Forcas Studio Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹86(107.50%)
Premium (ELP)
Forcas Studio Limited's achieved publicly listed status following its IPO debut on Aug 26, 2024 at the NSE platform. The offering successfully mobilized 46,80,000 Shares, with 46,80,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹77 to ₹80, starting from minimum lots of 1600 shares. The subscription window from Aug 19, 2024 through Aug 21, 2024 enabled investor participation across market segments.
Share allocation was completed on Aug 22, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
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.
Forcas Studio Limited, founded in April 2010, is a leading menswear brand in India, offering a wide range of clothing like shirts, jeans, t-shirts, trousers, and sportswear. It operates under the brands ‘FTX,’ ‘Tribe,’ and ‘Conteno,’ selling both online and in bulk across the country. The company has a strong presence on e-commerce platforms like Flipkart, Myntra, Amazon, and Ajio, along with offline stores like V-Mart Retail and Metro Bazar. It also provides white-labeling services to brands such as Landmark Group and Highlander. With over 1200 SKUs and delivery across 15,000+ pin codes, Forcas Studio runs its operations through four warehouses in Kolkata and a dedicated team of 68 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Wide Product Range: Forcas Studio Limited offers a variety of men’s fashion and sportswear, catering to different styles and preferences.
- Strong Market Presence: With a solid presence on major online platforms and large stores, the company reaches customers across 15,000+ pin codes in India.
- Trendy Urban Focus: Forcas Studio designs fashion that resonates with urban youth, keeping up with modern trends in India’s dynamic market.
- Keeping Up with Trends: If the company doesn’t adapt quickly to changing fashion trends and customer preferences, demand for its products could drop, affecting growth.
- Third-Party Sales Dependence: Relying on brand owners, wholesalers, and online retailers means any issues in these partnerships could impact revenue and stability.
- Manufacturing Risks: Depending on contract manufacturers for production means that any failure in quality or operations could affect product availability and customer satisfaction.
- Sailesh Agarwal
- Sourav Agarwal
Forcas Studio Limited
Mas Services Limited