Foce India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Foce India IPO release date, IPO offer price, subscription, Foce India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 225 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 600 Shares |
| Listing Date | Dec 27, 2021 |
| Offer for Sale | Rs 878 Lakh |
| Fresh Issue | Rs 2025 Lakh |
| IPO Size | Rs 2903 Lakh |
| Tick Size | 1 |
Foce India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Foce India IPO – Summary
Their company is mainly engaged in the business of marketing various types of wristwatches such as Analog, Digital, Chronograph, Designer, etc which are either custom-built or general in nature under the brand name “FOCE”. They procure those watches from their group concern namely M/s Foce Industries a partnership firm, which is engaged in the business of assembling watches at Guwahati, Assam.
Their Company is also involved in the business of corporate gifting (such as Time Piece, wall Clocks, Belts, Ties, Wallets, pen, goggles) ornamental packaging boxes for watches, etc, selling of watches and other products under royalty brands.
The Promoter of this company is Mr. MANOJ SITARAM AGARWAL, Mrs. ANITA AGARWAL, Mrs. PARMESHWARI AGARWAL. The lead manager to the issue is MARK CORPORATE ADVISORS PRIVATE LIMITED, and the Registrar to this issue is PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED.
Foce India IPO Date
The opening and the closing date of Foce India IPO are Dec 13, 2021, and Dec 17, 2021, respectively.
Foce India IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 13th Dec | 0.15x | 0.60x | 0.38x |
| 2nd Day – 14th Dec | 0.30x | 0.91x | 0.60x |
| 3rd Day – 15th Dec | 0.72x | 1.12x | 0.92x |
| 4th Day – 16th Dec | 1.13x | 1.41x | 1.27x |
| 5th Day -17th Dec | 1.29x | 1.84x | 1.57x |
| Shares Offered or Net Issue | 612,600 | 612,600 | 1,225,200 |
The shares subscribed by the public will be updated here.
Check Foce India IPO LIVE Subscription
- Foce India IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Foce India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Foce India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 21, 2021 |
| Refunds Initiation | Dec 22, 2021 |
| Credit of Shares to Demat Account | Dec 23, 2021 |
| Share Listing Date | Dec 27, 2021 |
Foce India IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs.225
Foce India IPO Size
This Initial Public Issue of 12,90,000 Equity Shares of Rs.10 each for cash at a price of Rs.225 per equity share aggregating to Rs.2903 Lakh.
Foce India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 9,00,000 Equity Shares of Rs.10/ each.
Issue Size: 12,90,000 Equity Shares of Rs.10 each, aggregating to Rs.2903 Lakh
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Foce India IPO – Live Performance
The listing date of this IPO is Dec 27, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Foce India Share Price |
Foce India IPO Grey Market Premium
The Foce India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Foce India IPO – Company Overview
They have a strong customer profile across India and provide after-sales service to their satisfaction. Their core strength is Loyal Customers, Dedicated Team, Excellent Quality Products, Strong Resources, Marketing Network & Prompt Delivery. They value their customers and aim to exceed customer expectations by fulfilling valuable commitments.
Their customer-oriented approach and cordial relations with them are the key strengths of their company. They aim to provide cost-effective solutions available while adhering to the quality standards of the services. They strive to establish relationships with clients and collaborate with them to drill down on the best solutions.
Their wholly-owned subsidiary, FO Industries Private Limited which was incorporated on April 06, 2021, in Mumbai with an object to provide to carry on the business.
They opened their first retail watch store in January 2001 in Mumbai. Their company has become one of the front runners in the mid-range segment with the distribution of the products through the distribution channel and thus through 128 retail stores across the country with an imposing list of clientele in the corporate segment.
Foce India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-21 |
31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 3,871.35 | 3,748.54 | 1,118.18 | 1,404.88 |
| *Total Revenue | 3,616.68 | 7,689.83 | 5,444.44 | 6,208.18 |
| Total Expense | 3,413.18 | 7,422.39 | 5,226.05 | 5,983.76 |
| Profit After Tax | 152.25 | 198.94 | 160.70 | 158.45 |
Earnings per Equity Share (in Lakh)
| 30-Jun-21 |
31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 3.81 | 4.98 | 4.10 | 5.16 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 198.94 Lakh, Rs. 160.70 Lakh, and Rs. 158.45 Lakh respectively.
Foce India IPO – Promoters
The Promoter of this company is:
- Mr. MANOJ SITARAM AGARWAL
- Mrs. ANITA AGARWAL
- Mrs. PARMESHWARI AGARWAL
List of Related Parties (Key Managerial Personnel)
- Manoj Sitaram Agarwal, Managing Director
- Utkarsh Agarwal, Additional Director
- Lalit Kumar Tapadia, Independent Director
- Rekha Agarwal, Independent Director
- Abhilasha Chaudhary, Independent Director
Foce India IPO – Promoters Holding
- Pre Issue Share Holding – 99.99%
- Pos Issue Share Holding – 73.63%
Foce India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 12,90,000 Equity Shares aggregating up to Rs.2903 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 64,800 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 12,25,200 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 12,25,200 Equity Shares |
| Equity Shares outstanding after the Issue | 48,92,925 Equity Shares |
Foce India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital Requirement
2. General Corporate Purpose
3. Meeting the Issue Expense
Foce India – Business Strategy
- Moving up in the higher value chain
- Becoming a pan India player through their e-commerce platforms
- Raw materials and suppliers
Foce India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Strong Management Team
- Quality of their Products
- Transparency in dealings with the Clients
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 4.98 | 18.66 | 26.70 |
| 31-Mar-20 | 4.10 | 18.55 | – |
| Mar-19 | 5.16 | 26.59 | – |
Foce India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV per share | |
| Foce India Limited | 10 | [●] | 4.98 | 18.66 | 26.70 |
| Listed Peers | |||||
| KDDL Limited | 10 | 82.40 | 82.40 | 82.40 | 62.93 |
| Timex Group India Limited | 1 | – | – | – | – |
Foce India IPO Lead Managers
| Lead Managers |
| MARK CORPORATE ADVISORS PRIVATE LIMITED CIN: U67190MH2008PTC181996 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane), Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Contact Person: Mr. Manish Gaur Tel. No.: +91 22 2612 3207/08 E-Mail ID: smeipo@markcorporateadvisors.com Investor Grievance E-Mail ID: compliance@markcorporateadvisors.com Website: www.markcorporateadvisors.com SEBI Registration No.: INM000012128 |
Foce IPO Registrar to offer
| Registrar to the Offer |
| PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED Unit no. 9, Shiv Shakti Ind. Estate, J.R. Borichamarg, Opp. Kasturba, Hospital Lane, Lower Parel (E), Mumbai – 400 011, Tel.No: +91 22-2301 6761/ 8261 Fax No: +91 22 2301 2517 E-mail: support@purvashare.com Website: www.purvashare.com Contact Person: Ms. Deepali Dhuri / Ms. Purva Shah SEBI Registration No:INR000001112 |
Foce IPO – Other Details
- Statutory Auditor – SDG & Co., Chartered Accountants
- Legal Counsel to the Company – NA
- Bankers to the Company – ICICI Bank Limited
Foce IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Foce India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Foce India IPO Review FAQs
Ques – What is the Issue Size of Foce India IPO?
Answer – The Company is making an initial public offer of 12,90,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Foce India IPO?
Answer – The price band for this particular IPO ranges between Rs 225. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Foce India IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 13, 2021, while the closing date is set at Dec 17, 2021.
Ques – What is the Foce India IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 21, 2021, refund initiation is on Dec 22, 2021, credit of shares is on Dec 23, 2021, and share listing date is on Dec 27, 2021.
Ques – What is the Foce IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Dec 27, 2021. The date, when the listing would be done, is stagnant on Dec 27, 2021.
Ques – Who is the Registrar of Foce IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Foce IPO?
Answer – Here are the promoters of this IPO – Mr. MANOJ SITARAM AGARWAL, Mrs. ANITA AGARWAL, Mrs. PARMESHWARI AGARWAL. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Foce IPO?
Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Foce India IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Foce India Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 198.94, 2020 is 160.70, 2019 is 158.45.
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