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Foce India IPO Details

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Foce India IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Foce India

The company is mainly engaged in the business of supply, distribution and retailing of various types of wrist watches such as Analog, Digital, Chronograph, Designer etc. which are either custom built or general in nature. The company revenue from wrist watches segments from Top 10 Customers aggregates to 94.88% (say around 95.00%). Further, the revenue for corporate gifting from top 10 customers aggregates to 4.41% (say around 4.00%).

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Among these top customers, The company has a single largest customer constituting almost 91% of the total revenue. Apart from this, the company distribute and do retailing of wrist watches made under Brand Name “FOCE”

The company also involved in the business of corporate gifting (such as Time Piece, Wall Clocks, Belts, Ties, Wallets, Pens, Goggles etc.) ornamental packaging boxes for watches, selling of watches and other products under royalty brands which constitutes around 4.41% of our total revenue

Important Details – Foce India

DateDetails
January 10, 2001The company was originally incorporated as Heighten Trading Company Private Limited
December 30, 2020The company’s name was changed from Heighten Trading Company Private Limited to Foce India Private Limited
April 30, 2021The status of the Company was changed to public limited and the name of the company was changed to Foce India Limited

Objects of the Issue

  • To meet Working Capital Requirement
  • General Corporate Purpose
  • Meeting the Issue Expense

Foce India Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 3,748.54 1,118.18 1,404.88
Total income 7,689.83 5,444.44 6,208.18
Total Expenses 7,422.39 5,226.05 5,983.76
Profit After Tax 198.94 160.70 158.45

Foce IPO Price – Details

DescriptionFOCE IPO Details
Public IssueInitial Public Issue of upto 12,90,000 equity shares of ₹ 10 (aggregating up to ₹ 2,902.50 lakhs) comprising a fresh issue of upto 9,00,000 equity shares of  ₹ 10 (aggregating up to ₹ 2025.00 lakhs) and an offer of sale upto 3,90,000 equity shares  of ₹ 10 (aggregating up to ₹ 877.50 lakhs)
Issue Open  Date13-Dec-21
Issue Close Date17-Dec-21
Issue TypeFixed Price
IPO Price Band₹ 225
Face Value ₹ 10
Market Lot 600 Equity Shares and in multiples thereof
Minimum Order Quantity 600 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolFOCE
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Foce India IPO DRHP & RHP

Foce India IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum1600₹ 1,35,000
Maximum1600₹ 1,35,000

Foce IPO Lead Managers

  • Mark Corporate Advisors Private Limited

Foce IPO Registrar

  • Purva Sharegistry (India) Private Limited

Company Promoters

  • Mr. Manoj Sitaram Agarwal
  • Mrs. Anita Manoj Agarwal
  • Mrs. Parmeshwari Sitaram Agarwal

Foce IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on13-Dec-21
Bid / Offer Closes on17-Dec-21
Finalisation of Basis of Allotment21-Dec-21
Initiation of refunds 22-Dec-21
Credit of the Equity Shares23-Dec-21
Listing Date27-Dec-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
P/E RatioNAV
(₹ per share)
Foce India Limited103.8159.0530.51
KDDL Limited106.8697.9619.35
Timex Group India Limited10.2554.0018.4

Company Corporate Office

1006, 10th Floor, Srikrishna,
New Link Road, Andheri West,
Mumbai- 400 053
Website: www.foceindia.com

Company Registered Office

4 Kingston, Shastri Nagar,
Lokhandwala Complex,
Andheri West, Mumbai-400 053,
Maharashtra

Foce India IPO – FAQS

What is the Foce India IPO Price?

The Foce India IPO price band is 225 per share

When Foce India IPO will open?

The Foce India IPO opens on Dec 13, 2021 and closes on Dec 17, 2021

What is the lot size of Foce India IPO?

The Foce India IPO lot size is 600 Equity Shares and the minimum order quantity is 600 Equity Shares

Who is the Registrar for Foce India IPO?

The Registrar for Foce India IPO is Purva Sharegistry (India) Private Limited

How to apply in Foce India IPO through UPI?

Check the step by step process here – Click here

How to apply in Foce India IPO through Zerodha?

Check the step by step process here – Click here

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