QVC Exports Limited IPO (QVC Exports IPO) Date, Price, GMP & Allotment 2024

QVC Exports Limited IPO Overview

The QVC Exports IPO is a fixed price issue valued at ₹24.07 crores. The issue comprises a fresh issue of 20.5 lakh shares, totalling ₹17.63 crores, and an offer for sale (OFS) of 7.49 lakh shares, amounting to ₹6.44 crores.

• Subscription Dates: The IPO opens for subscription on August 21, 2024, and closes on August 23, 2024.
• Allotment and Listing: The share allotment is expected to be finalized on August 26, 2024. The company is scheduled to list on the NSE SME with a tentative listing date of August 28, 2024.
• IPO Price: The issue price is set at ₹86 per share.
• Lot Size: The minimum application size is 1,600 shares, requiring an investment of ₹137,600 for retail investors. For High Net-Worth Individuals (HNIs), the minimum investment is ₹275,200 for 2 lots (3,200 shares).
• Key Players: Khandwala Securities Limited is the book-running lead manager for this IPO, while Cameo Corporate Services Limited serves as the registrar. After the trade, Broking is the market maker for the QVC Exports IPO.

For more detailed information, please refer to the Red Herring Prospectus (RHP) of the QVC Exports IPO.

QVC Exports Limited IPO Important dates

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
The 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

QVC Exports Limited IPO Financial Performance

QVC Exports Limited’s revenue increased by 112% and profit after tax (PAT) rose by 129% between the financial year ending with March 31, 2024 and March 31, 2023.

Key Performance Indicator

The market capitalization of QVC Exports IPO is Rs 89.88 Cr.

KPI as of March 31, 2024.

 

QVC Exports Limited IPO Objectives

The Objects of the Issue are:

To repay the unsecured loans taken by the Company

To meet working capital requirement

General Corporate Purposes

QVC Exports Limited IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹137,600
Retail (Max)	1	1600	₹137,600
HNI (Min)	2	3,200	₹275,200

QVC Exports Limited 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

QVC Exports Limited Company Overview and Services

Founded in August 2005, QVC Exports Limited is involved in the trade of ferroalloys, such as high-carbon silico manganese, low-carbon silico manganese, high-carbon ferromanganese, high-carbon ferrochrome, and ferrosilicon.

As of March 31, 2024, 82.95% of the company’s revenue was generated from its export operations.

As of January 31, 2024, the company has exported its products to various countries, including but not limited to Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman.

The company complies with management system standards as set out in ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.

As of August 6, 2024, the company has 15 employees on its payroll.

SWOT Analysis(Strength and Weakness)

• Strengths
  • Strong Export Business: A significant portion of QVC Exports’ revenue (82.95% as of March 31, 2024) comes from its export business. This indicates a robust international market presence.
  • Diverse Product Range: The company deals in various ferroalloys, including ferro silicon, high-carbon ferromanganese, low-carbon ferro manganese, and high-carbon ferro chrome.
  • ISO Certifications: QVC Exports adheres to ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 management system standards, which enhances its credibility and operational efficiency.
  • Strategic Business Model: The company has a unique inward and outward model, procuring raw materials for manufacturers and selling their finished products.
• Weaknesses
  • Dependence on Key Markets: The company is highly dependent on a few key markets for revenue, making it vulnerable to economic changes in those regions.
  • Limited Domestic Brand Recognition: Compared to its international presence, QVC Exports has limited brand recognition in domestic markets.
  • Fluctuating Raw Material Prices: Variations in raw material prices can impact profit margins.
• Opportunities
  • Expansion into New Markets: There is potential for QVC Exports to expand its market reach to new countries and regions.
  • Technological Advancements: Investing in new technologies can improve operational efficiency and product quality.
  • Increased Demand for Ferroalloys: Growing demand for steel and related products can drive the demand for ferroalloys, benefiting QVC Exports.
• Threats
  • Economic Instability: Economic fluctuations in key markets can adversely affect the company’s revenue.
  • High Logistics and Shipping Costs: Due to its international operations, the company faces high logistics and shipping costs.
  • Regulatory Changes: Changes in international trade regulations and tariffs can impact the company’s operations and profitability.

QVC Exports Limited IPO GMP Details

QVC Exports Limited IPO subscription status 

Total Application: 84,922

Note:

• *: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.

• **: The portion of anchor investors (or market makers) is not included in the total number of shares offered.

• ***: Market Maker portion is not included in NII/HNI.

QVC Exports Limited IPO Allotment status

QVC Exports IPO allotment is expected on August 26, 2024.

QVC Exports IPO allotment status is not available at this time. QVC Exports IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for QVC Exports Limited IPO allotment status.

To check QVC Exports IPO allotment status, follow the steps below:

1. Click on the allotment status check button below.
2. Select Company Name.
3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
4. Click on Search.

When you secure the allotment, you will receive the credit for equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Cameo Corporate Services Limited either by phone or email. Investors can call on +91-44-28460390 or send an email with all relevant details to ipo@cameoindia.com.

Promoter and Management Team

• Nilesh Kumar Sharma
• Madhu Sharma
• Priti Sharma
• Matashree Mercantile Private Limited
• Unity Vyapaar Private Limited

Ideal Technoplast Industries 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/

 

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