QVC Exports IPO subscription status started on August 21, 2024, and will close on August 23, 2024. The company aims to raise approximately ₹24.07 crore via this IPO. The retail quota is 50%, and NII is 50%. The price band is set at ₹86 per equity share.
The IPO consists of a minimum market lot of 1600 shares requiring an application amount of ₹1,37,600. QVC Exports IPO is an SME IPO, and it will be listed on the NSE.
Table of contents
QVC Exports IPO Overview
The company specializes in ferroalloys such as high-carbon silico manganese and ferrosilicon. They also supply raw materials for steel production. Their business model involves sourcing raw materials like manganese ore and coke, purchasing finished ferroalloys, and selling them to both domestic and international steel manufacturers. Consequently, this approach establishes a strong customer and supplier base, serving various points in the steel supply chain. As of March 31, 2024, 82.95% of their revenue comes from exports. Furthermore, by January 31, 2024, they had exported to countries including Taiwan, Japan, Bangladesh, and more. They import manganese ore from reputable suppliers in Hong Kong and France.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
QVC Exports IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 2.39 | 8.40 | 596.57 |
| RII | 14.83 | 51.93 | 418.64 |
| Total | 8.61 | 30.18 | 535.00 |
QVC Exports IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for QVC Exports
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QVC Exports IPO Form
To apply for the QVC Exports IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on August 21, 2024, for NII and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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