Qvc Exports IPO Allotment Status Online

Last Updated: August 21, 2024

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Qvc Exports IPO Allotment Status Online: Qvc Exports IPO is Open on 21 August 2024 and Close on 23 August 2024. Qvc Exports IPO to Raise 2,798,400 shares (Approx ₹24.07 Cr) via IPO. The Fresh Issue is 2,049,600 shares (Approx ₹17.63 Cr) and The Offer For Sale is 748,800 shares of ₹10 (Approx ₹6.44 Cr).

The Retail Quota is 50%
QIB is -%
NII is 50%

Qvc Exports IPO Basis of Allotment Status on 26 August 2024. Qvc Exports IPO Refund Date is 27 August 2024 and Qvc Exports IPO Credit to Demat on 27 August 2024.

Also Read: Qvc Exports IPO Details Today, Date, Price, GMP, Review

Qvc Exports IPO Allotment Link Online

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About –Qvc Exports Incorporation August 2005 in 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.We also engaged in the dealing in raw materials for manufacturing of steel. We have devised a unique business model, wherein we 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.Details of the products sold and marketed by us have been provided below :-Manganese Ore :- Manganese (Mn) is essential to iron and steel production by virtue of its sulfur- fixing, deoxidizing, and alloying properties. Steel making, including its iron making component, accounts for most domestic manganese demand, presently in the range of 85% to 90% of the total. Manganese ferroalloys, consisting of various grades of ferro manganese and silico manganese, are used to provide most of this key ingredient to steel making. Products for construction, machinery, and transportation are leading end uses of manganese. Manganese also is a key component of certain widely used aluminum alloys and, in oxide form, dry cell batteries.Ferro Manganese :- Ferro Manganese is primarily an alloy of manganese and iron. It contains a high content of manganese and used in steel products wherein silicon content needs to be controlled at low levels. It is mainly used in the silico manganese production of flat steel, manganese-rich steel and stainless- steel products.Silicon Manganese :- Silicon Manganese is an alloy of manganese, silicon and iron. It is a cost- effective blend of manganese and silicon and is normally the product of choice for steel manufacturers. It is consumed in all steel products and used in higher quantities in 200 series stainless steel, alloy steel and manganese steel.Ferro Chrome :- Ferro Chrome is an alloy of chromium & iron containing 50 – 70% chromium by weight. Addition of chromium improves the strength and yield point of steel and reduces elongation insignificantly. The presence of Chromium in carbon steels improves their hardness and wear resistance. Ferro Chrome is made from a mixture of Chromite Ore & Iron in an electric arc furnace. Ferro Chrome is majorly produced in South Africa, China, Kazakhstan, Russia and India. Most of the Low Carbon Ferro Chrome is used in the production of Stainless steel.The additions of Ferro Chrome in low alloy steels contribute towards a range of improved properties, especially to achieve a balance of through-section hardness and toughness in Engineering Steels such as bearing, tool, high strength/low alloy and high speed steels, pumps, valves, pipes, rolls and wear plates.Ferro Silicon :- Ferro Silicon is an alloy of silicon and iron. Silicon acts as a strong steel oxidant. Used primarily in special steels and in small quantities in mild steel. Ferro silicon is also used for manufacture of silicon, corrosion-resistant and high-temperature resistant ferrous silicon alloys, and silicon steel for electromotors and transformer cores .We 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.we export our products to various countries, including but not limited to Taiwan, Japan, Bangaladesh, Vietnam, Thailand, Turkey, Aganistan, Korea, Italy, Ukrain, United Kingdome, Belgium, Oman,etc.We import manganese ore, manganese ore lumps from reputed miners and manufactures in Hong Kong and France.A majority of our revenue from operations is earned from exporting our products to reputed steel manufacturers in various countries.We are also a supplier of ferro alloys for a lot of reputed Indian manufacturers and therefore in order to maintain such clientele, we are bound to ensure that the products procured by us are of utmost quality and are compliant with the quality requirements of our customers.We also follow up with our customers to ensure that the products supplied to them is of utmost quality. If the event our products face quality issues, we ensure that corrective and preventive steps, wherein we investigate the root cause of the issue, update our customers about our analysis and change suppliers or quality inspection agencies, to ensure that such issues are not repeated.we engage with quality manufacturers of our products, in order to stand by our commitments to our customers. We also visit the mines and manufacturing units of our suppliers to ensure that the products are manufactured by following the quality practices.

Subhash Yadav

Stock Market and Mutual Fund SIP Expert with 4+ Years of Experience. He is the Founder of Money Mint idea and Shares insights on Stock Market Trends, Mutual Funds, IPOs, and NFOs.Credentials: F&O Trading Strategies (NSE Academy, 2023) Certified Life Insurance Agent (IC38, 2024) Wikipedia Editor Username: Subhashyadav120)

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