QVC Exports is launching its IPO, a fixed price issue amounting to ₹24.07 crores. The IPO consists of a fresh issue of 20.5 lakh shares totaling ₹17.63 crores, along with an offer for sale of 7.49 lakh shares amounting to ₹6.44 crores. The IPO will be open for subscription from August 21, 2024, to August 23, 2024.
The allotment of shares is expected to be finalized by Monday, August 26, 2024, with the listing on NSE SME tentatively set for Wednesday, August 28, 2024. The IPO is priced at ₹86 per share, with a minimum lot size of 1600 shares, requiring a minimum investment of ₹137,600 for retail investors. For High Net-worth Individuals (HNIs), the minimum lot size is 2 lots, equivalent to 3,200 shares, necessitating an investment of ₹275,200.
| IPO Date | August 21, 2024 to 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 |
| Shareholding pre-issue | 8,401,692 |
| Shareholding post issue | 10,451,692 |
| Market Maker portion | 140,800 shares |
QVC Exports IPO Timeline
| 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 |
About QVC Exports Limited
QVC Exports Ltd., established in August 2005, has emerged as a significant entity in the metals and minerals sector, particularly renowned for its expertise in trading ferroalloys such as high-carbon silico manganese, low-carbon silico manganese, high-carbon ferromanganese, high-carbon ferrochrome, and ferrosilicon. Based in Kolkata, West Bengal, India, the company has made substantial strides over the years, establishing itself as a key supplier to the steel industry and foundries.
The company’s dedication to excellence has not gone unnoticed, earning it recognition as a two-star export house by the Government of India. QVC Exports Ltd. has also been the recipient of several prestigious awards, a testament to its commitment to quality and industry leadership. Moreover, the company adheres to the highest management system standards, complying with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
QVC Exports IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
Read More: Forcas Studio IPO Price, Date, GMP, Allotment, Listing 2024
QVC Exports Limited Financial Information
Here’s the financial data in a table format with amounts in INR lakhs:
| Particulars | 6 Months Ended on 30/09/23 | For the Year Ended on 31/03/23 | For the Year Ended on 31/03/22 | For the Year Ended on 31/03/21 |
|---|---|---|---|---|
| Income | ||||
| Revenue from Operations | 28,813.14 | 20,724.19 | 12,310.14 | 7,183.13 |
| Other Income | 414.55 | 746.95 | 472.36 | 1,984.90 |
| Total Revenue | 29,227.69 | 21,471.14 | 12,782.50 | 9,168.03 |
| Expenditure | ||||
| Purchase of Traded Goods | 27,564.00 | 18,610.49 | 10,667.09 | 6,762.00 |
| Change in Inventories | (844.00) | 421.31 | (166.58) | – |
| Employee Benefit Expenses | 37.60 | 69.84 | 93.84 | 76.69 |
| Other Expenses | 1,755.24 | 1,928.31 | 1,954.13 | 2,085.23 |
| Total Expenses | 28,512.84 | 21,029.95 | 12,548.48 | 8,923.92 |
| Profit Before Interest, Depreciation, and Tax | 714.85 | 441.19 | 234.02 | 244.11 |
| Depreciation & Amortisation Expenses | 10.47 | 11.16 | 9.86 | 11.69 |
| Profit Before Interest and Tax | 704.38 | 430.03 | 224.16 | 232.42 |
| Financial Charges | 242.02 | 206.55 | 99.28 | 127.88 |
| Profit Before Taxation | 462.36 | 223.48 | 124.88 | 104.54 |
| Provision for Taxation | 130.00 | 47.70 | 41.68 | 23.85 |
| Provision for Deferred Tax | 2.58 | 4.30 | (7.34) | 0.92 |
| Total Tax | 132.58 | 52.00 | 34.34 | 24.77 |
| Profit After Tax but Before Extraordinary Items | 329.78 | 171.48 | 90.54 | 79.77 |
| Extraordinary Items | – | – | – | – |
| Share of Profit of Associates | 181.34 | 58.84 | 32.88 | 3.48 |
| Profit Attributable to Minority Shareholders | – | – | 0.03 | 0.04 |
| Net Profit After Adjustments | 511.12 | 230.32 | 123.39 | 83.21 |
| Net Profit Transferred to Balance Sheet | 511.12 | 230.32 | 123.39 | 83.21 |
| Basic & Diluted Earnings Per Equity Share of Rs.10/- Each | 7.85 | 4.08 | 1.97 | 10.42 |
| Basic & Diluted Earnings Per Equity Share of Rs.10/- Each (Post Bonus after Restated Period with Retrospective Effect) | 3.93 | 2.04 | 1.03 | 1.61 |
QVC Exports IPO Allotment Status
To check whether you have been allotted shares in the QVC Exports Ltd. IPO, follow these steps:
- Visit the Link Intime (registrar’s) IPO allotment page: Access the page using the provided link.
- Select the issuer company name: From the drop-down menu, choose “QVC Exports Ltd.”
- Enter your details: You can choose to enter either your PAN number, IPO Application number, or DP client ID/Demat account number.
- Input the required information: Enter the relevant details based on the option you selected.
- Tap on the ‘Search’ option: Click on the “Search” button to view your allotment status.
- View the results: The screen will display the number of shares you applied for and the number of shares allotted to you.
This process will help you quickly determine whether you have received an allotment in the QVC Exports Ltd. IPO.