Foce India Limited
IPO Details
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Following its successful public offering, Foce India Limited's made its market debut on Dec 28, 2021 and is now actively traded on the NSEplatform. The IPO mobilized 12,90,000 Shares in total capital, including 8,35,200 Shares in primary equity infusion and ₹8.78 Cr in secondary share sales.
The offering was structured with a price band of ₹225 to ₹225 and minimum investment lots of 600 shares. Investor participation during the subscription window from Dec 13, 2021 to Dec 17, 2021 demonstrated market confidence in the company's prospects.
The allotment process concluded on Dec 21, 2021, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Foce India, incorporated in 2001, is engaged in the supply, distribution, and retailing of various types of wristwatches, including Analog, Digital, Chronograph, and Designer models. The company primarily generates revenue from bulk supply to institutional customers, accounting for approximately 95% of its total earnings. Additionally, it sells watches under its own brand, "FOCE," contributing 2% of revenue, while sales from royalty-branded watches and corporate gifting products, such as timepieces, wall clocks, belts, ties, wallets, pens, and goggles, make up around 3%. To expand its operations, the company established a wholly-owned subsidiary, FO Industries Private Limited, in Mumbai in 2021, with a manufacturing and assembly facility located in Bhiwandi, near Mumbai.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Industry Experience: Over 20 years of expertise in the watch sector.
- Pan-India Presence: Operates a network of strategically located retail stores across the country.
- Experienced Leadership: Led by seasoned promoters and supported by a strong management team and workforce.
NA
- Mr. Manoj Sitaram Agarwal
- Mrs. Anita agarwal
- Mrs. Parmeshwari Agarwal
Foce India Limited
Purva Sharegistry India Private Limited