Forcas Studio IPO subscription started on 19 August 2024 and will close on 21 August 2024. Forcas Studio plans to raise INR 37.44 crores via the IPO. The price band is fixed at INR 77 – 80 per share. The Forcas Studio IPO market lot has 1,600 shares and the minimum application amount is INR 1,28,000. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Forcas Studio IPO subscription status here. The subscription figures are taken from NSE SME and are updated at regular intervals. Here you can find Forcas Studio IPO subscription status segregated by days and investor categories.

Forcas Studio IPO Subscription Status – Live Updates

The market maker reservation portion of 2,35,200 shares and anchor allocation of 13,31,200 shares are not included in the above calculations.

Forcas Studio – Business Background

Forcas Studio sells men’s clothing and accessories such as shirts, jeans, t-shirts, trousers, cotton trousers, sportswear, party wear, fashion wear, boxer shorts, etc. online across India. The company wholesales under brands like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, etc.

Forcas Studio manufactures, sells, and wholesale through e-commerce platforms under the name ‘FTX‘, ‘Tribe‘, and ‘Conteno‘. The company sells branded products through e-commerce platforms like Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy.

In addition to being present on the top online marketplaces, it is also in over 500 large format stores, which helps to be visibly present in offline spaces. With more than 1200 SKUs, the company’s product catalog is broad and varied. As of 29 February 2024, the company had delivered the products in 15,000 plus pin codes in India for orders placed through online e-commerce marketplaces spread across Pan India.

Investor Categories in Forcas Studio IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Forcas Studio IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

Read Also: Jaipur-based SK Finance IPO out of SEBI abeyance

Forcas Studio IPO Subscription Status FAQs

When will the subscription for the Forcas Studio IPO start?

Forcas Studio IPO is open for subscription from 19 August 2024 to 21 August 2024.

How to subscribe to Forcas Studio IPO?

You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.

When Forcas Studio IPO will be listed?

Forcas Studio IPO is scheduled to be listed on 26 August 2024, at the NSE EMERGE.