{"id":32125,"date":"2024-08-14T12:33:46","date_gmt":"2024-08-14T07:03:46","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/08\/14\/forcas-studio-limited-ipo-opens-on-august-19-2024\/"},"modified":"2024-08-14T12:33:46","modified_gmt":"2024-08-14T07:03:46","slug":"forcas-studio-limited-ipo-opens-on-august-19-2024","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2024\/08\/14\/forcas-studio-limited-ipo-opens-on-august-19-2024\/","title":{"rendered":"Forcas Studio Limited IPO Opens on August 19, 2024"},"content":{"rendered":"
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Mumbai (Maharashtra) [India], August 14:<\/strong> Forcas Studio Limited, one of the pioneers in aspirational fashion brands for the youth of Bharat, with a strong focus on menswear, has announced its plan to go public with an Initial Public Offering (IPO) on August 19, 2024. The company is aiming to raise \u20b9 37.44Crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.<\/p>\n

The issue size is Up\u00a0to\u00a046,80,000\u00a0equity\u00a0shares at\u00a0a\u00a0face value of\u00a0\u20b9\u00a010 each.\u00a0<\/p>\n

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Equity Share Allocation<\/p>\n

\u2013 QIB Anchor Portion \u2013 Up To\u00a013,31,200\u00a0Equity Shares<\/p>\n

\u2013 Qualified Institutional Buyers (QIB) \u2013\u00a0Up To 8,89,600 Equity Shares<\/p>\n

\u2013 Non-Institutional Investors (NII) \u2013\u00a0Up To\u00a06,67,200\u00a0Equity Shares<\/p>\n

\u2013 Retail Individual Investors (RII) \u2013\u00a0Up To\u00a015,56,800Equity Shares\u00a0<\/p>\n

\u2013 Market Maker \u2013\u00a0Up To\u00a02,35,200\u00a0Equity Shares\u00a0<\/p>\n<\/div>\n

The net proceeds from the IPO will be utilized for Funding the upgradation of the warehouse, Prepayment or repayment of certain secured loans availed by the Company, Funding of working capital requirements and General Corporate Purposes.\u00a0The bidding for Anchor portion will open on\u00a0August 16, 2024, the issue\u00a0will\u00a0open for subscription\u00a0for all other category\u00a0from\u00a0August 19, 2024 and closes on\u00a0August 21, 2024.<\/p>\n

The\u00a0Book Running\u00a0Lead Manager to the Issue\u00a0is\u00a0Horizon Management Private\u00a0Limited.\u00a0The Registrar to the Issue is Mas Services Limited.<\/p>\n

Mr.\u00a0Sailesh Agarwal,\u00a0Managing Director\u00a0of\u00a0Forcas Studio Limited,\u00a0expressed,\u00a0\u201cReflecting on our remarkable journey, Forcas Studio Limited has evolved into a distinguished name in the Indian menswear market, embodying style, quality, and affordability. From\u00a0the\u00a0beginning, we\u00a0have\u00a0consistently prioritized innovation and customer satisfaction. Our brands \u2018FTX\u2019, \u2018TRIBE\u2019, and \u2018Conteno\u2019 have become synonymous with fashionable, affordable, and comfortable menswear, catering to a wide demographic across India.<\/p>\n

As we move forward, our focus remains on expanding our reach and enhancing our brand presence both online and offline. The shift to online business in 2021 has allowed us to connect directly with consumers, serving over 15,000 pin codes and gaining valuable insights into their preferences. With over 1,200 SKUs and a strong presence on major e-commerce platforms, we are committed to delivering value to our customers, particularly in Tier-2, Tier-3, and Tier-4 cities\u00a0and Towns, where we see tremendous potential for growth.\u00a0<\/p>\n

Our mission is to become the leading menswear brand for the masses of Bharat, and with the upcoming launch of our women\u2019s wear and kids\u2019 wear lines under the brands \u2018TRIBE\u2019 and \u2018Conteno\u2019, we are poised to further diversify our offerings and solidify our position in the fashion industry.\u201d<\/p>\n

Mr.\u00a0Manav Goenka,\u00a0President\u00a0\u2013\u00a0Investment Banking of\u00a0Horizon Management Private Limited,\u00a0said,\u00a0\u201cThe growth of Forcas Studio Limited is a reflection of their keen understanding of the men\u2019s fashion industry and their unwavering commitment to excellence. Their ability to navigate the rapidly changing fashion landscape, coupled with a robust online presence and a diverse range of stylish and affordable menswear, positions them for continued success. The strategic expansion into new product lines, combined with their focus on becoming a dominant brand in the men\u2019s fashion sector, highlights their ambition and vision. The upcoming IPO represents a significant milestone in their journey, and we are confident that Forcas Studio Limited will continue to set new benchmarks in the industry, driven by innovation, customer-centricity, and a deep knowledge of market trends.\u201d<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mumbai (Maharashtra) [India], August 14: Forcas Studio Limited, one of the pioneers in aspirational fashion brands for the youth of Bharat, with a strong focus on menswear, has announced its plan to go public with an Initial Public Offering (IPO) on August 19, 2024. The company is aiming to raise \u20b9 37.44Crores at the upper…<\/p>\n

Read More “Forcas Studio Limited IPO Opens on August 19, 2024”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":32126,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-32125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/32125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=32125"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/32125\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/32126"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=32125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=32125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=32125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}