Forcas Studio SME IPO Details, Financials, Valuation & Peers

Forcas Studio Limited is a menswear company specializing in a wide range of garments, including shirts, denims, T-shirts, trousers, cotton pants, sportswear, party-wear, fashion wear, and boxers. The company operates under its own brands, such as FTX, Tribe and Conteno, while also offering white-labeling services for renowned brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, and Kontail. Forcas Studio transitioned to the online business in 2021, expanding its reach across India through leading e-commerce platforms like Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, and others. The company also maintains a strong offline presence, with products available in over 500 large format stores nationwide. With more than 1,200 SKUs, Forcas Studio offers a broad and varied product catalog, catering primarily to Tier-2, Tier-3, and Tier-4 cities, aiming to bring affordable and stylish fashion to the masses.

Key Points:

• Product Range: Offers a diverse selection of men's garments, including shirts, denims, T-shirts, trousers, and more, under the brands FTX, Tribe and Conteno.
• White-Labeling: Provides white-labeling services for prominent brands such as Landmark Group, V-Mart Retail, and Highlander.
• E-commerce Presence: Sells products through major online platforms like Flipkart, Myntra, Amazon, and more, reaching over 15,000 pin codes in India.
• Offline Presence: Available in over 500 large format stores, ensuring visibility in both online and offline markets.
• Target Market: Focuses on Tier-2, Tier-3, and Tier-4 cities, offering affordable fashion with 95% of products priced below ₹499.
• Asset-Light Model: Operates with an asset-light model by outsourcing manufacturing while maintaining control over design and quality.
• Warehousing: Manages four warehouses in Kolkata, supporting an efficient supply chain and central inventory management system.