QVC Exports Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹86
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,37,600
Issue Size
₹24.07 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
49.97%
QIB Quota
0%
NII Quota
50.03%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
QVC Exports Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
73.22%
Issue Type
Fixed Price - SME
ISIN
INE0KZF01015
About the Company
QVC Exports Limited 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. The Company also engaged in dealing of raw materials for manufacturing of steel. The Company has devised a unique business model, wherein it procures raw materials required for manufacturers of ferro alloys, such as, manganese ore, chrome ore, coke, and purchase its finished products, being varied categories of ferro alloys and further sell it to domestic and international steel manufacturers. The Company has created a unique inward and outward model, wherein it procures 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 ability of serving manufacturers at different points of the steel supply chain.
Industry Overview
Ferro-alloys are one of the important inputs in the manufacture of alloys and special steel. They impart special properties to steel. The alloys provide increased resistance to corrosion, improves hardness and tensile strength at high temperature, gives wear and abrasion resistance and increases creep strength, etc. The growth of Ferro-alloys Industry is, thus, linked with the development of the Iron and Steel Industry, Foundry Industry and to some extent Electrode Industry. The principal ferroalloys are chromium, manganese and silicon. The product series consists mainly of ferro-manganese, silico-manganese, ferro-silicon and ferro-chrome. Ferro-alloys are classified into two main categories, viz, bulk ferro-alloys and noble ferroalloys. Owing to high cost of power, Ferro-alloys Industry has not been operating to its full capacity in India. The Electricity cost accounts over 40 % to 70 % of total cost of production, depending on the Ferro Alloys produced.
Company History
QVC Exports Limited was incorporated on August 9, 2005 as a private limited company under the name and style of `QVC Exports Private Limited', under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, West Bengal at Kolkata. Further, the Company was converted into a public limited company pursuant to a resolution passed by its Shareholders in an Extraordinary General Meeting held on February 14, 2022 and consequently the name of the Company was changed to `QVC Exports Limited' and a fresh certificate of incorporation dated March 1, 2022 was issued by the Registrar of Companies, West Bengal at Kolkata.
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.
Growth Strategy
- 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.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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") ("Offer for Sale") aggregating to Rs. 6.44 crores, out of which 1,40,800 equity shares aggregating to Rs. 1.21 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 26,57,600 equity shares of face value of Rs. 10 each at an offer price of Rs. 86/- per equity share aggregating to Rs. 22.86 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 26.78% and 25.43%, respectively of the post offer paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the offer price is 8.6 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Long Standing Relationship with key Customers & Suppliers.
- Quality Assurance.
- Wide range of Products.
- Experienced Promoters and professional management team with technical expertise.
- 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.