/sme-ipo/qvc-exports-ltd-ipo

QVC Exports Ltd IPO

  • Status: Closed
  • RHP:
  • - / - shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    28 Aug 2024

  • Listing Price

    ₹ 161.00

  • Listing Change

    87.21%

  • Last Traded Price

    ₹ 96.50

IPO Details

  • Open Date

    21 Aug 2024

  • Close Date

    23 Aug 2024

  • IPO Price Range

    ₹ 86

  • IPO Size

    ₹ 24.07 Cr

  • Listing Exchange

    TBA

  • Listing Date

    28 Aug 2024

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QVC Exports Ltd IPO Subscription Status

Last Updated: 23rd August 2024, 12:19 PM by 5paisa

QVC Exports IPO is set to open on 21 August 2024 and will close on 23 August 2024. The company  specializes in the trade of ferroalloys.

The IPO includes a fresh issue of 20,49,600 shares aggregating up to ₹17.63 Cr and it also includes an offer for sale of 7,48,800 shares aggregating up to ₹6.44 Cr. The price is ₹86 per share and the lot size is 1600 shares. 

The allotment is scheduled to be finalized on 26 August 2024. It will go public on NSE SME, with a tentative listing date of 28 August 2024.

Khandwala Securities Ltd is the book-running lead manager, while Cameo Corporate Services Ltd is the registrar. 



 

QVC Exports IPO Size

Types Size (₹Cr)
Total IPO size 24.07
Offer for sale 17.63
Fresh issue 6.44

QVC Exports IPO Lot Size

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

QVC Exports Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
NII (HNI) 53.62 13,28,000 7,12,11,200 612.42
Retail 153.65 13,29,600 20,42,94,400 1,756.93
Total 103.67 26,57,600 27,55,08,800 2,369.38

Strengths

1. With 82.95% of revenue derived from export operations, the company has a strong global presence.
2. Specializing in a range of ferroalloys, QVC Exports Limited caters to various industrial needs, enhancing market resilience.
3. Adherence to ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications reflects strong quality.
4. The company has almost two decades of experience, giving it a competitive edge in the market.
 

Risks

1. With the majority of revenue generated from exports, the company is vulnerable to global trade fluctuations.
2. With only 15 employees as of August 2024, the company may face operational challenges in scaling or handling large orders.
3. The ferroalloy industry is sensitive to fluctuations in raw material prices, which can impact profitability.
4. Being involved in heavy industries, the company is subject to strict regulations, and any changes could pose compliance challenges.
 

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FAQs

QVC Exports IPO opens from 21st August to 23rd August 2024.

The size of QVC Exports IPO is ₹24.07 Cr.

The price of QVC Exports IPO is fixed at ₹86 per share. 

To apply for QVC Exports IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the QVC Exports IPO.    
●    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.

The minimum lot size of QVC Exports IPO is 1,600 shares and the investment required is ₹1,37,600.
 

The share allotment date of QVC Exports IPO is 26th August 2024

The QVC Exports IPO will be listed on 28th August 2024.

Khandwala Securities Ltd is the book-running lead manager for QVC Exports IPO.

QVC Exports plans to utilize the raised capital from the IPO for:

To repay the unsecured loans.
To meet working capital requirements.
General Corporate Purposes.