Forcas Studio IPO receives 31.51x Subscription on Day One

Forcas Studio IPO Receives 31.51x Subscription on Day One

Forcas Studio Limited has made a strong debut in the capital market with its Initial Public Offering (IPO) being oversubscribed by a significant margin on the first day of bidding. The IPO, which opened for subscription on August 19, 2024, has garnered substantial interest from investors.

IPO Details

  • Issue Size: ₹37.44 crore
  • Price Band: ₹77 to ₹80 per share
  • Lot Size: 1600 shares
  • Issue Type: Book-built issue
  • Listing Exchange: NSE SME

Strong Investor Interest

The overwhelming response to the Forcas Studio IPO can be attributed to several factors:

  • Strong financials: The company has demonstrated consistent growth in its financial performance, inspiring investor confidence.
  • Growth prospects: Operating in a promising industry segment, Forcas Studio is poised for expansion and growth.
  • Affordable valuation: The IPO pricing is perceived to be attractive, making it an appealing investment opportunity for retail investors.

About Forcas Studio

Forcas Studio Limited sells men’s clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more.

Key Dates

  • Listing: August 26, 2024 (tentative)
  • IPO Open: August 19, 2024
  • IPO Close: August 21, 2024
  • Allotment: August 22, 2024 (expected)

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