QVC Exports Ltd IPO

QVC Exports Limited is engaged in the business of dealing in ferro alloys, including but not limited to high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome and ferro silicon. The Company also engaged in dealing of raw materials for manufacturing of steel. The Company has devised a unique business model, wherein it procures raw materials required for manufacturers of ferro alloys, such as, manganese ore, chrome ore, coke, and purchase its finished products, being varied categories of ferro alloys and further sell it to domestic and international steel manufacturers. The Company has created a unique inward and outward model, wherein it procures raw materials for a manufacturer and further sell the finished products of the same manufacturer, thereby creating a wide and reliable customer and supplier base and ability of serving manufacturers at different points of the steel supply chain.

Open Demat Account

50years

QVC Exports Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 27.98 L₹ 7.49 L₹ 13.28 L₹ 84.01 LNSETBA
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
21 Aug, 2423 Aug, 241600 TBA Fixed Price - SME28 Aug, 24

QVC Exports Ltd IPO Dates

  • 21 Aug 2024

    Opening date

  • 23 Aug 2024

    Closing date

  • 26 Aug 2024

    Basis of
    Allotment

  • 27 Aug 2024

    Initiation of
    Refunds

  • 27 Aug 2024

    Credit of
    Shares

  • 28 Aug 2024

    Listing date

Details

SectorType
SectorTrading
Sub SectorNA
Issue TypeFixed Price - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x00
NII2.36x13296003139200
Retail14.45x132800019188800
Employee0x00
Total7.98x279840022328000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

QVC Exports Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations207.24123.1071.83
EBITDA2.461.240.86
PAT1.710.740.47
Total Assets41.6528.0823.83
Share Capital4.204.590.77
Total Borrowings51.6427.7927.64
Operating Activities (Net Cash)1.820.840.58
Investing Activities (Net Cash)0.611.261.26
Financing Activities (Net Cash)51.6427.7927.64
Net Cashflow3.240.810.89

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About QVC Exports Ltd

QVC Exports Limited was incorporated on August 9, 2005 as a private limited company under the name and style of `QVC Exports Private Limited', under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, West Bengal at Kolkata. Further, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders in an Extraordinary General Meeting held on February 14, 2022 and consequently the name of the Company was changed to `QVC Exports Limited' and a fresh certificate of incorporation dated March 1, 2022 was issued by the Registrar of Companies, West Bengal at Kolkata.

Ferro-alloys are one of the important inputs in the manufacture of alloys and special steel. They impart special properties to steel. The alloys provide increased resistance to corrosion, improves hardness and tensile strength at high temperature, gives wear and abrasion resistance and increases creep strength, etc. The growth of Ferro-alloys Industry is, thus, linked with the development of the Iron and Steel Industry, Foundry Industry and to some extent Electrode Industry. The principal ferroalloys are chromium, manganese and silicon. The product series consists mainly of ferro-manganese, silico-manganese, ferro-silicon and ferro-chrome. Ferro-alloys are classified into two main categories, viz, bulk ferro-alloys and noble ferroalloys. Owing to high cost of power, Ferro-alloys Industry has not been operating to its full capacity in India. The Electricity cost accounts over 40 % to 70 % of total cost of production, depending on the Ferro Alloys produced.

QVC Exports Limited is engaged in the business of dealing in ferro alloys, including but not limited to high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome and ferro silicon. The Company also engaged in dealing of raw materials for manufacturing of steel. The Company has devised a unique business model, wherein it procures raw materials required for manufacturers of ferro alloys, such as, manganese ore, chrome ore, coke, and purchase its finished products, being varied categories of ferro alloys and further sell it to domestic and international steel manufacturers. The Company has created a unique inward and outward model, wherein it procures raw materials for a manufacturer and further sell the finished products of the same manufacturer, thereby creating a wide and reliable customer and supplier base and ability of serving manufacturers at different points of the steel supply chain.

Peer Comparison:

  • No Listed Industry Peers
  • No Listed Industry Peers

QVC Exports Ltd IPO Key Points

Strengths

  • Long Standing Relationship with key Customers & Suppliers.
  • Quality Assurance.
  • Wide range of Products.
  • Experienced Promoters and professional management team with technical expertise.

Risk

  • The Company, its Group Company, its Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, result of operations and financial conditions.
  • The Company has violated Provisions of the Section 19 of Companies Act, 2013 (Subsidiary Company not to Hold Shares in its Holding Company) for which the Statutory Authority may impose penalty on its Company in future.
  • Auditor qualifications which have not been given effect to in the Restated Consolidated financial statement.

Strategy

  • Augment its fund based capacities in order to scale up business operation.
  • Improving operational efficiencies.
  • Leveraging its Market skills and Relationships.
  • Enhance customer base by entering new geographies to establish long-term relationships.
  • Long Standing Relationship with key Customers & Suppliers.
  • Quality Assurance.
  • Wide range of Products.
  • Experienced Promoters and professional management team with technical expertise.

How To Apply for QVC Exports Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

QVC Exports Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 21, 2024 and ends on Aug 23, 2024.

The price of QVC Exports Ltd IPO ranges between NA to NA per share.

The QVC Exports Ltd IPO opens on Aug 21, 2024 and closes on Aug 23, 2024.

The allotment for the QVC Exports Ltd IPO will be finalised on Aug 26, 2024. The shares will be listed on BSE and NSE on Aug 28, 2024.

The minimum lot size for QVC Exports Ltd IPO is 1600 shares, priced between NA to NA per share.

The GMP (Grey Market Premium) of QVC Exports Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of QVC Exports Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The QVC Exports Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 21, 2024, and closes on Aug 23, 2024. The allotment is finalised on Aug 26, 2024.

To apply for the QVC Exports Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.