QVC Exports IPO Review

QVC Exports is 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 and also engaged in the dealing in raw materials for manufacturing of steel.

The Company is led by experienced Promoters named, NILESH KUMAR SHARMA, MADHU SHARMA, PRITI SHARMA and MATASHREE MERCANTILE.

QVC Exports' revenues from operations for the Fiscals 2024, 2023 and 2022 are ₹45,462.68 lakhs, ₹21,471.14 lakhs, and ₹12,782.50 lakhs, respectively. Their EBITDA for the Fiscals 2024, 2023 and 2022 are ₹1,071.42 lakhs, ₹441.19 lakhs, and ₹234.02 lakhs, respectively. Their Profit after Tax for the Fiscals 2024, 2023 and 2022 is ₹604.92 lakhs, ₹230.32 lakhs and ₹123.39 lakhs, respectively. This indicates a somewhat steady financial performance.

For the QVC Exports IPO, the company is issuing shares at a pre-issue EPS of ₹7.20 and a post-issue EPS of ₹5.78. The pre-issue P/E ratio is 11.94x, while the post-issue P/E ratio is 14.87x against the industry P/E ratio of 25x. The company's ROCE for FY24 is 34.22% and ROE for FY24 is 7.20%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of QVC Exports indicates potential listing gains of 55% - 63%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply the QVC Exports Limited IPO for Listing gain or long term investment purposes.