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15 Days Price Change

Forcas Studio IPO

Closing In

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Profile
Issue Size --
Profile
Price Range 77  to  80 per share
Profile
Min Investment ₹80
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Forcas Studio Limited was originally established as "Forcas Apparels" in 2010 and later transformed into Forcas Studio Limited in 2024. The company specializes in men's fashion, offering a wide range of garments including shirts, jeans, t-shirts, trousers, sportswear, and more. It operates under the brand names "FTX," "TRIBE," and "Conteno." Forcas Studio serves the Indian market primarily through online platforms such as Flipkart, Myntra, Amazon, and others. Additionally, its products are available in over 500 large-format stores across India. The company expanded its online presence significantly in 2021, now serving more than 15,000 pin codes across the country. Read More

Basic Info

Face Value 10 per share

Price 77  to  80 per share

P/E (x) 14.5

Sales( Cr.) 142

PAT( Cr.) 9

EPS 5.5

Draft Prospectus --

Exchange NSE-SME

Promoter

Company Promoters

Sailesh Agarwal Sourav Agarwal.

Pre Issue Share Holding 100%

Post Issue Share Holding 38.04%

Listing Details:

Listing Price: 152

Listing Gain: 47.37%

Current Price: 103

Gain On Issue: 103 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Aug 19, 2024
Closing Date Aug 21, 2024
Allotment Aug 22, 2024
Refund Aug 23, 2024
Delivery of Shares Aug 23, 2024
Listing Date Aug 26, 2024

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1600 128,000
Retail (Max) 1 1600 128,000
S-HNI (Min) 2 3200 256,000
S-HNI (Max) 7 11200 896,000
B-HNI (Min) 8 12800 1,024,000

Objective of the Issue

1. Funding for upgradation of the warehouse 2. Prepayment or repayment of certain secured loans availed by the company 3. Funding of working capital requirements of the company 4. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 2340000 480612600 205.4x
NII 702000 492698700 701.9x
Retail 1638000 681113160 415.8x
EMP 0 0 0x
Total 4680000 1951513200 417x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Forcas Studio Profit & Loss

#(Fig in Cr.) Mar 2024 Mar 2025 TTM
Net Sales 40 142
Other Income 0 1
Total Income 41 143
Total Expenditure 37 128
Operating Profit 4 15
Interest 1 3
Depreciation 0 0
Exceptional Income / Expenses 0 0
Profit Before Tax 3 12
Provision for Tax 1 3
Profit After Tax 2 9
Adjustments 0 0
Profit After Adjustments 2 9
Adjusted Earnings Per Share 1.7 4.9

Forcas Studio Balance Sheet

#(Fig in Cr.) Mar 2024 Mar 2025
Shareholder's Funds 20 64
Minority's Interest 0 0
Borrowings 2 1
Other Non-Current Liabilities -0 -0
Total Current Liabilities 44 26
Total Liabilities 66 91
Fixed Assets 1 2
Other Non-Current Assets 9 4
Total Current Assets 56 86
Total Assets 66 91

Forcas Studio Cash Flow

#(Fig in Cr.) Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0
Cash Flow from Operating Activities -40 -10
Cash Flow from Investing Activities -10 5
Cash Flow from Financing Activities 50 13
Net Cash Inflow / Outflow 0 8
Closing Cash & Cash Equivalent 0 8

Forcas Studio Ratios

# Mar 2024 Mar 2025
Earnings Per Share (Rs) 1.66 4.91
CEPS(Rs) 1.71 5.09
DPS(Rs) 0 0
Book NAV/Share(Rs) 15.5 36.21
Core EBITDA Margin(%) 8.69 9.73
EBIT Margin(%) 9.15 10.06
Pre Tax Margin(%) 6.72 8.19
PAT Margin (%) 5.28 6.07
Cash Profit Margin (%) 5.45 6.3
ROA(%) 3.25 11.01
ROE(%) 10.7 20.63
ROCE(%) 7 22.04
Receivable days 290.92 90.48
Inventory Days 177.06 68.14
Payable days 124.49 42.25
PER(x) 0 14.72
Price/Book(x) 0 2
Dividend Yield(%) 0 0
EV/Net Sales(x) 1.12 0.93
EV/Core EBITDA(x) 12.05 9.01
Net Sales Growth(%) 0 251.4
EBIT Growth(%) 0 286.52
PAT Growth(%) 0 303.37
EPS Growth(%) 0 195.98
Debt/Equity(x) 1.65 0.21
Current Ratio(x) 1.26 3.31
Quick Ratio(x) 0.82 2.01
Interest Cover(x) 3.77 5.36
Total Debt/Mcap(x) 0 0.11

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 255% 0% 0% 0%
Operating Profit CAGR 275% 0% 0% 0%
PAT CAGR 350% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 4% NA% NA% NA%
ROE Average 21% 16% 16% 16%
ROCE Average 22% 15% 15% 15%

Company Contact Information

Forcas Studio Ltd.

Tara Maa Tower, B3-71 C /161 B B T Road Vivekanandapur South 24 Parganas, Thakurpukur Mahestola

IPO Lead Manager(s)

Forcas Studio Ltd.

Horizon Management Pvt Ltd.

Registrar Info

Forcas Studio Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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