Fixed Price IPO | ₹24 Cr | Listed at NSE SME | Wed, Aug 21, 2024 - Fri, Aug 23, 2024
QVC Exports IPO is a fixed price issue of ₹24.07 crores. The issue is a combination of fresh issue of 0.20 crore shares aggregating to ₹17.63 crores and offer for sale of 0.07 crore shares aggregating to ₹6.44 crores.
QVC Exports IPO bidding started from Aug 21, 2024 and ended on Aug 23, 2024. The allotment for QVC Exports IPO was finalized on Aug 26, 2024. The shares got listed on NSE SME on Aug 28, 2024.
QVC Exports IPO price is ₹86 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,37,600 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,75,200.
Khandwala Securities Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to QVC Exports IPO RHP for detailed Information.
IPO Open
Wed, Aug 21, 2024
IPO Close
Fri, Aug 23, 2024
Issue Price
₹86 per share
Market Cap (Pre-IPO)
₹89.88 Cr
| IPO Date | 21 to 23 Aug, 2024 |
| Listed on | Wed, Aug 28, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,98,400 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 1,40,800 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 19,08,800 shares (agg. up to ₹16 Cr) |
| Offer for Sale | 7,48,800 shares of ₹10 (agg. up to ₹6 Cr) |
| Net Offered to Public | 26,57,600 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 84,01,692 shares |
| Share Holding Post Issue | 1,04,51,692 shares |
| NSE Symbol | QVCEL |
| ISIN | INE0KZF01015 |
QVC Exports IPO comprises a total issue size of 27,98,400 shares. The net offer to the public is 26,57,600 shares, after excluding 1,40,800 shares allotted on a firm basis. Of the Net offer 13,28,000 (49.97%) allocated to NII 13,29,600 (50.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,28,000 | 49.97% | 47.46% |
| Retail Shares Offered | 13,29,600 | 50.03% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,800 | 5.03% | |
| Total Shares Offered | 27,98,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 93.86 | 64.90 | 54.61 |
| Total Income | 454.63 | 214.71 | 127.83 |
| Profit After Tax | 3.93 | 1.71 | 0.91 |
| NET Worth | 34.08 | 28.03 | 26.68 |
| Reserves and Surplus | 25.68 | 23.83 | 22.09 |
| Total Borrowing | 49.82 | 32.28 | 21.59 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To repay the unsecured loans taken by the Company | 1.09 |
| 2 | To meet working capital requirement | 9.00 |
| 3 | General Corporate Purposes | 4.74 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 7.20% |
| ROCE | 34.22% |
| Debt/Equity | 1.46 |
| RoNW | 17.75% |
| PAT Margin | 1.33% |
| Price to Book Value | 2.12 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.67 | 3.76 |
| P/E (x) | 18.4 | 22.89 |
| Promoter Holding | 99.98% | 73.22% |
| Market Cap | ₹89.88 Cr. |
The QVC Exports IPO is subscribed 535 times on August 23, 2024 6:20:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 596.57 | 13,28,000 | 79,22,41,600 |
| Retail | 418.64 | 13,29,600 | 55,66,24,000 |
| Total | 535 | 26,57,600 | 1,42,18,12,800 |
Total Application : 3,47,890
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the LM and commissions (including underwriting commission, brokerage and selling commission) | 1.14 |
| 2 | Fees payable for Marketing and advertisement, Brokerage and Selling commission | 1.06 |
| 3 | Selling Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Applications made by RIIs. Brokerage, underwriting commission and selling commission and applying charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs ((2)(3)(4)(5)(6) | 0.20 |
| 4 | Fees payable to the Registrar of the Offer | 0.08 |
| 5 | Other Expenses | |
| 6 | a. Listing fees, SEBI fees, Stock Exchange processing fees, ASBA software fees, and other regulatory expenses | 0.05 |
| 7 | b. Printing and distribution of Offer Stationery | 0.02 |
| 8 | d. Fees payable to the Legal Advisor to the Offer | 0.05 |
| 9 | e. Miscellaneous | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹161.00 |
| Low | ₹152.95 |
| High | ₹162.00 |
| Last Trade | ₹152.95 |
Lead Manager Reports
QVC Exports IPO is a SME IPO of 27,98,400 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Aug 21, 2024, and closes on Fri, Aug 23, 2024.
Cameo Corporate Services Ltd. 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 Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024.
QVC Exports IPO lot size is 1600, and the minimum amount required for application is ₹1,37,600.
You can apply in QVC Exports IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tue, Aug 27, 2024. Check the QVC Exports IPO allotment status.
The QVC Exports IPO listing date is on Wed, Aug 28, 2024.
