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.
