8.6 | 8.31 | 7.12 |
| RoE (%) | 10.7 | 13.6 | 9.75 | 8.15 |
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