QVC Exports Limited IPO

NiftyTrader • August 21, 2024

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QVC Exports Limited IPO opens on August 21, 2024, and closes on August 23, 2024. The allotment for the QVC Exports Limited IPO is anticipated to be completed on Monday, August 26, 2024. The IPO will be listed on the SME and NSE, with a tentative date set for Wednesday, August 28,2024.

The QVC Exports Limited IPO’s price band is Rs 86 per share. The IPO is a book-built issue of Rs 24.07 crores, an entirely new issue of 20.5 lakh shares.

QVC Exports IPO Details

IPO Date	August 21, 2024 to August 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹86 per share
Lot Size	1600 Shares
Total Issue Size	2,798,400 shares (aggregating up to ₹24.07 Cr)
Fresh Issue	2,049,600 shares (aggregating up to ₹17.63 Cr)
Offer for sale	748,800 shares of ₹10 (aggregating up to ₹6.44 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Shareholding pre-issue	8,401,692
Shareholding post-issue	10,451,692
Market Maker portion	140,800 shares After trade Broking

QVC Exports IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹137,600
Retail (Max)	1	1600	₹137,600
S-HNI (Min)	2	3200	₹275,200

QVC Exports IPO Objectives

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

General Corporate Purpose
To Meet Capital Expenditure
To repay the unsecured loans taken by the Company

About QVC Exports Limited

Founded in August 2005, QVC Exports Limited is a prominent player in the ferroalloys trade, dealing in high-carbon silico manganese, low-carbon silico manganese, high-carbon ferromanganese, high-carbon ferrochrome, and ferrosilicon. By March 31, 2024, the company had achieved 82.95% of its revenue through export operations, establishing a strong international presence. As of January 31, 2024, QVC Exports Limited had successfully exported its products to a diverse range of countries, including Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman.

QVC Exports Limited is committed to maintaining high standards, as evidenced by its compliance with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications. The company’s dedication to quality and environmental management is reflected in its operations. As of August 6, 2024, QVC Exports Limited employed a team of 15, ensuring that its business processes remain efficient and its market reach continues to grow.

QVC Exports Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,386.23	6,489.81	5,461.44
Revenue	45,462.68	21,471.14	12,782.5
Profit After Tax	392.76	171.48	90.54
Net Worth	3,407.9	2,802.99	2,668.09
Reserves and Surplus	2,567.73	2,382.91	2,208.79
Total Borrowing	4,981.73	3,227.57	2,159.43
			Amount in ₹ Lakhs

QVC Exports IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	50% of the net offer
Other Shares Offered	50% of the net offer

QVC Exports IPO Timeline

QVC Exports IPO opens on August 21, 2024, and closes on August 23, 2024.

IPO Open Date	Wednesday, August 21, 2024
IPO Close Date	Friday, August 23, 2024
Basis of Allotment	Monday, August 26, 2024
Initiation of Refunds	Tuesday, August 27, 2024
A credit of Shares to Demat	Tuesday, August 27, 2024
Listing Date	Wednesday, August 28, 2024
Cut-off time for UPI mandate confirmation	5 PM on August 23, 2024

Conclusion

The QVC Exports Limited IPO is set to open on August 21, 2024, and close on August 23, 2024, with shares priced at Rs 86 each. The IPO aims to raise Rs 24.07 crores through a combination of fresh issues and offers for sale. The company, a key player in the ferroalloys trade with a significant export presence, will use the proceeds for general corporate purposes, capital expenditure, and loan repayment. With a strong financial performance in recent years, QVC Exports Limited is poised for growth, and its shares are expected to be listed on the NSE SME on August 28, 2024.