IPO Issue Details
Issue Price / Price Band₹225 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size12,90,000 shares (aggregating up to ₹29.03 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 13 Dec 2021
Subscription CloseFri, 17 Dec 2021
Anchor AllotmentSun, 12 Dec 2021
Basis of AllotmentTue, 21 Dec 2021
Initiation of RefundsWed, 22 Dec 2021
Credit of Shares to DematThu, 23 Dec 2021
Listing DateTue, 28 Dec 2021
UPI Mandate Deadline2021-12-17
Application & Investment Details
Retail — Min (1 Lots)₹1,35,000 — 600 shares
Retail — Max (13 Lots)₹1,755,000 (13 Lots)
HNI — Min (2 Lots)₹2,70,000 — 1,200 shares
Net Offer to Public12,25,200 shares (aggregating up to ₹27.57 Cr)
Reserved for Market Maker64,800 shares (aggregating up to ₹1.46 Cr)
Pre-IPO Promoter Holding39,92,925 shares
Post-IPO Promoter Holding48,92,925 shares
Fresh Issue Shares8,35,200 shares (aggregating up to ₹18.79 Cr)
Offer for Sale Shares3,90,000 shares of ₹10 (aggregating up to ₹8.78 Cr)
About Foce India Ltd.
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 industryPan India presence through a network of strategically located retail watch storesExperienced promoters and a strong management team and employees
Objects of the Issue
Foce India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To meet Working Capital Requirement
15.50
2
2 General Corporate Purpose
4.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
39,92,925 shares
Post-IPO Promoter Holding
48,92,925 shares