Forcas Studio IPO Launches August 19 with Price Band of ₹77-₹80, Check key details
Forcas Studio Limited is a prominent player in the Indian menswear garment industry, known for its diverse range of high-quality apparel. The company offers a wide variety of products, including shirts, denim, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. These products are marketed under its popular brand names ‘FTX’, ‘Tribe’, and ‘Content’.
Established with a strong presence both online and offline, Forcas Studio has successfully expanded its reach through major e-commerce platforms like Flipkart, Myntra, Meesho, Amazon, Ajio, and Jio Mart. The company also has a physical presence in over 500 large-format stores across India. Since transitioning to online sales in 2021, Forcas Studio has served customers across more than 15,000 pin codes, building a reputation for quality and customer satisfaction.
With a product catalog featuring over 1200 SKUs, Forcas Studio continues to innovate and meet the growing demand for stylish and affordable menswear in the Indian market.
Forcas Studio IPO: Overview
Forcas Studio Limited, a leading menswear garment company, is set to open its Initial Public Offering (IPO) on August 19, 2024, closing on August 21, 2024. The IPO price band has been fixed at ₹77 to ₹80 per share.
Forcas Studio IPO Key Details
Forcas Studio IPO Dates: August 19 – 21, 2024
Forcas Studio IPO Price Band: ₹77 – ₹80 per share
Forcas Studio IPO Lot Size: 1600 shares, requiring a minimum investment of ₹128,000 for retail investors
Forcas Studio IPO Total Issue Size: ₹37.44 crores through 4,680,000 shares
Forcas Studio IPO Listing: NSE SME on August 26, 2024
Objectives of the Forcas Studio IPO
Warehouse Upgradation: Enhance storage and distribution.
Loan Repayment: Reduce financial liabilities.
Working Capital: Support daily operations and expansion.
General Corporate Purposes: Strengthen financial health.
Investment Highlights of Forcas Studio IPO
Since transitioning to online sales in 2021, Forcas Studio has expanded its reach across India, serving over 15,000 pin codes and featuring in more than 500 stores. With over 1200 SKUs, the company enjoys positive customer feedback.
Forcas Studio IPO Timeline
Allotment Basis: August 22, 2024
Refunds Initiation: August 23, 2024
Shares Credited: August 23, 2024
Listing Date: August 26, 2024
Conclusion
The Forcas Studio IPO offers investors a chance to participate in a company with a strong presence in the menswear market. With strategic fund allocation and a robust distribution network, Forcas Studio is poised for growth in the Indian market.
