Forcas Studio was initially established in the year 2010 as a partnership firm under the name ‘Forcas Apparels’ founded by Sailesh Agarwal and later expanded its operations and converted to Forcas Studio Private Limited in the year 2024 and later in the same year 2024, it was converted to a public limited Company by the name Forcas Studio Limited. Company is well known by the brand name ‘FTX’,‘TRIBE’ and ‘Conteno’ which personifies style, attitude, value for money and comfort in the mass Men’s clothing industry.
Apply IPO Online| Opening Date 19 August 2024 | Closing Date 21 August 2024 |
| Price Band ₹77 to ₹80 per share | Issue Size ₹24.41 Cr |
| Face Value ₹10 per share | Market Lot 1600 Shares |
| Listing at NSE,BSE | |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹128,000 |
| Retail (Max) | 1 | 1600 | ₹128,000 |
| HNI (Min) | 2 | 3,200 | ₹256,000 |
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The company transitioned to online business in 2021 to better serve its Pan India clientele. In the two years since it went digital with its menswear product line, the company has served about 15,000 plus pin codes in India giving it the benefit of selling to the end consumer directly and understanding their buying pattern. Its products are available on India’s top marketplaces, and will be adding few more marketplaces in the current fiscal year. The company has received positive response from its customers for its products which is reflected customers’ rating on the marketplaces. In addition to being present on the top online marketplaces, it is also present in over 500 plus large format stores, which helps it to be visibly present in offline spaces. With more than 1200 SKUs, the company’s product catalogue is broad and varied.
| Particulars | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 12,379.43 | 3,923.85 | 4,333.27 | 4,890.73 |
| Revenue | 9,648.78 | 7,162.42 | 5,380.44 | 5,113.14 |
| Profit After Tax | 553.31 | 114.55 | 78.44 | 55.55 |
| Net Worth | 1,901.97 | 860.26 | 830.84 | 711.94 |
| Reserves and Surplus | 611.97 | |||
| Total Borrowing | 2,861.04 | 2,325.26 | 2,419.99 | 2,437.92 |
| Strengths | Weaknesses | ||
|---|---|---|---|
| Offering fashion to youth of Urban Bharat | Inability to anticipate and respond to changes in fashion trends and changing customer preferences in a timely and effective manner may lead to decline in demand for products | ||
| Strong customers’ and suppliers’ relationship | Any failure to maintain relationships with third parties could adversely affect business, results of operations and financial condition | ||
| Strong Sales & Marketing team | Dependency on expected performance and operation of contract manufacturer partners. | ||
| Wide market Outreach | Inability to maintain current levels of profitability due to increased costs or reduced trading spreads or margins. | ||
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