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Qualiance International Ltd Logo

Qualiance International Ltd IPO

Closed Bookbuilding IPO NSE SME Fresh capital only
← Back to GMP
Issue Price ₹127
GMP +₹80
Est. Listing ₹207 (+63%)
Lot Size 1,000
Face Value ₹10
Issue Size 3,552,000 shares (agg. up to ₹45 Cr)
Subscription 319.92x

IPO Timeline

Open Date4-Sep-26
Close Date8-Sep-26
Allotment9-Sep-26
Refund Initiation10-Sep-26
Demat Credit10-Sep-26
UPI Mandate Deadline-
Listing Date11-Sep-26

Category-wise Subscription

Shares offered, bid & amount
CategorySub (x)OfferedBid ForAmt (Cr)*
QIB 🔥 120.61x 1,683,000 202,982,000 ₹21 Cr
NII (HNI) 🔥 698.81x 507,000 354,297,000 ₹6 Cr
Retail 🔥 441.19x 1,182,000 521,482,000 ₹15 Cr
Market Maker 180,000 ₹2 Cr
Σ  Total🔥 319.92x3,372,0001,078,761,000₹43 Cr

Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.

Issue Details

Issue Price / Price Band₹127
Face Value₹10
Lot Size1,000 shares
Issue Size3,552,000 shares (agg. up to ₹45 Cr)
Issue TypeBookbuilding IPO
Listing ExchangeNSE SME
Sale TypeFresh capital only
Script Code
Fresh Issue3,372,000 shares (agg. up to ₹43 Cr)
Net Offer to Public3,372,000 shares (agg. up to ₹43 Cr)
Amount In₹ Crore
Stock Price History · NSE
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Minimum Investment (Lot-wise)

CategoryLotsSharesAmount (₹)
Retail (Min)11,000₹127,000
Retail (Max)1313,000₹1,651,000
S-HNI (Min)1414,000₹1,778,000
B-HNI (Min)6767,000₹8,509,000
Retail2 lot(s)2,000 shares₹254,000
S-HNI3 lot(s)3,000 shares₹381,000

Shareholding Pattern

Pre-Issue Shareholding9,900,000 shares%
Post-Issue Shareholding13,452,000 shares%
Reserved for Market Maker180,000 shares (agg. up to ₹2 Cr)

Financial Statements Amount in ₹ Crore

Metric 30 Sep 2025 31 Mar 2025 31 Mar 2024
Revenue 40 55 38
EBITDA 7 8 5
Profit After Tax 5 5 3
Net Worth 19 14 9
Total Assets 72 58 43
Reserves & Surplus 20 15 10

Valuation & Key Ratios

ROE33%
ROCE17%
RONW28%
PAT Margin14%
EBITDA Margin19%
Debt/Equity2
P/BV
Pre EPS₹5
Post EPS₹8
Pre P/E26
Post P/E16

Grey Market Premium (GMP)

+₹80 Current GMP
₹207 Est. Listing Price
+63% Expected Gain

GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.

Objects of the Issue

  • Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu – 31.35
  • General Corporate Purpose –

Company Overview

Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance garments for institutional, government and brand clients in international markets.

The company 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 operate a manufacturing facility located in Tiruppur, Tamil Nadu with a total built up area of over 45,000 square feet over a land area of approximately 1,046.31 square meters and an installed capacity of 450,000 garment pieces per annum.

They have manufactured garments based on product specifications and compliance requirements of European military, government and institutional buyers.

Competitive Strengths:

  • In-house manufacturing facility with quality control mechanism
  • Widespread reach in international markets
  • Integrated expertise in high performance technical garments

Company Information

Address406 - B Wing, Knox Plaza, Next to Tangent Showroom, Mindspace, Mal, ad West, Mumbai, Maharashtra, 400064