Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹86.00 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). The minimum lot size investment for 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 Date | August 21, 2024 to August 23, 2024 |
| Listing Date | August 28, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 27,98,400 shares (aggregating up to ₹24.07 Cr) |
| Reserved for Market Maker | 1,40,800 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹1.21 Cr) |
| Fresh Issue (Ex Market Maker) | 19,08,800 shares (aggregating up to ₹16.42 Cr) |
| Offer for Sale | 7,48,800 shares of ₹10 (aggregating up to ₹6.44 Cr) |
| Net Offered to Public | 26,57,600 shares (aggregating up to ₹22.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 84,01,692 shares |
| Share Holding Post Issue | 1,04,51,692 shares |
QVC Exports IPO offers total 27,98,400 shares. Out of which 13,28,000 (47.46%) allocated to NII, 13,29,600 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,40,800 (5.03%) |
| NII (HNI) Shares Offered | 13,28,000 (47.46%) |
| Retail Shares Offered | 13,29,600 (47.51%) |
| Total Shares Offered | 27,98,400 (100.00%) |
QVC Exports IPO opens on August 21, 2024, and closes on August 23, 2024.
| IPO Open Date | Wed, Aug 21, 2024 |
| IPO Close Date | Fri, Aug 23, 2024 |
| Tentative Allotment | Mon, Aug 26, 2024 |
| Initiation of Refunds | Tue, Aug 27, 2024 |
| Credit of Shares to Demat | Tue, Aug 27, 2024 |
| Tentative Listing Date | Wed, Aug 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 23, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
QVC Exports Limited's revenue increased by 112% and profit after tax (PAT) rose by 129% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,386.23 | 6,489.81 | 5,461.44 |
| Total Income | 45,462.68 | 21,471.14 | 12,782.5 |
| Profit After Tax | 392.76 | 171.48 | 90.54 |
| Net Worth | 3,407.9 | 2,802.99 | 2,668.09 |
| Reserves and Surplus | 2,567.73 | 2,382.91 | 2,208.79 |
| Total Borrowing | 4,981.73 | 3,227.57 | 2,159.43 |
| Amount in ₹ Lakhs | |||
The market capitalization of QVC Exports IPO is ₹89.88 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 4.67 | 3.76 |
| P/E (x) | 18.4 | 22.89 |
The Objects of the Issue are:
To repay the unsecured loans taken by the Company
To meet working capital requirement
General Corporate Purposes
[Dilip Davda] The company is basically a dealer/trader in ferro alloy and steel manufacturing materials. It posted growth in top and bottom lines for the reported periods. The sudden boost in top and bottom lines for FY24 raise eyebrows. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for medium to long term. Read detail review...
| Listing Date | August 28, 2024 |
| BSE Script Code | |
| NSE Symbol | QVCEL |
| ISIN | INE0KZF01015 |
| Final Issue Price | ₹86 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹161.00 |
| Low | ₹152.95 |
| High | ₹162.00 |
| Last Trade | ₹152.95 |
QVC Exports Ltd.
6 th Floor, South City Business Park 770
EM Bypass, Anandapur, Adarsha Nagar,
E.K.T, Kolkata- 700107
Kolkata, West Bengal
Phone: +91 3324197677
Email: office@qvcgroup.com
Website: http://www.qvcgroup.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
QVC Exports IPO is a SME IPO of 27,98,400 equity shares of the face value of ₹10 aggregating up to ₹24.07 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on August 21, 2024, and closes on August 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 August 21, 2024 and closes on August 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 Tuesday, August 27, 2024. Check the QVC Exports IPO allotment status.
The QVC Exports IPO listing date is on Wednesday, August 28, 2024.
Useful Articles
RHP