QVC Exports Ltd.

 

Face Value: ₹10 per share
Price: ₹86 per share

Lot Size: 1600 shares

Fresh Issue: 2,798,400 shares

Listing Date: August 28, 2024

 

The company was started in 2005. The company mainly buys Manganese Ore from other countries and sells it to companies that make Ferro Alloys. It also sells Ferro Alloys (Ferro Manganese, Ferro Silico Manganese, Ferro Chrome, and Ferro Silicon) to other countries. They started selling and buying Manganese Ore and Ferro Alloys in the year 2008. QVC Exports deals in almost all the metals, minerals, and raw materials.

 

Promoters of the company are Nilesh Kumar Sharma, Madhu Sharma, and Priti Sharma. Besides this, QVC Exports is also promoted by two enterprises named Matashree Mercantile Pvt. Ltd. and  Unity Vyapaar Pvt. Ltd. The company is known for its reliability and excellence in delivering diverse goods to a wide range of customers. 

 

During their bidding period, QVC Exports was subscribed over 200 times.

 

For the fiscal year ending in March 2024, the company achieved a total revenue of ₹446 crore and a net profit of ₹3.92 crore.

 

Khandwala Securities is serving as the lead manager for the IPO, with Cameo Corporate Services as the registrar.

 

The shares of QVC are trading with a GMP of ₹80, indicating a 93% premium over the issue price.

 

Orient Technologies Ltd.

 

Face Value: ₹10 per share
Price Band: ₹195 to ₹205 per share

Lot Size: 72 shares

Fresh Issue: 5,825,243 shares

Listing Date: August 28, 2024

 

The company is a leading IT solution provider established in 1997. The company’s headquarters is located in Mumbai, Maharashtra.

 

Orient offers a wide range of services, including IT Infrastructure, IT-enabled services, and cloud and data management to its customers, and also provides cloud services to industries like pharmaceuticals, healthcare, government-PSU, and more. With that, the company mainly focuses on innovation and customer satisfaction. 

 

The promoters of the company are Ajay Baliram Sawant, Jayesh Manharlal Shah, Umesh Navnital Shah, and Ujwal Arvind Mhatre. 

 

The company experienced strong financial growth in the past fiscal year. The revenue increased by 12% and profit after tax rose by 8%. This positive performance indicates the company's ability to work efficiently and management of its resources. 

 

Orient Technologies has built a solid reputation for delivering high-quality services, making themselves a trusted choice for their clients. 

 

The grey market premium for Orient Technologies Ltd. has a slight decrease due to the increased market volatility. The company is trading at a premium of ₹60 per share in the unofficial market, indicating a potential listing gain of about 30% for investors.

 

The company's fundamentals appear strong, showing a healthy CAGR of 13.6% in revenue, 11.3% in EBITDA, and 9.8% in profit after tax over the FY22-24 period.

 

The issue was subscribed about 6.65 times on the first day of bidding and reached approximately 17 times subscription by the end of the second day and further more than 80 times on the third day.

 

Ideal Technoplast Industries Ltd. 

 

Face Value: ₹10 per share
Price: ₹86 per share

Lot Size: 100 shares

Fresh Issue: 1,325,000 shares

Listing Date: August 28, 2024

 

Ideal Technoplast Industries was established in 2012. The company is a prominent producer of rigid plastic packaging and offers a wide range of industrial packaging solutions, including square, round, and twisted containers and bottles, these products serve other sectors like agriculture, chemicals, adhesives, cosmetics, etc. The company caters to both domestic and international markets. 

 

Spanning 20,000 sq. feet, the company boasts a state-of-the-art manufacturing facility which is located in Surat. It is equipped with advanced technology and a fully automated production line.

 

Ideal Technoplast Industries Ltd. operates in a competitive landscape alongside listed peers like TPL Plastech Ltd., Mold-Tek Packaging Ltd., etc. 

 

Promoters of the company are Prafulbhai Karshanbhai Vaghasia, Vaishnavi Prafulbhai Vaghasia, Vipulbhai Dulabhai Mendapara, Mitulaben Vipulbhai, and many more. 

 

Ideal Technoplast Industries' IPO was subscribed 11.49 times overall. The retail investor portion saw 19.52 times subscriptions, while the segment for other investors subscribed 3.47 times.

 

Shares of Ideal Technoplast Industries were trading at a ₹15 premium in the grey market.

 

Conclusion:

 

QVC Exports, Orient Technologies, and Ideal Technoplast Industries offer diverse investment opportunities across sectors like exports and imports, IT solutions, and industrial packaging, with strong market positions and promising growth prospects, these companies present potential for solid returns, making them appealing choices for investors in 2024. 

 

Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Please consult an expert before making any related decisions.