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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹37.44 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹37.44 Cr |
| Fresh Issue | ₹35.56 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹77.00-80.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | FORCAS |
| Registrar | MAS Services Ltd. |
| Lead Managers | Horizon Management Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
Incorporated in April 2010, Forcas Studio Limited sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more.
The company offers a wide range of products, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers for the Indian menswear segment.
The company sells its products through online platform under the brand name of ‘FTX’, ‘Tribe’ and ‘Conteno.
The company has established a presence on all major online platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. Additionally, the company has also sold products through various large-format stores, including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.
The company has served more than 15000 pin codes in India.
The company has a strong offline presence, with a presence on major online marketplaces and in over 500 large-format stores. They offer a wide range of products with a catalogue of over 1200 SKUs.
The company has four warehouses in Kolkata for the purpose of supply chain management.
As of February 29, 2024, the company has 68 employees, including its directors. They are responsible for business operations, factory management, administration, secretarial work, marketing, and accounting functions as per their designated goals.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of upgradation of warehouse | 1.66 |
| 2 | Prepayment or repayment of certain secured loans availed by the Company | 13.00 |
| 3 | Funding of working capital requirements of the Company; | 12.00 |
| 4 | General Corporate Purposes | 8.43 |
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 123.79 | 39.24 | 43.33 | 48.91 |
| Total Income | 96.49 | 71.62 | 53.80 | 51.13 |
| Profit After Tax | 5.53 | 1.15 | 0.78 | 0.56 |
| NET Worth | 19.02 | 8.60 | 8.31 | 7.12 |
| Reserves and Surplus | 6.12 | |||
| Total Borrowing | 28.61 | 23.25 | 24.20 | 24.38 |
| Amount in ₹ Crore | ||||
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 27.06% |
| ROCE | 18.54% |
| Debt / Equity | 1.50% |
| RoNW | 27.06% |
| PAT Margin | 5.36% |
| Price to Book Value | 5.43 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 0.89 | 3.43 |
| P/E (x) | 90.09 | 23.3 |
| Promoter Holding | 82.17% | 60.3% |
| Market Cap | ₹140.64 Cr. | |
