IPO Details
Bidding Dates
19 Aug '24 - 21 Aug '24
Minimum Investment
₹128,000 / 1 Lot (1,600 Shares)
Price Range
₹77 - ₹80
Maximum Investment
₹128,000 / 1 Lot (1,600 Shares)
Retail Discount
To be announced
Issue Size
₹37.44 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Open Date
Aug 19, 2024
IPO Close Date
Aug 21, 2024
Basis of Allotment
Aug 22, 2024
Initiation of Refunds
Aug 23, 2024
Listing Date
Aug 26, 2024
About Forcas Studio Limited
Incorporated in April 2010, Forcas Studio Limited is a prominent player in the Indian menswear market, offering a diverse range of products including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers.
The company caters to a wide audience across India, providing its products online under the brand names ‘FTX,’ ‘Tribe,’ and ‘Conteno,’ as well as through bulk orders. Forcas Studio also offers white-label services to renowned brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, and Cobb.
The company has established a strong online presence on major platforms such as Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. It also has a robust offline presence, selling products through over 500 large-format stores, including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail. Serving over 15,000 pin codes in India, Forcas Studio boasts a catalogue of more than 1,200 SKUs.
With four warehouses in Kolkata to manage its supply chain, Forcas Studio Limited employed 68 people as of February 29, 2024. These people cover various functions such as business operations, factory management, marketing, and accounting, ensuring smooth and efficient operations.
Industry Outlook
- The online fashion market in India is valued at $11 billion and has grown at 30% annually since 2019, driven by diverse player categories.
- National brands in India doubled their online share to $2.5 billion by FY23, growing 34% between 2019 and 2023, with expected balanced growth ahead.
Forcas Studio IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funding of the upgradation of the warehouse.
- Prepayment or repayment of certain secured loans availed by the Company.
- Funding of working capital requirements of the Company.
- General Corporate Purposes.
Peer Details
Forcas Studio considers Aditya Birla Fashion And Retail Ltd to be its only industry peers in India and abroad.
How To Check the Allotment Status of the Forcas Studio Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of Forcas Studio Limited
Registered office: Tara Maa Tower, B3-71C/161 B B T Road, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola - 700 141, West Bengal, India
Phone: +91 332 950 1056
E-mail: info@focasstudio.in
IPO Financials
| Particulars | As of February 29, 2024 | Year ending on March 31, 2024 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|---|
| Revenue From Operations (in ₹ lakh) | 9,607.24 | 6,960.46 | 5,320.02 | 5,051.04 |
| Profit After Tax (PAT) (in ₹ lakh) | 514.75 | 117.19 | 80.71 | 58.38 |
| Cash & Cash Equivalents (in ₹ lakh) | 19.36 | 36.66 | 19.93 | 41.23 |
| Net Worth (in ₹ lakh) | 1,901.97 | 860.26 | 830.84 | 711.94 |
| Net Debt/EBITDA (x) | 3.13 | 5.12 | 6.71 | 7.04 |
| Return on Equity Ratio (x) | 27.06% | 13.62% | 9.71% | 8.20% |
| Return on Capital Employed (RoCE) (%) | 18.54% | 12.97% | 10.09% | 9.98% |
| Earning Per Share (EPS)-in absolute ₹ | 3.99 | 1.36 | 0.97 | 0.82 |
Know before investing
Strengths
6-
Established menswear segment presence with 1,200+ SKUs across India.
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Innovative in-house design team creating 95% products under ₹499.
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Strong online presence on top platforms; serving 15,000+ pin codes.
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Experienced management with two decades in garment industry.
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Robust customer and supplier relationships ensure repeat business.
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Expanding market reach in Tier-2, Tier-3, Tier-4 cities.
Risks
6-
Inability to adapt to fashion trends may reduce product demand.
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Dependency on third-party brand owners and online retailers for revenue.
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Reliance on contract manufacturers without formal agreements increases risk.
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Failure of new products or brands could impact growth and profitability.
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Quality issues from contract manufacturers could harm brand reputation.
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Concentration of operations in Kolkata region exposes company to regional risks.
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Forcas Studio IPO FAQs
Forcas Studio Limited IPO is a fixed price IPO. The IPO will be open from August 19, 2024, to August 21, 2024.
The Basis of Allotment will happen on Thursday, August 22, 2024.
The IPO subscription window will open on August 19, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,600 shares.
The listing date for Forcas Studio is Monday, August 26, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approve the payment mandate.
You can submit only one application using your PAN card.
