QVC Exports Limited IPO
The company specializes in the trading and distribution of ferroalloys, including but not limited to high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome, and ferro silicon. Additionally, they are actively involved in sourcing raw materials critical to the steel manufacturing process. Their innovative business model enables them to procure essential raw materials like manganese ore, chrome ore, and coke, which are necessary for the production of ferroalloys. They then purchase the finished ferroalloy products from manufacturers and sell them to steel producers both domestically and internationally.
This unique inward and outward model allows us to create a robust and reliable customer and supplier base, effectively serving manufacturers at different stages of the steel supply chain. By March 31, 2024, a significant 82.95% of their operational revenue was generated through export activities. Their products are exported to a wide array of countries, including Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman, among others. They also import manganese ore and manganese ore lumps from reputable miners and manufacturers based in Hong Kong and France.
As a supplier to well-known Indian steel manufacturers, they are committed to maintaining the highest standards of quality for the products they procure and deliver. To ensure quality compliance, they engage independent inspection agencies such as Bureau Veritas, IRA, and SGS, and maintain a rigorous follow-up process with their customers. In the event of any quality issues, they take corrective and preventive measures by investigating the root cause, updating their customers on their findings, and, if necessary, altering their suppliers or inspection agencies to prevent recurrence.
Their company has developed a thorough supplier selection process to evaluate and select suppliers based on their product quality, reducing purchase risks, and maximizing overall value. This process fosters close, long-term relationships with their suppliers and ensures that they only engage with manufacturers who meet their stringent quality standards. They also conduct site visits to the mines and manufacturing units of their suppliers to ensure adherence to quality practices.
Due to their unwavering commitment to quality, their company has received certifications from Bureau Veritas (India) Private Limited, attesting that their management systems comply with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards.
This consistent growth underscores their ability to adapt and thrive in the competitive global market, while maintaining their commitment to quality and customer satisfaction.
Objects of the QVC Exports Limited IPO:
QVC Exports Limited IPO Details:
Open Date: | Aug 21 2024 |
Close Date: | Aug 23 2024 |
Total Shares: | 2,798,400 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 24.07 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 86 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Aug 28 2024 |
Promoters And Management:
Financials of QVC Exports Limited IPO:
Particulars ( In Lakhs ) |
2022 |
2023 |
2024 |
Revenue from Operations | 12,310 | 20,724 | 44,599 |
Other Income | 472 | 747 | 864 |
Total Revenue | 12,783 | 21,471 | 45,463 |
Purchase of Traded Goods | 10,667 | 18,610 | 41,394 |
Changes in inventories | -167 | 421 | 0 |
Employees Benefit Expenses | 95 | 70 | 89 |
Other Expenses | 1,953 | 1,928 | 2,908 |
EBITDA | 234 | 441 | 1,071 |
OPM (%) | 1.83% | 2.05% | 2.36% |
Depreciation & Amortisation | 10 | 11 | 26 |
EBIT | 224 | 430 | 1,046 |
Finance Cost | 99 | 207 | 503 |
PBT | 125 | 223 | 542 |
Tax | 34 | 52 | 149 |
PAT | 91 | 171 | 393 |
NPM (%) | 0.71% | 0.80% | 0.86% |
No.of Shares | 104.51 | 104.51 | 104.51 |
EPS | 0.86 | 1.64 | 3.75 |
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