August 28, 2024
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QVC Exports IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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QVC Exports listing Review
On 28th August 2024, the scrip was listed at Rs. 161, premium of 87.21% over the issue price Rs. 86. The listing has been below the expectations of the grey market.
QVC Exports IPO allotment Link
What was the last grey market premium of QVC Exports IPO?
Premium Rs. 91
Subscription status of QVC Exports IPO
QVC Exports IPO (Closed)Price Rs. 86 Lot 1600 shares, Rs. 22.86 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 596.57 | 418.64 | 535.00 | 3,47,890 (418.64x) | |
| Amount wise bids recd. Rs. 12230.10 Crore | ||||
| Note: | ||||
What is the business of QVC Exports?
The company specializes in the ferro alloys sector, dealing in a wide range of products including high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome, and ferro silicon. In addition to ferro alloys, it also handles raw materials essential for steel production.
The company has developed a distinctive business model that enhances its operations. This model involves procuring raw materials like manganese ore, chrome ore, and coke for ferro alloy manufacturers. It then purchases their finished ferro alloys and distribute them to both domestic and international steel manufacturers. This approach allows it to maintain a robust and reliable network of customers and suppliers, serving manufacturers across various points in the steel supply chain.
As of March 31, 2024, 82.95% of its revenue from operations was generated through exports. By January 31, 2024, its products were being exported to numerous countries, including Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman.
It sources manganese ore and manganese ore lumps from reputable miners and manufacturers in Hong Kong and France. A significant portion of its revenue comes from exporting products to well-established steel manufacturers globally. Additionally, it supplies ferro alloys to several renowned Indian manufacturers, further strengthening its position in the market.
Get more information about the company @ http://www.qvcgroup.com/
QVC Exports IPO Details |
|
| IPO opens on | 21 August 2024 |
| IPO closes on | 23 August 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2798400 Shares / Rs 24.07 Crore |
| * Fresh Issue | 2049600 Shares / Rs 17.63 Crore |
| * Offer for Sale – | 748800 Shares/ Rs. 6.44 Crore |
| Market Maker Portion | 140800 Shares |
| Net offer to Public | 2657600 Shares/ Rs.22.86 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.86 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 1328800 | 11.43 |
| RII (50%) | 1328800 | 11.43 |
| Total Shares | 2657600 | 22.86 |
| Retail portion will be oversubscribed by | 831 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1600 Shares | Rs.137600 |
| Min HNI Application | 3200 Shares | Rs.275200 |
Who are the Promoters of QVC Exports IPO?
The Promoters of the company are Nilesh Kumar Sharma, Madhu Sharma, Priti Sharma, Matashree Mercantile Private Limited and Unity Vyapaar Private Limited
What are the Objects of QVC Exports IPO?
The Offer comprises of fresh issue of shares and offer for sale.
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
To repay the unsecured loans taken by the Company
To meet working capital requirement
Tentative timetable |
|
| IPO opens on | 21 August 2024 |
| IPO Closes on | 23 August 2024 |
| IPO Allotment on | 26 August 2024 |
| Refund Initiation | 27 August 2024 |
| Credit of Shares | 27 August 2024 |
| Listing on | 28 August 2024 |
| Registered Office of the Company QVC Exports Limited 6 th Floor, South City Business Park 770 EM Bypass, Anandapur, Adarsha Nagar, E.K.T, Kolkata- 700107 |
| Who is the Lead Manager of this IPO? Khandwala Securities Limited |
|
Who is the Registrar to IPO? |
QVC Exports IPO GMP grey market premium, review, Subscription, allotment, listing estimate
QVC Exports IPO Financial & Analytical Ratios |
||||
| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 127.82 | 0.91 | 1.97 | 4.62 |
| 2022-23 | 214.71 | 1.71 | 4.08 | 822 |
| 2023-24 | 454.63 | 3.92 | 7.20 | 17.75 |
| Book Value of the Share on 31.03.2024 |
Rs | 40.56 | ||
| BV of the Share at cap price after IPO |
Rs. | 51.91 | ||
| Offer Price/upper band | Rs. | 86 | ||
IPO
|
|
| Price/EPS of 23-24 | 11.94 |
| Price/BV Ratio | 2.12 |
| Price/BV after IPO | 1.66 |
How QVC Exports IPO compares with the Peers?
There are no like to like comparable listed companies in India that are engaged in all aspects of the business that it operates. Accordingly, it is not possible to provide an industry comparison in relation to this Company.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
QVC Exports IPO Review
The company specializes in the ferro alloys sector, dealing in a wide range of products including high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome, and ferro silicon. In addition to ferro alloys, it also handles raw materials essential for steel production.
The company has developed a distinctive business model that enhances its operations. This model involves procuring raw materials like manganese ore, chrome ore, and coke for ferro alloy manufacturers.
Size: Net size of the IPO is Rs.22.86 crore, comprising of 2657600 shares. Huge oversubscription is not ruled out.
Financial Snapshot: The shares are offered at reasonable valuation. May Apply.
+ from fundamental angle: May Apply
+ from grey market angle: ?
Quicklinks
QVC Exports IPO GMP today allotment, review?
QVC Exports IPO GMP grey market premium
QVC Exports IPO FAQs
What is QVC Exports IPO?
This is a SME IPO of 2798400 equity shares of the face value of Rs. 10 aggregating up to Rs.24.07 Crores. The issue is priced at Rs.86 per share. The minimum order quantity is 1600 Shares.
When will QVC Exports IPO subscription open?
QVC Exports IPO opens on August 21, 2024, and closes on August 23, 2024.
What is the lot size of QVC Exports IPO?
QVC Exports IPO lot size is 1600 Shares, and the minimum amount required is Rs.137600
How to apply for QVC Exports IPO?
You can apply in QVC Exports IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is QVC Exports IPO allotment?
The finalization of Basis of Allotment for QVC Exports IPO will be done on August 26, 2024, and the allotted shares will be credited to your demat account by August 27, 2024.
When is QVC Exports IPO listing date?
QVC Exports IPO listing date is August 28, 2024.
