QVC Exports IPO Subscription Status

QVC Exports IPO - Day 3 Subscription at 89.59 Times

QVC Exports IPO closed on 23rd August, 2024. Shares of the company are likely to be listed on 28th August, 2024 and will make a trading debut on the BSE NSE SME Platform.

On 23rd August 2024, QVC Exports IPO received bids for 23,57,600 shares, much more than the 26,57,600 shares available. This means that by the end of day 3, QVC Exports IPO was oversubscribed by 89.59 times.
 

Here are the subscription details for QVC Exports IPO as of Day 3 (23rd August 2024 at 12:08:00 PM):

The QVC Exports IPO saw robust demand, primarily driven by Retail Investors, who showed significant interest throughout the subscription period. High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) also contributed notably to the overall subscription, reflecting strong confidence in the offering. The Qualified Institutional Buyers (QIBs), typically large institutional investors such as mutual funds and insurance companies, showed minimal interest initially, which is not uncommon as they often increase their participation in the final hours of the IPO. 

The overall subscription figures highlight the dominant role of retail and HNI/NII investors in driving the IPO's success, with the Market Maker fulfilling its commitment as expected. The figures provided do not account for the anchor portion or the market-making segment, focusing solely on the main investor categories.
 

Subscription Status of Ideal Technoplast Industries IPO for Days 1,2 and 3:

On day 1, QVC Exports IPO was subscribed 8.61 times. By the end of day 2, the subscription status has risen to 30.18 times and on day 3, it reached 89.59 times.
 

Here are the complete subscription details for the QVC Exports IPO by category as of Day 3 (23rd August, 2024 at 12:08:00 PM):

QVC Exports IPO received a varied response from different investor categories. The Market Maker subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 0.00 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 41.33 times, and Retail Investors at 137.80 times. Overall, QVC Exports IPO was subscribed by 89.59 times.

QVC Exports IPO - Day 2 Subscription at 29.35 Times

At the end of Day 2, QVC Exports IPO subscribed 29.35 times. The public issue subscribed 50.41 times in the retail category, 0.00 times in QIB, and 8.26 times in the NII category on 22nd August, 2024  

Here are the subscription details for QVC Exports IPO as of Day 2  (22nd August 2024 at 4:59:59 PM):

The QVC Exports IPO witnessed a strong response, primarily fueled by retail investors, who demonstrated significant interest in the offering. High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) also contributed notably to the overall subscription, reflecting robust demand from these segments. While Qualified Institutional Buyers (QIBs), typically large entities like mutual funds and insurance companies, showed limited interest during the subscription period, the retail and HNI/NII categories drove the IPO's success. 

It's common for QIBs and HNIs/NIIs to increase their participation in the final hours of the last day, but in this case, their involvement remained more conservative. The market-making portion saw stable participation, ensuring a balanced overall subscription. It's important to note that these figures exclude any anchor portion or the market-making segment of the IPO.
 

Here are the complete subscription details for the Orient Technologies IPO as of Day 2(22nd August, 2024 at 5:09:09 PM):

On day 1, QVC Exports IPO was subscribed 8.31 times. By day 2, the subscription status had risen to 29.35 times. The final status will be clear after the end of day 3. QVC Exports IPO received a varied response from different investor categories. The Market Maker subscribed at 1 time each. Qualified Institutional Buyers (QIBs) subscribed at 0.00 times, High Net-Worth Individuals (HNIs) and Non-Institutional Investors (NIIs) at 8.26 times, and Retail Investors at 250.41 times. Overall, QVC Exports IPO was subscribed by 29.35 times.

QVC Exports IPO - Day-1 Subscription at 8.31 Times

QVC Exports IPO will close on 23rd August, 2024. Shares of QVC Exports are likely to be listed on 28th August and will make their trading debut on the NSE SME platform.

On August 21st, 2024, the QVC Exports IPO received bids for 2,20,72,000 shares, much more than the 26,57,600 shares available. This means that by the end of Day 1, the IPO had been oversubscribed 8.31 times.

Here are the subscription details for QVC Exports IPO as of Day 1 (21st August, 2024 at 5:00:02 PM):

QVC Exports IPO saw significant interest, particularly from Retail investors, who were the primary drivers of the subscription, followed by contributions from HNI/NII investors. While Qualified Institutional Buyers (QIBs) typically enter in the final hours, their participation was absent in this IPO. The overall strong subscription rates highlight the market's confidence in the company's potential, with Retail investors leading the charge and HNIs/NIIs showing notable interest. The final subscription figures reflect the enthusiasm across these investor categories, even though the numbers do not account for any anchor portions or market-making segments of the IPO.

Subscription Details by Category as of Day 1 (21st August, 2024 at 5:00:02 PM):

On day 1, the QVC Exports IPO was subscribed 8.31 times. Qualified Institutional Buyers (QIBs) did not show any subscriptions, with a rate of 0.00 times. The HNIs / NIIs portion subscribed 2.29 times, while Retail Investors subscribed 14.31 times. Overall, the IPO was subscribed 8.31 times.

About QVC Exports Limited

QVC Exports Limited was established in August 2005 and trades ferroalloys, including ferro silicon, high-carbon ferromanganese, low-carbon ferro manganese, and high-carbon ferro chrome. 82.95% of the company's revenue as of March 31, 2024, came from its export business.

As of January 31, 2024, the company exported to some nations, including Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman. It has also been exported to Japan, Bangladesh, Vietnam, Thailand, and Afghanistan.

The organisation adheres to the ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 management system standards. As of August 6, 2024, the company had 15 employees.
 

Highlights of the QVC Exports IPO

• IPO price band: ₹86 per share.
• Minimum application lot size: 1600 shares.
• Minimum investment for retail investors: ₹137,600.
• Minimum investment for High Net-worth Investors (HNI): 2 lots (3,200 shares), ₹275,200.
• Registrar: Cameo Corporate Services Ltd.