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20 Nov 2024
QVC Exports Limited IPO And Its GMP
QVC Exports Limited is engaged in the business of dealing in ferroalloys, including but not limited to high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome and ferrosilicon. They are also engaged in dealing in raw materials for the manufacturing of steel.
The company has devised a unique business model, wherein they procure raw materials required for manufacturers of ferroalloys, such as manganese ore, chrome ore & coke and purchase their finished products, being varied categories of ferroalloys 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 September 30, 2023, 95.34% of their revenue from operations was earned from our export operations.
Total Issue Size: ₹24.07 crores
Issue Price: ₹86 per share
Minimum Lot Size: 1600 shares
Subscription Period: August 21, 2024 to August 23, 2024
Book Running Lead Manager: Khandwala Securities Limited
Registrar: Cameo Corporate Services Limited
Market Maker: Aftertrade Broking
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
QVC Exports IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 27-08-2024 | 86 | 91.0 (106%) | 27-Aug-2024 13:30 |
| 25-08-2024 | 86 | 90.0 (105%) | 25-Aug-2024 12:20 |
| 24-08-2024 | 86 | 90.0 (105%) | 24-Aug-2024 13:20 |
| 23-08-2024 | 86 | 75 | 23-Aug-2024 14:00 |
| 22-08-2024 | 86 | 72 | 22-Aug-2024 14:00 |
| 21-08-2024 | 86 | 65.0 (76%) | 21-Aug-2024 12:55 |
| 20-08-2024 | 86 | 50.0 (58%) | 20-Aug-2024 14:10 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
QVC Exports IPO Overview
| Detail | Description |
|---|---|
| IPO Date | August 21, 2024 to August 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 Aftertrade Broking |
QVC Exports IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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
| 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 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 Promoter Holding
| Share Holding Pre Issue | 99.98% |
| Share Holding Post Issue | 73.22% |
Company & Financials
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 ferromanganese, high-carbon ferrochrome and ferrosilicon. A majority of their revenue from operations is earned from exporting their products to reputed steel manufacturers in various countries. The company is also a supplier of ferroalloys 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. Further, as of January 31, 2024, they exported 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.
QVC Exports Limited Financial Information
| 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 | |||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.20% |
| ROCE | 34.22% |
| Debt/Equity | 1.46 |
| RoNW | 17.75% |
| PAT Margin (%) | 1.33 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.67 | 3.76 |
| P/E (x) | 18.4 | 22.89 |
Objectives of QVC Exports IPO
The Issue Proceeds from the Fresh Issue will be utilized towards the following objectives:
- ● To repay the unsecured loans taken by the Company.
- ● To meet working capital requirements.
- ● General Corporate Purposes.
QVC Exports IPO Review
The company is a dealer/trader in ferroalloy and steel manufacturing materials. It posted growth in the top and bottom lines for the reported periods. The sudden boost in top and bottom lines for FY24 raise eyebrows. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate funds for the medium to long term.
FAQs for QVC Exports IPO
-
What is QVC Exports IPO?
QVC Exports IPO is an NSE SME IPO. They are going to raise ₹24.07 Crores via IPO. The issue is priced at ₹86 per equity share. The IPO is to be listed on NSE.
-
When will the QVC Exports IPO open?
The IPO will open on August 21, 2024, for QIB, NII, and Retail Investors.
-
What is QVC Exports IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
-
What is QVC Exports IPO Size?
QVC Exports IPO size is ₹24.07 crores.
-
What is QVC Exports IPO Price Band?
QVC Exports IPO Price Band is ₹86 per equity share.
-
What is QVC Exports IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹137,600.
-
What is QVC Exports IPO Allotment Date?
QVC Exports IPO allotment date is August 26, 2024.
-
What is QVC Exports IPO Listing Date?
QVC Exports IPO listing date is August 28, 2024—the IPO to list on NSE SME.
-
What is the current GMP of the QVC Exports?
The current GMP of QVC Exports is 91.0 (106%).
RHP:
RHP of QVC Exports Limited IPO
-
What is QVC Exports IPO?
QVC Exports IPO is an NSE SME IPO. They are going to raise ₹24.07 Crores via IPO. The issue is priced at ₹86 per equity share. The IPO is to be listed on NSE.
-
When will the QVC Exports IPO open?
The IPO will open on August 21, 2024, for QIB, NII, and Retail Investors.
-
What is QVC Exports IPO Investors Portion?
The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.
-
What is QVC Exports IPO Size?
QVC Exports IPO size is ₹24.07 crores.
-
What is QVC Exports IPO Price Band?
QVC Exports IPO Price Band is ₹86 per equity share.
-
What is QVC Exports IPO Minimum and Maximum Lot Size?
The IPO bid is 1600 shares with ₹137,600.
-
What is QVC Exports IPO Allotment Date?
QVC Exports IPO allotment date is August 26, 2024.
-
What is QVC Exports IPO Listing Date?
QVC Exports IPO listing date is August 28, 2024—the IPO to list on NSE SME.
-
What is the current GMP of the QVC Exports?
The current GMP of QVC Exports is 91.0 (106%).
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