1) QVC Exports IPO size
The IPO is a greenfield 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 each, and investors can bid for 1,600 shares in 1 lot.
3) QVC Exports GMP
In it unlisted marketThe company’s shares are trading at a GMP of Rs 50, which translates to a 58% premium over the issue price.
4) About QVC exports
The company is engaged in the business of trading ferroalloysincluding, but not limited to, high carbon silicomanganese, low carbon silicomanganese, high carbon ferromanganese, high carbon ferrochrome and ferrosilicon. It also engages in the marketing of raw materials for steelmaking.5) Industry overview
Ferroalloys are one of the most important inputs in the manufacture of alloys and special steels. They confer special properties to steel. Alloys provide increased corrosion resistance, improve hardness and tensile strength at high temperatures, provide wear and abrasion resistance and increase creep resistance, etc.
Read also: Unimech Aerospace and Manjushree Technopack file preliminary IPO documents with Sebi
6) Financial performance of Forcas Studio
For the year ended March 2024, the company reported total revenue of Rs 446 crore and net profit of Rs 3.92 crore.
7) Objects of the offer
The net proceeds from the public offering will be used for the repayment of unsecured borrowings, funding working capital needs and other general corporate purposes.
8) Senior Managers and Registrar
Khandwala Values is acting as lead administrator for the issue and Cameo Corporate Services is the registrar.
9) Structure of the issue
Approximately 50% of the offering is reserved for retail investors and the remaining 50% for other investors.
10) Important dates
The IPO opened on August 21 and will close on August 23. Final allotment will likely take place on August 26. The company’s shares will likely begin trading on August 28.
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