Upcoming IPO GMP 87% - Potential for bumper returns in just 7 days, West Bengal company

If you're interested in investing in the men's clothing business, you can take a stake in a 14-year-old company from West Bengal for just over a lakh rupees. Even if you want to gain from IPO listing, you should study this company because the premium in the grey market has risen from ₹50 to ₹70. This means there's a possibility of a 87.5% return in just 7 days on an investment of just over a lakh rupees.

About Forcas Studio Limited

Forcas Studio Limited was established in 2010. The promoters of the company are Sailesh Agarwal and Sourav Agarwal. The company's office is located in Maheshtala, West Bengal. The company deals in selling menswear and also does white labeling for companies like Landmark Group, V-Mart Retail, V2 Retail, Highlander, Cobb, Kontail, and others. Products under these brand names are manufactured by Forcas Studio Limited. The company's online brands are 'FTX', 'Tribe', and 'Conteno'. Offline sales are conducted through V-Mart Retail, V2 Retail, City Kart, Metro Bazar, Kothari Retail, and Sarvana Retail.

Forcas Studio Limited Financials

In the past year, the company has seen a 34.71% increase in revenue and a 383.03% increase in profit after tax. Investors in the grey market favor such numbers. Business is growing, profits are increasing more than that, and market borrowings are decreasing. What better company could be for investment? Looking at fresh numbers, by February 25, 2024, all the numbers have increased several times, but there is a downturn. The company presented its numbers for February 2024, while the numbers should have been presented by March 31, 2024. It is important to know what happened in March before investing.

Forcas Studio IPO Opening, Closing, Listing, Date

IPO Open Date - Monday, August 19, 2024 

IPO Close Date - Wednesday, August 21, 2024 

Basis of Allotment - Thursday, August 22, 2024 

Initiation of Refunds - Friday, August 23, 2024 

Credit of Shares to Demat - Friday, August 23, 2024 

Listing Date - Monday, August 26, 2024 

Cut-off time for UPI mandate confirmation - 5 PM on August 21, 2024

Forcas Studio IPO Investment, GMP Trend 

Face Value - ₹10 per share 

Price Band - ₹77 to ₹80 per share 

Lot Size - 1600 Shares 

Investment - ₹128,000 

GMP Trend - 87.5%

There is a heavy destruction in the stock market with the company's shares in the gray market. On August 12, the IPO price was announced at ₹80 and trading started at a premium of ₹50 on the same day. The premium was ₹60 on August 13 and ₹70 on August 14. No change has occurred on August 15. Due to this, the Estimated Listing Price of the company has been ₹150. If the stock market is listed at this price, then the subscribers of this IPO will benefit from 87%.