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Forcas Studio Ltd IPO

Listed Listed stocks

IPO Details

  • 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 /--

About The Company

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.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    387.6x

Financials

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FAQs for Forcas Studio Ltd.

The issue size of Forcas Studio Ltd is ₹37.44 Cr.

Forcas Studio Ltd falls into Apparels & Footwear industry.

The Forcas Studio Ltd IPO will be listed on BSE.

The open and close dates for the Forcas Studio Ltd are 19-Aug-2024 & 21-Aug-2024.

The price band for the Forcas Studio Ltd ipo is ₹77 to ₹80

The listing date of Forcas Studio Ltd IPO is 26-Aug-2024.

The purpose of this IPO is to raise fresh capital.

Forcas Studio Ltd total subscription ratio is 387.6X.

Key financial of the Forcas Studio Ltd are:


Forcas Studio Ltd FY-23 FY-22 FY-21
Revenue (₹ Cr) 69.6 53.2 50.51
EBIT (₹ Cr) 2.11 2.68 2.52
Proft after Tax (₹ Cr) 1.17 0.81 0.58
Debt (₹ Cr) 23.25 24.2 24.37
Net Worth (₹ Cr) 8.6 8.31 7.12
RoE (%) 13.6 9.75 8.15

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