Qualiance International IPO
Qualiance International is an NSE SME IPO is priced at ₹120–₹127 per share with an issue size of ₹45.11 crore. The IPO opens on Sep 4, 2026 and closes on Sep 8, 2026, with a lot size of 1000 shares and a minimum investment of ₹2,54,000.
Qualiance International Limited IPO
- IPO Dates
- Sep 4, 2026 – Sep 8, 2026
- Price band
- ₹120-127 per equity share
- Minimum Investment
- ₹2,54,000
- Issue size
- ₹45.11 Cr
- Lot size
- 1000
- Allotment Date
- Sep 9, 2026
- Listing
- Sep 11, 2026
- Listing At
- NSE SME
IPO timeline
-
Sep 4, 2026
Open Date
Completed
-
Sep 8, 2026
Close Date
Upcoming
-
Sep 9, 2026
Allotment Date
Upcoming
-
Sep 11, 2026
Listing Date
Upcoming
Unofficial pre-listing indicator
Qualiance International IPO Latest Available GMP: ₹40
Qualiance International IPO latest available GMP is ₹40 per share (a 31% premium over the ₹127 upper price band), last recorded on 5 Sep 2026, 7:45 PM IST. The indicative listing price is ₹167 (₹127 upper price band + ₹40 GMP).
- GMP
- ₹40
- GMP percentage
- 31%
- Upper price band
- ₹127
- Indicative listing price
- ₹167
During the recorded period, Qualiance International IPO GMP ranged from ₹25 to ₹40. The latest GMP is ₹40.
Qualiance International IPO GMP trend (day-wise) 15 observations
| Date & time | GMP | Change | GMP % | Indicative price |
|---|---|---|---|---|
| ₹40 | ₹0 | 31% | ₹167 | |
| ₹40 | ₹0 | 31% | ₹167 | |
| ₹40 | +₹2 | 31% | ₹167 | |
| ₹38 | +₹5 | 30% | ₹165 | |
| ₹33 | ₹0 | 26% | ₹160 | |
| ₹33 | ₹0 | 26% | ₹160 | |
| ₹33 | ₹0 | 26% | ₹160 | |
| ₹33 | ₹0 | 26% | ₹160 | |
| ₹33 | ₹0 | 26% | ₹160 | |
| ₹33 | ₹0 | 26% | ₹160 |
Qualiance International IPO Live Subscription Details
View Subscription DetailsQualiance International IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Qualiance International IPO Essentials
Qualiance International IPO Details
Qualiance International IPO is priced at ₹120-127 per share with a total issue size of 45.11 crore. The IPO has a lot size of 1000 shares and will be listed on NSE SME.
- Issue price
- ₹120-127 per equity share
- Lot size
- 1000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 35,52,000 shares(agg. up to ₹45.11 Cr)
- Total issue size
- 35,52,000 shares
(aggregating up to ₹45.11 crore) - Fresh issue
- 35,52,000 shares
(aggregating up to ₹45.11 crore) - Retail Portion
- 35%
- Listing at
- NSE SME
- Listing date
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead manager
-
Hem Securities Ltd.
Market Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 2,000 | ₹2,54,000 |
| Individual(max) | 2 | 2,000 | ₹2,54,000 |
| sHNI(min) | 3 | 3,000 | ₹3,81,000 |
| sHNI(max) | 7 | 7,000 | ₹8,89,000 |
| bHNI(min) | 8 | 8,000 | ₹10,16,000 |
Qualiance International IPO Reservation
Qualiance International IPO reservation details show category-wise allocation of shares. Out of the total 3552000 shares, approximately 18.98% are reserved for QIB, 14.27% for NII, 33.28% for retail investors, 5.07% for market maker, and 28.41% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1009000 (28.41%) | |
| Market Maker Shares Offered | 180000 (5.07%) | |
| QIB Shares Offered | 674000 (18.98%) | |
| NII (HNI) Shares Offered | 507000 (14.27%) | |
| bHNI > ₹10L | 336000 (9.39%) | 112 |
| sHNI < ₹10L | 171000 (4.85%) | 57 |
| Individual Shares Offered | 1182000 (33.28%) | 591 |
| Total Shares Offered | 3552000 (100%) |
Qualiance International IPO Analytics
Qualiance International IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Qualiance International IPO Subscription Status
Qualiance International IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 13.68x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 6,74,000 |
5,07,000
3,36,000
1,71,000
|
11,82,000 | 23,63,000 |
|
Day 1
04-09-26 05:00 PM
|
4.10 x |
13.76x
13.82x
13.65x
|
18.96 x | 13.61 x |
Qualiance International Valuations
Earnings
- EPS Pre IPO
- ₹11.99/-
- EPS Post IPO
- ₹8.82/-
- P/E Pre IPO
- 10.59
- P/E Post IPO
- 14.40
Returns
- ROE
- 61,56%
- ROCE
- 37.33%
- RoNW
- 47.98%
- PAT Margin
- 15.44%
Fundamentals
- Debt / Equity
- 1.15
- Price / Book
- 5.08
- Market Cap
- ₹170.84 Cr.
Qualiance International Financials( In Crs.)
| 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | |
|---|---|---|---|
| Assets | 68.99 | 57.53 | 43.14 |
| Revenue | 80.95 | 55.06 | 38.14 |
| Profit After Tax | 11.87 | 4.90 | 2.84 |
| Net Worth | 24.74 | 13.82 | 8.92 |
| Reserves & Surplus | 24.75 | 14.54 | 10.41 |
| Total Borrowing | 28.50 | 29.71 | 19.17 |
Qualiance International Company & Offer Insights
About Qualiance International
Qualiance International Limited manufactures performance clothing for its government, institutional, and corporate customers in foreign markets.
Their products include military uniforms, tactical wear, high-visibility uniforms, all-weather jackets, police uniforms, border patrol uniforms, protective uniforms and activewear.
It runs a manufacturing facility in Tiruppur, Tamil Nadu which covers a built-up area of more than 45,000 square feet on a land area of about 1,046.31 square meters with the capacity to produce 450,000 pieces per year.
The company has produced garments in compliance with the requirements and specifications of European military, government and institutional clients.
Qualiance International Promoter(s)
Vipul Badani, Bhoomin R Badani, Krupa Rajesh Badani are the company's promoters of Qualiance International.
Qualiance International IPO Issue Objectives
- •
- Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu
- •
- General Corporate Purpose
Qualiance International IPO - Anchor Investors
Qualiance International Limited finalised its anchor investor allocation on September 3, 2026, raising ₹12.81 crore from 6 institutional investors at an anchor price of ₹127 per share, including a share premium of ₹117.
The anchor book comprises 10,09,000 equity shares allocated across non-mutual fund institutional investors. Bharat Venture Opportunities Fund, Carnelian AIF Category I Trust – Scheme 1, and Hem Growth Opportunities Fund each received the largest allocation at 25.47%. Finavenue Capital Trust – Finavenue Growth Fund received 7.93%, while 360 ONE LVF Treasury Solutions Fund and Tattvam AIF Trust – Aanjay Ageless AIF Fund each received 7.83%.
Contact Information
Contact Details
Qualiance International
+91 22 42666003
406 - B Wing, Knox Plaza, Next to Tangent Showroom, Mindspace, Mal, ad West, Mumbai, Maharashtra, 400064
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Qualiance International IPO is a book-built IPO worth ₹45.11 crore. The price band is ₹120–₹127 per share. The IPO opens on Sep 4, 2026 and closes on Sep 8, 2026. It will be listed on NSE SME Platform. MUFG Intime India Pvt. Ltd. is the registrar.
The price band of Qualiance International IPO is ₹120 to ₹127 per share.
The lot size of Qualiance International IPO is 1000 shares.
The minimum investment for Qualiance International IPO is approximately ₹2,54,000 based on the upper price band .
Qualiance International IPO opens on Sep 4, 2026 and closes on Sep 8, 2026.
The allotment date of Qualiance International IPO is Sep 9, 2026.
Qualiance International IPO is expected to be listed on Sep 11, 2026, on NSE SME Platform.
Qualiance International IPO latest available GMP is ₹40 per share (a 31% premium over the ₹127 upper price band), last recorded on 5 Sep 2026, 7:45 PM IST. The indicative listing price is ₹167 (₹127 upper price band + ₹40 GMP).
Qualiance International IPO valuation snapshot: P/E 14.40, EPS ₹8.82/-, P/B 5.08, RoNW 47.98%, and market cap ₹170.84 Cr.
To apply for Qualiance International IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Qualiance International IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Qualiance International IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Qualiance International IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Qualiance International IPO allotment status on IPO Ji for quick and easy access.
|
Offer Date |
Sep 04 - Sep 08, 2026 |
|
Offer Price |
₹ 120-127 |
|
Lot Size |
1000 |
Please login to Apply IPO