QVC Exports Limited was incorporated on August 9, 2005. The company is involved in the business of dealing in ferro alloys, such as high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome, and ferro silicon. It also deals in raw materials used in steel manufacturing.
| Bidding Dates |
|---|
| 21 Aug 2024 - 23 Aug 2024 |
| Subscription |
|---|
| 482.06x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,37,600 | 1 | 1 | 1600 | 2.8 M | ₹86 | 73.22 % | ₹240.7 M | RHP DOC |
QVC Exports IPO SUBSCRIPTION STATUS
23 Aug '24QVC Exports IPO overall subscription rate was 482.06 times the total available shares
QVC Exports IPO retail subscription rate was 397.82 times in the retail segment
QVC Exports IPO non-institutional investor subscription rate was 566.31 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Aug 2024 (Day 3) | 397.82x | 566.31x | - |
22 Aug 2024 (Day 2) | 47.93x | 7.94x | - |
21 Aug 2024 (Day 1) | 13.71x | 2.24x | - |
QVC Exports FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 60.5 | 4459.9 | 100.2 | 83.1 | 2.6% |
| FY23 | 23.0 | 2072.4 | 27.4 | -24.8 | 2.1% |
| FY22 | 12.3 | 1231.0 | 19.4 | 19.3 | 1.8% |
QVC Exports IPO SUBSCRIPTION STATUS DETAILS
QVC Exports had 2.8 M shares on offer
QVC Exports IPO offer price was ₹86
QVC Exports IPO minimum Investment was ₹137600
QVC Exports IPO issue size was ₹ 240.7 M
QVC Exports had a minimum lot size of 1600 Shares per application
QVC Exports NUMBER OF SHARES ON OFFER
QVC Exports IPO IMPORTANT DATES
| Issue Open Date | 21 Aug 2024 |
| Issue close Date | 23 Aug 2024 |
| Allotment Date | 26 Aug 2024 |
| Refund Date | 27 Aug 2024 |
| Demat Account Credit Date | 27 Aug 2024 |
| Listing Date | 28 Aug 2024 |
| Listing on Exchange(s) | NSE |
| QVC Exports Allotment Status | Exchange |
QVC Exports IPO subscription opened on 21 Aug 2024, and closed on 23 Aug 2024
IPO allotment for QVC Exports was finalized on Monday, 26 Aug 2024
IPO listing for QVC Exports was on NSE on Wednesday, 28 Aug 2024
QVC Exports IPO LISTING GAINS
| Issue Price (adjusted) | 86.0 |
| Listing Open Price | 161.0 |
| Listing Close Price | 152.9 |
| Listing Gain% | 87.2% |
| Current Gain% | -70.8% |
QVC Exports Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QVC Exports Ltd. | 25.1 | 26.2 | 7.9 | -0.1 | 0.1 | 5.5 | 2.5 | 447.9 | 22.5 | 3.3 | -58.1 | 3.2 | -58.1 |
| Adani Enterprises Ltd. | 3020 | 408730.2 | 54.9 | 3.3 | 3.7 | 11.5 | 3.6 | 102943.2 | 2.6 | 9339.5 | 31.6 | 55 | 16.7 |
| Redington Ltd. | 354.8 | 27741.3 | 16.3 | 4 | 0.2 | 14.7 | 4.4 | 119347.4 | 19.9 | 1490.2 | -7.1 | 21.8 | 4.1 |
| Lloyds Enterprises Ltd. | 83.5 | 12611.6 | 44.5 | 0.1 | 7.2 | 6.8 | 3.9 | 2183.7 | 39 | 283.4 | 396.5 | 1.9 | 396.5 |
| Swan Corp Ltd. | 308 | 9656 | 35.2 | -0.6 | 2.2 | 3.6 | 2 | 5143.5 | -25.3 | 274.1 | -63.7 | 8.7 | -63.7 |
| MMTC Ltd. | 64 | 9597 | 24.8 | 0.1 | 2814.4 | 18.3 | 13.8 | 180.6 | -31.3 | 387.4 | 347.2 | 2.6 | 347.2 |
QVC Exports INFORMATION ON IPO ISSUE
About QVC Exports
QVC Exports Limited was incorporated on August 9, 2005. The company is involved in the business of dealing in ferro alloys, such as high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome, and ferro silicon. It also deals in raw materials used in steel manufacturing.
Object of the Issue
- To repay the unsecured loans taken by the company
- To meet working capital requirement
- General Corporate Purposes
QVC Exports - PROMOTERS
| Name |
|---|
| Nilesh Kumar Sharma |
| Priti Sharma |
| Madhu Sharma |
| Matashree Mercantile Private Limited |
| Unity Vyapaar Private Limited |
QVC Exports Lead Manager of the Issue
Khandwala Securities Limited
ipo@kslindia.com
QVC Exports Registrar to the issue
Cameo Corporate Services Limited
ipo@cameoindia.com
QVC Exports Strengths
Relationship with key Customers & Suppliers
The company has long-standing relationships with key customers and suppliers. Its business and growth heavily depend on maintaining these client relationships. These connections have helped the company build a reputation as a trusted player in the refractory industry.
Wide range of Products
The company offers a wide variety of products, allowing it to reach more customers and serve a diverse range of clients.
Reduced warehousing, storage and overhead expenses
The company delivers products directly from its suppliers to customers to save on transportation costs and stay competitive in the market. It has strategically designed its business process to reduce expenses related to loading, unloading, warehouse rent, and maintenance.
QVC Exports Risks
Dependent on Steel Industry
The company depends on demand from the steel industry for a large part of its revenue. If the steel industry faces a downturn, or if the company is unable to increase or effectively manage sales, it could negatively affect its business and operational results.
Few Suppliers
The company primarily imports products from foreign markets. If they experience a significant increase in demand or need to replace an existing supplier, the unavailability or insufficient supply of products could have a serious negative impact on its business.
IPO FAQs
This IPO consists of an offer for sale of up to Rs 6.4 crore, of 748,800 shares. It also consists of a fresh issue of Rs 17.6 crore.
The promoters of the company are Nilesh Kumar Sharma, Priti Sharma, Madhu Sharma, Matashree Mercantile Private Limited and Unity Vyapaar Private Limited.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 86.0 - 86.0.
The IPO application opens on Aug 21, 2024 and closes on Aug 23, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 137,600.0, the maximum value for this IPO is Rs 137,600.0.
This IPO will be allotted on Aug 26, 2024.
The refund will be credited to your account on Aug 27, 2024.
The allotted shares will be credited to your demat on Aug 27, 2024.
QVC Exports Ltd.’s shares listed on the stock exchanges on Aug 28, 2024.