Forcas Studio Ltd IPO Timeline

Forcas Studio Ltd IPO opens on 19-Aug-2024, and closes on 21-Aug-2024. The Forcas Studio Ltd IPO bid date is from 19-Aug-2024 to 21-Aug-2024. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Forcas Studio Ltd IPO Opening Date 19-Aug-2024
Forcas Studio Ltd IPO Closing Date 21-Aug-2024
Basis of Allotment 22-Aug-2024
Initiation of Refunds 23-Aug-2024
Credit of Shares to Demat 23-Aug-2024
Forcas Studio Ltd IPO Listing Date 26-Aug-2024

Forcas Studio Ltd IPO Lot Size

Forcas Studio Ltd IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or 128000).

Application Lots Shares Amount
Minimum 1 1600 ₹128000
Maximum 1 1600 ₹128000

Forcas Studio Ltd IPO Details

Forcas Studio Ltd IPO Date 19-Aug-2024 to 21-Aug-2024
Forcas Studio Ltd IPO Face Value Shares of ₹10 per share
Forcas Studio Ltd IPO Price ₹77 to ₹80 per share
Forcas Studio Ltd IPO Lot Size 1600
Issue Size Shares of ₹10 (aggregating up to ₹37.44 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹37.44 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Sailesh Agarwal, Sourav Agarwal.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Funding of upgrading of warehouse
  • 2 Prepayment or repayment of all or a portion of certain loans availed by the company
  • 3 Funding of working capital requirements of the company
  • 4 General corporate purposes

Company Financials

Forcas Studio Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
02-2024 58.85 24.24 1.17
Amount in ₹ Crore
  • Product Design.
  • Wide market Outreach.
  • Offering fashion to youth of Urban Bharat.
  • Strong Sales & Marketing team.
  • Highly experienced management team.
  • Strong customers' and suppliers' relationship.
  • Wide range of Products.
  • If the company is unable to anticipate and respond to changes in fashion trends and changing customer preferences in a timely and effective manner, the demand for its products may decline, which may have an adverse effect on its business, results of operations and prospects.
  • The company derives a significant portion of its revenues from sales to third party brand owners, wholesalers and through online retailers. Any failure to maintain relationships with such third parties could adversely affect its business, results of operations and financial condition.
  • The company is dependent on its contract manufacturers to procure the company products and does not have any manufacturing facilities of its own. The company's business is therefore dependent to a large extent on expected performance and operation of its contract manufacturer partners.
  • If any new products or brands that the company launch are not as successful as its anticipate, The company's business, results of operations and financial condition may be adversely affected.
  • If the company is unable to procure raw materials, finished products and packing material of the required quality and quantity, at competitive prices, its business, results of operations and financial condition may be adversely affected.
  • The company conduct its business activities on a purchase order basis and therefore, have not entered into long-term agreements with its customers.
  • Any failure in the quality control processes by its contract manufacturers may adversely affect the company's business, results of operations and financial condition. The company may faces product liability claims and legal proceedings if the quality of products supplied by its manufacturers does not meet its customers' expectations.
  • Its warehouse and a majority of the company contract manufacturers are exclusively based in a single geographical region. This may expose its manufacturing processes and the company supply chain to regional risks, which may adversely affect its business, financial condition and results of operations.
  • Its operations could be adversely affected by labour shortages, strikes, work stoppages or increased wage demands by its employees or any other kind of disputes with the company employees.
  • Pricing pressure from its competitors may affect its ability to maintain or increase the company product prices and, in turn, its revenue from product sales, gross margin and profitability, which may materially and adversely affect its business, financial condition and results of operations.
  • If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operate its business, it may have a material adverse effect on the company's business, results of operations and financial condition.
  • Any delays and/or defaults in customer payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
  • If the Company is unable to continue being creative or if the company is unable to keep up to the changing trends in the textile industry, it may adversely affect its business, results of operations and prospects.
  • Its business and prospects may be adversely affected if the company is unable to maintain and grow the image of its brands.
  • The Company does not have long-term agreement with suppliers for supply of raw material. Its inability to obtain raw material in a timely manner, in sufficient quantities could adversely affect its operations, financial condition and/or profitability.
  • Its business is subject to seasonality. Lower revenues in the festive period of any Fiscal may adversely affect its business, financial condition, results of operations and prospects.
  • The business orders which the company undertake may be delayed, modified, cancelled, or not fully paid for by its clients and therefore, could materially affect the company's business, results of operations and financial condition.
  • The company results of operations are likely to vary from year to year and be unpredictable, which could cause the market price of the Equity Shares to be volatile.
  • The company may not be able to maintain its current levels of profitability due to increased costs or reduced trading spreads or margins.
  • There are outstanding litigations involving the Company which, if determined adversely, may affect its business and financial condition.
  • If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.
  • The Company requires significant amount of working capital for a continuing growth. Its inability to meet the company's working capital requirements may adversely affect its results of operations.
  • If the Company is unable to protect its intellectual property, or if the Company infringes on the intellectual property rights of others, its business may be adversely affected.
  • The company does not own any premises used by the Company. Disruption of its rights as licensee/ lessee or termination of the agreements with its licensors/ lessors would adversely impact the company's business.
  • The company may be unable to grow its business in additional geographic regions or international markets, which may adversely affect its business prospects and results of operations.
  • The company is dependent on third party transportation providers for delivery of garments to it from the company's suppliers and delivery of its products to the company customers. The company has not entered into any formal contracts with its transport providers and any failure on part of such service providers to meet their obligations may adversely affect its business, financial condition and results of operation.
  • If the company is unable to identify customer demand accurately and maintain an optimal level of inventory proportionately, its business, results of operations and financial condition may be adversely affected.
  • The company relies significantly on its direct marketing network for sale of the company products. Also, the company does not have any formal agreement with its customers.
  • The company faces risks of delisting or debarment from online platforms.
  • Its Promoters, Directors, Key Managerial Personnel and Senior Management have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
  • The company has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize.
  • The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
  • Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
  • The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.
  • Its future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
  • The company has in past entered into related party transactions and its may continue to do so in the future.
  • Its Promoters have extended personal guarantees and personal properties as collateral security with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business operations and financial condition.
  • Its agreements with lenders for financial arrangements contain restrictive covenants for certain activities and if the company is unable to get their approval, it might restrict its scope of activities and impede its growth plans.
  • In addition to its existing indebtedness for the company existing operations, its may incur further indebtedness during the course of business. The company cannot assure that its would be able to service its existing and/ or additional indebtedness.
  • The company intend to utilise a portion of the Net Proceeds for funding of upgradation of its warehouse. The company is yet to place orders for materials required for upgrading its warehouse.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the 'objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • The Company proposes to utilize part of the Net Proceeds for repayment or pre-payment, in full or in part, of all or certain borrowings availed by the Company and accordingly, the utilization of that portion of the Net Proceeds will not result in creation of any tangible assets.
  • Its success largely depends upon the knowledge and experience of its Promoters, Directors, the company Key Managerial Personnel and its Senior Management. Loss of any of the company's Directors and key managerial personnel or its ability to attract and retain them could adversely affect its business, operations and financial condition.
  • Its lenders have charge over the company movable and immovable properties in respect of finance availed by the company.
  • The Company has availed certain unsecured loans which may be recalled at any time.
  • The deployment of funds raised through this Issue shall not be subject to any Monitoring Agency and shall be purely dependent on the discretion of the management of the Company.
  • Any variation in the utilisation of the Net Proceeds or in the terms of any contract as disclosed in the Draft Red Herring Prospectus would be subject to certain compliance requirements, including prior shareholders' approval.
  • The requirement of funds in relation to the objects of the Issue has not been appraised.
  • Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
  • The company has not independently verified certain data in this Draft Red Herring Prospectus.
  • The requirements of being a listed company may strain its resources.
  • The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of National Stock Exchange of India Limited in a timely manner or at all.
  • There is no existing market for its Equity Shares, and the company does not know if one will develop to provide you with adequate liquidity. Further, an active trading market for the Equity Shares may not develop and the price of the Equity Shares may be volatile.
  • The price of the Equity Shares may be highly volatile after the Issue.
  • You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase in the Issue.
  • There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
  • The price of the Equity Shares may be volatile, which could result in substantial losses for investors acquiring the Equity Shares in the Issue.
  • Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoter or members of the company's Promoter Group may adversely affect the trading price of the Equity Shares.
  • Sale of Equity Shares by its Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • Fashion at affordable price.
  • Product Pricing.
  • Increase online presence.
  • Leverage and enhance our brand name.
  • Improving operational efficiencies.

Forcas Studio Ltd IPO Promoter Holding

Pre Issue Share Holding 82.17%
Post Issue Share Holding 60.30%

Forcas Studio Ltd IPO Subscription Status (Bidding Detail)

The Forcas Studio Ltd IPO is subscribed 387.7711 times on Aug 21, 2024 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 387.7711

Forcas Studio Ltd IPO Prospectus

Forcas Studio Ltd IPO Listing Date

Listing Date 26 Aug 24
BSE Script 92990
NSE Symbol FORCAS
Listing In NSE - SME
ISIN INE0U2501017
IPO Price ₹80
Face Value ₹10

Forcas Studio Ltd IPO Registrar

Mas Services Limited

Phone: +91 112 638 7281/83,
Email: ipo@masserv.com
Website: www.masserv.com

Forcas Studio Ltd IPO Lead Manager(s)

  1. Horizon Management Pvt Ltd

FAQs on Forcas Studio Ltd IPO

Forcas Studio Ltd IPO, which opens for subscription from 19-Aug-2024 to 21-Aug-2024 has an issue size of ₹37.44 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Forcas Studio Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Forcas Studio Ltd IPO Opens for subscription from 19-Aug-2024 to 21-Aug-2024.

The lot size of Forcas Studio Ltd is 1600 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹128000 and ₹128000 respectively.

Allotment date for Forcas Studio Ltd is 22-Aug-2024 and refund of application amount (in case allotment is not received) will begin from 23-Aug-2024. If your allotment goes through, then shares will be credited in your Demat account by 23-Aug-2024.

The registrar for Forcas Studio Ltd IPO is Mas Services Limited. You can check your IPO allotment status on the registrar's website.

The shares of Forcas Studio Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Power your investments with our smart trading platforms

mobilefooterimg
  • app_download_icon_img
    10 million+
    App downloads
  • 1_Click_icon_img
    1-Click
    Order Placement
  • higherreturns_icon_img
    2,203 Crore+
    Average Daily Turnover
Download App
App_Download_QRCode