Forcas Studio Limited IPO GMP

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, an Book Built Issue amounting to ₹37.44 crores, consisting entirely a Fresh Issue of 46.8 Lakh Shares. The subscription period for the Forcas Studio IPO opens on August 19, 2024, and closes on August 21, 2024. The allotment is expected to be finalized on or about Thursday, August 22, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday, August 26, 2024.

The Share price band of Forcas Studio IPO is set at ₹77 to ₹80 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹128,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹256,000.

HORIZON MANAGEMENT PRIVATE LIMITED is the book-running lead manager, MAS SERVICES LIMITED is the registrar for the Issue. Giriraj Stock Broking Private Limited will act as the Market Maker for the Forcas Studio IPO.

Forcas Studio Limited IPO GMP Today
The Grey Market Premium of Forcas Studio Limited IPO is expected in the range of ₹70 to ₹72 based on the financial performance and Subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Forcas Studio Limited IPO Live Subscription Status Today
As of 01:21 PM on 21 August 2024, the Forcas Studio Limited IPO live subscription status shows that the IPO subscribed 196.58 times on on the first day of subscription period. Check the Forcas Studio Limited IPO Live Subscription Status Today at NSE.

Forcas Studio Limited IPO Allotment Status
Forcas Studio IPO allotment date is 22 August, 2024, Thursday. Forcas Studio IPO Allotment will be out on 22nd August 2024 and will be live on Registrar Website from the allotment date. Check Forcas Studio Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Solve Plastic Products Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Forcas Studio Limited IPO
Forcas Studio Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹165.67 Lakhs is required for funding of upgradation of warehouse; 
2. ₹1,300.00 Lakhs is required for prepayment or repayment of certain secured loans availed by the Company; 
3. ₹1,200.00 Lakhs is required for funding of working capital of the Company; 
4. General Corporate Purposes.

Refer to Forcas Studio Limited RHP for more details about the Company.