Qualiance International IPO: In this article, we provide detailed and easy-to-understand information about the Qualiance International Limited IPO, including its IPO dates, price band, issue size, lot size, minimum investments and other important IPO-related information.
We also cover key details about the company, its business, financial performance, strengths to help investors better understand the IPO before making an investment decision. The information is compiled from the company’s official documents, stock exchange disclosures and other publicly available sources.
The Qualiance International IPO is officially opening for subscription from September 04, 2026 to September 08, 2026. which is an integrated apparel manufacturing company. The company aims to raise ₹45.11 Cr. from the market.
You can check the Qualiance International IPO GMP Live (Day Wise) here, where you will get information about its latest GMP, changes in GMP and expected listing price. Apart from this, to understand the demand of retail investors during the IPO, you can also check the Qualiance International IPO Subscription Status, where subscription information is available in Retail and other categories.
Read Also: Upcoming SME IPO 2026
After the IPO is closed, if retail investors want to know whether shares have been allotted to them or not, then they can also check the Qualiance International IPO Allotment Status here. In this way, retail investors can easily see all the three important updates of Qualiance International IPO i.e. IPO GMP (Grey Market Premium), IPO Subscription Status and IPO Allotment Status from one place, and along with this, retail investors can also see the IPO Listing.
If you want to know about this Qualiance International IPO in detail then read this article carefully.
Qualiance International IPO Details
| Issue Open Date | September 04, 2026 |
| Issue Close Date | September 08, 2026 |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹120.00 – ₹127.00 Per Share |
| Issue Price | ₹127 Per Share |
| Listing On | NSE, SME |
| Total Issue Size | ₹45.11 Cr. (35,52,000 Shares) |
| Fresh Issue | ₹45.11 Cr. (35,52,000 Shares) |
| Offer For Sale | |
| Prospectus | RHP | Anchor Investors |
IPO Reservation
The total numbers of shares in this Qualiance International IPO is 35,52,000, in which 33.28% quota i.e. 11,82,000 shares are reserved for retail investors.
| Category | Net Issue | Shares Offered |
|---|---|---|
| Retail | 33.28% | 11,82,000 |
| Total | 100.00% | 35,52,000 |
Market Lot
| Application | Lot | Shares | Amount |
| Retail Minimum & Maximum | 2 | 2,000 | ₹2,54,000 |
Qualiance International IPO Dates (Tentative)
| Anchor Bid Date | September 03, 2026 |
| IPO Open Date | September 04, 2026 |
| IPO Close Date | September 08, 2026 |
| IPO Allotment Date | September 09, 2026 |
| Money Refund Date | September 10, 2026 |
| Share Credit Date | September 10, 2026 |
| IPO Listing Date | September 11, 2026 |
Key Performance Indicator
| KPI (March 31, 2026) | Value |
| Market Capitalisation | ₹170.84 Cr. (On Upper Price) |
| P/E Ratio | 10.59x |
| EPS | ₹11.99 |
| ROE | 61.56% |
| ROCE | 37.33% |
| RoNW | 47.98% |
| Dept/Equity | 1.15 |
| EBITDA Margin | 21.74% |
| PAT Margin | 15.44% |
| Net Assets Value | ₹24.99 |
| Price To Book Value | 5.08x |
IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Gokaldas Exports Limited | 60.84x | ₹13.71 | 4.63% | — |
| S.p. Apparels Limited | 23.21x | ₹40.22 | 10.67% | — |
Qualiance International Company Financial Report (Restated)
| Period Ended | Total Assets | Total Income | Total Expenses | Total Net Worth | Profit After Tax | EBITDA | Reserves And Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 | ₹68.99 Cr. | ₹80.95 Cr. | ₹64.90 Cr. | ₹24.74 Cr. | ₹11.87 Cr. | ₹16.72 Cr. | ₹24.75 Cr. | ₹28.50 Cr. |
| March 2025 | ₹57.53 Cr. | ₹55.06 Cr. | ₹48.77 Cr. | ₹13.82 Cr. | ₹4.90 Cr. | ₹7.97 Cr. | ₹14.54 Cr. | ₹29.71 Cr. |
| March 2024 | ₹43.14 Cr. | ₹38.14 Cr. | ₹34.74 Cr. | ₹8.92 Cr. | ₹2.84 Cr. | ₹4.86 Cr. | ₹10.41 Cr. | ₹19.17 Cr. |
Company Promoters
- Vipul Badani
- Bhoomin R Badani
- Krupa Rajesh Badani
IPO Lead Managers
- Hem Securities Limited
IPO Registrar
MUFG Intime India Private Limited
Address: C-101, Embassy 247, L B S Marg, Vikhroli (West), Mumbai 400083, (Maharashtra), India
Telephone: +91 810 811 4949
Email: qualiance.smeipo@in.mpms.mufg.com
Website: www.in.mpms.mufg.com
About Qualiance International Limited
This company is engaged in the design, engineering, manufacture and export of performance garments for institutional, government and brand clients in the international market. The company started operations as a partnership firm in 1994 and incorporated as a company in 2006. 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 a total built-up area of over 45,000 square feet and a land area of approximately 1,046.31 square meters, with an installed capacity of 450,000 garment pieces per year. This facility supports operations ranging from raw material sourcing and fabric development through external suppliers to finished garment production. In addition to regular cut and sew operations in the manufacturing cycle, we also perform specialized processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting, and lamination.
Over the past two decades, the company has manufactured clothing based on the product specifications and compliance requirements of European military, government, and institutional buyers. Its operations focus on producing clothing tailored to client specifications and performance requirements. It has maintained relationships with Swiss government and institutional clients. The company’s revenue from the sale of manufactured products is primarily derived from exports, which represented 98.82% of revenue from operations for FY 2026, 93.87% for FY 2025, and 87.77% for FY 2024.
The company’s client base spans Europe, including Switzerland, and North America, including the United States. It supplies garments to various Swiss government departments and European brands. At all stages of its operations, from sample development to shipment, the company adheres to applicable quality standards in the European market. Our manufacturing facility incorporates a quality control system to monitor product standards. All fabrics and accessories used in production meet international requirements, and test reports are obtained from reputable laboratories to support compliance.
The Company manufactures technical clothing based on customer designs. The Company manufactures such clothing according to the designs, specifications, technical drawings, patterns, and quality requirements specified by its customers from time to time. Additionally, during the design finalization and pre-production stages, the Company may provide design input and technical suggestions to its customers based on its knowledge of garment manufacturing, manufacturing processes, and the supply chain and sourcing of fabrics, trims, and accessories. However, final design specifications and approval remain with the respective customers. (Source: RHP)
Company Strengths
- In-house manufacturing facility with quality control mechanism.
- Widespread reach in international markets.
- Integrated expertise in high performance technical garments.
- Qualified and Experienced Management Team.
Objects Of The Issue
- Funding the capital expenditure requirements of our company towards setting up a new manufacturing facility at Tiruppur-Tamil Nadu. (Est. Amount ₹38.00 Cr.)
- General Corporate Purposes.
Company Address
Qualiance International Limited
406 – B Wing, Knox Plaza,
Next to Tangent Showroom,
Mindspace, Mal, ad West,
Mumbai, Maharashtra, 400064
Telephone: +91 22 42666003
Email: cs@qualiance.com
Website: https://www.qualiance.com/
MainBoard IPO Review
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Qualiance International IPO FAQs
What are the open and close dates of the Qualiance International IPO?
The IPO will open on September 04, 2026 and close on September 08, 2026.
What is the price band for Qualiance International IPO?
The price band for the IPO is ₹120 to ₹127 per share.
What is the issue size of the Qualiance International IPO?
The total issue size of the IPO is ₹ Cr., comprising both fresh issue and offer for sale (if applicable).
What is Qualiance International IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 85 Shares with ₹ amount while the maximum bid is 13 Lot, 10 shares with ₹ for the IPO.
What is Qualiance International IPO Investors Portion?
The investors portion for QIB 50%, NII 15%, RII 35% for the IPO.
When will the allotment for the Qualiance International IPO be finalized?
The IPO allotment is expected to be finalized on January 24, 2026.
When will the shares of Qualiance International IPO get listed?
The IPO shares are expected to be listed on NSE and SME on September 11, 2026.
Desclaimer: This Content Was Compiled By The IPO Investors Team After Researching and Reviewing The Qualiance International IPO RHP (Red Herring Prospectus) And Other Official IPO-Related Documents Publicly Available To Investors. This Information Is Provided For Informational And Educational Purposes Only.
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