QVC Exports IPO Details
The QVC Exports IPO is a fixed price issue with a total issue size of ₹24.07 cr, comprising of fresh issue of 2049600 equity shares., and a offer for sale of 748800 equity shares. QVC Exports IPO opened for subscription on Aug 21, 2024 and closed on Aug 23, 2024. QVC Exports IPO has set the price at ₹86 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹275,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Aug 26, 2024, and listed on the NSE on Aug 28, 2024.
Cameo Corporate Services Limited has been appointed as the registrar. Khandwala Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the QVC Exports IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 86 – 86
- Lot Size
- 1600
- Issue Size
- ₹24.07 Cr
- Minimum Investment
- ₹275200 (3200 Shares)
- Listing Date
- 28 August 2024
Current GMP
₹90 (+104.65%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About QVC Exports Limited
QVC Exports 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. They also engaged in dealing in raw materials for the manufacturing of steel. They have devised a unique business model, wherein they procure raw materials required for manufacturers of ferro alloys, such as manganese ore, chrome ore, and coke, and purchase their finished products, being varied categories of ferro alloys and further sell it to domestic and international steel manufacturers. They have created a unique inward and outward model, wherein they procure 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 the ability to serve manufacturers at different points of the steel supply chain. As of March 31, 2024, 82.95% of their revenue from operations was earned from their export operations. Further, as of January 31, 2024, they export their products to various countries, including but not limited to Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, United Kingdom, Belgium, Oman, etc. They import manganese ore, and manganese ore lumps from reputed miners and manufacturers in Hong Kong and France.
A majority of their revenue from operations is earned from exporting their products to reputed steel manufacturers in various countries. They are also a supplier of ferro alloys for a lot of reputed Indian manufacturers and therefore to maintain such clientele, they are bound to ensure that the products procured by them are of utmost quality and are compliant with the quality requirements of their customers. They deploy independent inspection agencies such as Bureau Veritas, IRA, SGS, etc. They also follow up with our customers to ensure that the products supplied to them are of utmost quality.
QVC Exports IPO Promoters
- Nilesh Kumar Sharma
- Madhu Sharma
- Priti Sharma
- Matashree Mercantile Private Limited
- Unity Vyapaar Private Limited
Promoters Holding
Holding Pre Issue
99.98%
Holding Post Issue
73.22%
QVC Exports IPO Objective
- To repay the unsecured loans taken by the Company
- To meet working capital requirement
- General Corporate Purposes
Address / Contact Info
QVC Exports Limited
6 th Floor, South City Business Park 770
EM Bypass, Anandapur, Adarsha Nagar,
E.K.T, Kolkata- 700107
Phone: +91 3324197677
Email: office@qvcgroup.com
Website: http://www.qvcgroup.com
IPO Snapshot
Book Running Lead Managers
- Khandwala Securities Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
QVC Exports IPO is a Fixed price IPO with a total issue size of ₹24.07 crore. The QVC Exports IPO price band is ₹86 to 86 per share. The QVC Exports IPO subscription opens on Wed, Aug 21, 2024, and closes on Fri, Aug 23, 2024. The QVC Exports IPO will be listed on the NSE. Cameo Corporate Services Limited is the registrar for the QVC Exports IPO.
The QVC Exports IPO opens on Wed, Aug 21, 2024 and closes on Fri, Aug 23, 2024
QVC Exports IPO Price Band is ₹86 to 86 per share.
QVC Exports IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹275200 based on the upper price band
The minimum investment for QVC Exports IPO is ₹275200, based on one lot of 1600 shares at the upper price band of ₹86 per share.
Investors can apply for the QVC Exports IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 23, 2024. The application amount remains blocked until the QVC Exports IPO allotment is finalized.
QVC Exports IPO issue size is ₹24.07 crores.
QVC Exports IPO allotment date is Wed, Jul 1, 2026.
The registrar for QVC Exports IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website to check QVC Exports IPO allotment status, refund processing, and other IPO-related information.
The QVC Exports IPO GMP (Grey Market Premium) is ₹90 as of Fri, Aug 23, 2024. Based on the upper price band of ₹86 per share, the estimated QVC Exports IPO listing price is ₹176, indicating a potential listing gain of approximately 0% over the issue price.