The issue is a combination of fresh issue of 20.5 lakh shares aggregating to Rs 17.63 crores and offer for sale of 7.49 lakh shares aggregating to Rs 6.44 crores. QVC Exports IPO is a fixed price issue of Rs 24.07 crores.
QVC Exports IPO opens for subscription on August 21, 2024 and closes on August 23, 2024. The allotment for the QVC Exports IPO is expected to be finalized on Monday, August 26, 2024. QVC Exports IPO will list on NSE SME with tentative listing date fixed as Wednesday, August 28, 2024.
QVC Exports IPO price is ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Khandwala Securities Limited is the book running lead manager of the QVC Exports IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for QVC Exports IPO is Aftertrade Broking.
About QVC Exports Limited
Founded in August 2005, QVC Exports Limited is involved in the trade of ferroalloys, such as high-carbon silico manganese, low-carbon silico manganese, high-carbon ferro manganese, high-carbon ferro chrome, and ferro silicon.
As of March 31, 2024, 82.95% of the company’s revenue was generated from its export operations.
As of January 31, 2024, the company has exported its products to various countries, including but not limited to Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, United Kingdom, Belgium, and Oman.
The company complies with management system standards as set out in ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
As of August 6, 2024, the company has 15 employees on its payroll.
Refer to QVC Exports IPO RHP for detailed information.
QVC Exports IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
QVC Exports IPO Timeline (Tentative Schedule)
QVC Exports IPO opens on August 21, 2024, and closes on August 23, 2024.| IPO Open Date | Wednesday, August 21, 2024 |
| IPO Close Date | Friday, August 23, 2024 |
| Basis of Allotment | Monday, August 26, 2024 |
| Initiation of Refunds | Tuesday, August 27, 2024 |
| Credit of Shares to Demat | Tuesday, August 27, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2024 |
QVC Exports IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
QVC Exports Limited Financial Information (Restated Consolidated)
QVC Exports Limited's revenue increased by 112% and profit after tax (PAT) rose by 129% between the financial year ending with March 31, 2024 and March 31, 2023.| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 9,386.23 | 6,489.81 | 5,461.44 |
| Revenue | 45,462.68 | 21,471.14 | 12,782.5 |
| Profit After Tax | 392.76 | 171.48 | 90.54 |
| Net Worth | 3,407.9 | 2,802.99 | 2,668.09 |
| Reserves and Surplus | 2,567.73 | 2,382.91 | 2,208.79 |
| Total Borrowing | 4,981.73 | 3,227.57 | 2,159.43 |
Key Performance Indicator
The market capitalization of QVC Exports IPO is Rs 89.88 Cr.KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 7.20% |
| ROCE | 34.22% |
| Debt/Equity | 1.46 |
| RoNW | 17.75% |
| P/BV | 2.12 |
| PAT Margin (%) | 1.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.67 | 3.76 |
| P/E (x) | 18.4 | 22.89 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
Objects of the Issue (QVC Exports IPO Objectives)
The Objects of the Issue are:
To repay the unsecured loans taken by the Company
To meet working capital requirement
General Corporate Purposes
QVC Exports Limited Contact Details
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/
