
Media & Entertainment · NSE
Forcas Studio Limited, founded in April 2010, is a leading menswear brand in India, offering a wide range of clothing like shirts, jeans, t-shirts, trousers, and sportswear. It operates under the brands ‘FTX,’ ‘Tribe,’ and ‘Conteno,’ selling both online and in bulk across the country. The company has a strong presence on e-commerce platforms like Flipkart, Myntra, Amazon, and Ajio, along with offline stores like V-Mart Retail and Metro Bazar. It also provides white-labeling services to brands such as Landmark Group and Highlander. With over 1200 SKUs and delivery across 15,000+ pin codes, Forcas Studio runs its operations through four warehouses in Kolkata and a dedicated team of 68 employees.
Price Band
₹77 – ₹80
Issue Size
₹37.44 Cr
Lot Size
1600 shares
GMP
+107.5%
Est. Listing
₹166
at current GMP
Subscribed
417.06x
overall
Open
19 Aug 2024
Close
21 Aug 2024
Allotment
22 Aug 2024
Refund
23 Aug 2024
Demat Credit
24 Aug 2024
Listing
26 Aug 2024
Designated Registrar: Mas Services Limited
Allotment Date
22 Aug 2024
Basis finalization
Refunds Initiate
23 Aug 2024
Mandate release
Demat Credit
24 Aug 2024
Shares in demat
Listing Debut
26 Aug 2024
Trading begins
Forcas Studio Limited is bringing an initial public offering (IPO) in the Media & Entertainment sector with an aggregate issue size of ₹37.44 Crores. The shares are offered at a price band of ₹77 to ₹80 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1600 shares (approx. ₹1,28,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Mas Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-08-24, while un-allotted funds or UPI block mandates will be released on 2024-08-23.
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.