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Foce India Limited IPO (Foce India IPO) Detail

Dec 13, 2021 - Dec 17, 2021

Incorporated in 2001, Foce India is mainly engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer, etc. These watches are either custom-built or are general in nature. The company supplies wristwatches in bulk to their top 5 Institutional customers constituting approximately 95% of the company's total revenue. The company also distributes and retails wristwatches made under Brand Name "FOCE" which contributes to 2% of their revenues. Foce India is also involved in the business of corporate gifting (such as Time Piece, Wall Clocks, Belts, Ties, Wallets, Pens, Goggles, etc.) ornamental packaging boxes for watches, selling of watches and other products under royalty brands which constitute around 3% of their total revenue.

On April 06, 2021, Foce India incorporated a wholly-owned subsidiary company namely "FO Industries Private Limited" in Mumbai with an object to carry on the business of manufacturing/ assembling watches and other products and the facilities is being located at Bhiwandi, Near Mumbai.

Competitive Strengths:

  • Experience of over two decades in the watch industry
  • Pan India presence through a network of strategically located retail watch stores
  • Experienced promoters and a strong management team and employees

Company Promoters:

Mr. Manoj Sitaram Agarwal, Mrs. Anita agarwal, Mrs. Parmeshwari Agarwal are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 387.13 374.85 111.81 140.48
Total Revenue 361.66 768.98 544.44 620.81
Profit After Tax 15.22 19.89 16.07 15.84

Objects of the Issue:

  • To meet Working Capital Requirement
  • General Corporate Purpose
  • Meeting the Issue Expense

Foce India IPO Details

IPO Opening Date Dec 13, 2021
IPO Closing Date Dec 17, 2021
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹225 per equity share
Market Lot 600 Shares
Min Order Quantity 600 Shares
Listing At NSE SME
Issue Size1,290,000 Eq Shares of ₹10
(aggregating up to ₹29.03 Cr)
Fresh Issue900,000 Eq Shares of ₹10
(aggregating up to ₹20.25 Cr)
Offer for Sale390,000 Eq Shares of ₹10
(aggregating up to ₹8.78 Cr)

Foce India IPO Tentative Timetable

The Foce India IPO open date is Dec 13, 2021, and the close date is Dec 17, 2021. The issue may list on Dec 28, 2021.

IPO Open Date Dec 13, 2021
IPO Close Date Dec 17, 2021
Basis of Allotment Date Dec 21, 2021
Initiation of Refunds Dec 22, 2021
Credit of Shares to Demat Account Dec 23, 2021
IPO Listing Date Dec 28, 2021

Foce India IPO Lot Size

The Foce India IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹135,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 600 ₹135,000
Maximum 1 600 ₹135,000

Foce India IPO Promoter Holding

Pre Issue Share Holding 99.99%
Post Issue Share Holding 73.63%

Foce India IPO Review

Super profits for the first quarter of FY22 raises eyebrows, if we track the last three fiscal’s data. Such margin sustainability raises concern. Based on Q1-FY22 performance, the pricing of the IPO appears lucrative but otherwise, it's an aggressively priced issue. Perhaps the company is trying to encase the euphoria of primary market’s current mood. There is no harm in giving this pricy issue a MISS. Read detail review...

Foce India IPO Subscription Status (Bidding Detail)

The Foce India IPO is subscribed 1.57 times on Dec 17, 2021 5:00:00 PM. The public issue subscribed 1.84 times in the retail category, times in the QIB category, and 1.29 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.29
Retail1.84
Total1.57

Foce India IPO Prospectus

Foce India IPO Rating

38
3.7
Rating:Rated 3.7 stars
Vote Here ...

Foce India IPO Listing Date

Listing Date Tuesday, December 28, 2021
BSE Script Code
NSE Symbol FOCE
Listing In ST Group of Securities
ISIN INE0I7D01019
IPO Price ₹225 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹225.00
Open: ₹225.00
Low: ₹225.00
High: ₹231.00
Last Trade: ₹225.70

Company Contact Information

Foce India Limited
4 Kingston, Shastri Nagar, Lokhandwala Complex,
Andheri West, Mumbai-400 053,
Maharashtra
Phone: 022 26349544
Email: office@foceindia.com
Website: http://www.foceindia.com/

Foce India IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: http://www.purvashare.com

Foce India IPO Reviews / Ratings

Foce India IPO FAQs

Foce India IPO is a SME IPO of 1,290,000 equity shares of the face value of ₹10 aggregating up to ₹29.03 Crores. The issue is priced at ₹225 per equity share. The minimum order quantity is 600 Shares.

The IPO opens on Dec 13, 2021, and closes on Dec 17, 2021.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Foce India IPO using UPI as a payment gateway. Zerodha customers can apply in Foce India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Foce India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Foce India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Foce India IPO opens on Dec 13, 2021 and closes on Dec 17, 2021.

Foce India IPO lot size is 600 Shares and the minimum order quantity is 600 Shares.

You can apply in Foce India IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Foce India IPO will be done on Dec 21, 2021, and the allotted shares will be credited to your demat account by Dec 23, 2021. Check the Foce India IPO allotment status.

The Foce India IPO listing date is on Tuesday, December 28, 2021.

Foce India IPO Message Board

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