Forcas Studio IPO Allotment Status Online: Forcas Studio IPO is Open on 19 August 2024 and Close on 21 August 2024. Forcas Studio IPO to Raise 4,680,000 shares (Approx ₹37.44 Cr) via IPO. The Fresh Issue is 4,680,000 shares (Approx ₹37.44 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
Forcas Studio IPO Basis of Allotment Status on 22 August 2024. Forcas Studio IPO Refund Date is 23 August 2024 and Forcas Studio IPO Credit to Demat on 23 August 2024.
Also Read: Forcas Studio IPO Date, Review, GMP Price, Details
Forcas Studio IPO Allotment Link Online
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About –
Forcas Studio is into Menswear and deals in men’s garments such as Shirts, Denims, T-shirts, trousers, Cotton pants, sports-wear, party-wear, fashion wear, boxers etc. and cater pan India through online and wholesale in our own brand and also white-labelling for other brands such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail and many more.
Forcas Studio is in the business of manufacturing and selling of menswear garments through online ecommerce platforms and wholesale underthe name of ‘FTX’, ‘Tribe’ and ‘Conteno’. Our Company sales products under its own brand through the most popular retail online e-commerce platforms namely, flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd and Shopsy.
The wholesale business comprises of sale to wholesalers who purchase in bulk for onward sales to garment retailers in different states of the country. Further, our brand also are sold
through large format stores including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail and Sarvana Retails.
We transitioned to online business in 2021 to better serve our Pan India clientele. In the two years since we went digital with our menswear product line, we have served about 15,000 plus pin codes in India giving us benefit of selling to the end consumer directly and understanding their buying pattern.
Our products are available on India’s top marketplaces, and we will be adding few more marketplaces in the current fiscal year. We have received positive response from our customers for our products which is reflected customers’ rating on the marketplaces. In addition to being present on the top online marketplaces, we are also present in over 500 plus large format stores, which helps us to be visibly present in offline spaces.
With more than 1200 SKUs, our product catalogue is broad and varied. Digitalisation has made the world a smaller place and world fashion is on display like never before to the Indian masses. With our brand, we are trying to bring this aspirational fashion to the mass youth of Bharat in the fastest, most convenient and affordable manner.
We offer stylish and quality menswear at affordable prices for the masses of Bharat where we see a significant opportunity for a value for money fast fashion brand. Our mission is to become the #1 Menswear company for masses of Bharat. We are currently targeting Tier-2, Tier-3 and Tier-4 cities dedicated to providing value to customers with fashionable and comfortable product ranges.
We are committed to superior customer service, innovation in fashion and product quality with 95% of the products priced below ₹499/-. By having our products priced at such affordable prices we are helping the fashion hungry Indian mass customer from tier-2, tier-3, tier-4 to enjoy the latest fashion within their budget and to create an aspirational garment brand.
Our Company mainly sources fabric from the local markets of Kolkata, Surat and Mumbai, and outsources its job work to the manufacturers at Kolkata under the supervision of company personnel for designs and quality control. The finished products are then branded and delivered at our Company warehouse. After Quality checking at our warehouse, the products are further dispatched as per orders from wholesalers and e-commerce platform buyers. We also have dedicated suppliers who does the entire process from sourcing till manufacturing, and deliver us our designed garments which are then checked for quality at our warehouse.
Our Company develops garments through outsourcing model crafted by proficient people. It is a known fashion house and dedicated towards providing value to customers with its
fashionable and quality products range.. This gives us flexibility to easily get into new categories without any capex on plant and machinery making our business and asset light model and also help us stay faster in adding different products.
