1) Forcas Studio IPO size
The IPO is a greenfield equity issue of 46.8 lakh shares and through the issue, the company plans to raise Rs 37 crore.
2) Forcas Studio IPO price band
The company is offering its shares at a price of Rs 77-80 each, and investors can bid for 1,600 shares in one lot.
3) Forcas Study GMP
In the unlisted market, the company’s shares are trading at a GMP of Rs 80, which translates to a 100% premium over the issue price.
4) About Forcas Studio
The company is into menswear and deals in men’s apparel like Shirts, Jeans, T-shirts, Trousers, Cotton Pants, Sportswear, Partywear, Fashion Wear, Boxers etc. and caters to pan India via online and wholesale under our own brand and also white labeling for other brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail and many more.
5) Industry overview
The urban metro market, comprising of cities like Delhi NCR, Mumbai, Bengaluru, Chennai etc., is the largest apparel market in India and contributes over 20% to the Indian apparel market. Considering that less than 20% of India’s population lives in these cities, this indicates that the purchasing power in urban areas is higher and the frequency of shopping is higher.
6) Financial performance of Forcas Studio
For the year ended March 2024, the company reported total revenue of Rs 96.07 crore and net profit of Rs 5.14 crore.
7) Objects of the offer
The net proceeds from the public offering will be used to fund warehouse modernization, debt repayment, working capital needs and general corporate purposes.
8) Leading managers and Registrar
Horizon Management acts as the primary administrator of the matter and Mas Services is the registrar.
9) Structure of the issue
Approximately 50% of the offering is reserved for QIB investors, 35% for retail investors and the remaining 15% for non-institutional investors.
10) Important dates
The IPO opened on August 19 and will close on August 21. Final allotment is likely to take place on August 22. The company’s shares will likely be listed on August 26.
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