QVC Exports IPO

QVC Exports Ltd

₹1,37,600 /1600 sharesMinimum Investment

QVC Exports IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Aug ‘24 - 23 Aug ‘24₹1,37,6001,600₹86 - ₹86
Issue SizeIPO Doc
24.07Cr
RHP PDF

About QVC Exports

QVC Exports Limited deals in ferro alloys, including high-carbon silico manganese, low-carbon silico manganese, high-carbon ferro manganese, high-carbon ferro chrome, and ferro silicon, as well as raw materials for steel manufacturing. The company follows a business model where it procures raw materials required for manufacturing ferro alloys and then purchases their finished products and sells them to domestic and international steel manufacturers. This process helps create a wide and reliable customer and supplier base and the ability to serve manufacturers at different points of the steel supply chain. As of March 31, 2024, 82.95% of the company’s revenue from operations was earned from exports. As of January 31, 2024, the company’s products were exported to Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman, among others.;
Founded in
2005
Managing director
Mr. Nilesh Kumar Sharma
Parent organisation
QVC Exports Ltd

Strengths & Financials of QVC Exports

Strengths
Risks
QVC Exports provides a range of products to its customers.
The company enjoys a long-standing relationship with its key customers and suppliers.
The company supplies its products directly from the premises of its suppliers to its customers. This helps it save on the costs of loading, unloading, warehouse rent, and maintenance, which in turn increases its revenue margin.
The company holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality management in import, export, and dealing in ferro alloys and iron ores.
The company's operational revenue has grown steadily over the years, rising from Rs 123.10 crore in FY22 to Rs 207.24 crore in FY23 and Rs 445.99 crore in FY24. Similarly, the profit after tax (PAT) increased from Rs 0.90 crore in FY22 to Rs 1.71 crore in FY23 and further to Rs 3.93 crore in FY24.
QVC Exports relies on the demand from the steel industry for a significant part of its revenue. Any downturn in the steel industry could adversely impact the company’s business prospects.
The company depends on a few customers for a significant part of its revenue. Any decrease in business from any one of these key customers could adversely affect the company’s prospects.
The company had negative cash flows in certain past years. Sustained negative cash flow in the future could adversely impact its growth and business.
There are outstanding litigations involving the company, its promoters, directors, and group companies. Any adverse judgments could affect its business and financial condition.
As of January 31, 2024, the company’s total outstanding borrowings amounted to Rs 51.15 crore. Any inability to service or repay this amount in time could hurt the company’s prospects.

QVC Exports Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of QVC Exports IPO

Apply asPrice bandApply Range
Regular86 - 86₹2 - 5 Lakh
High Networth Individual86 - 86₹2 - 5 Lakh
For QVC Exports IPO, eligible investors can apply as Regular.