Forcas Studio IPO

Incorporated in April 2010, Forcas Studio Limited sells men's clothing, including shirts, jeans, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers. The company provides these products online and in bulk to customers all over India. It also offers white-labelling services for other brands, such as Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and more. The company offers a wide range of products, including shirts, denims, t-shirts, trousers, cotton pants, sportswear, party wear, fashion wear, and boxers for the Indian menswear segment. The company sells its products through online platform under the brand name of ‘FTX’, ‘Tribe’ and ‘Conteno. The company has established a presence on all major online platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Glowroad, Limeroad, Solvd, and Shopsy. Additionally, the company has also sold products through various large-format stores, including V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail. The company has served more than 15000 pin codes in India. The company has a strong offline presence, with a presence on major online marketplaces and in over 500 large-format stores. They offer a wide range of products with a catalogue of over 1200 SKUs. The company has four warehouses in Kolkata for the purpose of supply chain management. As of February 29, 2024, the company has 68 employees, including its directors. They are responsible for business operations, factory management, administration, secretarial work, marketing, and accounting functions as per their designated goals.

The company proposes to utilize the Net Proceeds from the Issue towards the following objects: Funding for upgradation of the warehouse; Prepayment or repayment of certain secured loans availed by the company; Funding of working capital requirements of the company; General Corporate Purposes.

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