Basis of Allotment

THIS IS A PUBLICAN NOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT. THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIR E, PURCHAS E OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUT SIDE INDIA .

wpe157.jpg (5999 bytes) FORCAS STUDIO LIMITED
Corporate Identity Number: U14101WB2024PLC267500
THE COMMENCEMENT OF TRADING OF THE EQUITY SHARES OF OUR COMPANY ON THE EMERGE PLATFORM OF NATIONAL STOCK EXCHANGE OF INDIA LIMITED (“NSE”) SHALL BE WITH EFFECT FROM ON MONDAY, AUGUST 26,2024

Forcas Studio Limited (our "Company" or the "Issuer") was originally formed as a partnership firm under the name and style of ‘M/s. Forcas Apparels' pursuant to a deed of partnership dated April 9,201 0. Subsequently, pursuant to a resolution dated October 3 ,202 3 passed at the meeting of partners of M/s. Forcas Apparels, the partnership firm was converted into a private limited company under the Companies Act, 2013 under the name and style of ‘Forcas Studio Private Limited' and a certificate of incorporation dated January 12,2024 was issued by the Registrar of Companies, Central Registration Centre. Subsequently, pursuant to a resolution passed by our Board of Directors in their meeting held on February 20, 2024, and by the Shareholders at an Extra-Ordinary General Meeting held on February 23, 2024, our Company was converted into a public limited company and consequently the name of our Company was changed to ‘Forcas Studio Limited' and a fresh certificate of incorporation dated April 5,202 4 was issued by Registrar of Companies, Central Processing Centre. For details of change in Registered Office of our Company, please refer to the chapter titled "History and Certain Corporate Matters" on page 139 of the Prospectus.

Registered office: Tara Maa Tower, B3-71C/161 B B T Road, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola -700141, West Bengal, India.
Telephone: +91 332 95 01 056, E-mail: info@forcasstudio.in
Facsimile: NA, Website: www.focasstudio.in;
Contact Person: Sangita Kumari Agarwal, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY: SAILESH AGARWAL AND SOURAV AGARWAL

ISSUE WAS MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBIICDR REGULATIONS (IPO OF SMALL AND MEDIUM ENTERPRISES) AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON EMERGE PLATFORM OF NATIONAL STOCK EXCHANGE OF INDIA LIMITED (NSE /SME NSE/ NSE EMERGE).

Our company has filed Prospectus dated August 22,2024 with Registrar of Companies, West Bengal at Kolkata. The Equity shares are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited (NSE /SME NSE /NSE EMERGE) and trading will commence on Monday, August 26,2024.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 46,80,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF OUR COMPANY AT AN ISSUE PRICE OF Rs. 80 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 70 PER EQUITY SHARE) FOR CASH, AGGREGATING TO Rs. 3,744.00 LACS* ("PUBLIC ISSUE") OUT OF WHICH 2,35,200 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH, AT AN ISSUE PRICE OF Rs. 80 PER EQUITY SHARE FOR CASH, AGGREGATING Rs. 188.16 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 44,44,800 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH, AT AN ISSUE PRICE OF Rs. 80 PER EQUITY SHARE FOR CASH, AGGREGATING TO Rs. 3,555.84 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 26.62% AND 25.28% RESPECTIVELY OF THE POST- ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF EQUITY SHARES IS Rs. 10/- EACH THE OFFER PRICE IS 8 TIMES THE FACE VALUE OF THE EQUITY SHARES.

RISKS TO INVESTORS

If we are unable to anticipate and respond to changes in fashion trends and changing customer preferences in a timely and effective manner, the demand for our products may decline, which may have an adverse effect on our business, results of operations and prospects.

We derive a significant portion of our revenues from sales to third party brand owners, wholesalers and through online retailers. Any failure to maintain relationships with such third parties could adversely affect our business, results of operations and financial condition.

We are dependent on our contract manufacturers to procure our products and do not have any manufacturing facilities of our own. Our business is therefore dependent to a large extent on expected performance and operation of our contract manufacturer partners.

If any new products or brands that we launch are not as successful as we anticipate, our business, results of operations and financial condition may be adversely affected.

We conduct our business activities on a purchase order basis and therefore, have not entered into long-term agreements with our customers.

The Merchant Banker associated with the Issue has handled only 6 (six) public issue in the past three years.

Average cost of acquisition of Equity Shares for the Promoters are as under:

NAME WACA in Rs. per equity share
Sailesh Agarwal 10.00
Sourav Agarwal 10.00

The Issue Price at the upper end of the Price Band is Rs. 80.00 per Equity Share.

The Weighted average cost of acquisition compared to floor price and cap price:

Types of transactions Weighted average cost of acquisition (Rs. per Equity Shares) Floor price (i.e. Rs. 77) Cap price (i.e. Rs. 80)
WACA of Primary Issuance (except for bonus issue) (exceeding 5% of the pre issue capital) 13.84 5.56 5.78
WACA for secondary sale / acquisition (exceeding 5% of the pre issue capital) NA* NA* NA*

*As there were no secondary sale / acquisition in last 18 months from the date of the Red Herring Prospectus.

The Weighted average cost of acquisition of all Equity Shares transacted in the last one year, 18 months and three years from the date of RHP is as given below:

Period Weighted Average Cost of Acquisition (in Rs.) Upper end of the Price Band (Rs. 80) is 'X" times the weighted Average cost of Acquisition Range of acquisition price: Lowest Price - Highest Price (in Rs.)
Last 1 year / Last 18 months NA* NA* NA*
Last 3 years NA* NA* NA*

*As there were no secondary sale / acquisition in last 18 months from the date of the Red Herring Prospectus.

Disclosure of past issues handled by Horizon Management Private Limited is as follows:

Price Information of past issues handled by the Lead Manager

SME:

Sr. no. Issue Name Issue size (Rs. In Cr.) Issue Price (Rs.) Listing date Opening price on listing date + /- % change in Price on closing price, [+ /- % change in closing benchmark]- 30th calendar days from listing* + /- % change in Price on closing price, [+ /- % change in closing benchmark]- 90* calendar days from listing* +/- % change in Price on closing price, [+ /- % change in closing benchmark]-180“' calendar days from listing*
1 Cosmic CRF Limited 57.21 314 June 30,2023 251.20 -17.17% 2.80% -21.66% 1.71% 95.86% 11.31%
2 Baba Food Processing (India) Limited 32.88 76 November 15, 2023 76.00 -11.58 7.66% -27.04% NA NA NA
3 MVK Agra Food Product Ltd 65.88 120 March 7,2024 79.00 -56% 0% -66% 3% 79 -56%
4 Shree Kami Fabcom Limited 42.49 227 March 14,2024 260.00 101% 2% 207% 5% 260 101%
5 Veritaas Advertising Limited 8.48 114 May 21,2024 275.00 NA NA NA NA NA NA
6 Tunwal E-Motors Limited 124.12 59 July 23,2024 64 NA NA NA NA NA NA

Summary Statement of Disclosure

Financial Year

Total no. of IPOs

Total Funds Raised (Rs. in Cr.)

Nos. of IPOs trading at discount - 30* calendar day from listing day*

Nos. of IPOs trading at premium - 30* calendar day from listing day*

Nos. of IPOs trading at discount -180* calendar day from listing day*

Nos. of IPOs trading at premium -180* calendar day from listing day*

Over 50% Between 25-50% Less than 25% Over 50% Between 25-50% Less than 25% Over 50% Between 25-50% Less than 25% Over 50% Between 25-50% Less than 25%
2023-24 4 198.46 Nil Nil 2 Nil 1 Nil Nil Nil Nil 1 Nil Nil
2024-25 2 8.48 - - - - - - - - - - - -

BID/ISSUE PROGRAM

ANCHOR INVESTOR BIDDING OPENED AND CLOSED ON FRIDAY, AUGUST 16, 2024
BID/ISSUE OPENED ON MONDAY, AUGUST 19, 2024
BID/ISSUE CLOSED ON WEDNESDAY, AUGUST 21, 2024
THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH.
ANCHOR INVESTOR ISSUE PRICE Rs. 80.00 PER EQUITY SHARE
THE ISSUE PRICE IS RS.80.00 PER EQUITY SHARE. THE ISSUE PRICE IS 8.0
TIMES OF THE FACE VALUE OF THE EQUITY SHARES
PROPOSED LISTING:

The Equity Shares of the Company offered through the Prospectus dated August 22,2024 are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited (“NSE Emerge”) of in terms of the Chapter IX of SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received In-Principle Approval Letter dated July 31, 2024, from National Stock Exchange of India Limited for listing our shares and also for using its name in the Issue document for listing of our shares on NSE Emerge. It is to be distinctly understood that the permission given by National Stock Exchange of India Limited should not in any way be deemed or construed that the Issue Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to the Prospectus for the full text of the ‘Disclaimer Clause o f the

Emerge Platform o f National Stock Exchange o f India Limited" on page 217 o f the Prospectus. For the purpose of this issue the Designated Stock Exchange will be NSE Emerge. The trading is proposed to be commenced on or before August 26, 2024 (Subject to receipt of listing and trading approval from National Stock Exchange of India Limited).

This Issue was being made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) read with Regulation 229 (2) of the SEBI ICDR Regulations and in compliance with Regulation 253 of the SEBI ICDR Regulations, wherein not more than 49.96% of the Net Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), our Company, in consultation with the Book Running Lead Manager, allocated 59.94% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations (“Anchor Investor Portion”), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, 5.03% of the Net QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15.01 % of the Net Issue was made available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35.03% of the Net Issue was made available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Issue Price. All Bidders are required to participate in the Issue by mandatorily utilizing the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts were blocked by the Self Certified Syndicate Banks (“SCSBs”) or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, see “Issue Procedure” on page 236 of the Prospectus.

All investors have participated in this issue through Application Supported by Blocked Amount (“ASBA”) process including through Unified Payment Interface (“UPI”) mode (as applicable) by providing the details of the respective bank accounts / UPI ID as applicable in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the “SCSBs”) / Sponsor Bank as the case may be.

SUBSCRIPTION DETAILS

DETAILS OF THE APPLICATION:

The Issue (excluding Anchor Investors Portion) received 4,36,268 Applications for 1,30,54,57,600 Equity Shares (before technical rejections) resulting in 389.83 times subscription (including reserved portion of market maker excluding Anchor portion).

The details of the Applications received in the Issue from various categories are as under: (before technical rejections):

DETAILS OF APPLICATIONS RECEIVED (before technical rejection)

Category Number of applications Number of equity shares Bid for Number of equity shares reserved as per Prospectus Number of times subscribed
Qualified Institutional Buyers (excluding Anchor Portion) 90 18,33,08,800 8,89,600 206.06
Non-lnstitutional Bidders 28,612 46,97,85,600 6,67,200 704.12
Retail Individual Investors 4,07,565 65,21,28,000 1556800 418.89
Market Maker 1 2,35,200 235200 1.00
TOTAL 4,36,268 1,30,54,57,600 33,48,800 389.83

 

Category Number of applications Number of equity shares Bid for Number of equity shares reserved as per Prospectus Number of times subscribed
Anchor Investors 8 21,56,800 13,31,200 1.62

DETAILS OF VALID APPLICATIONS

Gross Less: Rejections Valid Allotment
Sr.No. Category Applications Equity Shares Applications Equity Shares Applications Equity Shares Applications Equity Shares
1 Non-institutional Bidders 28,612 46,97,85,600 401 28,84,800 28,211 46,69,00,800 397 6,67,200
2 Market Maker 1 2,35,200 - - 1 2,35,200 1 2,35,200
3 Qualified Institutional Buyers (excluding Anchor) 90 18,33,08,800 - - 90 18,33,08,800 88 8,89,600
4 Retail Individual Investors 4,07,565 65,21,28,000 5,683 91,16,800 4,01,882 64,30,11,200 973 15,56,800
Total 4,36,268 1,30,54,57,600 6,084 1,20,01,600 4,30,184 1,29,34,56,000 1459 33,48,800

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange i.e. National Stock Exchange of India Limited on August 22, 2024.

Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 80/- per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 2,35,200 Equity shares in full out of reserved portion of 2,35,200 Equity Shares.

Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 80/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 413.03 times. The total number of shares allotted in this category is 15,56,800 Equity shares out of reserved portion of 15,56,800 Equity Shares.

No. of Shares Applied for (Category wise) Retail Individual No. of Applications Received % of Total Total No. of Shares applied %to Total No. of Equity Shares Allotted per Applicant Number of successful applicants (after rounding) Ratio Total No. of Shares Allotted Surplus/ Deficit
Investors 4,01,882 100.00 64,30,11,200 100.00 15,56,800 973 59:24369 15,56,800 -

Allocation to Non- Institutional Investors (After Technical Rejections): The Basis of Allotment to the Non- Institutional Investors, at the issue price of Rs. 80/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 699.79 times. The total number of shares allotted in this category is 6,67,200 Equity shares out of reserved portion of 6,67,200 Equity Shares

No. of Shares Applied for (Category wise) No. of Applications Received % of Total Total No. of Shares applied in each category % to Total

Ratio of allottees to applicants

Total No. of shares allocated/alloted Total No. of shares allocated/alloted Surplus/Deficit (14)-(7)
3200 15781 55.93 50499200 10.81 45 15781 72000 10.76 -163
4800 2983 10.57 14318400 3.06 13 2983 20800 3.11 339
6400 1321 4.68 8454400 1.81 8 1321 12800 1.91 719
8000 911 3.22 7288000 1.56 7 911 11200 1.67 786
9600 469 1.66 4502400 0.96 4 469 6400 0.95 -34
11200 513 1.81 5745600 1.23 5 513 8000 1.19 -211
12800 2015 7.14 25792000 5.52 69 6045 36800 5.5 -57
14400 450 1.59 6480000 1.38 1 75 9600 1.43 340
16000 812 2.87 12992000 2.78 3 203 19200 2.87 634
17600 243 0.86 4276800 0.91 4 243 6400 0.95 288
19200 162 0.57 3110400 0.66 1 54 4800 0.71 355
20800 87 0.3 1809600 0.38 2 87 3200 0.47 614
22400 71 0.25 1590400 0.34 1 71 1600 0.23 -672
24000 232 0.82 5568000 1.19 5 232 8000 1.19 44
25600 142 0.5 3635200 0.77 3 142 4800 0.71 -395
27200 63 0.22 1713600 0.36 2 63 3200 0.47 751
28800 82 0.29 2361600 0.5 1 41 3200 0.47 -175
30400 64 0.22 1945600 0.41 1 32 3200 0.47 420
32000 197 0.69 6304000 1.35 6 197 9600 1.43 591
33600 70 0.24 2352000 0.5 1 35 3200 0.47 -161
35200 32 0.11 1126400 0.24 1 32 1600 0.23 -10
36800 45 0.15 1656000 0.35 2 45 3200 0.23 833
38400 46 0.16 1766400 0.37 1 23 3200 0.47 676
40000 96 0.34 3840000 0.82 1 32 4800 0.71 -687
41600 43 0.15 1788800 0.38 2 43 3200 0.47 644
43200 34 0.12 1468800 0.31 1 34 1600 0.23 -499
44800 26 0.09 1164800 0.24 1 26 1600 0.23 -65
46400 30 0.1 1392000 0.29 1 30 1600 0.23 -389
48000 76 0.26 3648000 0.78 3 76 4800 0.71 -413
49600 25 0.08 1240000 0.26 1 25 1600 0.23 -172
51200 9 0.03 460800 0.09 1 9 0 0 -659
52800 13 0.04 686400 0.14 1 13 1600 0.23 619
54400 9 0.03 489600 0.1 1 9 0 0 -700
56000 52 0.18 2912000 0.62 3 52 4800 0.71 639
57600 19 0.06 1094400 0.23 1 19 1600 0.23 36
59200 7 0.02 414400 0.08 0 0 0 0 -592
60800 18 0.06 1094400 0.23 1 18 1600 0.23 36
62400 25 0.08 1560000 0.33 1 25 1600 0.23 -629
64000 73 0.25 4672000 1 4 73 6400 0.95 -276
65600 23 0.08 1508800 0.32 1 23 1600 0.23 -556
67200 5 0.01 336000 0.07 0 0 0 0 -480
68800 16 0.05 1100800 0.23 1 16 1600 0.23 27
70400 6 0.02 422400 0.09 0 0 0 0 -604
72000 24 0.08 1728000 0.37 1 12 3200 0.47 731
73600 10 0.03 736000 0.15 1 10 1600 0.23 548
75200 5 0.01 376000 0.08 0 0 0 0 -537
76800 9 0.03 691200 0.14 1 9 1600 0.23 613
78400 4 0.01 313600 0.06 0 0 0 0 -448
80000 37 0.13 2960000 0.63 3 37 4800 0.71 570
81600 11 0.03 897600 0.19 1 11 1600 0.23 318
83200 6 0.02 499200 0.1 1 6 0 0 -713
84800 8 0.02 678400 0.14 1 8 1600 0.23 631
86400 8 0.02 691200 0.14 1 8 1600 0.23 613
88000 14 0.04 1232000 0.26 1 14 1600 0.23 -161
89600 5 0.01 448000 0.09 1 5 0 0 -641
91200 10 0.03 912000 0.19 1 10 1600 0.23 297
92800 3 0.01 278400 0.05 0 0 0 0 -398
94400 6 0.02 566400 0.12 1 6 1600 0.23 791
96000 17 0.06 1632000 0.34 1 17 1600 0.23 -732
97600 5 0.01 488000 0.1 1 5 0 0 -697
99200 2 0 198400 0.04 0 0 0 0 -284
100800 3 0.01 302400 0.06 0 0 0 0 -432
102400 2 0 204800 0.04 0 0 0 0 -293
104000 7 0.02 728000 0.15 1 7 1600 0.23 560
105600 3 0.01 316800 0.06 0 0 0 0 -453
107200 1 0 107200 0.02 0 0 0 0 -153
108800 1 0 108800 0.02 0 0 0 0 -155
110400 2 0 220800 0.04 0 0 0 0 -316
112000 20 0.07 2240000 0.47 1 10 3200 0.47 -1
113600 10 0.03 1136000 0.24 1 10 1600 0.23 -23
115200 8 0.02 921600 0.19 1 8 1600 0.23 283
116800 1 0 116800 0.02 0 0 0 0 -167
118400 1 0 118400 0.02 0 0 0 0 -169
120000 5 0.01 600000 0.12 1 5 1600 0.23 743
121600 4 0.01 486400 0.1 1 4 0 0 -695
123200 9 0.03 1108800 0.23 1 9 1600 0.23 15
124800 41 0.14 5116800 1.09 5 41 8000 1.19 688
126400 33 0.11 4171200 0.89 4 33 6400 0.95 439
128000 8 0.02 1024000 0.21 1 8 1600 0.23 137
129600 4 0.01 518400 0.11 1 4 0 0 -741
131200 4 0.01 524800 0.11 1 4 0 0 -750
132800 12 0.04 1593600 0.34 1 12 1600 0.23 -677
134400 2 0 268800 0.05 0 0 0 0 -384
136000 9 0.03 1224000 0.26 1 9 1600 0.23 -149
137600 3 0.01 412800 0.08 0 0 0 0 -590
139200 4 0.01 556800 0.11 1 4 0 0 -796
140800 1 0 140800 0.03 0 0 0 0 -201
142400 1 0 142400 0.03 0 0 0 0 -203
144000 12 0.04 1728000 0.37 1 6 3200 0.47 731
147200 1 0 147200 0.03 0 0 0 0 -210
148800 1 0 148800 0.03 0 0 0 0 -213
150400 2 0 300800 0.06 0 0 0 0 -430
153600 3 0.01 460800 0.09 1 3 0 0 -659
155200 2 0 310400 0.06 0 0 0 0 -444
158400 3 0.01 475200 0.1 1 3 0 0 -679
160000 29 0.1 4640000 0.99 4 29 6400 0.95 -231
161600 4 0.01 646400 0.13 1 4 1600 0.23 677
163200 3 0.01 489600 0.1 1 3 0 0 -700
166400 1 0 166400 0.03 0 0 0 0 -238
168000 4 0.01 672000 0.14 1 4 1600 0.23 640
169600 2 0 339200 0.07 0 0 0 0 -484
171200 1 0 171200 0.03 0 0 0 0 -245
172800 1 0 172800 0.03 0 0 0 0 -247
176000 4 0.01 704000 0.15 1 4 1600 0.23 594
179200 4 0.01 716800 0.15 1 4 1600 0.23 576
180800 1 0 180800 0.03 0 0 0 0 -258
182400 1 0 182400 0.03 0 0 0 0 -261
184000 1 0 184000 0.03 0 0 0 0 -263
187200 4 0.01 748800 0.16 1 4 1600 0.23 530
188800 1 0 188800 0.04 0 0 0 0 -270
190400 3 0.01 571200 0.12 1 3 1600 0.23 784
192000 6 0.02 1152000 0.24 1 6 1600 0.23 -46
193600 4 0.01 774400 0.16 1 4 1600 0.23 493
195200 2 0 390400 0.08 0 0 0 0 -558
196800 1 0 196800 0.04 0 0 0 0 -282
198400 2 0 396800 0.08 0 0 0 0 -567
200000 3 0.01 600000 0.12 1 3 1600 0.23 743
201600 1 0 201600 0.04 0 0 0 0 -288
203200 1 0 203200 0.04 0 0 0 0 -290
204800 4 0.01 819200 0.17 1 4 1600 0.23 429
208000 2 0 416000 0.08 0 0 0 0 -594
211200 1 0 211200 0.04 0 0 0 0 -302
214400 1 0 214400 0.04 0 0 0 0 -306
216000 2 0 432000 0.09 0 0 0 0 -617
219200 1 0 219200 0.04 0 0 0 0 -313
220800 3 0.01 662400 0.14 1 3 1600 0.23 653
222400 1 0 222400 0.04 0 0 0 0 -318
224000 4 0.01 896000 0.19 1 4 1600 0.23 320
227200 3 0.01 681600 0.14 1 3 1600 0.23 626
228800 1 0 228800 0.04 0 0 0 0 -327
230400 1 0 230400 0.04 0 0 0 0 -329
232000 2 0 464000 0.09 1 2 0 0 -663
233600 1 0 233600 0.05 0 0 0 0 -334
240000 11 0.03 2640000 0.56 2 11 3200 0.47 -572
241600 3 0.01 724800 0.15 1 3 1600 0.23 565
243200 3 0.01 729600 0.15 1 3 1600 0.23 557
244800 4 0.01 979200 0.2 1 4 1600 0.23 201
246400 4 0.01 985600 0.21 1 4 1600 0.23 192
248000 2 0 496000 0.1 1 2 0 0 -709
249600 2 0 499200 0.1 1 2 0 0 -713
251200 5 0.01 1256000 0.26 1 5 1600 0.23 -195
254400 1 0 254400 0.05 0 0 0 0 -364
259200 1 0 259200 0.05 0 0 0 0 -370
262400 2 0 524800 0.11 1 2 0 0 -750
264000 2 0 528000 0.11 1 2 0 0 -755
265600 1 0 265600 0.05 0 0 0 0 -380
268800 1 0 268800 0.05 0 0 0 0 -384
270400 1 0 270400 0.05 0 0 0 0 -386
275200 1 0 275200 0.05 0 0 0 0 -393
280000 2 0 560000 0.11 1 2 1600 0.23 800
281600 1 0 281600 0.06 0 0 0 0 -402
284800 2 0 569600 0.12 1 2 1600 0.23 786
288000 2 0 576000 0.12 1 2 1600 0.23 777
292800 1 0 292800 0.06 0 0 0 0 -418
299200 2 0 598400 0.12 1 2 1600 0.23 745
300800 1 0 300800 0.06 0 0 0 0 -430
304000 2 0 608000 0.13 1 2 1600 0.23 731
307200 1 0 307200 0.06 0 0 0 0 -439
312000 2 0 624000 0.13 1 2 1600 0.23 709
313600 1 0 313600 0.06 0 0 0 0 -448
316800 1 0 316800 0.06 0 0 0 0 -453
320000 7 0.02 2240000 0.47 2 7 3200 0.47 -1
321600 3 0.01 964800 0.2 1 3 1600 0.23 222
324800 6 0.02 1948800 0.41 1 3 3200 0.47 415
326400 3 0.01 979200 0.2 1 3 1600 0.23 201
332800 1 0 332800 0.07 0 0 0 0 -476
336000 1 0 336000 0.07 0 0 0 0 -480
340800 1 0 340800 0.07 0 0 0 0 -487
344000 1 0 344000 0.07 0 0 0 0 -492
347200 1 0 347200 0.07 0 0 0 0 -496
352000 1 0 352000 0.07 0 0 0 0 -503
353600 1 0 353600 0.07 0 0 0 0 -505
355200 1 0 355200 0.07 0 0 0 0 -508
356800 1 0 356800 0.07 0 0 0 0 -510
358400 1 0 358400 0.07 0 0 0 0 -512
360000 2 0 720000 0.15 1 2 1600 0.23 571
363200 1 0 363200 0.07 0 0 0 0 -519
369600 1 0 369600 0.07 0 0 0 0 -528
371200 1 0 371200 0.07 0 0 0 0 -530
376000 1 0 376000 0.08 0 0 0 0 -537
384000 3 0.01 1152000 0.24 1 3 1600 0.23 -46
387200 1 0 387200 0.08 0 0 0 0 -553
390400 1 0 390400 0.08 0 0 0 0 -558
400000 2 0 800000 0.17 1 2 1600 0.23 457
401600 1 0 401600 0.08 0 0 0 0 -574
404800 1 0 404800 0.08 0 0 0 0 -578
411200 2 0 822400 0.17 1 2 1600 0.23 425
417600 1 0 417600 0.08 0 0 0 0 -596
424000 1 0 424000 0.09 0 0 0 0 -606
427200 1 0 427200 0.09 0 0 0 0 -610
430400 1 0 430400 0.09 0 0 0 0 -615
440000 1 0 440000 0.09 0 0 0 0 -629
444800 1 0 444800 0.09 0 0 0 0 -636
449600 1 0 449600 0.09 1 1 0 0 -643
451200 2 0 902400 0.19 1 2 1600 0.23 310
452800 1 0 452800 0.09 1 1 0 0 -647
457600 1 0 457600 0.09 1 1 0 0 -654
459200 1 0 459200 0.09 1 1 0 0 -657
464000 1 0 464000 0.09 1 1 0 0 -663
470400 1 0 470400 0.1 1 1 0 0 -672
478400 1 0 478400 0.1 1 1 0 0 -684
480000 3 0.01 1440000 0.3 1 3 1600 0.23 -458
486400 2 0 972800 0.2 1 2 1600 0.23 210
491200 1 0 491200 0.1 1 1 0 0 -702
499200 1 0 499200 0.1 1 1 0 0 -713
500800 1 0 500800 0.1 1 1 0 0 -716
502400 1 0 502400 0.1 1 1 0 0 -718
504000 2 0 1008000 0.21 1 2 1600 0.23 160
508800 1 0 508800 0.1 1 1 0 0 -727
512000 1 0 512000 0.1 1 1 0 0 -732
513600 1 0 513600 0.11 1 1 0 0 -734
520000 2 0 1040000 0.22 1 2 1600 0.23 114
521600 2 0 1043200 0.22 1 2 1600 0.23 109
523200 1 0 523200 0.11 1 1 0 0 -748
528000 1 0 528000 0.11 1 1 0 0 -755
531200 1 0 531200 0.11 1 1 0 0 -759
534400 1 0 534400 0.11 1 1 0 0 -764
537600 2 0 1075200 0.23 1 2 1600 0.23 63
544000 1 0 544000 0.11 1 1 0 0 -777
545600 3 0.01 1636800 0.35 1 3 3200 0.23 861
547200 2 0 1094400 0.23 1 2 1600 0.23 36
553600 1 0 553600 0.11 1 1 0 0 -791
556800 1 0 556800 0.11 1 1 0 0 -796
560000 1 0 560000 0.11 1 1 1600 0.23 800
561600 2 0 1123200 0.24 1 2 1600 0.23 -5
569600 1 0 569600 0.12 1 1 1600 0.23 786
571200 1 0 571200 0.12 1 1 1600 0.23 784
574400 1 0 574400 0.12 1 1 1600 0.23 779
576000 1 0 576000 0.12 1 1 1600 0.23 777
577600 1 0 577600 0.12 1 1 1600 0.23 775
584000 1 0 584000 0.12 1 1 1600 0.23 765
588800 2 0 1177600 0.25 1 2 1600 0.23 -83
595200 3 0.01 1785600 0.38 2 3 3200 0.47 649
598400 1 0 598400 0.12 1 1 1600 0.23 745
601600 1 0 601600 0.12 1 1 1600 0.23 741
603200 1 0 603200 0.12 1 1 1600 0.23 738
611200 1 0 611200 0.13 1 1 1600 0.23 727
612800 1 0 612800 0.13 1 1 1600 0.23 725
622400 1 0 622400 0.13 1 1 1600 0.23 711
624000 2 0 1248000 0.26 1 2 1600 0.23 -183
625600 3 0.01 1876800 0.4 2 3 3200 0.47 518
627200 2 0 1254400 0.26 1 2 1600 0.23 -193
635200 1 0 635200 0.13 1 1 1600 0.23 693
640000 3 0.01 1920000 0.41 2 3 3200 0.47 456
641600 1 0 641600 0.13 1 1 1600 0.23 683
648000 1 0 648000 0.13 1 1 1600 0.23 674
649600 2 0 1299200 0.27 1 2 1600 0.23 -257
657600 1 0 657600 0.14 1 1 1600 0.23 661
659200 1 0 659200 0.14 1 1 1600 0.23 658
662400 1 0 662400 0.14 1 1 1600 0.23 653
664000 1 0 664000 0.14 1 1 1600 0.23 651
665600 1 0 665600 0.14 1 1 1600 0.23 649
670400 1 0 670400 0.14 1 1 1600 0.23 642
672000 1 0 672000 0.14 1 1 1600 0.23 640
678400 1 0 678400 0.14 1 1 1600 0.23 631
681600 1 0 681600 0.14 1 1 1600 0.23 626
686400 1 0 686400 0.14 1 1 1600 0.23 619
688000 2 0 1376000 0.29 1 2 1600 0.23 -366
692800 1 0 692800 0.14 1 1 1600 0.23 610
696000 1 0 696000 0.14 1 1 1600 0.23 605
704000 1 0 704000 0.15 1 1 1600 0.23 594
707200 2 0 1414400 0.3 1 2 1600 0.23 -421
710400 1 0 710400 0.15 1 1 1600 0.23 585
713600 1 0 713600 0.15 1 1 1600 0.23 581
715200 1 0 715200 0.15 1 1 1600 0.23 578
716800 3 0.01 2150400 0.46 2 3 3200 0.47 127
718400 1 0 718400 0.15 1 1 1600 0.23 573
724800 1 0 724800 0.15 1 1 1600 0.23 565
732800 2 0 1465600 0.31 1 2 1600 0.23 -494
734400 1 0 734400 0.15 1 1 1600 0.23 550
736000 1 0 736000 0.15 1 1 1600 0.23 548
737600 2 0 1475200 0.31 1 2 1600 0.23 -508
748800 3 0.01 2246400 0.48 2 3 3200 0.47 -10
776000 1 0 776000 0.16 1 1 1600 0.23 491
777600 1 0 777600 0.16 1 1 1600 0.23 489
784000 1 0 784000 0.16 1 1 1600 0.23 480
787200 1 0 787200 0.16 1 1 1600 0.23 475
792000 2 0 1584000 0.33 1 2 1600 0.23 -664
811200 1 0 811200 0.17 1 1 1600 0.23 441
817600 1 0 817600 0.17 1 1 1600 0.23 432
833600 1 0 833600 0.17 1 1 1600 0.23 409
840000 1 0 840000 0.17 1 1 1600 0.23 400
841600 1 0 841600 0.18 1 1 1600 0.23 397
849600 1 0 849600 0.18 1 1 1600 0.23 386
859200 1 0 859200 0.18 1 1 1600 0.23 372
864000 1 0 864000 0.18 1 1 1600 0.23 365
875200 2 0 1750400 0.37 1 1 3200 0.47 699
886400 1 0 886400 0.18 1 1 1600 0.23 334
892800 1 0 892800 0.19 1 1 1600 0.23 324
896000 1 0 896000 0.19 1 1 1600 0.23 320
902400 1 0 902400 0.19 1 1 1600 0.23 310
916800 1 0 916800 0.19 1 1 1600 0.23 290
920000 2 0 1840000 0.39 1 1 3200 0.47 571
926400 1 0 926400 0.19 1 1 1600 0.23 276
929600 1 0 929600 0.19 1 1 1600 0.23 272
932800 1 0 932800 0.19 1 1 1600 0.23 267
947200 2 0 1894400 0.4 1 1 3200 0.47 493
958400 1 0 958400 0.2 1 1 1600 0.23 230
971200 2 0 1942400 0.41 1 1 3200 0.47 424
988800 1 0 988800 0.21 1 1 1600 0.23 187
998400 1 0 998400 0.21 1 1 1600 0.23 174
1020800 1 0 1020800 0.21 1 1 1600 0.23 142
1024000 1 0 1024000 0.21 1 1 1600 0.23 137
1040000 2 0 2080000 0.44 1 1 3200 0.47 228
1118400 1 0 1118400 0.23 1 1 1600 0.23 2
1123200 2 0 2246400 0.48 1 1 3200 0.47 -10
1124800 1 0 1124800 0.24 1 1 1600 0.23 -7
1129600 1 0 1129600 0.24 1 1 1600 0.23 -14
1147200 1 0 1147200 0.24 1 1 1600 0.23 -39
1169600 1 0 1169600 0.25 1 1 1600 0.23 -71
1244800 1 0 1244800 0.26 1 1 1600 0.23 -179
1249600 2 0 2499200 0.53 1 1 3200 0.47 -372
1256000 1 0 1256000 0.26 1 1 1600 0.23 -195
1352000 1 0 1352000 0.28 1 1 1600 0.23 -332
1392000 1 0 1392000 0.29 1 1 1600 0.23 -389
1412800 1 0 1412800 0.3 1 1 1600 0.47 -419
1432000 1 0 1432000 0.3 1 1 1600 0.47 -446
1580800 1 0 1580800 0.33 1 1 1600 0.47 -659
1641600 1 0 1641600 0.35 1 1 3200 0.47 854
1731200 1 0 1731200 0.37 1 1 3200 0.47 726
1849600 1 0 1849600 0.39 1 1 3200 0.47 557
1920000 1 0 1920000 0.41 1 1 3200 0.47 456
1977600 1 0 1977600 0.42 1 1 3200 0.47 374
2024000 1 0 2024000 0.43 1 1 3200 0.47 308
2080000 1 0 2080000 0.44 1 1 3200 0.47 228
2124800 1 0 2124800 0.45 1 1 3200 0.47 164
2219200 1 0 2219200 0.47 1 1 3200 0.47 29
2224000 11 0.03 24464000 5.23 1 1 35200 5.26 241
Total 28211 99.99 466900800 99.99 667200 106

Allocation to Qualified Institutional Buyers (excluding Anchor Portion) (After Technical Rejections): The Basis of Allotment to the Qualified Institutional Buyers, at the issue price of Rs.80/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 206.06 times. The total number of shares allotted in this category is 8,89,600 Equity shares out of reserved portion of 8,89,600 Equity Shares.

No. of Shares Applied for (Category wise) No. Of Applications Received % of Total Total No. of Shares applied in each category %to Total

Ratio of allottees to applicants

Total No. of shares allocated/alloted Total No. of shares allocated/alloted Surplus/ Deficit
126400 1 1.11 126400 0.06 614 1600 0 0 -614
128000 1 1.11 128000 0.06 621 1600 0 0 -621
294400 1 1.11 294400 0.16 1429 1600 1600 0.18 171
297600 1 1.11 297600 0.16 1444 1600 1600 0.18 156
377600 1 1.11 377600 0.2 1833 1600 1600 0.18 -233
388800 1 1.11 388800 0.21 1887 1600 1600 0.18 -287
480000 1 1.11 480000 0.26 2330 3200 3200 0.18 870
571200 1 1.11 571200 0.31 2772 3200 3200 0.37 428
608000 1 1.11 608000 0.33 2951 3200 3200 0.37 249
611200 1 1.11 611200 0.33 2966 3200 3200 0.37 234
624000 1 1.11 624000 0.34 3028.19 3200 3200 0.37 172
750400 1 1.11 750400 0.4 3642.02 3200 3200 0.37 -442
889600 2 2.22 1779200 0.97 4317.22 3200 6400 1.12 -2234
889600 2 2.22 1779200 0.97 4317.22 1600 1600 1.12 -7034
902400 1 1.11 902400 0.49 4380 4800 4800 0.56 420
918400 1 1.11 918400 0.5 4457 4800 4800 0.56 343
924800 1 1.11 924800 0.5 4488.03 4800 4800 0.56 312
976000 1 1.11 976000 0.53 4736.23 4800 4800 0.56 64
1019200 1 1.11 1019200 0.55 4946.17 4800 4800 0.56 -146
1100800 1 1.11 1100800 0.6 5342.04 4800 4800 0.56 -542
1113600 1 1.11 1113600 0.6 5404.32 4800 4800 0.56 -604
1120000 1 1.11 1120000 0.61 5435.45 4800 4800 0.56 -635
1155200 1 1.11 1155200 0.63 5606.25 4800 4800 0.56 -806
1155200 1 1.11 1155200 0.63 5606.25 4800 1600 0.56 -4006
1249600 2 2.22 2499200 1.36 6064.5 6400 12800 1.49 671
1374400 1 1.11 1374400 0.74 6670.22 6400 6400 0.74 -270
1376000 1 1.11 1376000 0.75 6677.33 6400 6400 0.74 -277
1424000 1 1.11 1424000 0.77 6910.41 6400 6400 0.74 -510
1436800 1 1.11 1436800 0.78 6973 6400 6400 0.74 -573
1497600 1 1.11 1497600 0.81 7268.03 6400 6400 0.74 -868
1497600 1 1.11 1497600 0.81 7268.03 6400 1600 0.74 -5668
1534400 1 1.11 1534400 0.83 7447 8000 8000 0.93 553
1654400 1 1.11 1654400 0.9 8029 8000 8000 0.93 -29
1712000 1 1.11 1712000 0.93 8308 8000 8000 0.93 -308
1755200 2 2.22 3510400 1.91 8518 8000 16000 1.86 -1036
1755200 2 2.22 3510400 1.91 8518 8000 1600 1.86 -15436
1756800 11 12.22 19324800 10.54 8525.76 8000 88000 10.28 -5783
1756800 11 12.22 19324800 10.54 8525.76 8000 6400 10.28 -87383
1872000 1 1.11 1872000 1.02 9085 9600 9600 1.12 515
1875200 1 1.11 1875200 1.02 9101 9600 9600 1.12 499
2000000 1 1.11 2000000 1.09 9706.42 9600 9600 1.12 -106
2008000 1 1.11 2008000 1.09 9745 9600 9600 1.12 -145
2224000 1 1.11 2224000 1.21 10794 11200 11200 1.3 406
2662400 1 1.11 2662400 1.45 12921 12800 12800 1.49 -121
2720000 1 1.11 2720000 1.48 13200 12800 12800 1.49 -400
2737600 1 1.11 2737600 1.49 13285.28 12800 12800 1.49 -485
2873600 1 1.11 2873600 1.56 13945.36 14400 14400 1.68 455
3000000 1 1.11 3000000 1.63 14559.19 14400 14400 1.68 -159
3062400 2 2.22 6124800 3.34 14861.65 14400 28800 3.36 -923
3062400 2 2.22 6124800 3.34 14861.65 14400 1600 3.36 -28123
3092800 1 1.11 3092800 1.68 15009.33 14400 14400 1.68 -609
3104000 1 1.11 3104000 1.69 15064 14400 14400 1.68 -664
3112000 3 3.33 9336000 5.09 15102.44 14400 43200 5.04 -2107
3112000 3 3.33 9336000 5.09 15102.44 14400 1600 5.04 -43707
3113600 27 30 84067200 45.86 15110.35 14400 388800 45.42 -19179
3113600 27 30 84067200 45.86 15110.35 14400 19200 45.42 -388779
Total 90 100.00 183308600 100.00 889600 100.00

The Board of Directors of the Company at its meeting held on August 22, 2024, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the online corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants.

The CAN-cum-Refund Orders and Allotment Advice and/or Notices are being dispatched to the address of the applicants as registered with the depositories / as filled in the application form on August 23, 2024. Further, the instructions to Self-Certified Syndicate Banks being processed on August 23, 2024 for unblocking fund. In case the same is not received within Two (2) days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company shall file the listing application with National Stock Exchange of India Limited on or before August 23, 2024. The Company is in process of obtaining the listing & the trading approval from National Stock Exchange of India Limited and the trading is expected to commence on or before August 26, 2024.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as Ascribed to them in the Prospectus dated August 22, 2024.

DISCLOSURES PERTAINING TO THE BRLM'S TRACK RECORD ON PAST ISSUES WITH A BREAKUP OF HANDLING OF IPOS FOR THE LAST 3 YEARS: Horizon Management Private Limited

TYPE FY 2021-22 FY 2022-23 FY 2023-24 FY2025
SME IPO 0 0 4 2
MAIN BOARD 0 0 0 0

INVESTORS, PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, MAS Services Limited at www.massery.com . All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/ sole applicants, serial number of the application form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BOOK RUNNING LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE COMPANY SECRETARY AND COMPLIANCE OFFICER

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Horizon Management Private Limited MAS Services Limited FORCAS STUDIO LIMITED
19 R N Mukherjee Road, Main Building, 2nd Floor, Kolkata- 700 001 .West Bengal, India. T-34,2nd Floor, Okhla Industrial Area, Phase - II, New Delhi -110 020, Delhi, India Sangita Kumari Agarwal, Company Secretary and Compliance Officer
Telephone: +91 33 4600 0607 Telephone: +91 112 638 7281/83 Tara Maa Tower, B3-71C/161 B B T Road, Vivekanandapur, South 24 Parganas, Thakurpukur Mahestola -700141, West Bengal, India.
Facsimile: +91 33 4600 0607 Facsimile: +91 112 638 7384 Tel: +91 332 9501056
Email ID: smeipo@horizon.net.co Email ID: info@masserv.com Email: info@focasstudio.in 
Website: www.focasstudio.in Website: www.masserv.com CIN: U14101WB2024PLC267500
Website: www.horizonmanagement.in Investor grievance: investor@masserv.com Bidders are advised to contact the Company Secretary and Compliance Officer, the BRLM and/or the Registrar to the Issue in case of any pre-issue or post-issue related problems such as non-receipt of letters of Allotment, credit of Allotted Equity Shares in the respective beneficiary account, non-receipt of funds by electronic mode etc.
Investor Grievance ID: investor.relations@horizon.net.co Contact Person: N C Pal
Contact Person: Manav Goenka SEBI Registration: INR 000000049
SEBI Registration Number: INM000012926 Validity: Permanent

 

On behalf of Board of Directors
For FORCAS STUDIO LIMITED
Sd/-
Place: Kolkata Sailesh Agarwal
Date: August 23,2024 Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF FORCAS STUDIO LIMITED

Disclaimer: Forcas Studio Limited has filed the Prospectus with the RoC on August 22, 2024, and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of NSE Limited at https://www.nseindia.com/  and on the websites of the BRLM's, at www.horizonmanagement.in   and Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see “Risk Factors" beginning on page 25 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being offered and sold outside the United States in 'offshore transactions'in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such offers and sales are made. There will be no public offering in the United States.

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