Foce India IPO description – The company is mainly engaged in the business of supply, distribution and retailing of various types of wrist watches such as Analog, Digital, Chronograph, Designer etc. which are either custom built or general in nature.
It supplies wrist watches in bulk to its top 5 institutional customers and such watches are made in their own brand name constituting approximately 95% of the company’s total revenue. Apart from this, it distributes and retails wrist watches made under Brand Name “FOCE” across India which constitutes around 2% of its total revenue.
Further, it is also involved in the business of corporate gifting (such as Time Piece, Wall Clocks, Belts, Ties, Wallets, Pens, Goggles etc.) ornamental packaging boxes for watches, selling of watches and other products under royalty brands which constitutes around 3% of its total revenue.
Presently, it procures its entire requirement of watches and other products from a group concern namely M/s Foce Industries, a partnership firm, which is engaged in the business of manufacturing /assembling of wrist watches at Guwahati, Assam. On 6 April 2021, the company incorporated a wholly owned subsidiary named FO Industries Private Limited in Mumbai with an object to carry on the business of manufacturing/ assembling of watches and other products and the facilities is being located at Bhiwandi, Near Mumbai.
Promoters of Foce India Limited – Mr Manoj Sitaram Agarwal, Mrs Anita Agarwal, Mrs Parmeshwari Agarwal
Foce India IPO Details
| Subscription Dates | 13 – 17 December 2021 |
| Price Band | INR225 per share |
| Fresh issue | 900,000 shares (INR20.25 crore) |
| Offer For Sale | 390,000 shares (INR8.78 crore) |
| Total IPO size | 1,290,000 shares (INR29.03 crore) |
| Minimum bid (lot size) | 600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Foce India’s Financial Performance
| FY2019 | FY2020 | FY2021 | Q1 FY2022 | |
| Revenue | 62.1 | 54.4 | 76.9 | 36.2 |
| Expenses | 59.8 | 52.3 | 74.2 | 34.1 |
| Net income | 1.6 | 1.6 | 2.0 | 1.5 |
Foce India Offer News
Foce India RHP
Foce India Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR4.98
Price/Earnings (PE ratio): 45.2
Return on Net Worth (RONW): 18.66%
Net Asset Value (NAV): INR26.7 per share
Foce India IPO GMP Daily Trend
| Date | Foce India IPO GMP | Kostak | Subject to Sauda |
Foce India IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 6,45,000 | 6,45,000 | 12,90,000 |
| Day 1 | 0.13 | 0.60 | 0.36 |
| Day 2 | 0.29 | 0.86 | 0.57 |
| Day 3 | 0.68 | 1.07 | 0.87 |
| Day 4 | 1.07 | 1.34 | 1.21 |
| Day 5 | 1.22 | 1.75 | 1.49 |
Foce India Public Offer Registrar
Purva Sharegistry India Private Limited
Unit no. 9, Shiv Shakti Industrial Estate,
JR Boricha Marg, Lower Parel (E)
Mumbai – 400 011
Phone: +91 22 2301 2518
Email: [email protected]
Website: www.purvashare.com
Foce India Contact Details
Foce India Limited
1006, 10th Floor, Srikrishna,
New Link Road, Andheri West,
Mumbai- 400 053
Phone: 022 26349544
Email: [email protected]
Website: www.foceindia.com
Foce India Offer Allotment Status
Foce India IPO allotment is now available on Purva Sharegistry’s website. Click on this link to get allotment status.
Foce India IPO Timetable
| IPO Opening Date | 13 December 2021 |
| IPO Closing Date | 17 December 2021 |
| Listing Date | 28 December 2021 |
| Opening Price on NSE | INR225 per share (no change from IPO price) |
| Closing Price on NSE | INR225.7 per share (up 0.31% from IPO price) |
Foce India IPO FAQs
What are investors portions in Foce India public offer?
Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in Foce India IPO?
The best way to apply in Foce India IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Foce India IPO size?
Foce India offer size is INR29.03 crore.
What is Foce India IPO Price Band?
Foce India IPO Price is INR225 per share.
What is the lot size of Foce India IPO?
Foce India offer lot size and the minimum order is 600 shares.
What is Foce India IPO GMP today?
Foce India IPO GMP today is NA per share.
What is Foce India IPO kostak rate today?
Foce India IPO kostak rate today is NA per application.
What is Foce India Subject to Sauda rate rate today?
Foce India Subject to Sauda rate today is NA per application.
