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)