QVC Exports is scheduled to hit the market on August 21, 2024 and close on August 23, 2024. QVC Exports plans to raise around ₹24.07 Cr through an IPO with a sale of up to 2,798,400 equity shares of ₹10 each. The Retail offered 50%, Other Shares Offered 50%.
QVC Exports Limited, established in August 2005, specializes in trading ferroalloys, including high-carbon silico manganese, low-carbon silico manganese, high-carbon ferro manganese, high-carbon ferro chrome, and ferro silicon. As of March 31, 2024, the company generated 82.95% of its revenue from export operations, showcasing its strong international presence. The firm has successfully exported its products to a diverse range of countries, such as Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman.
In addition to its trading activities, QVC Exports Limited adheres to various management system standards, including ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. This commitment to quality and safety reflects the company's dedication to maintaining high operational standards. As of August 6, 2024, QVC Exports Limited employs 15 individuals, contributing to its ongoing growth and success in the ferroalloy sector.
QVC Exports IPO Details
QVC Exports IPO opens on August 21, 2024, and closes on August 23, 2024. The Listing date for QVC Exports IPO is on August 28, 2024. The price band for IPO is ₹86 per share and lot size of 1600 Shares.
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | August 28, 2024 |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹24.07 Cr |
| Face Value | ₹10 per share |
QVC Exports IPO Tentative Timetable
QVC Exports opening date is August 21, 2024 and close date is August 23, 2024. The IPO allotment date is August 26, 2024. Therefund initiation of IPO is on August 27, 2024. The credit of shares in demat account is on August 27, 2024. The listing date is on August 28, 2024.
| Event | Date |
|---|---|
| IPO Opening | August 21, 2024 |
| IPO Closing | August 23, 2024 |
| IPO Allotment Date | August 26, 2024 |
| Refund Initiation | August 27, 2024 |
| Shares Credit to Demat | August 27, 2024 |
| Lisiting Date | August 28, 2024 |
QVC Exports IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹137,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹137,600 |
| Retail(Maximum) | 1 | 1600 | ₹137,600 |
| HNI (Minimum) | 2 | 3200 | ₹275,200 |
QVC Exports IPO Promoter Holding
| Pre Issue Share Holding | 99.98% |
| Post Issue Share Holding | 73.22% |
QVC Exports IPO Review
QVC Exports Ltd. (QEL) is involved in trading ferro alloys and raw materials used in steel production. They have a unique way of doing business that includes both buying raw materials and selling finished ferro alloys to steel makers in India and around the world. In the financial year 2024, more than 82.95% of their income came from exports to different countries, showing that they have a strong position in the global market. The company maintains high quality by having independent inspections and has built a dependable network of customers and suppliers in the steel industry.
Financially, QEL has seen significant growth. Their total income rose from ₹127.83 crore in FY22 to ₹454.63 crore in FY24, while net profits increased from ₹0.91 crore to ₹3.93 crore during the same period. However, this large increase in revenue and profit for FY24 raises questions about whether this growth can be maintained in the future. The company is now planning to launch an IPO at a fixed price of ₹86 per share, aiming to raise ₹24.07 crore. They plan to use this money for working capital, paying off loans, and other general business needs.
While QEL's business model and growth from exports look promising, the pricing of the IPO is quite high, with a P/E ratio of 22.87 based on earnings from FY24. This suggests that investors should be careful. They should think about the risks linked to the fast growth in finances and the high company valuation, and it may be wise to invest cautiously with a focus on medium to long-term gains.
QVC Exports IPO Subscription Status (Bidding Details)
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- Arihant Capital: To be updated soon
QVC Exports IPO FAQs
What is QVC Exports IPO?
QVC Exports is issuing 2,798,400 equity shares with a face value of ₹10 each, totaling up to ₹24.07 Cr. The shares are being offered at a price of ₹86 each, with a minimum order quantity of 1600 shares.
Cameo Corporate Services Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When QVC Exports IPO will open?
QVC Exports will open on August 21, 2024 for QIB, NII, and Retail Investors.
When QVC Exports IPO will end?
QVC Exports will end on August 23, 2024.
What is QVC Exports IPO Size?
QVC Exports IPO size is ₹24.07 Cr.
What is QVC Exports IPO Price Band?
QVC Exports price band is ₹86 per share.
What is the QVC Exports IPO Allotment Date?
QVC Exports allotment date is August 26, 2024.
What is the QVC Exports IPO Listing Date?
QVC Exports listing date is August 28, 2024. The IPO is to be listed on BSE and NSE.
How to QVC Exports IPO through Zerodha?
To apply for the IPO “QVC Exports” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply QVC Exports IPO through Upstox?
To apply for the IPO “QVC Exports” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check QVC Exports IPO Allotment Status?
For QVC Exports IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is QVC Exports IPO GMP?
You can check out here: QVC Exports IPO GMP