Last updated on December 19th, 2024 at 09:20 pm
FORCAS SME IPO Overview! Issue Size, GMP, Issue Price, and All Details to Know
Forcas Studio Limited is launching its SME IPO, opening for subscription on August 19, 2024, and closing on August 21, 2024. The price band for the IPO is set between ₹77 to ₹80 per share, with a total issue size of 1,23,200 equity shares. Investors can apply for a minimum of 1600 shares per lot.
Company Information
Forcas Studio Limited is an emerging company in the media and entertainment industry, with a focus on creating innovative and engaging content. The company’s IPO aims to raise funds to expand its operations, enhance production capabilities, and enter new markets.
IPO Details
- Issue Period: August 19th to 21st, 2024
- Issue Price: ₹77 – ₹80 per share
- Lot Size: 1,600 shares
- Total Shares Offered: 123,200
- Minimum Investment: ₹1,23,200
Allotment and Listing Dates
- Allotment Date: August 22nd, 2024
- Refund Initiation: August 23rd, 2024
- Demat Transfer: August 23rd, 2024
- Listing Date: August 26th, 2024
- Mandate End Date: September 5th, 2024
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Forcas Studio Limited’s IPO is anticipated to fluctuate as the subscription period progresses. Investors often rely on GMP as an indicator of potential listing gains.
| GMP Date | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 20-08-2024 | 80 | ₹83 | ₹163 (103.75%) |
| 19-08-2024 | 80 | ₹82 | ₹162 (102.5%) |
| 18-08-2024 | 80 | ₹80 | ₹160 (100%) |
| 17-08-2024 | 80 | ₹80 | ₹160 (100%) |
| 16-08-2024 | 80 | ₹80 | ₹160 (100%) |
| 15-08-2024 | 80 | ₹70 | ₹150 (87.5%) |
| 14-08-2024 | 80 | ₹70 | ₹150 (87.5%) |
| 13-08-2024 | 80 | ₹60 | ₹140 (75%) |
| 12-08-2024 | 80 | ₹50 | ₹130 (62.5%) |
Promoters
The promoters of Forcas Studio Limited are seasoned professionals in the creative industry, with years of experience and a deep understanding of market dynamics. Their leadership is expected to steer the company towards significant growth post-IPO.
Financial Data
The company’s financial performance reflects its steady growth and strategic investments in the creative industry. Below is a summary of the key financial indicators:
| Category | No. of Applications Received | No. of Shares Bid For |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 1 | 3,200 |
| Non-Institutional Investors (NIIs) | 4,975 | 3,14,27,200 |
| Retail Individual Investors (RIIs) | 91,357 | 14,61,71,200 |
| Total | 96,333 | 17,76,01,600 |
Subscription Details
As of the final day of bidding, August 21st, 2024, the IPO received overwhelming response from various categories of investors:
- Qualified Institutional Buyers (QIBs): 1 application for 3,200 shares.
- FIIs: None.
- Domestic Financial Institutions: None.
- Mutual Funds: None.
- Others: 1 application for 3,200 shares.
- Non-Institutional Investors (NIIs): 4,975 applications for 3,14,27,200 shares.
- Corporates: 16 applications for 3,72,800 shares.
- Individuals (Other than RIIs): 4,949 applications for 3,09,21,600 shares.
- Others: 10 applications for 1,32,800 shares.
- Retail Individual Investors (RIIs): 91,357 applications for 14,61,71,200 shares.
- Cut Off: Bids for 10,03,63,200 shares.
- Price Bids: Bids for 4,58,08,000 shares.
- Total Applications: 96,333
- Total Shares Bid: 17,76,01,600
FAQs
Q1: What is the price range of the Forcas Studio Limited IPO?
A1: The price range is set between ₹77 to ₹80 per share.
Q2: What is the minimum bid quantity?
A2: The minimum bid quantity is 1,600 shares.
Q3: When will the shares be listed?
A3: The shares are expected to be listed on August 26th, 2024.
Q4: What is the total number of shares offered in the IPO?
A4: The total number of shares offered is 123,200.
Q5. What is the lot size for Forcas Studio Limited IPO?
A5: The lot size is 1600 shares.
Q6. When will the shares be credited to my Demat account?
A6: The shares will be credited to your Demat account on August 23, 2024.
Q7. What is the listing date for Forcas Studio Limited IPO?
A7: The listing date is August 26, 2024.
