Business Standard

QVC Exports Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

24.07 cr

Price Range (₹)

86

Lot Size

1600

Min Investment (₹)

1,37,600.00

Listing Exchange

NSE - SME

Open Date

21-Aug-2024

Close Date

23-Aug-2024

Listing Date

28-Aug-2024

QVC Exports Ltd News

    The Shares of QVC Exports Ltd have now been listed.

    QVC Exports Ltd IPO Details

    Public offer of 27,98,400 equity shares of face value Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 86/- per equity share (including a securities premium of Rs. 76/- per equity share) (the Offer Price), aggregating to Rs. 24.07 crores (Offer), comprising a fresh issue of 20,49,600 equity shares aggregating to Rs. 17.63 crores (the Fresh Issue) and an offer for sale of 7,48,800 equity shares by Matashree Mercantile Private Limited (The Selling Shareholder) (Offer for Sale) aggregating to Rs. 6.44 crores, out of which 1,40,800 equity shares aggregating to Rs. 1.21 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of 26,57,600 equity shares of face value of Rs. 10 each at an offer price of Rs. 86/- per equity share aggregating to Rs. 22.86 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 26.78% and 25.43%, respectively of the post offer paid up equity share capital of the company. The face value of the equity share is Rs. 10/- and the offer price is 8.6 times of the face value.

    Objective of issue

    Working Capital Requirements. General Corporate Purposes.

    QVC Exports Ltd Contact Details

    QVC Exports Ltd, Subramanian Building, 1ST Floor No 1, Club House Road, Chennai - 600002

    Phone - 91-44-28462700

    Fax - 91-44-28460129

    Email - office@qvcgroup.com

    Website - www.qvcgroup.com