QVC Exports has finalized the IPO date, with the offering opening on August 21 and closing on August 23. Through this NSE SME IPO, the company aims to raise ₹24.07 crores. It has set the price band at ₹86 per share, with a market lot of 1,600 shares.
Table of contents
- QVC Exports IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- Objective of the Issue
- Company Promoters
- QVC Exports IPO GMP (Grey Market Premium)
- QVC Exports IPO Application Form PDF
- QVC Exports IPO Subscription Status
- QVC Exports IPO Allotment Status
- IPO Review
- QVC Exports IPO Registrar
- QVC Exports IPO Lead Manager
- QVC Exports IPO FAQs
QVC Exports IPO Overview
| Company Name | QVC Exports Limited |
| Industry | Trades Ferroalloys |
| IPO Issue Type | Fixed Price Issue |
| Open Date | August 21, 2024 |
| Close Date | August 23, 2024 |
| Total Issue Size | ₹24.07 Crores (2,798,400 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹17.63 Crores (2,049,600 Equity Shares) |
| Price Band | ₹86 Per Share |
| Listing on | NSE SME |
| Lot Size | 1600 shares |
| Offer for Sale | ₹0 |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 0% |
| Shares Offered to HNI | 50% |
Company Details
QVC Exports specializes in ferroalloys, including high-carbon silico manganese and ferrosilicon, among others. Additionally, they deal in raw materials for steel manufacturing. Their unique business model involves procuring essential raw materials like manganese ore and coke for ferro alloy manufacturers, purchasing their finished products, and then selling them to both domestic and international steel manufacturers.
Consequently, this approach establishes a robust customer and supplier base, effectively serving different points in the steel supply chain. As of March 31, 2024, 82.95% of their revenue came from exports. Furthermore, by January 31, 2024, they were exporting to countries such as Taiwan, Japan, Bangladesh, and more. They import manganese ore from reputable suppliers in Hong Kong and France.
Moreover, they generate a significant portion of their revenue by exporting to esteemed steel manufacturers worldwide. To maintain high standards, they ensure product quality through independent inspection agencies like Bureau Veritas and SGS, and they follow up with customers to confirm satisfaction.
Key Dates
| IPO Open Date | August 21, 2024 |
| IPO Close Date | August 23, 2024 |
| Basis of Allotment | August 26, 2024 |
| Refunds | August 27, 2024 |
| Credit to Demat Account | August 27, 2024 |
| IPO Listing Date | August 28, 2024 |
Financials (₹ in Crores)
| Year | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹93.86 | ₹64.89 | ₹54.61 |
| Revenue | ₹454.62 | ₹214.71 | ₹127.82 |
| Profit After Tax (PAT) | ₹3.92 | ₹1.71 | ₹0.90 |
| Net Worth | ₹34.07 | ₹28.02 | ₹26.68 |
| Total Borrowings | ₹49.81 | ₹32.27 | ₹21.59 |
Objective of the Issue
- To begin with, the company will use the funds to repay its unsecured loans.
- Additionally, the company will address its working capital requirements.
- Finally, the company will allocate any remaining funds for general corporate purposes.
Company Promoters
- Nilesh Kumar Sharma
- Madhu Sharma
- Priti Sharma
- Matashree Mercantile Private Limited
- Unity Vyapaar Private Limited
QVC Exports IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the QVC Exports IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including QVC Exports Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
QVC Exports IPO Application Form PDF
To download the QVC Exports IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
QVC Exports IPO Subscription Status
This IPO subscription kicks off on August 21, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
QVC Exports IPO Allotment Status
To check the QVC Exports IPO allotment status go to the IPO registrar website Cameo Corporate or go to IPO Allotment.
Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Given that 82.95% of revenue is derived from export operations, the company consequently enjoys a strong global presence.
- Specializing in a diverse range of ferroalloys, QVC Exports Limited effectively caters to various industrial needs, thereby enhancing market resilience.
- By adhering to ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, the company demonstrates a strong commitment to quality.
- With nearly two decades of experience, the company thus gains a competitive edge in the market.
Risks:
- Since the majority of revenue is generated from exports, the company is therefore vulnerable to global trade fluctuations.
- Considering it has only 15 employees as of August 2024, the company may consequently face operational challenges in scaling or handling large orders.
- Given that the ferroalloy industry is sensitive to fluctuations in raw material prices, this can significantly impact profitability.
- Due to its involvement in heavy industries, the company is subject to strict regulations; hence, any changes could pose compliance challenges.
QVC Exports IPO Registrar
Cameo Corporate Services Limited
Phone: +91-22-6263 8200
Email: cameo@cameoindia.com
Website: https://cameoindia.com/
QVC Exports IPO Lead Manager
KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street, Fort,
Mumbai – 400 023, Maharashtra, India.
Phone: +91 224 076 7373
Email: ipo@kslindia.com, rinav@kslindia.com
Website: https://kslindia.com/
QVC Exports Limited Contact Details
QVC Exports Limited
6th Floor, South City Business Park 770
EM Bypass, Anandapur, Adarsha Nagar,
E.K.T, Kolkata- 700107
Phone: +91 3324197677
Email: office@qvcgroup.com
Website: http://www.qvcgroup.com/
QVC Exports IPO FAQs
The QVC Exports IPO, notably a fixed-price issue, amounts to Rs 26.47 crores. This upcoming IPO is structured as a combination of both a fresh issue and an offer-for-sale. Specifically, the fresh issue comprises 20.5 lakh equity shares, totaling Rs 17.63 cr, while the OFS component involves 7.49 lakh equity shares, contributing Rs 6.44 cr.
In addition to other facilitators, Khandwala Securities Limited has been appointed as the book-running lead manager for the QVC Exports IPO.
Furthermore, Cameo Corporate Services Limited has been designated as the registrar for QVC Exports Limited, taking responsibility for the administrative aspects of the IPO.
The public subscription for the IPO will officially open on August 21, 2024. To apply, you can click here and proceed with the application process.
The funds raised through the IPO will primarily be used to repay the company’s unsecured loans. Additionally, the remaining capital will be allocated toward meeting day-to-day operational needs, ensuring proper business functionality. Moreover, a portion will be dedicated to general corporate purposes.
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