Forcas Studio Makes a Stunning Debut on NSE SME, Launching at ₹152 with a 90% PremiumForcas Studio Makes a Stunning Debut on NSE SME, Launching at ₹152 with a 90% Premium

Forcas Studio shares launched on the NSE SME at ₹152, achieving a remarkable 90% premium above the issue price of ₹80. This stellar market debut underscores the strong investor interest and robust demand for the newly listed stock. 

The IPO consisted solely of 46.8 lakh new shares, without any offer-for-sale component. It garnered immense interest, with the total subscription rate reaching 416.99 times, highlighting strong market demand for the newly issued shares.

Forcas Studio Limited, originally Forcas Apparels, transitioned to a public entity in 2024, specialising in men’s clothing under brands like FTX, TRIBE, and Conteno. Selling through e-commerce, wholesale, and large stores, they serve over 15,000 pin codes and feature in prominent marketplaces and 500+ stores. Their 1200+ SKU catalogue is well-received, utilising local fabrics and outsourced job work for design and quality.

Forcas Studio Ltd IPO aims to upgrade its warehouse, repay secured loans, and fund working capital to support growth, enhance storage capacity, and bolster marketing and strategic initiatives.