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SME IPO Status: Listed [19th Aug 2024 to 21st Aug 2024]
Forcas Studio IPO, a SME IPO of ₹37.44 Cr was launced on 19-08-2024 to 21-08-2024 and the shares got listed on NSE SME on 26-08-2024.
The public issue of Forcas Studio IPO (FORCAS) was offered at ₹80.00 per share and the ipo was listed at ₹152.00. It has delivered listing gain of 90.00%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 115200.00 per lot return on listing.
| SME IPO Issue Opening Date: | 19th Aug 2024 |
| SME IPO Issue Closing Date: | 21st Aug 2024 |
| SME IPO Issue Price: | ₹77.00-80.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.03% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹37.44 Cr |
| Fresh Issue: | ₹37.44 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 82.17% |
| Promoter Holding Post IPO: | 60.30% |
| Allotment Status: | Allotment Status |
| NSE Code: | FORCAS |
Get important updates regarding Forcas Studio SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 22nd Aug 2024 |
| Refunds Initiation* | 23rd Aug 2024 |
| Credit of Shares to Demat* | 23rd Aug 2024 |
| SME IPO Listing Date* | 26th Aug 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹77.00-80.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹128000 |
| Min HNI Lots: | 3200 shares (2 lots)- ₹256000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-08-2024 | 80.00 | 86 | 104600 | ₹166 (107.5%) | 26-Aug-2024 10:31 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Forcas Studio Limited was founded in October 2010. The company deals in menswear like shirts, jeans, t-shirts, trousers, cotton trousers, sportswear, party wear, fashion wear, boxers etc. It caters to the whole of India through online and wholesale with its brand and white labelling for other brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail and many more.
The company sells products under its brand through the most popular retail e-commerce platforms namely flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solved and Shopsy. The wholesale business involves selling to wholesalers who purchase large quantities for resale to apparel retailers in various states across the country. In addition, the brands are also sold in major retail outlets such as V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail and Sarvana Retails.
The key raw materials for the business are:
In 2021, the company shifted to online business to better serve its customers across India. In the two years that the company has digitised its menswear line, it has served more than 15,000 zip codes in India, giving us the advantage of selling directly to the end consumer and understanding their buying behaviour. The company is not only present in major online marketplaces but also in more than 500 large format stores, which helps us to be visible in the offline space. With more than 1200 items, the product catalogue is broad and diverse.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Speciality Retail | ₹37.44 Cr | http://www.focasstudio.in/ |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 889,600 (28.57%) | 667,200 (21.43%) | 1,556,800 (50%) | 3,113,600 | |
| 1 | 19th Aug 2024 19:31 | 0.00x | 28.42x | 60.85x | 36.51x |
| 2 | 20th Aug 2024 19:31 | 5.62x | 93.47x | 164.90x | 104.08x |
| 3 | 21st Aug 2024 18:21 | 205.39x | 701.85x | 415.82x | 416.99x |
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 12,379.43 | 3,923.85 | 4,333.27 | 4,890.73 | ||||||||||||||||||||||||||||||||||||
| Revenue | 9,648.78 | 7,162.42 | 5,380.44 | 5,113.14 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 553.31 | 114.55 | 78.44 | 55.55 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,901.97 | 860.26 | 830.84 | 711.94 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 611.97 | |||||||||||||||||||||||||||||||||||||||
| Total Borrowing | 2,861.04 | 2,325.26 | 2,419.99 | 2,437.92 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Forcas Studio Limited | 1.36 | 1.36 | 10 | 9.71 | Standalone | |
| Aditya Birla Fashion And Retail Ltd | -0.38 | -0.38 | 35.2 | -1.7 |
Last Updated on 30-Aug-2024 07:03:19
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Forcas Studio SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Forcas Studio SME IPO with Zerodha.
Alternate approch to apply in Forcas Studio SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Forcas Studio SME IPO Review and Important Updates
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To subscribe or apply in Forcas Studio SME IPO, you can use the following methods:
| Forcas Studio SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Forcas Studio SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Forcas Studio SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Forcas Studio SME IPO. Most of the Syndicate Banks provide access to apply in Forcas Studio IPO via ASBA process. You must have your net banking access, DP ID information to apply in Forcas Studio SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Forcas Studio SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Forcas Studio SME IPO Review and Important Updates
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Forcas Studio SME IPO is going to be list on 26-08-2024. NSE Code for Forcas Studio is FORCAS.
Other relevant questions:
When Forcas Studio SME IPO will be listing? Forcas Studio SME IPO NSE listing date?Forcas Studio SME IPO date of listing
Forcas Studio SME IPO Allotment Date is 22-08-2024.
Other relevant questions:
Forcas Studio SME IPO share allotment date?Forcas Studio SME IPO allotment date?
