QVC Exports is scheduled to commence its initial public offering (IPO) at a fixed price of ₹24.07 crores. The new issue of 20.5 lakh shares, which will raise ₹17.63 crores, and the sale of 7.49 lakh shares, which will raise ₹6.44 crores, are the two components of this offering.
August 21, 2024 is the opening date for the QVC Exports Limited IPO subscription window, which ends on August 23, 2024. It is expected that the shares will be allotted on Monday, August 26, 2024. On Wednesday, August 28, 2024, the shares are anticipated to be launched on the NSE SME after that.
QVC Exports IPO Details
| IPO Open Date | August 21, 2024 |
| IPO Close Date | August 23, 2024 |
| Listing Date | Wednesday, August 28, 2024 |
| Face Value | ₹10 per share |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,798,400 shares
(aggregating up to ₹24.07 Cr) |
| Fresh Issue | 2,049,600 shares
(aggregating up to ₹17.63 Cr) |
| Offer for Sale | 748,800 shares of ₹10 (aggregating up to ₹6.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
QVC Exports Financials
| FY 2024 | |
| Revenue | 445.99 cr. |
| Expenses | 443.91 cr. |
| Net income | 3.93 cr. |
| EPS | 7.20 |
| PE ratio | 11.94 |
| RONW (%) | 17.75 |
| NAV | 40.56 |
| ROCE (%) | 34.22 |
| EBITDA (%) | 2.63 |
| Debt/Equity | 1.46 |
How to apply QVC Exports IPO?
- You can use the ASBA that is linked to your bank account to apply for QVC Exports IPO. Just choose the QVC Exports IPO under the Invest area of the online bank login and apply using your bank account.
- The alternative is to apply for QVC Exports IPO by downloading the IPO forms from the NSE website. View the QVC Exports forms by clicking on the NSE IPO Forms link, filling them out and sending them to your broker or bank.
About QVC Exports Limited
QVC Exports Limited was established in August 2005 and engages in the trading of ferroalloys, including ferro silicon, high-carbon ferro manganese, low-carbon ferro manganese, and high-carbon ferro chrome. 82.95% of the company’s revenue as of March 31, 2024, came from its export business.
As of January 31, 2024, the company was exporting to a number of nations, including Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman. It has also exported to Japan, Bangladesh, Vietnam, Thailand, and Afghanistan.
The Indian government rates QVC Exports as a two-star export house, and the company has won numerous awards for its dedication to excellence and quality. The business specializes on manufacturing a variety of steel products, such as ferroalloys, which are necessary for the processes involved in making steel.
