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QVC Exports Limited

IPO

Issue Price

₹ 86

per equity share

Issue Size

27.98 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

1600

equity share

Please note

Listing at NSE

QVC Exports Limited

Important Dates

IPO Open Date

21 Aug 2024

IPO Close Date

23 Aug 2024

Allotment Date

26 Aug 2024

Initiation of Refunds

27 Aug 2024

Credit of Shares to Demat Account

27 Aug 2024

IPO Listing Date

28 Aug 2024

UPI Mandate Expiry Date

23 Aug 2024

IPO Details

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. 

Parent Organisation

-

Founded

2005

Managing Director

Nilesh Kumar Sharma

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. 

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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