QVC Exports IPO is a fixed price issue worth Rs 24.07 crores. It comprises a fresh issue of 20.5 lakh shares totaling Rs 17.63 crores, along with an offer for sale of 7.49 lakh shares amounting to Rs 6.44 crores.
The QVC Exports IPO will be open for subscription from August 21 to August 23, 2024. The allotment is expected to be finalized on Monday, August 26, 2024, and the shares will be listed on the NSE SME, with a tentative listing date set for Wednesday, August 28, 2024.
The IPO price is set at ₹86 per share, with a minimum application lot size of 1,600 shares. Retail investors will need to invest a minimum of ₹137,600, while HNI investors must invest in a minimum of 2 lots (3,200 shares) totaling ₹275,200.
Below are the details of QVC Exports Limited IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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QVC Exports Limited IPO Details
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,798,400 shares (aggregating up to ₹24.07 Cr) |
| Fresh Issue | 2,049,600 shares (aggregating up to ₹17.63 Cr) |
| Offer for Sale | 748,800 shares of ₹10 (aggregating up to ₹6.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,401,692 |
| Share holding post issue | 10,451,692 |
| Market Maker portion | 140,800 shares |
QVC Exports Limited IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
QVC Exports Limited IPO Timeline
| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
QVC Exports Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
QVC Exports Limited IPO Promoter Holdings
The Promoters of the company are Nilesh Kumar Sharma, Madhu Sharma, Priti Sharma, Matashree Mercantile Private Limited and Unity Vyapaar Private Limited.
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.22% |
QVC Exports Limited IPO Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 9,386.23 | 6,489.81 | 5,461.44 | |||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||
QVC Exports Limited IPO Review
The firm was established in August 2005, specializes in trading ferroalloys, including high-carbon and low-carbon silico manganese, ferro manganese, ferro chrome, and ferro silicon. As of March 31, 2024, the company generated 82.95% of its revenue through exports, demonstrating its strong presence in international markets. By January 31, 2024, QVC Exports had extended its reach to several countries, including Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman.
The company adheres to stringent management standards, holding certifications in ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. As of August 6, 2024, QVC Exports employs 15 individuals.
QVC Exports Limited is gearing up for its Initial Public Offering (IPO), set to open for subscription from August 21 to August 23, 2024. The IPO will comprise a fixed-price issue of ₹24.07 crores, including a fresh issue of 20.5 lakh shares amounting to ₹17.63 crores and an offer for sale of 7.49 lakh shares totaling ₹6.44 crores. The IPO price is set at ₹86 per share, with a minimum lot size of 1600 shares. Retail investors can participate with a minimum investment of ₹137,600, while High Net Worth Individuals (HNIs) will need to invest in at least two lots, equating to ₹275,200. The shares are expected to be listed on the NSE SME platform on August 28, 2024.
The company’s financial growth has been noteworthy, with its revenue and profit after tax (PAT) seeing significant increases in recent years. Despite these positive indicators, potential investors should consider that the IPO pricing appears somewhat aggressive, and it may be more suitable for those willing to hold their investment for the medium to long term.
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FAQs Related to QVC Exports IPO
Q. What is the QVC Exports IPO price?
The QVC Exports IPO is priced at ₹86 per share. The IPO includes both a fresh issue of shares and an offer for sale, making it an attractive option for investors looking for a diversified investment opportunity.
Q. When is the QVC Exports IPO opening and closing date?
The QVC Exports IPO will open for subscription on August 21, 2024, and close on August 23, 2024. Investors should be aware of these dates to ensure they don’t miss the opportunity to participate.
Q. What is the minimum investment required for QVC Exports IPO?
Retail investors need to invest a minimum of ₹137,600 for one lot, which consists of 1,600 shares. For High Net Worth Individuals (HNIs), the minimum investment is two lots, amounting to ₹275,200.
Q. On which exchange will QVC Exports IPO be listed?
The IPO will be listed on the NSE SME (Small and Medium Enterprises) platform. The tentative listing date is August 28, 2024.
Q. What are the key markets for QVC Exports’ products?
As of January 2024, QVC Exports has exported its ferroalloys to multiple countries, including Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman. These international markets are a significant contributor to the company’s revenue.
Q. What are the certifications held by QVC Exports Limited?
QVC Exports Limited is certified with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, ensuring compliance with international quality, environmental, and occupational health and safety standards.