IPO Details
Bidding Dates
19 Aug 24 - 21 Aug 24
Price Range ₹
77 - 80
Total Equity
₹ 37.44Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
19 Aug 2024
Offer end
21 Aug 2024
Allotment
22 Aug 2024
Refund initiation
23 Aug 2024
Demat transfer
23 Aug 2024
Listing
26 Aug 2024
Offer start
19 Aug 2024
Offer end
21 Aug 2024
Allotment
22 Aug 2024
Refund initiation
23 Aug 2024
Demat transfer
23 Aug 2024
Listing
26 Aug 2024
About Company
Incorporated in April 2010, Forcas Studio Limited specializes in men's clothing, offering a diverse range of products such as shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company caters to customers across India, both online and in bulk, and provides white-labeling services for well-known brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail. Forcas Studio Limited sells its products under the brand names ‘FTX’, ‘Tribe’, and ‘Conteno’ and has established a strong presence on major online platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. The company also distributes its products through various large-format stores like V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail, serving over 15,000 pin codes across India. The company maintains a robust offline presence with its products available in over 500 large-format stores and manages a catalog of over 1,200 SKUs. Forcas Studio Limited operates four warehouses in Kolkata to ensure efficient supply chain management. As of February 29, 2024, the company employs 68 individuals, including its directors, who oversee business operations, factory management, administration, secretarial work, marketing, and accounting functions.
Year Founded
12-01-2024
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 82.17 | 60.3 |
| Share Capital | 10600000 | 10600000 |
Offer to Public
46,80,000.00 Cr
Project Details
- Funding of working capital requirements of our Company - 120cr
- Funding of upgradation of warehouse - 16.567cr
- Prepayment or repayment of all or a portion of certain loans availed by our Company - 130cr
Objectives
- Our Company proposes to utilize the Net Proceeds from the Issue towards the following objects:Funding of upgradation of warehouse
- Prepayment or repayment of certain secured loans availed by our Company
- Funding of working capital requirements of our Company
- General Corporate Purposes.
Highlights
- The company has demonstrated consistent revenue growth, with significant year-over-year increases in both revenue and profit after tax, indicating robust financial performance.
- With four warehouses in Kolkata, Forcas Studio has established an efficient supply chain that ensures timely distribution of products across a vast network, enhancing its operational capabilities.
- The company’s products are widely available across major e-commerce platforms and large retail stores, offering extensive market penetration and access to a broad customer base.
- Forcas Studio’s in-house design and merchandising team ensures a well-structured and innovative product development process, allowing the company to stay ahead of market trends and meet consumer demands effectively.
- Delivering products to over 15,000 pin codes across India highlights the company’s strong distribution network and its ability to reach customers nationwide, ensuring broad market coverage.
Challenges
- The company’s reliance on sales to third-party brand owners, wholesalers, and online retailers for a substantial portion of its revenue makes it vulnerable to potential disruptions in these partnerships.
- Without its own manufacturing facilities, Forcas Studio’s success is dependent on the reliability and performance of external contract manufacturers, which may pose risks to quality and supply continuity.
- The concentration of warehousing and manufacturing operations in the Kolkata region exposes the company to regional risks, such as natural disasters or local disruptions, which could adversely affect its operations and supply chain.
- The company’s involvement in multiple legal proceedings presents a risk, as any adverse judgments could significantly harm its business operations and financial health.
- With total outstanding debt of Rs 31.38 crore as of March 31, 2024, the company faces financial pressure, which could limit its ability to invest in growth opportunities or respond to market changes.
