QVC Exports Limited is involved in the trade of ferroalloys, such as high-carbon silico manganese, low-carbon silico manganese, high-carbon ferro manganese, high-carbon ferro chrome, and ferro silicon. QVC Exports IPO is a combination of fresh issue and OFS and plans to raise ₹24.07 Cr.

• Company is engaged in the business of dealing in ferro alloys, including but not limited to high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome and ferro silicon.
• Also engaged in dealing of raw materials for manufacturing of steel.
• They procure raw materials required for manufacturers of ferro alloys, such as, manganese ore, chrome ore, coke, and purchase their finished products, being varied categories of ferro alloys and further sell it to domestic and international steel manufacturers.
• Company has 15 employees on payroll.
• Promoters of the company are Nilesh Kumar Sharma, Madhu Sharma, Priti Sharma, Matashree Mercantile Private Limited and Unity Vyapaar Private Limited.

Financials: QVC Exports IPO

QVC Exports IPO: Salient Points

• Ferro-alloys are one of the important inputs in the manufacture of alloys and special steel.
• The principal ferroalloys are chromium, manganese and silicon. The product series consists mainly of ferro-manganese, silico-manganese,
• They impart special properties to steel. The alloys provide increased resistance to corrosion, improves hardness and tensile strength at high temperature, gives wear and abrasion resistance and increases creep strength, etc.
• The growth of Ferro-alloys Industry is linked with the development of the Iron and Steel Industry, Foundry Industry and to some extent Electrode Industry.
• Net proceeds use:

• They have created a unique inward and outward model, wherein we procure raw materials for a manufacturer and further sell the finished products of the same manufacturer, thereby creating a wide and reliable customer and supplier base and ability of serving manufacturers at different points of the steel supply chain.
• Peers: there are ferroalloys manufacturers but company is into trading only.
• They are a star 2 export House, Theyy expect to get 3 star export house recognition in near future.
• Earlier used to focus more on export which account for 80-85% of their revenues.
• Now also focus on Indian market with clients like Tata Steel, Jindal staniless stell etc. and some PSE steel companies.
• Focus of company right now is to gain more market share.
• customer base spans across many sectors including retail and consumer goods, Healthcare, Manufacturing, Automotive, Food and Beverages, Energy and Utilities etc.. They serve including Indian Corporate Groups and Multi- National Corporations.
• .PE 2024: 22.9x
• I intend to apply in QVC Exports IPO subject to availability of funds. Company is basically a dealer/trader in ferro alloy and steel manufacturing materials and being mainly into trading has low margins. Still they have cobbled together a good ecosystem and achieved good growth. Average issue but may still be OK in current scenario.
• GMP as reported on social media has been Rs. 72 (83%)
• Khandwala Securities Limited is the Lead Manager and has a reasonable but limited record. They have managed SME IPO of Euphoria Infotech India, Kaushalya Logistics Limited, Vishnusurya Projects and Infra Limited.
• SME IPOs are quite volatile and new retail investors need to exercise considerable caution in my view.
• This post is exploratory and educational purposes only. Please do your own diligence before investing in SME IPOs like this.
• Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.