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QVC Exports IPO is a fixed price issue of Rs 24.07 crores. The issue is a combination of fresh issue of 20.5 lakh shares aggregating to Rs 17.63 crores and offer for sale of 7.49 lakh shares aggregating to Rs 6.44 crores.
QVC Exports IPO bidding started from August 21, 2024 and ended on August 23, 2024. The allotment for the QVC Exports IPO is expected to be finalized on Monday, August 26, 2024. QVC Exports IPO will list on NSE SME with tentative listing date fixed as Wednesday, August 28, 2024.
QVC Exports IPO price is ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Khandwala Securities Limited is the book running lead manager of the QVC Exports IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for QVC Exports IPO is Aftertrade Broking.
Refer to QVC Exports IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 8,401,692 |
| Share holding post issue | 10,451,692 |
| Market Maker portion | 140,800 shares Aftertrade Broking |
QVC Exports IPO offers 2,798,400 shares. 1,328,000 (47.46%) to NII, 1,329,600 (47.51%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 140,800 (5.03%) |
| Other Shares Offered | 1,328,000 (47.46%) |
| Retail Shares Offered | 1,329,600 (47.51%) |
| Total Shares Offered | 2,798,400 (100%) |
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 |
| 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 |
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 |
| Lot Size Calculator | |||
The Promoters of the company are Nilesh Kumar Sharma, Madhu Sharma, Priti Sharma, Matashree Mercantile Private Limited and Unity Vyapaar Private Limited.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.22% |
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 ferro manganese, high-carbon ferro chrome, and ferro silicon.
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, 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.
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.
| 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 | ||||||||||||||||||||||||||||||
The market capitalization of QVC Exports IPO is Rs 89.88 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 7.20% |
| ROCE | 34.22% |
| Debt/Equity | 1.46 |
| RoNW | 17.75% |
| P/BV | 2.12 |
| PAT Margin (%) | 1.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.67 | 3.76 |
| P/E (x) | 18.4 | 22.89 |
The Objects of the Issue are:
To repay the unsecured loans taken by the Company
To meet working capital requirement
General Corporate Purposes
[Dilip Davda] The company is basically a dealer/trader in ferro alloy and steel manufacturing materials. It posted growth in top and bottom lines for the reported periods. The sudden boost in top and bottom lines for FY24 raise eyebrows. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for medium to long term. Read detail review...
The QVC Exports IPO is subscribed 535.00 times on August 23, 2024 6:20:00 PM. The public issue subscribed 418.64 times in the retail category, times in the QIB category, and 596.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 596.57 |
| Retail | 418.64 |
| Total | 535.00 |
Total Application : 347,890 (418.64 times)
QVC Exports Limited
6 th 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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
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QVC Exports IPO is a SME IPO of 2,798,400 equity shares of the face value of ₹10 aggregating up to ₹24.07 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600 Shares.
The IPO opens on August 21, 2024, and closes on August 23, 2024.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in QVC Exports IPO using UPI as a payment gateway. Zerodha customers can apply in QVC Exports IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in QVC Exports IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The QVC Exports IPO opens on August 21, 2024 and closes on August 23, 2024.
QVC Exports IPO lot size is 1600 Shares, and the minimum amount required is ₹137,600.
You can apply in QVC Exports IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for QVC Exports IPO will be done on Monday, August 26, 2024, and the allotted shares will be credited to your demat account by Tuesday, August 27, 2024. Check the QVC Exports IPO allotment status.
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