QVC Exports IPO Allotment Likely Finalized Today: Check GMP and How to Verify Your Status Online
The initial public offering (IPO) of QVC Exports Ltd, a ferroalloys provider, received strong interest during its subscription period. With the bidding now closed, investors are eagerly waiting for the IPO allotment, which is expected to be finalized today, August 26.
Key Dates
- IPO Opened: August 21
- IPO Closed: August 23
- Allotment Date: August 26
- Listing Date: August 28
Allotment Process
The company is expected to finalize the IPO allotment today, crediting shares to eligible investors’ demat accounts on August 27. Refunds to unsuccessful bidders will also be initiated on the same day.
How to Check QVC Exports IPO Allotment Status
Investors who applied for the IPO can check their allotment status online through the NSE website or the official portal of the IPO registrar, Cameo Corporate Services Ltd. Follow these steps:
- Visit Registrar Website: Go to Cameo IPO Portal.
- Select Company: Choose “QVC Exports Limited” from the dropdown menu.
- Type Selection: Select either DP-ID, Application No., or PAN.
- Enter Details: Fill in the relevant details based on the option selected.
- Submit: Enter the Captcha code and click on ‘Submit’.
Your QVC Exports IPO allotment status will be displayed on the screen.
QVC Exports IPO GMP (Grey Market Premium)
QVC Exports shares are trading at a significant premium in the grey market ahead of the listing. The current GMP is ₹91 per share, indicating that QVC Exports shares are trading ₹91 higher than their issue price in the grey market. Based on this, the estimated listing price is ₹177 per share, reflecting a premium of 105.81% over the IPO price of ₹86 per share.
Subscription Status
The QVC Exports IPO was highly oversubscribed, receiving bids for 142.18 crore equity shares against the 26.57 lakh shares on offer. The IPO was subscribed 535 times in total, with the retail category subscribed 418.64 times and the other category subscribed 596.57 times.
IPO Details
The QVC Exports IPO raised ₹24.07 crore, with a price band fixed at ₹86 per share. The issue comprised a fresh issue of 20.5 lakh equity shares worth ₹17.63 crore and an offer for sale (OFS) of 7.49 lakh shares totaling ₹6.44 crore. The funds raised will be primarily used to repay unsecured loans and meet working capital requirements. The equity shares will be listed on the NSE SME platform.
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