Forcas Studio Limited was founded by Sailesh Agarwal on April 9, 2010, under the name M/s Forcas Apparels. After getting an official certificate from the Registrar of Companies on January 12, 2024, the company transitioned to a public limited with this name on April 5, 2024.
The company specialises in men’s garments such as shirts, denim, T-shirts, cotton pants, boxers, trousers, sportswear, and more. Today, Forcas Studio markets its products under popular brands like FTX, Tribe, and Conteno and also images in white labelling for major brands like Landmark Group, Highlander and V-Mart.
Forcas Studio primarily sources fabrics from Kolkata, Surat, and Mumbai, outsourcing manufacturing with secured protocols. Now, a major brand, Forcas Studio, is preparing to go public with its Initial Public Offering (IPO), making it one of the most forthcoming IPOs in the market.
The company aims to raise ₹37.44 crore at the upper price band through the IPO, providing up to 46.80 lakh equity shares at a face value of ₹10 each. The Forcas studio IPO GMP price is set between ₹77 and ₹80 per share.
| IPO date | August 19, 2024 to August 21, 2024 |
| Listing date | [.] |
| Face value | ₹10 per share |
| Price band | ₹77 to ₹80 per share |
| Lot size | 1600 Shares |
| Total issue size | 4,680,000 shares(aggregating up to ₹37.44 Cr) |
| Fresh issue | 4,680,000 shares(aggregating up to ₹37.44 Cr) |
| Issue type | Book Built Issue IPO |
| Listing at | NSE SME |
| Shareholding pre-issue | 12,900,000 |
| Shareholding post issue | 17,580,000 |
| Market maker portion | 235,200 shares |
The Forcas Studio IPO offers a structured bidding approach, allowing investors to purchase shares in predefined lots. The minimum lot size is set at 1,600 shares, and investors can bid in multiples of this number.
For further information, check the table below, which offers a breakdown of the minimum and maximum investment options available for retail investors and high-net-worth individuals (HNI), along with the corresponding share quantities and amounts.
| Application type | Number of lots | Shares | Investment amount |
| Retail (Minimum) | 1 | 1,600 | ₹128,000 |
| Retail (Maximum) | 1 | 1,600 | ₹128,000 |
| HNI (Minimum) | 2 | 3,200 | ₹256,000 |
Forcas Studio is now all set for its much-anticipated IPO, providing investors with an outstanding opportunity to invest in a leading fashion brand. The tentative timeline for the Forcas Studio IPO mentioned below will provide all the essential dates and deadlines for prospective investors to keep in mind:
| Event | Dates |
| IPO open date | Monday, August 19, 2024 |
| IPO close date | Wednesday, August 21, 2024 |
| Allotment basis | Thursday, August 22, 2024 |
| Refunds initiation | Friday, August 23, 2024 |
| The credit of shares to demat | Friday, August 23, 2024 |
| Listing date | Monday, August 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 21, 2024 |
It’s important to check the company's finances before investing in IPO. Hence, Forcas Studio Limited's financial information, including assets, revenue, profit after tax, and other key financial indicators, is mentioned in the table below.
| Ended period | 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 |
The upcoming IPO represents a major opportunity for investors keen on entering the fashion and retail sector. With its impressive track-record and strong financial performance, Forcas Studio is likely to make a substantial impact on the market.
As the IPO date approaches, monitoring the grey market premium (GMP) and the IPO timeline will be crucial for making informed investment decisions. The IPPS’ listing at NSE SME adds an extra layer of visibility and credibility, making it an attractive option for investors.
If you’re interested in exploring more about the Forcas Studio IPO and other forthcoming IPOs, visit our IPO page and upcoming IPOs.
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