Foce India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 612,600 (47%) | — | ₹1,378 Cr |
| Retail | — | 612,600 (47%) | — | ₹1,378 Cr |
| Market Maker | — | 64,800 (5%) | — | ₹15 Cr |
| Σ Total | — | 1,290,000 (100%) | — | ₹29,025 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹135,000 |
| Retail (Max) | 13 | 7,800 | ₹1,755,000 |
| S-HNI (Min) | 14 | 8,400 | ₹1,890,000 |
| B-HNI (Min) | 67 | 40,200 | ₹9,045,000 |
Financial Statements Amount In Crore
| Metric | 30-Jun-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 36 | 77 | 54 |
| Profit After Tax | 2 | 2 | 2 |
| Total Assets | 39 | 37 | 11 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To meet Working Capital Requirement – 15.50
- 2 General Corporate Purpose – 4.00
Company Overview
Incorporated in 2001, Foce India is mainly engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer, etc. These watches are either custom-built or are general in nature. The company supplies wristwatches in bulk to their top 5 Institutional customers constituting approximately 95% of the company's total revenue. The company also distributes and retails wristwatches made under Brand Name "FOCE" which contributes to 2% of their revenues. Foce India 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 constitute around 3% of their total revenue.
On April 06, 2021, Foce India incorporated a wholly-owned subsidiary company namely "FO Industries Private Limited" in Mumbai with an object to carry on the business of manufacturing/ assembling watches and other products and the facilities is being located at Bhiwandi, Near Mumbai.
Competitive Strengths:
- Experience of over two decades in the watch industry
- Pan India presence through a network of strategically located retail watch stores
- Experienced promoters and a strong management team and employees