QVC Exports IPO: Check issue size, price band, GMP among other details

The SME IPO of QVC Exports has opened for subscription today and will close on August 23. The company aims to raise about Rs 24 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.

1) QVC Exports IPO size

The IPO is entirely a fresh equity issue of 27.98 lakh shares and through the issue, the company plans to raise Rs 24 crore.

2) QVC Exports IPO price band

The company is offering its shares at Rs 86 apiece, and investors can bid for 1600 shares in 1 lot.

3) QVC Exports GMP

In the unlisted market, the company's shares are trading with a GMP of Rs 50, which translates to a premium of 58% over the issue price.

4) About QVC Exports

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. It is also engaged in dealing of raw materials for manufacturing of steel.

5) 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.

Also Read: Unimech Aerospace, Manjushree Technopack file draft IPO papers with Sebi

6) Forcas Studio financial performance

For the year ended March 2024, the company clocked total revenues of Rs 446 crore and net profit of Rs 3.92 crore.

7) Objects of the offer

The net proceeds from the public offer will be used for repayment of unsecured loans, funding of working capital requirements and other general corporate purposes.

8) Lead managers and Registrar

Khandwala Securities is acting as the lead manager to the issue and Cameo Corporate Services is the registrar.

9) Issue structure

About 50% of the offer is reserved for retail investors and the rest 50% for other investors.

10) Important dates

The IPO opened on August 21 and will close on August 23. The final allotment will likely be made on August 26. The company's shares will likely get listed on August 28.