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.

QVC, a Fixed Price Issue amounting to ₹240.66 crores, consisting a Fresh Issue of 20.49 Lakh Shares worth ₹176.26 crores and an Offer for Sale of 7.48 Lakh Shares totaling to ₹64.39 crores. The subscription period for the QVC IPO opens on August 21, 2024, and closes on August 23, 2024. The allotment is expected to be finalized on or about Monday, August 26, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Wednesday, August 28, 2024.

The Share price of QVC IPO is set at ₹86 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹137,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹275,200.

KHANDWALA SECURITIES LIMITED is the book-running lead manager, CAMEO CORPORATE SERVICES LIMITED is the registrar for the Issue. Aftertrade Broking Private Limited will act as the Market Maker for the QVC Exports IPO.

QVC Exports Limited IPO GMP Today
The Grey Market Premium of QVC Exports Limited IPO is expected in the range of ₹50 to ₹55 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

QVC Exports Limited IPO Live Subscription Status Today
As of 04:17 PM on 23rd August 2024, the QVC Exports Limited IPO live subscription status shows that the IPO subscribed 473.58 times on last day of subscription period. Check the QVC Exports Limited IPO Live Subscription Status Today at NSE.

QVC Exports Limited IPO Allotment Status
QVC Exports IPO allotment date is 26 August, 2024, Monday. QVC Exports IPO Allotment will be out on 26th August 2024 and will be live on Registrar Website from the allotment date. Check QVC Exports Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select QVC Exports Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of QVC Exports Limited IPO
QVC Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
A. ₹109.00 Lakhs is required to repay the unsecured loans taken by the Company 
B. ₹900.00 Lakhs is required to meet working capital requirement 
C. General Corporate Purposes

Refer to QVC Exports Limited RHP for more details about the Company.

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About QVC Exports Limited

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. They have devised a unique business model, wherein they procure raw materials required for manufacturers of ferro alloys, such as, manganese ore, chrome ore, coke, and purchase their finished products, being varied categories of ferro alloys and further sell it to domestic and international steel manufacturers. They have created a unique inward and outward model, wherein they procure raw materials for a manufacturer and further sell the finished products of the same manufacturer, thereby creating a wide and reliable customer and supplier base and ability of serving manufacturers at different points of the steel supply chain. As on March 31, 2024, 82.95% of their revenue from operations was earned from their export operations. Further, as of January 31, 2024, they export their products to various countries, including but not limited to Taiwan, Japan, Bangaladesh, Vietnam, Thailand, Turkey, Aganistan, Korea, Italy, Ukrain, United Kingdome, Belgium, Oman, etc. They import manganese ore, manganese ore lumps from reputed miners and manufactures in Hong Kong and France.

A majority of their revenue from operations is earned from exporting their products to reputed steel manufacturers in various countries. They are also a supplier of ferro alloys for a lot of reputed Indian manufacturers and therefore in order to maintain such clientele, they are bound to ensure that the products procured by them are of utmost quality and are compliant with the quality requirements of our customers. They deploy independent inspection agencies such as Bureau Veritas, IRA, SGS etc. Furthermore, their Company has devised an extensive supplier selection process in order to identify and evaluate the effectiveness and quality of the products manufactured by the suppliers, reduce purchase risk, maximize overall value to the purchaser, and develop closeness and long-term relationships between buyers and suppliers. Owing to their commitment to quality, the Company has received a certificate of registration dated April 8, 2023 from Bureau Veritas (India) Private Limited certifying that the management system of their Company have been found to be compliant with management system standards.

INDIAN FERRO ALLOYS INDUSTRY
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. The growth of Ferro-alloys Industry is, thus, linked with the development of the Iron and Steel Industry, Foundry Industry and to some extent Electrode Industry. The principal ferroalloys are chromium, manganese and silicon. The product series consists mainly of ferromanganese, silico-manganese, ferro-silicon and ferro-chrome.

Ferro-alloys are classified into two main categories, viz, bulk ferro-alloys and noble ferroalloys. Owing to high cost of power, Ferro-alloys Industry has not been operating to its full capacity in India. The Electricity cost accounts over 40 % to 70 % of total cost of production, depending on the Ferro Alloys produced.

At present, major portion of the ferro-alloys produced is exported. Ferro-manganese, silicomanganese, ferro-silicon, high carbon ferro-chrome and charge-chrome are exported after meeting the domestic requirements. India has sufficient highly skilled technical manpower and the latest equipment technology for production of ferro-alloys.

India ranks 1st in the world for the export of Sillico Manganese & ranks 4th in the world for export of Ferro Manganese.

Ferro-manganese/Silico-manganese
Ferro-manganese is produced as high carbon ferro-manganese with 72-82% Mn, 6-8% C and 1.5% Si, medium carbon ferro-manganese with 74-82% Mn, 1-3% C and 1.5% Si and low carbon ferromanganese with 80-85% Mn, 0.1-0.7% C and 1-2% Si. Manganese in the form of ferro-manganese is added for hardening and desulphurisation of steel.

Silico-manganese, a combination of 60-70% manganese, 16-28% silicon and 1.5 to 2.5% carbon is used as a more effective deoxidizing agent than high carbon ferromanganese in the production of various types of steels. It is also used as feedstock to produce refined alloys like medium and low carbon ferromanganese. It consumes around 4,750 to 5,250 kWh power per tonne of silico-manganese produced. Silico-manganese has emerged as a more important alloy than ferro-manganese. The country, thus, has emerged as a leading producer of silico-manganese. Silicomanganese was also produced by a number of small-scale ferro-alloy producers. The total production of ferromanganese in 2017-18 was about 5,18,000 tonnes which remained same in 2018-19. The estimated consumption of ferromanganese was 50,800 tonnes in 2017-18. The production of silicomanganese (including medium-carbon & lowcarbon silicomanganese) which was about 3,11,326 tonnes in 2017-18 increased to 3,45,291 tonnes in 2018-19. In 2017-18, the total consumption of silicomanganese by all industries has been estimated at 1,22,600 tonnes.

Ferrrochrome/Chargechrome
Ferrochrome when added to steel imparts hardness, strength and augments its stainless characteristics. For every tonnes of stainless steel (depending on the grade), there is 17-23% of chrome content is required. Hence, if the stainlesssteel Industry grows, the ferrochrome Industry also grows. Carbon content classifies the ferrochrome alloy into high-carbon (6-8%), medium-carbon (3-4%) and low-carbon (1.5-3%), although chromium content in all the three grades is around 60-70%. Around 2.5 tonnes chrome ore with an estimated power consumption of 4,500 kWh is required to produce one tonne of ferrochrome. Ferrochrome is produced by electric carbothermic reduction of chromite. The total production of ferrochrome/charge chrome in 2017-18 was about 9,44,000 tonnes which remained same in 2018-19. The consumption of ferrochrome was estimated at 14,600 tonnes in 2017-18.

Ferrosilicon
Ferrosilicon contains about 75-90% silicon and minor amounts of iron, carbon, etc. It is produced by using quartzite, iron ore, coke and electrode paste. Around 1.75 to 2 tonnes quartzite is required to produce one tonne of ferrosilicon. A very high consumption of power, i.e., 9,000 to 10,000 kWh is required to produce one tonne of ferrosilicon. It is a powerful deoxidising agent and its major applications are in electrical steel used for transformers and dynamos, alloy steel for tools & automobile valves and in iron casting and mineral dressing. Ferrosilicon is used by the military to quickly produce hydrogen for balloons. For this, chemical reaction of sodium hydroxide, ferrosilicon and water is utilised.

Depending on the process of steel making and the type of steel being manufactured, the requirement of different ferroalloys varies widely. Indian Ferroalloys Industry has immense potential and capability to compete in the international market. On the positive side, India produces some of the finest ferroalloys in the world. Indian ferroalloys are extensively preferred in Europe. India exports potential is indeed bright with very high growth prospects. As per the steelworld report, ferroalloys Industry is estimated to grow at a CAGR of 5.9% between 2017 to 2025 and is expected to reach a valuation of US$ 188.7 Bn by 2025. India is expected to show strong growth in usage of steel in the coming years because of its robust economy, massive infrastructure needs and expansion of industrial production. India is expected to become one of the leading steel consuming nations in the next decade. In this scenario, the Ferroalloys Industry estimates that the consumption of ferroalloys will increase domestically and internationally in the coming years. Some of the Ferroalloy Producers have already gone for expansion and some new units are coming up. As per the National Steel Policy, 2017, Ferroalloy is a power intensive industry. Hence, captive power generation in the ferroalloys plants will be extensively supported. Since the demand for ferroalloys is likely to grow along with steel production in the country, the Industry would have to be encouraged to set up larger units to achieve adequate economies of scale. Efforts in the direction of providing necessary raw materials linkages and stable supply of power to the Ferroalloy units must be rendered priority.

QVC EXPORTS LIMITED STRENGTHS
1. Long Standing Relationship with key Customers & Suppliers
2. Quality Assurance
3. Wide range of Products
4. Experienced Promoters and professional management team with technical expertise
5. Reduced warehousing, storage and overhead expenses

QVC EXPORTS LIMITED STRATEGIES
1. Augment their fund based capacities in order to scale up business operation
2. Improving operational efficiencies
3. Leveraging their Market skills and Relationships
4. Enhance customer base by entering new geographies to establish long-term relationships

QVC EXPORTS LIMITED RISK FACTORS & CONCERNS
1. The Company is reliant on the demand from the steel industry for a significant portion of their revenue.
2. The commercial success of their services depends to a large extent on the success of the success of the end use customers.
3. They derive majority of their revenue from their export operations.