QVC Exports Limited

21 Aug 2024 - 23 Aug 2024 Individual Category SME NSE

Min Investment

₹137600

Price Band

₹86

Issue Size

27.98 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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21 Aug 2024

Open Date

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23 Aug 2024

Close Date

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26 Aug 2024

Allotment Date

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28 Aug 2024

Listing Date

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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About Qvc Exports Limited

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. 

Founded

2005

Managing Director

Nilesh Kumar Sharma

Parent Organization

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 the proper functioning of the business. Also general corporate purposes will also be fulfilled. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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