Foce India IPO: GMP, Price, Dates, Issue Size 

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Foce India IPO is all set to make its debut on 13th Dec 21 with 29.03 Cr is mainly engaged in the business of supply, distribution, and retailing of various types of wristwatches such as Analog, Digital, Chronograph, Designer. 

Foce India IPO – overview 

IPO Dates  13-17 Dec 2021 
IPO Price  INR 225 per share  
Fresh issue  1290,000 shares (INR 29.03 crore) 
Offer For Sale  Nil 
Total IPO size  1290,000 shares (INR 29.03 crore) 
Minimum bid (lot size)  600 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
Ducol Organics IPO: GMP, Price, Dates, Issue size

Foce India IPO – Tentative Dates           

IPO Offer Opening Date  13 Dec 2021 
IPO Closing Date  17 Dec 2021 
Finalization of Basis of Allotment  21 Dec 2021 
Initiation of refunds  22 Dec 2021 
Transfer of shares to demat accounts  23 Dec 2021 
IPO Listing Date  28 Dec 2021 
Opening Price on NSE SME  Coming soon  
Closing Price on NSE SME  Coming soon 
Ducol Organics IPO: GMP, Price, Dates, Issue size

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. 

Industry Overview    

It has been just over a year since the world awoke to the enormity of the pandemic and how it affected life the world over. For Swiss watchmakers, 2020 was one of the worst years on record as export numbers plummeted to 2010 levels. As per the latest FH report, the decline in exports in the world’s top 10 markets is gradually slowing down. Hong Kong, the Swiss powerhouse for exports till 2019, has now been replaced by China in the top spot. Currently the world’s largest market for Swiss watches, China has once again taken the lead in exports in January 2021 with a 58.2 percent growth. US was the second-best market in terms of total export value though it still posted a negative 11 percent growth. Although Hong Kong is holding its place amongst the top three markets globally, its performance has further deteriorated to a negative 8.5 percent growth.

“Strict measures to combat the pandemic had a sharply negative impact on watch exports to Japan (-20.9 percent) and the United Kingdom (-20.2 percent). Singapore, on the other hand, (-1.6 percent) showed almost no change,” noted the FH. “Europe remained more heavily affected than other regions, with exports plummeting by 26.9 percent in January. 

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 

Objectives of the issue         

  • To meet Working Capital Requirement 
  • General Corporate Purpose 
  • Meeting the Issue Expense 

Company Financials      

Particulars          31-Mar-21 31-Mar-20 31-Mar-19 
Total Assets          374.85 111.81 140.48 
Total Revenue          768.98 544.44 620.81 
Profit After Tax          19.89 16.07 15.84 
Ducol Organics IPO: GMP, Price, Dates, Issue size

Company Contact Information 

Foce India Limited 
4 Kingston, Shastri Nagar, Lokhandwala Complex, 
Andheri West, Mumbai-400 053, 
Maharashtra 
Phone: 022 26349544 
Email: office@foceindia.com 
Website: http://www.foceindia.com/ 

Registrar 

Purva Sharegistry India Pvt Ltd 
 
Phone: +91-022-23018261/ 23016761 
Email: support@purvashare.com 
Website: http://www.purvashare.com 

Lead Manager(s) 

  1. Mark Corporate Advisors Private Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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