Foce India Limited IPO (Foce India IPO) Detail

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

Company Promoters:

Mr. Manoj Sitaram Agarwal, Mrs. Anita agarwal, Mrs. Parmeshwari Agarwal are the company promoters.

Company Financials:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets387.13374.85111.81140.48
Total Revenue361.66768.98544.44620.81
Profit After Tax15.2219.8916.0715.84

Objects of the Issue:

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

Foce India IPO Details

IPO Opening DateDec 13, 2021
IPO Closing DateDec 17, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹225 per equity share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtNSE SME
Issue Size1,290,000 Eq Shares of ₹10
(aggregating up to ₹29.03 Cr)
Fresh Issue900,000 Eq Shares of ₹10
(aggregating up to ₹20.25 Cr)
Offer for Sale390,000 Eq Shares of ₹10
(aggregating up to ₹8.78 Cr)

Foce India IPO Lot Size

The Foce India IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹135,000).

ApplicationLotsSharesAmount (Cut-off)

Foce India IPO Promoter Holding

Pre Issue Share Holding99.99%
Post Issue Share Holding

Company Contact Information

Foce India Limited
4 Kingston, Shastri Nagar, Lokhandwala Complex,
Andheri West, Mumbai-400 053,
Phone: 022 26349544

Foce India IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761

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