QVC Exports IPO to Launch at ₹86 Per Share; SME Issue Opens on August 21—Get Ready to Invest!

QVC Exports Ltd, a company that provides Ferroalloys, is all set to launch its initial public offering (IPO) on August 21. The company aims to raise ₹24.07 crore from the primary market through this SME IPO, with the shares set to be listed on the NSE SME platform.

The bidding for the QVC Exports IPO will begin on Wednesday, August 21, and will close on Friday, August 23. The allotment of shares is expected on August 26, with the shares likely to be listed on August 28.

The price band for the IPO has been fixed at ₹86 per share. The company plans to raise ₹24.07 crore through a combination of a fresh issue of 20.5 lakh equity shares worth ₹17.63 crore and an offer for sale (OFS) of 7.49 lakh shares, amounting to ₹6.44 crore.

Investors

Investors will need to purchase a minimum lot size of 1,600 shares, which requires a minimum investment of ₹137,600.

The funds raised from the IPO will primarily be used to repay unsecured loans and meet the company’s working capital requirements.

Nilesh Kumar Sharma, Chairman and Managing Director of QVC Exports Ltd, said, “The IPO marks the beginning of a new phase for our company. It will allow us to improve our operations, expand our market reach, and invest in opportunities that will drive future growth.”

Lead Manager

Khandwala Securities Ltd is the lead manager for the QVC Exports IPO, and Cameo Corporate Services Limited is acting as the IPO registrar. The company is promoted by Nilesh Kumar Sharma, Madhu Sharma, Priti Sharma, Matashree Mercantile Private Limited, and Unity Vyapaar Private Limited.

Ahead of the IPO, QVC Exports shares are showing strong demand in the grey market. The grey market premium (GMP) for QVC Exports shares today is ₹50 per share, suggesting that the shares are trading at ₹136 each in the unlisted market, a premium of 58.14% over the IPO price of ₹86 per share.

About QVC Exports

QVC Exports Ltd specializes in Ferroalloys, including High Carbon Silico Manganese, Low Carbon Silico Manganese, High Carbon Ferro Manganese, High Carbon Ferro Chrome, and Ferro Silicon. These products are essential raw materials for steel manufacturing.

Most of the company’s revenue comes from exporting to major global steel manufacturers in markets such as Taiwan, Japan, and the United Kingdom.

In FY24, QVC Exports reported a revenue of ₹445.98 crore, with an EBITDA of ₹10.71 crore and a net profit of ₹6.04 crore.