Ferroalloys, such as ferro silicon, high-carbon ferrochrome, low-carbon silico manganese, high-carbon ferro manganese, and high-carbon ferrochrome, are sold by QVC Exports. It also deals in raw materials used in the production of steel. The company buys the final goods, which are various ferroalloy categories, and sells them to local and foreign steel makers. It also procures raw materials needed by ferroalloy manufacturers, such as coke, manganese ore, and chrome ore.
QVC Exports: Full Details
The business has created a unique business strategy that improves how it operates. Purchasing coke, manganese ore, and chrome ore as raw materials is part of this paradigm for ferro alloy producers. After that, it buys their completed ferro alloys and sells them to steel producers in the US and abroad. This strategy enables it to support manufacturers at different stages of the steel supply chain by maintaining a strong and dependable network of clients and suppliers. 82.95% of its operational revenue as of March 31, 2024, came from exports. By January 31, 2024, Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman were among the nations to which its products were being sold.
QVC Exports: IPO Details
| IPO Size |  ₹24.07 Crores |
| Fresh issue | ₹17.63 Crores |
| Offer for sale | ₹6.44 Crores |
| Lot Size | 1600 Shares |
| Price | ₹86 Per Share |
| Face Value | ₹10 Per Share |
| IPO Listing | NSE SME |
QVC Exports: IPO Date
| IPO Open Date | 21st August, 2024 |
| IPO Close Date | 23rd August, 2024 |
| Basis Of Allotment | 26th August, 2024 |
| Refund | 27th August, 2024 |
| Credit to Demat Account | 27th August, 2024 |
| IPO Listing Date | 28th August, 2024 |
QVC Exports: Objectives
- To pay back the company’s unsecured loans
- To fulfill the need for working capital
- General corporate instances
