Foce India Limited IPO Details, Share Price, GMP, Allotment Status

Foce India limited is primarily occupied with supply, dissemination, and retailing of different wristwatches like Analog, Digital, Chronograph, Designer, and so forth. These watches are either exclusively fabricated or are general. The organization supplies wristwatches in mass to their best 5 Institutional clients establishing around 95% of its complete income. Likewise, the organization disperses and retails wristwatches made under Brand Name “FOCE,” which adds to 2% of their incomes. Foce India limited is likewise associated with the matter of corporate giving (like Time Piece, Wall Clocks, Belts, Ties, Wallets, Pens, Goggles, and so on) fancy bundling boxes for watches, selling of watches and different items under eminence brands which establish around 3% of their absolute income.

Foce India Limited IPO

Foce India Limited IPOthe subscription starts on Dec 14, 2021 and ends on Dec 16, 2021, IPO Price is Rs.225 per equity share with market lot of 600 shares, The issue size is aggregating up to ₹29.03 Cr with the equivalent price Rs.10 per share, and offer for sale is aggregating up to ₹8.78 Cr.

Also Check: Upcoming SME IPO

Foce India Limited IPO Timetable

Here are the IPO Timeline details

IPO Opening DateDecember 13, 2021
IPO Closing DateDecember 17, 2021
Issue TypeFixed Price Issue IPO
Face Value10 per share
IPO PriceINR 225 per equity share
Market Lot600 shares
Min AmountINR 1,35,00
Listing AtNSE SME
Issue Size1,290,000 Equity Shares
Fresh Issue900,000 Equity Shares

Company Fundamentals

Foce India limited has become one of the leaders in the mid-range fragment with the dissemination of the items through circulation station and in this manner through 128 retail locations the nation over with an impressive rundown demographic incorporate portion. The organization centers around retailing watch brands through decisively found stores at metros, Tier I, and Tier II urban communities. At Foce India limited, the online business stage permits us to oblige a huge segment of buyers and guarantee powerful infiltration of the extravagance watch brands.

Objectives of the company:

  • To meet Working Capital requirements.
  • General Corporate Purpose.
  • Meeting the Issue Expense.

The organization has fused a completely claimed auxiliary organization, specifically FO Industries Private Limited in Mumbai, with an item to carry on the matter of assembling/gathering of watches and different items, and the offices are being situated at Bhiwandi, Near Mumbai. This auxiliary was fused to build the supply of completed items and limit the reliance on bunch concerns. This auxiliary will probably start its business in the long stretch of December 2021.

Strengths

  • Experience of the north of twenty years in the watch business.
  • Dish India presence through an organization of decisively found retail watch stores.
  • Experienced advertisers and a solid supervisory group and representatives.

Plans

Foce India Limited don’t possess any retail outlets, yet the items are sold through distribution channels and sold through stores/display areas situated in different states of India. The organization is going into a Backward Integration, and towards this, and have fused a completely claimed auxiliary, FO Industries Private Limited, on April 06, 2021, in Mumbai with an item to make/gather wristwatches different items.

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