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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 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 Date Dec 13, 2021 to Dec 17, 2021
Listing Date Tuesday, December 28, 2021
Face Value ₹10 per share
Price ₹225 per share
Lot Size 600 Shares
Issue Size1,290,000 shares of ₹10
(aggregating up to ₹29.03 Cr)
Fresh Issue900,000 shares of ₹10
(aggregating up to ₹20.25 Cr)
Offer for Sale390,000 shares of ₹10
(aggregating up to ₹8.78 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Foce India IPO Tentative Timetable

Foce India IPO opens on Dec 13, 2021, and closes on Dec 17, 2021. The Foce India IPO bid date is from Dec 13, 2021 10.00 A.M. to Dec 17, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 13, 2021
Closing Date Dec 17, 2021
Basis of Allotment Dec 21, 2021
Initiation of Refunds Dec 22, 2021
Credit of Shares to Demat Dec 23, 2021
Listing Date Dec 28, 2021

Foce India IPO Lot Size

The Foce India IPO 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
Retail (Min) 1 600 ₹135,000
Retail (Max) 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 share
Face Value ₹10 per share

Listing Day Trading Information

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

Foce India IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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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 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 .

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.
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Foce India IPO Message Board

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14 Comments

9. Vince K D |   Link |Dec 23, 2021 5:25:18 PM
i applied ...... no info about listing any one knows ??
9.1. Srikanth Kumar Guntuboina |   Link |Dec 24, 2021 3:03:15 PM
27th Dec is the listing day. All the best…..
8. Amit Jaipur |   Link |Dec 17, 2021 12:20:33 PM
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
It Seems No one is interested in applying it.
7. Amit Jaipur |   Link |Dec 17, 2021 11:03:19 AM
IPO Mentor IPO Mentor (700+ Posts, 700+ Likes)
Is Any of Our Forum Member is interested in Applying it
6. indravarma |   Link |Dec 11, 2021 1:29:03 AM
Who is wearing watches now a days.
This is sort of dying business. Why would someone invest in such companies?
6.1. MDinesh |   Link |Dec 15, 2021 9:10:27 AM
Rightly said
5. Carn Mohan |   Link |Dec 10, 2021 5:11:34 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
I think valuation very high.
SME price band between 10 to 60 Can give good returns.
A company of Rs 20 can be 40 but a company of two hundred and fifty cannot be 500.
5.2. Dinesh Singh |   Link |Dec 14, 2021 2:01:39 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Dangerous logic and fitting here.
5.3. shareHunterz |   Link |Dec 14, 2021 2:59:28 PM
Kaun hai ye?
Kaha kaha se aate hai log?
4. Golden Nugget |   Link |Dec 9, 2021 5:15:46 AM
Hi, we are looking for a group of investors for our upcoming IPO in the similar space as FOCE but with better track record of management and financials. Zero Debt company.
Please reply to this post for further details.
3. bAAz |   Link |Dec 8, 2021 11:53:02 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Don''t know about its future but costly watches seen on myntra
2. MDinesh |   Link |Dec 8, 2021 10:21:58 AM
IPO price of Rs 225 for SME IPO !! Interesting .....
1. Srikanth Kumar Guntuboina |   Link |Dec 8, 2021 9:42:20 AM
I think this is a watches/watch selling company. I am astonished that no information is available. Admin please.