IPO Details
Bidding Dates
21 Aug 24 - 23 Aug 24
Price Range ₹
86 - 0
Total Equity
₹ 24.07Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
21 Aug 2024
Offer end
23 Aug 2024
Allotment
26 Aug 2024
Refund initiation
27 Aug 2024
Demat transfer
27 Aug 2024
Listing
28 Aug 2024
Offer start
21 Aug 2024
Offer end
23 Aug 2024
Allotment
26 Aug 2024
Refund initiation
27 Aug 2024
Demat transfer
27 Aug 2024
Listing
28 Aug 2024
About Company
Established in August 2005, QVC Exports Limited specializes in the trade of ferroalloys, including high-carbon silico manganese, low-carbon silico manganese, high-carbon ferro manganese, high-carbon ferro chrome, and ferro silicon. As of March 31, 2024, 82.95% of the company's revenue was derived from its export activities. As of January 31, 2024, the company has exported its products to a diverse range of countries, including Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman. QVC Exports adheres to management system standards, holding certifications for ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), and ISO 45001:2018 (Occupational Health and Safety Management). As of August 6, 2024, the company employs 15 individuals.
Year Founded
09-08-2005
Promotor Details
Nilesh Kumar Sharma
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.98 | 73.22 |
| Share Capital | 8401292 | 7652492 |
Offer to Public
27,98,400.00 Cr
Project Details
- Issue related expenses - 3.5cr
- Repayment of Unsecured Loans - 10.9cr
- Funding of working capital requirements of our Company - 90cr
Objectives
- A. To meet the working capital requirementsB. To meet the Issue ExpensesC. General Corporate Purposes
Highlights
- The company has built and maintained long-standing relationships with key customers and suppliers. These enduring partnerships foster mutual trust and reliability, enabling consistent business growth and a stable supply chain.
- A rigorous focus on quality assurance sets the company apart in the market. By adhering to high standards and implementing strict quality control measures, the company ensures that its products meet and exceed customer expectations, fostering customer loyalty and satisfaction.
- Offering a wide range of products, the company caters to a broad spectrum of customer needs across various industries. This diversity not only helps mitigate risk by reducing dependence on a single product line but also positions the company as a one-stop solution for its clients.
- The company is led by experienced promoters and a professional management team with deep technical expertise. Their combined experience and industry knowledge drive strategic decision-making, innovation, and the efficient execution of business operations.
- The company is focused on scaling up its business operations by augmenting its fund-based capacities. This includes improving operational efficiencies, leveraging market skills and relationships, and expanding its customer base by entering new geographical markets. These initiatives aim to enhance the company’s market presence and establish long-term customer relationships.
Challenges
- The company is currently under scrutiny by the Central Goods and Services Tax authorities in Kolkata, which conducted a search at its Registered Office. The issuance of summons to its Directors under the Central Goods and Services Tax Act, 2017, poses a significant risk. Any adverse rulings against the company or its Directors could severely impact its business operations, financial performance, and overall financial health.
- The company primarily operates on a purchase order basis without entering into long-term contracts with its customers. This reliance on short-term agreements could lead to instability in customer relationships, potentially resulting in adverse effects on its business prospects, operational results, and financial condition if key relationships are not maintained.
- A substantial portion of the company’s revenue is dependent on demand from the steel industry. Any downturn in this industry or failure to effectively manage sales growth could negatively impact the company’s business and operational results, making it vulnerable to fluctuations in the steel market.
- The company relies heavily on a few key customers and suppliers for a significant portion of its revenue and material requirements. Any reduction in orders or issues with these key partners could severely affect the company’s business performance, making it vulnerable to revenue fluctuations and supply chain disruptions.
- The company’s financial results are likely to vary from year to year, making them unpredictable. This volatility could cause fluctuations in the market price of its Equity Shares, creating instability for investors. Additionally, the company’s proposed use of funds from the Offer has not been appraised by any bank or financial institution, raising concerns about the effective utilization of proceeds, which could negatively impact its financial stability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2020 | 7,501.74 | 76.55 | 321.75 | 2,381.84 | 259.2902 |
| 2023 | 6,489.64 | 420.08 | 79.77 | 83.21 | 9.0583 |
| 2021 | 4,854.37 | 76.55 | 321.75 | 2,381.84 | 259.2902 |
| 2024 | 9,386.24 | 840.17 | 321.75 | 2,381.84 | 259.2902 |
| 2022 | 5,456.97 | 459.30 | 321.75 | 2,381.84 | 259.2902 |
