QVC Exports IPO: All Important Points Discussed Below

• QVC Exports IPO is a fixed price issue of Rs 24.07 crores.
• This upcoming IPO bidding opens on August 21 and closes on August 23, 2024.
• QVC Exports SME IPO price is set at Rs 86 per share.
• The minimum investment required is Rs 1,37,600.

QVC Exports IPO: Synopsis 

QVC Exports IPO is open for subscription starting Wednesday, August 21, 2024, and closing on Friday, August 23, 2024. This upcoming IPO's price is Rs 86 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. 

The minimum investment required for retail category investors is Rs 1,37,600 (86 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,75,200 (86 x 3200 shares).

QVC Exports IPO is a fixed price issue of Rs 26.47 crores. This upcoming IPO’s is a mixture of Rs fresh issue and offer-for-sale. The fresh issue is of 20.5 lakh equity shares amounting to Rs 17.63 crores and OFS component is of 7.49 lakhs equity shares amounting to Rs 6.44 crores.  

The allotment for this new IPO is expected to be finalised on Monday, August 26, 2024. QVC Exports IPO will be listed on NSE SME on Wednesday, August 28, 2024. Khandwala Securities Limited is the book-running lead manager, Cameo Corporate Services Limited is the registrar, and Aftertrade Broking is the market maker for this IPO.

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QVC Exports IPO: About the Company

QVC Exports Limited was founded in 2005 and is engaged in the trade business of ferroalloys such as high-carbon silico manganese, low-carbon silico manganese, high-carbon ferromanganese, high-carbon ferrochrome, and ferrosilicon. 

QVC Exports 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. As of March 2024, the company's 82% of revenue is generated from export operations. The company has a team of 15 employees. 

QVC Exports IPO: Objectives

The funds received from this IPO will  be used to repay the unsecured loans taken by the company. The remaining will be allocated for the day-to-day capital needs for proper functioning of the business. Also, general corporate purposes will also be fulfilled. 

QVC Exports IPO: Other Important Details

Time-Table of QVC Exports IPO

QVC Exports IPO: Financial Metrics (Amt in Rs Lakhs)

QVC Exports posted revenue of Rs 45.462.68 lakhs and net profit of Rs 392.76 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 112% and net profit increased by 129% between the FY ending on 31 Mar 2024 and 31 Mar 2023. 

Minimum Investment: Lot Size Details

Promoters of QVC Exports Limited and Their Holdings

The promoters of QVC Exports are Nilesh Kumar Sharma, Madhu Sharma, Priti Sharma, Matashree Mercantile Private Limited and Unity Vyapaar Private Limited. The promoters' shareholdings before the IPO were 99.98%; however, after the IPO, shareholdings will decline to 73.22%.

QVC Exports: Strength of Company

1.     QVC Exports are involved in the trade of ferroalloys, such as high-carbon silico manganese, low-carbon silico manganese, high-carbon ferro manganese, etc.

2.     The company's return on capital employed is 34.22%.

3.     QVC Exports's revenue showed a sharp jump from Rs 21 471.14 lakhs to Rs 45,462.68 lakhs between the year ending FY23 and FY24.

FAQs

1. What are the details of the QVC Exports IPO?

QVC Exports IPO is a fixed price issue of Rs 26.47 crores. This upcoming IPO’s is a mixture of Rs fresh issue and offer-for-sale. The fresh issue is of 20.5 lakh equity shares amounting to Rs 17.63 crores and OFS component is of 7.49 lakhs equity shares amounting to Rs 6.44 crores. 

2. Who are the lead managers for the QVC Exports IPO?

Khandwala Securities Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Cameo Corporate Services in this IPO?

Cameo Corporate Services Limited is the registrar for QVC Exports Limited, handling the IPO's administrative aspects.

4. How can I apply for the QVC Exports IPO?

The public subscription of this new IPO will open on August 21, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds received from this IPO will  be used to repay the unsecured loans taken by the company. The remaining will be allocated for the day-to-day capital needs for proper functioning of the business. Also, general corporate purposes will also be fulfilled.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the QVC Exports Limited IPO by visiting here. For further updates follow Bigul.

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