Qualiance International IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Allotment Out
Dates
Sep 04 to Sep 08 2026
Price Band
₹120 - 127
Current GMP
₹68 (53.54%)
Subscription
459.22 times
IPO Details
| IPO Date | 4 to 8 Sep, 2026 |
| Listing Date | Fri, Sep 11, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹120 to ₹127 |
| Issue Price | ₹127 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 35,52,000 shares (agg. up to ₹ 45 Cr) |
| Reserved for Market Maker | 1,80,000 shares (agg. up to ₹ 2 Cr) Hem Finlease Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 33,72,000 shares (agg. up to ₹ 43 Cr) |
| Net Offered to Public | 33,72,000 shares (agg. up to ₹ 43 Cr) |
| Share Holding Pre Issue | 99,00,000 shares |
| Share Holding Post Issue | 1,34,52,000 shares |
IPO Date
4 to 8 Sep, 2026
Listing Date
Fri, Sep 11, 2026
Face Value
₹ 10 per share
Price Band
₹120 to ₹127
Issue Price
₹127 per share
Lot Size
1,000 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Total Issue Size
35,52,000 shares (agg. up to ₹ 45 Cr)
Reserved for Market Maker
1,80,000 shares (agg. up to ₹ 2 Cr) Hem Finlease Pvt.Ltd.
Fresh Issue (Ex Market Maker)
33,72,000 shares (agg. up to ₹ 43 Cr)
Net Offered to Public
33,72,000 shares (agg. up to ₹ 43 Cr)
Share Holding Pre Issue
99,00,000 shares
Share Holding Post Issue
1,34,52,000 shares
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 299.60 |
| NII*** | 699.59 |
| bNII (> ₹10L) | 850.76 |
| sNII (< ₹10L) | 402.57 |
| Individual Investors | 447.13 |
| Total ** | 459.22 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
299.60
NII***
699.59
bNII (> ₹10L)
850.76
sNII (< ₹10L)
402.57
Individual Investors
447.13
Total **
459.22
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Sep 4 (Day 1) | 4.10 | 13.80 | 13.82 | 13.78 | 19.29 | 13.78 |
| Sep 7 (Day 2) | 5.75 | 135.70 | 158.26 | 91.38 | 120.73 | 91.14 |
| Sep 8 (Day 3) | 299.60 | 699.59 | 850.76 | 402.57 | 447.13 | 459.22 |
DaySep 4
(Day 1)
QIB (Ex Anchor)4.10
NII*13.80
NII (> ₹10L)13.82
NII (< ₹10L)13.78
Individual Investors19.29
Total13.78
DaySep 7
(Day 2)
QIB (Ex Anchor)5.75
NII*135.70
NII (> ₹10L)158.26
NII (< ₹10L)91.38
Individual Investors120.73
Total91.14
DaySep 8
(Day 3)
QIB (Ex Anchor)299.60
NII*699.59
NII (> ₹10L)850.76
NII (< ₹10L)402.57
Individual Investors447.13
Total459.22
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 09-09-2026 | 127 | 68 (53.54%) | 195 |
| 08-09-2026 | 127 | 65 (51.18%) | 192 |
| 07-09-2026 | 127 | 60 (47.24%) | 187 |
| 06-09-2026 | 127 | 55 (43.31%) | 182 |
| 05-09-2026 | 127 | 55 (43.31%) | 182 |
| 04-09-2026 | 127 | 55 (43.31%) | 182 |
| 03-09-2026 | 127 | 55 (43.31%) | 182 |
| 02-09-2026 | 127 | 55 (43.31%) | 182 |
| 01-09-2026 | 127 | 50 (39.37%) | 177 |
GMP Date09-09-2026
IPO Price127
GMP68 (53.54%)
Est. Listing Price195
GMP Date08-09-2026
IPO Price127
GMP65 (51.18%)
Est. Listing Price192
GMP Date07-09-2026
IPO Price127
GMP60 (47.24%)
Est. Listing Price187
GMP Date06-09-2026
IPO Price127
GMP55 (43.31%)
Est. Listing Price182
GMP Date05-09-2026
IPO Price127
GMP55 (43.31%)
Est. Listing Price182
GMP Date04-09-2026
IPO Price127
GMP55 (43.31%)
Est. Listing Price182
GMP Date03-09-2026
IPO Price127
GMP55 (43.31%)
Est. Listing Price182
GMP Date02-09-2026
IPO Price127
GMP55 (43.31%)
Est. Listing Price182
GMP Date01-09-2026
IPO Price127
GMP50 (39.37%)
Est. Listing Price177
IPO Important Dates
| IPO Open | Fri, Sep 4, 2026 |
| IPO Close | Tue, Sep 8, 2026 |
| Allotment | Wed, Sep 9, 2026 |
| Refund | Thu, Sep 10, 2026 |
| Credit of Shares | Thu, Sep 10, 2026 |
| Listing | Fri, Sep 11, 2026 |
IPO Open
Fri, Sep 4, 2026
IPO Close
Tue, Sep 8, 2026
Allotment
Wed, Sep 9, 2026
Refund
Thu, Sep 10, 2026
Credit of Shares
Thu, Sep 10, 2026
Listing
Fri, Sep 11, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2000 | ₹2,54,000 |
| Individual investors (IND) (Max) | 2 | 2000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,16,000 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares2000
Amount₹2,54,000
ApplicationIndividual investors (IND) (Max)
Lots2
Shares2000
Amount₹2,54,000
ApplicationS-HNI (Min)
Lots3
Shares3000
Amount₹3,81,000
ApplicationS-HNI (Max)
Lots7
Shares7000
Amount₹8,89,000
ApplicationB-HNI (Min)
Lots8
Shares8000
Amount₹10,16,000
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 68.99 | 57.53 | 43.14 |
| Total Income | 80.95 | 55.06 | 38.14 |
| Profit After Tax | 11.87 | 4.90 | 2.84 |
| EBITDA | 16.72 | 7.97 | 4.86 |
| NET Worth | 24.74 | 13.82 | 8.92 |
| Reserves and Surplus | 24.75 | 14.54 | 10.41 |
| Total Borrowing | 28.50 | 29.71 | 19.17 |
Period EndedAssets
31 Mar 202668.99
31 Mar 202557.53
31 Mar 202443.14
Period EndedTotal Income
31 Mar 202680.95
31 Mar 202555.06
31 Mar 202438.14
Period EndedProfit After Tax
31 Mar 202611.87
31 Mar 20254.90
31 Mar 20242.84
Period EndedEBITDA
31 Mar 202616.72
31 Mar 20257.97
31 Mar 20244.86
Period EndedNET Worth
31 Mar 202624.74
31 Mar 202513.82
31 Mar 20248.92
Period EndedReserves and Surplus
31 Mar 202624.75
31 Mar 202514.54
31 Mar 202410.41
Period EndedTotal Borrowing
31 Mar 202628.50
31 Mar 202529.71
31 Mar 202419.17
Key Performance Indicator
| ROE | 61.56% |
| ROCE | 37.33% |
| Debt/Equity | 1.15 |
| RoNW | 47.98% |
| PAT Margin | 15.44% |
| EBITDA Margin | 21.74% |
| NAV | 24.99 |
| Price to Book Value | 5.08 |
ROE
61.56%
ROCE
37.33%
Debt/Equity
1.15
RoNW
47.98%
PAT Margin
15.44%
EBITDA Margin
21.74%
NAV
24.99
Price to Book Value
5.08
IPO Reservation
| QIB | 16,83,000 |
| − Anchor Investor | 10,09,000 |
| − QIB (Ex. Anchor) | 6,74,000 |
| NII (HNI) | 5,07,000 |
| − bNII > ₹10L | 3,36,000 |
| − sNII < ₹10L | 1,71,000 |
| Retail | 11,82,000 |
| Market Maker | 1,80,000 |
| Total | 35,52,000 |
QIB
16,83,000
− Anchor Investor
10,09,000
− QIB (Ex. Anchor)
6,74,000
NII (HNI)
5,07,000
− bNII > ₹10L
3,36,000
− sNII < ₹10L
1,71,000
Retail
11,82,000
Market Maker
1,80,000
Total
35,52,000
Information about company
Incorporated in August 2006, Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance and technical garments for institutional, government and brand clients in international markets. The Company originally commenced operations as a partnership firm, M/s. Qualiance Exports, in 1994 and was subsequently incorporated as Qualiance International Private Limited before being converted into a public limited company in December 2025. Its product portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, police and border patrol uniforms, protective workwear and performance activewear.
The Company operates a manufacturing facility in Tiruppur, Tamil Nadu, with an installed capacity of 450,000 garment pieces per annum. The facility supports various manufacturing activities, including regular cut-and-sew operations and specialized processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting and lamination. The Company manufactures both knitted and woven garments based on customer specifications, technical drawings, patterns and performance requirements.
The Company primarily serves customers across Europe and North America, including government, institutional and brand clients. Its export-focused business contributed 98.82% of revenue from operations in Fiscal 2026. The Company follows quality and compliance standards applicable to international markets and holds certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 14064-1:2018, SA 8000, GOTS and GRS, along with SEDEX SMETA audit compliance. The Company also holds the status of a Two Star Export House issued by the Government of India.
As of June 30, 2026, the Company had 255 payroll employees across its manufacturing facility and office operations, supported by contractual labour engaged based on production requirements.
Competitive Strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu
2: General Corporate Purpose
: Total
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App