Forcas Studio Ltd

Forcas Studio IPO

Forcas Studio Ltd

₹1,23,200 /1600 sharesMinimum investment

IPO details

Minimum investment
₹1,23,200
Price range
₹77 - ₹80
Lot size
1,600
Issue size
37.44 Cr
Face value
10
IPO document

Subscription rate

Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total239.82x
As of 21 Aug'24, 04:00 PM

Schedule

19 Aug 2024
IPO open date
21 Aug 2024
IPO close date
22 Aug 2024
Allotment date
22 Aug 2024
Funds unblock or debit
26 Aug 2024
Tentative listing date

About

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.;
Founded in
2010
MD/CEO
Mr. Sailesh Agarwal
Parent organisation
Forcas Studio Ltd

Forcas Studio Financials

Revenue
Total Assets
Profit
All values are in ₹ Cr
50.5153.2069.60202120222023

Strengths & Risks

Strengths
Risks
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 relies heavily on sales to third-party brand owners, wholesalers, and online retailers for a significant portion of its revenues. Any inability to sustain these relationships could negatively impact the company's operations and financial health.
The company depends on contract manufacturers for product procurement, as it does not own any manufacturing facilities. The business's success therefore relies heavily on the performance and reliability of these contract manufacturers.
Forcas Studio's warehouse and most of its contract manufacturing operations are concentrated in a single geographical area around Kolkata. This concentration exposes the company to regional risks that could adversely affect its manufacturing processes and supply chain, potentially harming the business and financial outcomes.
The company is involved in several ongoing legal proceedings. Any adverse judgments in these cases could have a detrimental effect on the company's business.
As of March 31, 2024, Forcas Studio had total outstanding indebtedness amounting to Rs 31.38 crore.

Application details

For Forcas Studio IPO, eligible investors can apply as Regular.

Apply asPrice bandApply rangeLot size
Regular₹77 - ₹80₹2 - ₹5 Lakhs1600
High Networth Individual₹77 - ₹80₹2 - ₹5 Lakhs1600

Frequently Asked Questions