QVC Exports Limited IPO And Its GMP IPO Details
| 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 | 1,600 Shares |
| Total Issue Size | 27,98,400 shares (aggregating up to ₹ 24.07 Cr) |
| Fresh Issue | 20,49,600 shares (aggregating up to ₹ 17.63 Cr) |
| Offer for Sale | 7,48,800 shares of ₹10 (aggregating up to ₹ 6.44 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 84,01,692 |
| Shareholding post issue | 1,04,51,692 |
| Market Maker portion | 1,40,800 shares Aftertrade Broking |
About 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.
QVC Exports IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
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.
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.
QVC Exports Limited IPO And Its GMP Financial Information
Latest Revenue
₹ 45,462.68 Cr
Profit After Tax
₹ 392.76 Cr
Net Worth
₹ 3,407.9 Cr
Total Borrowing
₹ 4,981.73 Cr
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31 Mar 2024 | 9,386.23 | 45,462.68 | 392.76 | 3,407.9 | 4,981.73 |
| 31 Mar 2023 | 6,489.81 | 21,471.14 | 171.48 | 2,802.99 | 3,227.57 |
| 31 Mar 2022 | 5,461.44 | 12,782.5 | 90.54 | 2,668.09 | 2,159.43 |
| Amount in ₹ Crore | |||||
QVC Exports Limited IPO And Its GMP IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The QVC Exports Limited IPO And Its GMP IPO GMP is currently trading at ₹91, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹177, which is 105.81% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹86 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹91 and a lot size of 1600 shares.
QVC Exports Limited IPO And Its GMP IPO GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-08-27 | ₹86 | ₹91.0 (106%) | 2024-08-27 |
QVC Exports Limited IPO And Its GMP 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 |
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Competitive Strengths
QVC Exports Limited IPO And Its GMP 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹ 1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹ 1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹ 2,75,200 |