QVC Exports Limited IPO launches on August 21, 2024

QVC Exports Limited is a provider of Ferroalloys QYOUR and essential raw materials for steel manufacturing, has announced its plan to go public with an IPO on August 21, 2024, aiming to raise Rs 24.07 Crore, with shares to be listed on the NSE Emerge platform.

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The issue size is Up To 27, 98,400 equity shares at a face value of Rs 10 each.

Equity Share Allocation

* Non-Institutional Investors (NII) - Up 13, 28,000 to Equity Shares

* Retail Individual Investors (RII) - Up 13, 29,600 to Equity Shares

* Market Maker - Up 1, 40,800 to Equity Shares

The net proceeds from the Issue will be utilized primarily for Funding of Repayment of Unsecured Loans of the company and Working Capital Requirement of the company. The issue will open for subscription on Wednesday, August 21, 2024 and closes on Friday, August 23, 2024.

The Lead Manager to the Issue is Khandwala Securities Limited; The Registrar to the Issue is Cameo Corporate Services Limited.