Forcas Studio IPO
Forcas Studio Ltd
₹1,23,200 /1600 sharesMinimum Investment
Forcas Studio IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
---|
-- | ₹80.00 | ₹152.00 | ₹72.00 (90.00%) |
Forcas Studio IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
---|
19 Aug ‘24 - 21 Aug ‘24 | ₹1,23,200 | 1,600 | ₹77 - ₹80 |
Qualified Institutional Buyers | 0.00x |
Non-Institutional Investor | 0.00x |
Retail Individual Investor | 0.00x |
Total | 239.82x |
Forcas Studio is engaged in menswear, offering a diverse range of men's clothing, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company caters to customers across India through both online platforms and wholesale distribution under its own brand names—FTX, Tribe, and Conteno. It provides white-labelling services for other notable brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail.
In 2021, Forcas Studio expanded its operations to include online sales. The company also maintains an offline presence, with its products available in over 500 large-format stores. It has a catalogue of more than 1,200 stock-keeping units (SKUs). The company sources its fabrics from local markets in Kolkata, Surat, and Mumbai and outsources its manufacturing to local producers in Kolkata.;
Managing director
Mr. Sailesh Agarwal
Parent organisation
Forcas Studio Ltd
Strengths & Financials of Forcas Studio
Forcas Studio operates four warehouses in Kolkata, enhancing its supply chain efficiency. The company distributes its finished products through e-commerce platforms and large retail stores.
The company has seen a steady increase in revenue from operations, which rose from Rs 50.51 crore in FY21 to Rs 53.20 crore in FY22 to Rs 69.60 crore in FY23. Profit after tax (PAT) has also grown from Rs 0.58 crore in FY21 to Rs 0.81 crore in FY22 to Rs 1.17 crore in FY23.
As of February 29, 2024, Forcas Studio's products have been delivered to over 15,000 pin codes across India.
The company offers a diverse range of products that are available on major Indian online marketplaces, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy.
Forcas Studio has an in-house design and merchandising team that manages a structured product development process. This process includes data analysis, research, trend forecasting, concept development, design sketching, styling, and sample development.
Forcas Studio Financials
*All values are in Rs. Cr
Application Details of Forcas Studio IPO
Apply as | Price band | Apply upto |
---|
Regular | ₹77 - 80 | ₹2 Lakh |
High Networth Individual | ₹77 - 80 | ₹2 - 5 Lakh |
For Forcas Studio IPO, eligible investors can apply as Regular.