Qualiance International
Price band ₹120–127 · Issue ₹45.11 Cr
Market attention score 41.8 (how ranked)
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Capital required
Approximate retail outlay for Qualiance International at the issue price band (lot × lots).
Est. capital
₹1,20,000 – ₹1,27,000
Lot size 1,000 · up to ₹127/share
Prefer smaller tickets before listing? Explore unlisted & pre-IPO shares.
Opens
4 Sept 2026
Closes
8 Sept 2026
Allotment
9 Sept 2026
Listing
11 Sept 2026
Lot size
1,000
GMP
+39.37%
At a glance
IPO Open Fri, Sep 4, 2026 IPO Close Tue, Sep 8, 2026 Price Band ₹120 to ₹127 Market Cap * ₹170.84 Cr * on Upper Price IPO Details IPO Date 4 to 8 Sep, 2026 Listing Date Fri, Sep 11, 2026 T Face Value ₹ 10 per share Price Band ₹120 to ₹127 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 Timetable (Tentative) 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 IPOs Timetable Issue Reservation Qualiance International IPO comprises a total issue size of 35,52,000 shares. The net offer to the public is 33,72,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,83,000 are allocated to QIB , 5,07,000 (15.04%) allocated to NII 11,82,000 (35.05%) allocated to RII . Investor Category Shares % of Net Issue % of Total Issue QIB 16,83,000 NII (HNI) 5,07,000 15.04% 14.27% Retail 11,82,000 35.05% 33.28% Firm Reservations Market Maker 1,80,000 5.07% Total 35,52,000 100.00% 100.00% IPO Lot Size Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. Application Lots Shares Amount Individual investors (IND) (Min) 2 2,000 ₹2,54,000 Individual investors (IND) (Max) 2 2,000 ₹2,54,000 S-HNI (Min) 3 3,000 ₹3,81,000 S-HNI (Max) 7 7,000 ₹8,89,000 B-HNI (Min) 8 8,000 ₹10,16,000 IPO Subscription Details About Qualiance International Ltd. Updated on Sep 1, 2026 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.
Overview
Qualiance International IPO is a book build issue of ₹45.11 crores. The issue is entirely a fresh issue of 35.52 lakh shares of ₹45.11 crore.
Qualiance International IPO opens for subscription on Sep 4, 2026 and closes on Sep 8, 2026. The allotment for the Qualiance International IPO is expected to be finalized on Sep 9, 2026. Qualiance International IPO will list on the NSE SME with a tentative listing date fixed as Sep 11, 2026.
Qualiance International IPO is set issue price band at ₹120 to ₹127 per share. The lot size for an application is 1,000 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,81,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd.
Refer to Qualiance International IPO RHP for detailed Information.
Issue details
IPO Date
4 to 8 Sep, 2026
Listing Date
Fri, Sep 11, 2026T
Face Value
₹10 per share
Price Band
₹120 to ₹127
Lot Size
1,000 Shares
Sale Type
Fresh capital only
Issue Type
Bookbuilding IPO
Listing At
NSE SME
Lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 2,000 | ₹2,54,000 |
| Individual investors (IND) (Max) | 2 | 2,000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,16,000 |
Issue reservation
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB | 16,83,000 | ||
| NII (HNI) | 5,07,000 | 15.04% | 14.27% |
| Retail | 11,82,000 | 35.05% | 33.28% |
| Firm Reservations | |||
| Market Maker | 1,80,000 | 5.07% | |
| Total | 35,52,000 | 100.00% | 100.00% |
About the 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.
- Strong export-focused business model.
- Widespread reach across international markets.
- Qualified and experienced Promoters and management team.
- Integrated expertise in high-performance technical garments.
- Specialized manufacturing capabilities for performance apparel.
- Multiple international quality, safety and sustainability certifications.
- Skilled workforce supporting manufacturing and operational capabilities.
- In-house manufacturing facility supported by a quality control mechanism.
Financials
| Metric | 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 |
Amounts in ₹ Crore (restated)
Key performance indicators
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 61.56% | 43.07% |
| ROCE | 37.33% | 21.16% |
| Debt/Equity | 1.15 | 2.15 |
| RoNW | 47.98% | 35.44% |
| PAT Margin | 15.44% | 9.23% |
| EBITDA Margin | 21.74% | 15.02% |
| NAV | 24.99 | 13.96 |
| Price to Book Value | 5.08 | 9.10 |
Valuation
Valuation Metric
Pre IPO
EPS (₹)
11.99
P/E (x)
10.59
Market Cap at Offer Price
₹126Cr.
Shareholding
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 86.49% | 63.66% |
| Public | 13.51% | 36.34% |
| Total | 100% | 100% |
Objects of the issue
- — Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu
- — General Corporate Purpose
Intermediaries
Registrar
MUFG Intime India Pvt.Ltd.
Lead manager(s)
Hem Securities Ltd.
FAQs
How to apply in Qualiance International IPO through Zerodha?+
Zerodha customers can apply online in Qualiance International IPO using UPI as a payment gateway. Zerodha customers can apply in Qualiance International IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Qualiance International IPO through Zerodha Visit the Zerodha website and login to Console. Go to Portfolio and click the IPOs link. Go to the ' Qualiance International IPO ' row and click the 'Bid' button. Enter your UPI ID, Quantity, and Price. Submit IPO application form. Visit the UPI App (net banking or BHIM ) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.
When Qualiance International IPO will open?+
The Qualiance International IPO opens on Fri, Sep 4, 2026 and closes on Tue, Sep 8, 2026.
What is the lot size of Qualiance International IPO?+
Qualiance International IPO lot size is 1000 , and the minimum amount required for application is ₹2,54,000 , with 2 lots being the minimum application size .
How to apply for Qualiance International IPO?+
You can apply in Qualiance International IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha , Upstox , 5Paisa , Nuvama , HDFC Bank , and SBI Bank .
When is Qualiance International IPO allotment?+
The finalization of Basis of Allotment for Qualiance International IPO will be done on Wednesday, September 9, 2026 , and the allotted shares will be credited to your demat account by Thu, Sep 10, 2026 . Check the Qualiance International IPO allotment status .
When is Qualiance International IPO listing date ?+
The Qualiance International IPO listing date is not yet announced. The tentative date of listing is Fri, Sep 11, 2026 .
Aggregated from public IPO filings. GMP is unofficial grey-market chatter, not advice.