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Open
13 Dec 2021
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Close
17 Dec 2021
3
Allotment
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Listing
Tue, Dec 28, 2021
Price Band
₹225 per share
Issue Size
12,90,000 shares (agg. up to ₹29 Cr)
Lot Size
600 Shares
Listing Date
Tue, Dec 28, 2021
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.00x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2021 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 0021 |
|---|---|---|---|---|
| Assets | 38.71 | 11.18 | 14.05 | 37.49 |
| Total Income | 36.17 | 54.44 | 62.08 | 76.90 |
| Profit After Tax | 1.52 | 1.61 | 1.58 | 1.99 |
| EBITDA | 2.04 | 2.20 | 2.26 | 2.69 |
| NET Worth | 12.18 | 8.66 | 5.96 | 10.66 |
| Reserves and Surplus | 8.19 | 4.67 | 2.89 | 6.67 |
| Total Borrowing | 1.38 | 0.58 | 0.16 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ashapuri Gold Ornament Ltd. | SME | ₹30.02 Cr | ₹81 | null | ₹70.05 | -13.52% | ₹4.02 (+1.01%) |
| Kalyan Jewellers India Ltd. | Mainboard | ₹1,174.82 Cr | ₹87 | null | ₹75.20 | -13.56% | ₹546.60 (-0.27%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirement | 15.50 |
| 2 | General Corporate Purpose | 4.00 |
About Foce India IPO
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 thr
Contact Details
Foce India Ltd. Address4 Kingston, Shastri NagarLokhandwala ComplexAndheri (west)Mumbai, Maharashtra, 400053022 26349544office@foceindia.comVisit Website