Qualiance International IPO
GMP, Subscription, Price, Dates & Financial Details
Incorporated in August 2006, Qualiance International Limited is a Tiruppur-based manufacturer and exporter of technical and performance garments, catering primarily to government, institutional and international brand customers across Europe and North America. The Company traces its origins to…
Open Date
Fri, 04 Sep 2026
Close Date
Tue, 08 Sep 2026
Price Band
₹ 120 – 127
Lot Size
1000
Issue Size
₹ 45.11 Cr
Minimum Investment
₹ 254,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Qualiance International IPO is set to open its Initial Public Offering (IPO) for subscription on September 04, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹45.11 Crore, comprising a fresh issue of 35.52 Lakh equity shares aggregating to ₹45.11 Crore.
The Qualiance International IPO will open for subscription on September 04, 2026, and close on September 08, 2026. The basis of allotment is expected to be finalized on September 09, 2026, while the shares are tentatively scheduled to be listed on NSE SME Platform on September 11, 2026.
The company has fixed the price band at ₹120 to ₹127 per share, with a lot size of 1000 shares. Retail investors will require a minimum investment of ₹254,000 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. Hem Securities Ltd. are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Qualiance International IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on September 08, 2026.
Qualiance International IPO Timeline (Tentative)
- IPO Open Date
- Fri, 04 Sep 26
- IPO Close Date
- Tue, 08 Sep 26
- Basis of Allotment
- Wed, 09 Sep 26
- Initiation of Refunds
- Thu, 10 Sep 26
- Credit of Shares to Demat
- Thu, 10 Sep 26
- Listing Date
- Fri, 11 Sep 26 — NSE
Open Date
04 September 2026
Close Date
08 September 2026
Basis Of Allotment
09 September 2026
Listing Date
11 September 2026
IPO Subscription
Check Live Subscription →The Qualiance International IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 04 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 68.99 | 57.53 | 43.14 |
| Revenue | 80.95 | 55.06 | 38.14 |
| Profit After Tax | 11.87 | 4.9 | 2.84 |
| Net Worth | 24.74 | 13.82 | 8.92 |
| Reserve & Surplus | 24.75 | 14.54 | 10.41 |
| Total Borrowings | 28.5 | 29.71 | 19.17 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Qualiance International Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 61.56 | 43.07 | 85.93 |
| ROCE % | 37.33 | 21.16 | 18.94 |
| Debt / Equity | 1.15 | 1.15 | 1.1 |
| RoNW % | 47.98 | 35.44 | 31.82 |
| Pat Margin % | 15.44 | 9.23 | 7.63 |
Peers Comparison
No Peer Comparision Available
About Qualiance International Limited
Incorporated in August 2006, Qualiance International Limited is a Tiruppur-based manufacturer and exporter of technical and performance garments, catering primarily to government, institutional and international brand customers across Europe and North America. The Company traces its origins to 1994, when it commenced operations as a partnership firm, M/s. Qualiance Exports. It was subsequently incorporated as Qualiance International Private Limited and converted into a public limited company in December 2025.
The Company specializes in the design, engineering, manufacturing and export of performance-oriented and technical apparel. Its product portfolio includes military and police uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, protective workwear and performance activewear. Products are manufactured based on customer-provided designs, technical drawings, patterns, specifications and performance requirements.
Qualiance International operates a manufacturing facility in Tiruppur, Tamil Nadu, with an installed capacity of approximately 450,000 garment pieces per annum. The facility supports both conventional cut-and-sew manufacturing and specialized processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting and lamination. The Company manufactures both knitted and woven garments, enabling it to cater to a wide range of technical and performance apparel requirements.
The Company has an export-oriented business model, with customers primarily located in Europe and North America. Export revenue accounted for 98.82% of revenue from operations in Fiscal 2026. Its operations are supported by various international quality, environmental, safety and sustainability 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 is also recognized as a Two Star Export House by the Government of India.
As of June 30, 2026, Qualiance International had 255 employees across its manufacturing facility and office operations, supplemented by contractual labour engaged according to production requirements.
Competitive Strengths
Strong export-oriented business model with an established presence in international markets.
Diverse customer base comprising government, institutional and international brand clients.
Experienced Promoters and management team with industry knowledge.
Integrated expertise in technical and high-performance garment manufacturing.
Specialized manufacturing capabilities, including seam sealing, bonded construction, ultrasonic welding, laser cutting and lamination.
Multiple international certifications covering quality, environmental, safety and sustainability standards.
Skilled workforce supporting manufacturing and operational activities.
In-house manufacturing facility with dedicated quality control systems.
Qualiance International IPO Promoters
- Vipul Badani
- Bhoomin R Badani
- Krupa Rajesh Badani
Promoters Holding
Holding Pre Issue
86.49%
Holding Post Issue
63.66%
Qualiance International IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding the capital expenditure requirements of our company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu
- General Corporate Purposes
Qualiance International Limited Address / Contact Details
Qualiance International Ltd.
406 - B Wing, Knox Plaza,
Next to Tangent Showroom,
Mindspace, Mal, ad West,
Mumbai, Maharashtra, 400064
Email: cs@qualiance.com
Telephone: +91 22 42666003
Website:https://www.qualiance.com/
IPO Snapshot
Qualiance International IPO Lot Size
The Qualiance International IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,54,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,54,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 254,000.00 |
| Retail (Max) | 2 | 2,000 | 254,000.00 |
| S-HNI (Min) | 3 | 3,000 | 381,000.00 |
| S-HNI (Max) | 7 | 7,000 | 889,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,016,000.00 |
Issue Reservation
Book Running Lead Managers
- Hem Securities Ltd.
IPO Documents & Links
Explore More IPOs
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Qualiance International IPO?
Qualiance International IPO is a Book-building IPO with a total issue size of ₹45.11 crore. The Qualiance International IPO price band is ₹120 to 127 per share. The Qualiance International IPO subscription opens on Fri, Sep 4, 2026, and closes on Tue, Sep 8, 2026. The Qualiance International IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the Qualiance International IPO.
When will the Qualiance International IPO open for subscription?
The Qualiance International IPO opens on Fri, Sep 4, 2026 and closes on Tue, Sep 8, 2026
What is Qualiance International IPO Price Band?
Qualiance International IPO Price Band is ₹120 to 127 per share.
What is Qualiance International IPO Lot Size?
Qualiance International IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹254000 based on the upper price band
What is the minimum investment for Qualiance International IPO?
The minimum investment for Qualiance International IPO is ₹254000, based on one lot of 1000 shares at the upper price band of ₹127 per share.
How to apply for Qualiance International IPO?
Investors can apply for the Qualiance International IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Sep 8, 2026. The application amount remains blocked until the Qualiance International IPO allotment is finalized.
What is Qualiance International IPO Issue Size?
Qualiance International IPO issue size is ₹45.11 crores.
What is the Qualiance International IPO Allotment Date?
Qualiance International IPO allotment date is Wed, Sep 9, 2026.
Who is the Qualiance International IPO Registrar?
The registrar for Qualiance International IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Qualiance International IPO allotment status, refund processing, and other IPO-related information.
What is the Qualiance International IPO GMP?
The Qualiance International IPO GMP (Grey Market Premium) is ₹55 as of Wed, Sep 2, 2026. Based on the upper price band of ₹127 per share, the estimated Qualiance International IPO listing price is ₹182, indicating a potential listing gain of approximately 43.31% over the issue price.
Who is the Qualiance International IPO Lead Manager?
The book-running lead managers (BRLMs) for the Qualiance International IPO are Hem Securities Ltd.. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Qualiance International IPO Red Herring Prospectus (RHP).