Qvc Exports Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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QVC Exports

CMP

47.50

-0.95 (-1.96%)

  • DRHP
₹86

Offer Price

₹ 24.07 Cr

Issue Size

₹ 1,37,600

Min Investment

1,600

Lot size

Time Line

  • 21
    Aug 2024
    Open
  • 23
    Aug 2024
    Close
  • 26
    Aug 2024
    Finalisation of Basis of Allotment
  • 27
    Aug 2024
    Initiation of Refunds
  • 27
    Aug 2024
    Transfer of Shares to Demat Account
  • 28
    Aug 2024
    Listing Date

Objects of the Offer

  • Augment its fund based capacities in order to scale up business operation.

  • Improving operational efficiencies.

  • Leveraging its Market skills and Relationships.

  • Enhance customer base by entering new geographies to establish long-term relationships.

Products & Services

  • The Company is engaged in the business of dealing in ferro alloys, including but not limited to high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome and ferro silicon.

Strengths

  • Long Standing Relationship with key Customers & Suppliers.

  • Quality Assurance.

  • Wide range of Products.

  • Experienced Promoters and professional management team with technical expertise.

Risks

  • The Commissioner, the Central Goods and Services Tax, Kolkata had undertaken a search at its Registered Office. Subsequent to the search, the Commissioner, the Central Goods and Services Tax, Kolkata, issued summons to its Directors under the Central Goods and Services Tax Act, 2017. In the event any adverse orders are passed against the Company or its Directors, it would have a significant impact on its business, results of operations and financial condition.

  • The company generally doing business with its customers on purchase order basis and does not enter into long term contracts with them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.

  • The Company is reliant on the demand from the steel industry for a significant portion of its revenue. Any downturn in the steel industry or an inability to increase or effectively manage the company sales could have an adverse impact on the Company`s business and results of operations.

  • There have been instances of incorrect filings of certain forms with the RoC, in the past.

  • The company depends on a few customers for a significant portion of its revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the company`s business and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
26.77%
Pre Holding

99.99%

Post Holding

73.22%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 123.10 (71.40%) 207.24 (68.40%) 445.99 (115.20%)
Gross Profit 1.35 (16.40%) 2.35 (74.10%) 5.68 (141.70%)
Net Income 1.23 (48.20%) 2.30 (87.00%) 6.05 (163.00%)
Assets 48.35 (2.60%) 60.34 (24.80%) 83.94 (39.10%)
Liabilities 21.67 (-0.10%) 32.31 (49.10%) 49.86 (54.30%)

Book Running Managers

  • Khandwala Securities Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

6th Flr South City Busin.Park,
770 EM By Pass Anandapur EKT,
Kolkata - 700107
Phone : +91 332 419 7677 Email : office@qvcgroup.com www.qvcgroup.com

Offer Related Information

Public offer of 27,98,400 equity shares of face value Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 86/- per equity share (including a securities premium of Rs. 76/- per equity share) (the "Offer Price"), aggregating to Rs. 24.07 crores ("Offer"), comprising a fresh issue of 20,49,600 equity shares aggregating to Rs. 17.63 crores (the "Fresh Issue") and an offer for sale of 7,48,800 equity shares by Matashree Mercantile Private Limited ("The Selling Shareholder")... More

QVC Exports FAQ's

The shares of QVC Exports were first listed on the stock exchanges on June 26, 2024.

The total issue size of the QVC Exports IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for QVC Exports public issue was 125 shares.

The price band of the IPO of QVC Exports was Rs. 114 to Rs. 120 per equity share.

QVC Exports IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of QVC Exports IPO.

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