IPO

Foce India Limited IPO

NSE SME

Listed On: Dec 28, 2021 at ₹ 225.00

₹ 135000 /600 Shares

IPO Details

13 Dec, 2021

Open Date

17 Dec, 2021

Close Date

22 Dec, 2021

Allotment Date

28 Dec, 2021

Listing Date

Issue Price

₹225 per equity share

Face Value

₹10 Per Equity Share 

Listing at Group

NSE SME

Registrar

Purva Sharegistry India Pvt Ltd

List Price

225.00

Listing Date

2021-12-28

Market Lot

600 Shares (₹135,000/-)

Lead Manager

Mark Corporate Advisors Private Limited

Issue Size

1,290,000 Eq Shares of ₹10(aggregating up to ₹29.03 Cr)

Retail Portion

N/A

Subscription

1.57 times

IPO Docs

DRHP RHP

IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved612,600612,6001,225,200
Day 1 - 13-12-21 06:00 PM0.15 x0.60 x0.38 x
Day 2 - 14-12-21 06:00 PM0.30 x0.91 x0.60 x
Day 3 - 15-12-21 06:00 PM0.72 x1.12 x0.92 x
Day 4 - 16-12-21 06:00 PM1.13 x1.41 x1.27 x
Day 5 - 17-12-21 06:00 PM1.29 x1.84 x1.57 x

Valuations

Earnings Per Share (EPS)

₹4.07/-

P/E Ratio

55.35

RoNW

18.66%

Net Asset Value (NAV) - Post Issue

₹30.51/-

Company Financials All values are in ₹ Cr.

31-Mar-2131-Mar-2031-Mar-19
Assets37.4811.1814.04
Revenue76.8954.4462.08
Profit After Tax1.981.601.58

About The Company

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.

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- Promoter(s)

Pre Issue Share Holding: 99.99%

Post Issue Share Holding: 73.63%

Company Promoter(s)

  1. Mr. Manoj Sitaram Agarwal
  2. Mrs. Anita agarwal
  3. Mrs. Parmeshwari Agarwal

IPO - Issue Objectives

  1. To meet Working Capital Requirement
  2. General Corporate Purpose
  3. Meeting the Issue Expense

IPO - FAQs

Ans. Foce India Limited IPO is a SME IPO. 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.

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

Ans. The size of Foce India Limited IPO is 1,290,000 Eq Shares of ₹10(aggregating up to ₹29.03 Cr).

Ans. The IPO price band is set between ₹225 per equity share.

Ans. To apply for Foce India Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Foce India Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Foce India Limited IPO is Dec 22, 2021.

Ans. The Foce India Limited IPO will be listed on Dec 28, 2021.

Ans. Follow the steps to check the allotment status for Foce India Limited IPO here.