QVC Exports IPO subscribed 508 times on the last day; check allotment status and listing date

QVC Limited IPO closed with a bumper demand on Friday, August 23, the last day of subscription, as the public issue was booked over 507 times.

The NSE SME issue received bids for more than 134.9 crore shares compared to 26.57 lakh shares on offer.

The Non-Institutional Investors (NIIs) applied for over 71.94 crore shares against 13.28 lakh shares set aside for the category, booking the portion 541.74 times.

The retail category of the IPO was booked 418.64 times with bids for 55.66 crore shares against 13.29 lakh shares set aside for the segment. The Qualified Institutional Buyers (QIBs) applied for more than 7.29 crore shares.

QVC Exports Limited IPO offer size, price band and other details

QVC Exports Limited IPO is a fixed-price issue worth ₹24.07 crore.

The public offer consisted of a fresh issue of 20.5 lakh shares, worth ₹17.63 crore, and an offer-for-sale (OFS) of 7.49 lakh shares, amounting to ₹6.44 crore. QVC Exports Limited's IPO price was set at ₹86 per share.

QVC Exports Limited IPO dates

QVC Exports Limited IPO was open for subscription from August 21 to August 23. The IPO allotment status is expected to be decided on August 26.

Refunds will be initiated for unsuccessful bidders on August 27, and shares will be credited to the successful bidders' demat accounts the same day. The company's shares are expected to be listed on the NSE SME platform Emerge on August 28.

QVC Exports Limited IPO registrar

Cameo Corporate Services Limited is the registrar of the QVC Exports IPO, while Khandwala Securities Limited is the book-running lead manager. The market maker for the QVC Exports IPO is Aftertrade Broking.

QVC Exports Limited IPO objective

The company plans to use the IPO proceeds to repay unsecured loans, and to meet working capital needs. A portion of the funds will be used for general corporate expenses.

About QVC Exports Limited

QVC Exports Limited, established in August 2005, trades in a variety of ferroalloys including high-carbon silicon manganese and ferrosilicon. By March 31, 2024, exports accounted for 82.95% of the company's revenue.

The company exports its products to several countries, including Taiwan, Japan and Bangladesh.