Forcas Studio SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Forcas Studio IPO. Explore Forcas Studio IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
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.
Objects of the Issue
- Funding of upgradation of warehouse;
- Prepayment or repayment of certain secured loans availed by the Company
- Funding of working capital requirements of the Company;
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 19 Aug - 21 Aug 2024 |
| IPO Price Band | ₹ 77 - 80 per share |
| Fresh Issue | 46,80,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 37.44 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Aug 2024 |
| IPO Closing Date | 21 Aug 2024 |
| Basis Of Allotment | 22 Aug 2024 |
| Refunds | 23 Aug 2024 |
| Demat Transfer | 23 Aug 2024 |
| IPO Listing Date | 26 Aug 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Feb 2024 |
|---|---|---|---|---|
| Total Income | 51.13 | 53.80 | 71.62 | 96.49 |
| Total Expenses | 50.58 | 53.02 | 70.48 | 90.95 |
| Net Profit/Loss | 0.58 | 0.81 | 1.17 | 5.15 |
| NPM (*) | 1.16 | 1.52 | 1.68 | 5.36 |
| Total Assets | 48.91 | 43.33 | 39.24 | 58.85 |
| Total Liabilities | 41.79 | 35.02 | 30.64 | 39.83 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Feb 2024 |
|---|---|---|---|---|
| EPS | 0.82 | 0.97 | 1.36 | 3.99 |
| ROE (%) | 8.20 | 9.71 | 13.62 | 27.06 |
| ROCE (%) | 9.98 | 10.09 | 12.97 | 18.54 |
| D/E Ratio | NA | NA | NA | 1.50 |
| Current Ratio | 1.35 | 1.38 | 1.29 | 1.35 |
| EBITDA MARGIN (%) | 6.77 | 6.66 | 6.47 | 9.66 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Forcas Studio Limited | 69.60 | 58.82 | 1.36 | 9.71 | 10 |
| Aditya Birla Fashion and Retail Ltd | 12,417.90 | NA | -0.38 | -1.70 | 35.20 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 205.39 |
| Non-Institutional Investor (NII/HNI) | 701.85 |
| Retail Individual Investor (RII) | 415.82 |
| Total | 416.99 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
MAS Services Limited
Phone: +91 112 638 7281/83, 114 132 0335
Email: ipo@masserv.com
Website: www.masserv.com
Company Promoters
- SAILESH AGARWAL
- SOURAV AGARWAL
Lead Managers
- HORIZON MANAGEMENT PRIVATE LIMITED
Company Address
Forcas Studio Limited
Tara Maa Tower, B3-71C/161 B B T Road, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola - 700 141, West Bengal, India.
Phone: +91 332 950 1056
Email: info@focasstudio.in
Website: www.focasstudio.in
FAQs
- What is the issue size of the Forcas Studio SME IPO?The Forcas Studio SME IPO has an issue size of Approx ₹ 37.44 crore. This includes a fresh issue of 46,80,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Forcas Studio IPO?The price band for the Forcas Studio IPO is ₹ 77 - 80 per share.
- What are the bidding dates for the Forcas Studio IPO?The Forcas Studio IPO will open for bidding on 19 Aug 2024 and close on 21 Aug 2024.
- What is the allotment date for the Forcas Studio IPO?The allotment date for the Forcas Studio IPO is 22 Aug 2024.
- What is the listing date for the Forcas Studio IPO?The listing date for the Forcas Studio IPO is 26 Aug 2024.
- What is the Forcas Studio IPO grey market premium?The grey market premium (GMP) for the Forcas Studio IPO is currently at ₹86, with an expected listing gain of approximately 107.5%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.