
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹80
Band: ₹77 – ₹80
Estimated Listing Price
₹166
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,28,000
Estimated Profit / Lot
₹1,37,600
1600 × ₹86
Grey Market Premium trend
+₹86
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹86 | 107.5% | ₹166 |
| 30 Oct 2026 | +₹86 | 107.5% | ₹166 |
| 29 Oct 2026 | +₹77 | 96.8% | ₹157 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Forcas Studio Limited IPO is ₹86, which indicates an expected listing price of ₹166.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.