QVC Exports Ltd IPO
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QVC Exports Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 27.98 L | ₹ 7.49 L | ₹ 13.28 L | ₹ 84.01 L | NSE | TBA |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
21 Aug, 24 | 23 Aug, 24 | 1600 | TBA | Fixed Price - SME | 28 Aug, 24 |
QVC Exports Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Trading |
Sub Sector | NA |
Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 0 |
NII | 2.36x | 1329600 | 3139200 |
Retail | 14.45x | 1328000 | 19188800 |
Employee | 0x | 0 | 0 |
Total | 7.98x | 2798400 | 22328000 |
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) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 2.35 | 1.14 | 0.75 |
EBITDA | 2.46 | 1.24 | 0.86 |
PAT | 1.71 | 0.74 | 0.47 |
Total Assets | 41.65 | 28.08 | 23.83 |
Share Capital | 4.20 | 4.59 | 0.77 |
Total Borrowings | 51.64 | 27.79 | 27.64 |
Operating Activities (Net Cash) | 1.82 | 0.84 | 0.58 |
Investing Activities (Net Cash) | 0.61 | 1.26 | 1.26 |
Financing Activities (Net Cash) | 51.64 | 27.79 | 27.64 |
Net Cashflow | 3.24 | 0.81 | 0.89 |
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:
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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.