Foce India was incorporated on January 10, 2001. The company is mainly engaged in the business of supply, distribution and retailing of various types of wrist watch such as Analog, Digital, Chronograph, Designer, etc. which are either custom built or general in nature.
| Bidding Dates |
|---|
| 13 Dec 2021 - 17 Dec 2021 |
| Subscription |
|---|
| 1.57x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 600 | 1.3 M | ₹225 | 73.64 % | ₹290.3 M | RHP DOC |
Foce IPO SUBSCRIPTION STATUS
17 Dec '21Foce IPO overall subscription rate was 1.57 times the total available shares
Foce IPO retail subscription rate was 1.84 times in the retail segment
Foce IPO non-institutional investor subscription rate was 1.29 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
16 Dec 2021 (Day 4) | 1.41x | 1.13x | - |
17 Dec 2021 (Day 5) | 1.84x | 1.29x | - |
13 Dec 2021 (Day 1) | 0.6x | 0.15x | - |
14 Dec 2021 (Day 2) | 0.91x | 0.3x | - |
15 Dec 2021 (Day 3) | 1.12x | 0.72x | - |
Foce FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 3MFY22 | 15.2 | 361.6 | -29.9 | -29.9 |
| FY21 | 19.9 | 769.0 | 31.0 | 30.5 |
| FY20 | 16.1 | 544.4 | -11.1 | -11.1 |
| FY19 | 15.8 | 620.8 | 4.8 | 4.6 |
Foce IPO SUBSCRIPTION STATUS DETAILS
Foce had 1.3 M shares on offer
Foce IPO offer price was ₹225
Foce IPO minimum Investment was ₹135000
Foce IPO issue size was ₹ 290.3 M
Foce had a minimum lot size of 600 Shares per application
Foce NUMBER OF SHARES ON OFFER
Foce IPO IMPORTANT DATES
| Issue Open Date | 13 Dec 2021 |
| Issue close Date | 17 Dec 2021 |
| Allotment Date | 21 Dec 2021 |
| Refund Date | 22 Dec 2021 |
| Demat Account Credit Date | 23 Dec 2021 |
| Listing Date | 28 Dec 2021 |
| Listing on Exchange(s) | NSE |
| Foce Allotment Status | Exchange |
Foce IPO subscription opened on 13 Dec 2021, and closed on 17 Dec 2021
IPO allotment for Foce was finalized on Tuesday, 21 Dec 2021
IPO listing for Foce was on NSE on Tuesday, 28 Dec 2021
Foce IPO LISTING GAINS
| Issue Price (adjusted) | 93.8 |
| Listing Open Price | 225.0 |
| Listing Close Price | 225.7 |
| Listing Gain% | 0.0% |
| Current Gain% | 492.0% |
Foce Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Foce India Ltd. | 555 | 271.6 | 43.5 | -0.8 | 1.9 | 16 | 7.3 | 145.7 | 39.2 | 15 | 3.9 | 12.7 | -56.7 |
| Lenskart Solutions Ltd. | 569.7 | 99054.9 | 200.7 | 11.2 | 5.6 | 3.4 | 8988.3 | 28.2 | 493.6 | 67 | 2.8 | ||
| Page Industries Ltd. | 39900 | 44504.1 | 58.3 | 12.2 | 8.5 | 50.8 | 26.7 | 5310.7 | 6.3 | 763.8 | 4.8 | 684.8 | 4.8 |
| Pearl Global Industries Ltd. | 2464.1 | 11381.8 | 36.7 | 1.5 | 2.1 | 19 | 8.6 | 5061.7 | 11.5 | 277.7 | 11.8 | 67.2 | 23.7 |
| Safari Industries (India) Ltd. | 1486.6 | 7267.4 | 44 | 4.1 | 3.4 | 15 | 11.6 | 2071.8 | 15.1 | 167.8 | 17.5 | 33.8 | 10.9 |
| Arvind Fashions Ltd. | 458.8 | 6132.7 | 51.3 | 0.1 | 1.1 | 13 | 2.9 | 5307 | 14 | 122.6 | 444.6 | 8.9 | 591.7 |
Foce INFORMATION ON IPO ISSUE
About Foce
Foce India was incorporated on January 10, 2001. The company is mainly engaged in the business of supply, distribution and retailing of various types of wrist watch such as Analog, Digital, Chronograph, Designer, etc. which are either custom built or general in nature.
Object of the Issue
- To meet working capital requirement
- General corporate purpose
- Meeting the issue expense
Foce - PROMOTERS
| Name |
|---|
| Manoj Sitaram Agarwal |
| Anita agarwal |
| Parmeshwari Agarwal |
Foce Lead Manager to the issue
Mark Corporate Advisors Private Limited
smeipo@markcorporateadvisors.com
Foce Registrar to the issue
Purva Sharegistry (India) Private Limited
support@purvashare.com
Foce Strengths
Experience of over two decades
The company's presence in the watch industry over two decades has helped it in understanding the changing needs and demands of the customers
Pan India
The company has a pan India presence through a network of strategically located retail watch stores
Experienced team
Key employees have experience in the industry and have been instrumental in implementing various business strategies from time to time
Foce Risks
Concentrated customer base
The concentrated customer base of the company as Top five customers provides 96.72% contribution to the company’s revenue
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, promoters, directors, and group companies.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 8.8 crore, of 390,000 shares. It also consists of a fresh issue of Rs 20.2 crore.
The promoters of the company are Manoj Sitaram Agarwal, Anita agarwal and Parmeshwari Agarwal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 225.0 - 225.0.
The IPO application opens on Dec 13, 2021 and closes on Dec 17, 2021.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 135,000.0.
This IPO will be allotted on Dec 21, 2021.
The refund will be credited to your account on Dec 22, 2021.
The allotted shares will be credited to your demat on Dec 23, 2021.
Foce India Ltd.’s shares listed on the stock exchanges on Dec 28, 2021.