
Capital Goods · NSE
Foce India, incorporated in 2001, is engaged in the supply, distribution, and retailing of various types of wristwatches, including Analog, Digital, Chronograph, and Designer models. The company primarily generates revenue from bulk supply to institutional customers, accounting for approximately 95% of its total earnings. Additionally, it sells watches under its own brand, "FOCE," contributing 2% of revenue, while sales from royalty-branded watches and corporate gifting products, such as timepieces, wall clocks, belts, ties, wallets, pens, and goggles, make up around 3%. To expand its operations, the company established a wholly-owned subsidiary, FO Industries Private Limited, in Mumbai in 2021, with a manufacturing and assembly facility located in Bhiwandi, near Mumbai.
Price Band
₹225
Issue Size
₹29.03 Cr
Lot Size
600 shares
GMP
Est. Listing
₹225
at current GMP
Subscribed
—
Open
13 Dec 2021
Close
17 Dec 2021
Allotment
21 Dec 2021
Refund
22 Dec 2021
Demat Credit
23 Dec 2021
Listing
28 Dec 2021
Designated Registrar: Purva Sharegistry India Private Limited
Allotment Date
21 Dec 2021
Basis finalization
Refunds Initiate
22 Dec 2021
Mandate release
Demat Credit
23 Dec 2021
Shares in demat
Listing Debut
28 Dec 2021
Trading begins
Foce India Limited is bringing an initial public offering (IPO) in the Capital Goods sector with an aggregate issue size of ₹29.03 Crores. The shares are offered at a price band of ₹225 to ₹225 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2021-12-17, the basis of allotment is scheduled to be finalized on 2021-12-21. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Purva Sharegistry India Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.