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Open
19 Aug 2024
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Close
21 Aug 2024
3
Allotment
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Listing
Mon, Aug 26, 2024
Price Band
₹77 to ₹80
Issue Size
46,80,000 shares (agg. up to ₹37 Cr)
Lot Size
1,600 Shares
Listing Date
Mon, Aug 26, 2024
Latest GMP
₹86
Est. Gain
107.5%
✦ AI Insight
GMP Trend
26-08-2024₹86Est. ₹166+107.5%
25-08-2024₹86Est. ₹166+107.5%
24-08-2024₹82Est. ₹162+102.5%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 291.44x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kizi Apparels Ltd. | SME | ₹5.58 Cr | ₹21 | 15.01 | ₹24.30 | +15.71% | ₹19.27 (-3.36%) |
| Signoria Creation Ltd. | SME | ₹9.28 Cr | ₹65 | 9.37 | ₹137.55 | +111.62% | ₹134.20 (-4.99%) |
| Mish Designs Ltd. | SME | ₹9.76 Cr | ₹122 | 21.75 | ₹152.00 | +24.59% | ₹31.82 (-4.99%) |
| Karnika Industries Ltd. | SME | ₹25.07 Cr | ₹76 | 7.57 | ₹82.60 | +8.68% | ₹121.75 (-3.22%) |
| C P S Shapers Ltd. | SME | ₹11.10 Cr | ₹185 | 11.28 | ₹472.50 | +155.41% | ₹1,010.10 (-2.83%) |
| Saraswati Saree Depot Ltd. | Mainboard | ₹160.01 Cr | ₹160 | 17.94 | ₹203.70 | +27.31% | ₹53.62 (-0.70%) |
Objects of the Issue
| # | 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 |
About Forcas Studio IPO
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 marketplac
Contact Details
Forcas Studio Ltd. AddressTara Maa Tower, B3-71C/161 B B T RoadVivekanandapurThakurpukur MahestolaDist.South 24 Parganas, West Bengal, 700141+91 3329501056info@focasstudio.inVisit Website