QVC Exports IPO share allotment expected today: Steps to check status on NSE, Cameo Corporate Services

Steel-making raw material exporter QVC Exports Ltd is expected to finalise the share allotment on Monday, August 26. The public offer of QVC Exports received a robust response from retail as well as non-retail investors. The IPO was booked 535 times at the end of bidding.

The company has proposed to initiate refunds and credit of shares to demat accounts on August 27. The company will list shares on the NSE SME platform on Wednesday, August 28.

As the company will announce the share allotment on Monday, successful bidders will be informed through SMS and mail on the registered email IDs.

Investors can easily check the share allotment on the NSE and the website of the IPO registrar, Cameo Corporate Services. Follow these steps to check the share allotment in QVC Exports IPO.

Steps to check QVC Exports Ltd IPO share allotment status on the registrar website Cameo Corporate Services

• Open the website of Cameo Corporate Services Limited (https://cambridge.cameoindia.com/)
• Click on Useful Links and select IPO status
• Select company QVC Exports Limited from the Dropdown list (Name will appear after the company will finalise the status of allotment)
• Full details of PAN No or Application No
• Enter Captcha
• Click Submit to check the status

Steps to check share allotment status on the NSE website

• Open NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password
• Select QVC Exports Limited
• Verify PAN No
• Enter IPO application No
• Click on Submit

QVC Exports IPO was open for subscription from August 21 to August 23. The ₹24.07 crore public offer, a fixed price issue, comprised a fresh issue of 20.5 lakh shares worth up to ₹17.63 crores and an offer for sale of 7.49 lakh shares worth up to ₹6.44 crores.

QVC Exports fixed the price at ₹86 per share for the IPO. The minimum lot size was 1600 shares. The minimum amount of investment was ₹1,37,600.

Khandwala Securities Ltd is the book-running lead manager. Cameo Corporate Services Limited is the registrar for the QVC Exports IPO.

At the end of bidding on August 23, the issue was booked 535 times. Bids for 142.18 crore shares worth ₹12,227.59 crore were received against 26,57,600 shares on offer.

Retail investor's quota was booked 418 times with bids for 55.66 crore shares against 13.29 lakh shares on offer.

The other investor category was booked 596.57 times as bids for 79.22 crore shares were received against 13.28 lakh shares on offer.

QVC Exports deals in raw materials for the manufacturing of steel. It procures raw materials required for manufacturers of ferroalloys, such as manganese ore, chrome ore and coke. The company also sources finished products, being varied categories of ferroalloys and further sells to domestic and international steel manufacturers.

The company earns a majority of its revenue from operations from exporting products to reputed steel manufacturers in various countries.