QVC Exports Limited IPO Date, Details, Allotment and Analyses

QVC Exports is set to launch its IPO, which is a fixed price issue amounting to ₹24.07 crores. This offering consists of a fresh issue of 20.5 lakh shares, raising ₹17.63 crores, alongside an offer for sale of 7.49 lakh shares, totalling ₹6.44 crores.

The subscription window for the QVC Exports Limited IPO opens on August 21, 2024, and closes on August 23, 2024. The allotment of shares is anticipated to be finalized on Monday, August 26, 2024. Following this, the shares are expected to be listed on the NSE SME on Wednesday, August 28, 2024.

The price for the QVC Exports IPO is set at ₹86 per share. Retail investors must apply for a minimum lot size of 1,600 shares, which requires an investment of ₹137,600. For high-net-worth individuals (HNIs), the minimum investment is ₹275,200, corresponding to 2 lots or 3,200 shares.

QVC Exports Limited IPO Details

Open Date	August 19, 2024
Close Date	August 21, 2024
IPO Size	Aggregating ₹24.07 crores through 27.98 lakh shares
Fresh Issue	20.5 lakh Equity Shares
Face Value	₹10 per share
IPO Price Band	₹86 per share
IPO Listing on	NSE SME
Lot Size	1600 Shares
OFS	7.49 lakh shares
Share Offered to Retail	50%
Share Offered to QIB	–
Share Offered to HNI	50%

QVC Exports Limited IPO Date

• IPO Open Date: August 21, 2024
• IPO Close Date: August 23, 2024
• Allotment: August 26, 2024
• Refunds: August 27, 2024
• Shares Credit to Demat: August 27, 2024
• Listing Date: August 28, 2024

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

Promoter Holding

The promoters of QVC Exports include Nilesh Kumar Sharma, Madhu Sharma, Priti Sharma, Matashree Mercantile Private Limited, and Unity Vyapaar Private Limited. Before the IPO, their collective shareholding stood at 99.98%. Following the issue, their shareholding will be reduced to 73.22%.

QVC Exports Limited IPO GMP (Grey Market Premium)

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QVC Exports Limited IPO Subscription Status

QVC Exports Limited IPO subscription starts on August 21, 2024, To get live IPO subscription status data go to our IPO Subscription section and see any ongoing IPO Subscription Status.

QVC Exports Limited IPO Allotment Status

To check the QVC Exports Limited IPO allotment status go to the IPO registrar website ” Cameo Corporate Services Limited” or go to IPO Allotment>>.
You can find here any IPO allotment status. Following some stapes.

1. Go to the Link given above.
2. Select the IPO Name
3. Enter your PAN/ DP ID/ Application No
4. Submit details and get the allotment status.

Know About Company

QVC Exports Limited is a prominent player in the manufacturing and export of steel and related products. Established in 2005, the company has built a strong reputation in the industry, focusing on delivering high-quality products and services to its clients. Below is a detailed overview of the business, its clientele, and its operational ethos.

Company Overview

Name: QVC Exports Limited
Incorporation Date: August 4, 2005
Industry: Manufacturing of Basic Iron & Steel
Location: Kolkata, India
CIN: U27109WB2005PLC104672

QVC Exports is recognized as a two-star export house by the Government of India and has received various accolades for its commitment to quality and excellence. The company specializes in producing a range of steel products, including ferroalloys, which are essential in steelmaking processes.

Business Operations

QVC Exports operates with a clear mission to provide quality products at competitive prices. The company emphasizes the following core values:

• Quality: Ensuring that all products meet stringent quality standards to satisfy customer expectations.
• Value: Offering true value for money, enhancing customer satisfaction through competitive pricing and superior service.
• Commitment: Upholding ethical practices and maintaining transparency in all dealings with clients and suppliers.

Product Offerings

QVC Exports manufactures a variety of products, primarily focusing on:

• Ferroalloys: Such as silico-manganese and ferromanganese, are crucial for steel production.
• Steel Products: Including various grades of steel used in construction and industrial applications.

The company’s extensive experience in the industry, spanning over two decades, allows it to cater to diverse client needs effectively.

Clientele

QVC Exports serves a broad range of clients, including:

• Steel Manufacturers: Providing essential raw materials for steel production.
• Foundries: Supplying high-quality ferroalloys used in casting processes.
• Construction Companies: Offering steel products that meet the rigorous demands of construction projects.

The company has established strong relationships with its clients, focusing on reliability and quality service to foster long-term partnerships.

Achievements and Recognition

QVC Exports has been recognized for its excellence in the industry, receiving multiple awards for quality and service. Its accreditation as an Authorized Economic Operator (AEO) further underscores its commitment to compliance and security in international trade.

QVC Exports Limited Financial Information

The financial data for QVC Exports Limited for the periods ending March 31, 2022, 2023, and 2024:

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	₹9,386.23 Lakhs	₹6,489.81 Lakhs	₹5,461.44 Lakhs
Revenue	₹45,462.68 Lakhs	₹21,471.14 Lakhs	₹12,782.50 Lakhs
Profit After Tax (PAT)	₹392.76 Lakhs	₹171.48 Lakhs	₹90.54 Lakhs
Net Worth	₹3,407.90 Lakhs	₹2,802.99 Lakhs	₹2,668.09 Lakhs
Total Borrowing	₹4,981.73 Lakhs	₹3,227.57 Lakhs	₹2,159.43 Lakhs

KPI Of QVC Exports Limited

The Key Performance Indicators for QVC Exports Limited for the periods ending March 31, 2022, 2023, and 2024:

Key Performance Indicators	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	₹44,598.65 Lakhs	₹20,724.19 Lakhs	₹12,310.14 Lakhs
Total Revenue	₹45,462.68 Lakhs	₹21,471.14 Lakhs	₹12,782.50 Lakhs
Gross Profit	₹4,068.84 Lakhs	₹2,860.65 Lakhs	₹2,115.41 Lakhs
Gross Margin	8.95%	13.32%	16.55%
EBITDA	₹1,071.42 Lakhs	₹441.19 Lakhs	₹234.02 Lakhs
EBITDA Margin	2.63%	2.05%	1.83%
Profit After Tax (PAT)	₹604.92 Lakhs	₹230.32 Lakhs	₹123.39 Lakhs
PAT Margin	1.33%	1.07%	0.96%
Return on Equity (ROE)	7.20%	8.22%	4.62%
Return on Capital Employed (ROCE)	34.22%	14.74%	9.07%
Net Debt/EBITDA	4.95	6.20	7.43

(Note: Values are in ₹ Lakhs unless specified otherwise.)

Objects of the Issue

1. To repay the unsecured loans taken by the Company
2. To meet working capital requirement
3. General Corporate Purposes

Peer Group

• N/A

QVC Exports IPO Registrar

CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 1, Club House Road,
Chennai – 600 002, Tamil Nadu, India.
Telephone: +91 444 002 0700, 442 846 0390
Facsimile: N.A.
Email: ipo@cameoindia.com
Contact Person: Ms. K. Sreepriya
Website: www.cameoindia.com

QVC Exports IPO Lead Manager

KHANDWALA SECURITIES LIMITED
Vikas Building, Ground Floor, Green Street, Fort,
Mumbai – 400 023, Maharashtra, India.
Telephone: +91 224 076 7373;
Facsimile: +91 224 076 7377 / 78;
Contact Person: Rinav Manseta / Sanket Sharma
Email: ipo@kslindia.com, rinav@kslindia.com;
Website: www.kslindia.com;

QVC Exports Limited Contact

QVC Exports Limited
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/

QVC Exports Limited IPO Application Form PDF

To download the QVC Exports Limited IPO application form Check out the Application Form Download ASBA IPO Forms PDF.

Analyses Of QVC Exports Limited IPO

Analysis of QVC Exports Limited IPO

Pros:

Strong Revenue and Profit Growth:

• QVC Exports has demonstrated substantial growth in revenue and profit over recent financial years. For FY 2024, the revenue increased by 112%, and PAT rose by 129% compared to FY 2023, showcasing impressive financial performance.

Consistent Financial Improvement:

• The company’s financial indicators, such as revenue from operations, gross profit, EBITDA, and PAT, have all shown significant year-on-year growth. This positive trend reflects operational efficiency and profitability.

Established Market Presence:

• With over 18 years in operation, QVC Exports has a proven track record in the manufacturing and export of steel products. The company’s long-standing presence and expertise in the industry are significant positives.

Operational Efficiency:

• Key Performance Indicators (KPIs) such as Return on Equity (ROE) and Return on Capital Employed (ROCE) indicate efficient use of capital. The ROCE has notably improved from 9.07% in FY 2022 to 34.22% in FY 2024.

Reputable Exporter:

• The company is recognized as a two-star export house by the Government of India, reflecting its credibility and operational standards in the export market.

Reasonable IPO Pricing:

• The IPO price is set at ₹86 per share, which may be considered reasonable relative to the company’s financial performance and growth prospects.

Utilization of Funds:

• The IPO proceeds will be used to repay unsecured loans and meet working capital requirements, which can improve the company’s financial stability and operational capacity.

Cons:

High Promoter Holding Reduction:

• The promoters’ shareholding will decrease from 99.98% pre-issue to 73.22% post-issue. While this is a common practice in IPOs, it may lead to concerns about the dilution of control.

Low Gross and EBITDA Margins:

• The gross margin has decreased from 16.55% in FY 2022 to 8.95% in FY 2024. Similarly, EBITDA margin has improved but remains relatively low compared to industry standards. This could indicate potential pressures on cost management and pricing.

High Net Debt to EBITDA Ratio:

• The Net Debt/EBITDA ratio of 4.95 suggests the company has a significant amount of debt relative to its earnings. This could pose risks, particularly if there are fluctuations in earnings or interest rates.

Dependence on the Steel Industry:

• QVC Exports’ performance is closely tied to the steel industry, which is subject to cyclical fluctuations and economic downturns. Any adverse changes in the industry could impact the company’s financial health.

IPO Market Conditions:

• The success of the IPO also depends on the overall market conditions and investor sentiment. A volatile market or economic uncertainty could affect the IPO’s performance.

Limited Peer Comparison:

• The lack of a peer group makes it difficult to benchmark QVC Exports against industry standards. This could pose a challenge for investors trying to gauge the company’s relative performance.

The QVC Exports IPO offers an opportunity to invest in a company with strong growth metrics and a well-established market presence. However, potential investors should carefully consider the high promoter holding reduction, margins, and debt levels. As always, it’s advisable to conduct thorough research or consult with a financial advisor to ensure alignment with investment goals and risk tolerance.

FAQs For QVC Exports Limited IPO