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QUALIANCE · NSE · Other Textile Products
Qualiance International IPO listed on 11 Sep 2026 on NSE at ₹224.90, a gain of 75.59% over the issue price of ₹127.00. The IPO was subscribed 459.22x overall.
Qualiance International IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 04 Sep 2026 |
| IPO Close Date | 08 Sep 2026 |
| Basis of Allotment | 09 Sep 2026 |
| Initiation of Refunds | 10 Sep 2026 |
| Credit of Shares to Demat | 10 Sep 2026 |
| Listing Date | 11 Sep 2026 |
Listing day gain
+75.59%
Listed at ₹224.9 (issue ₹127)
Issue
₹127
Listing
₹224.9
Current
₹236.1
+85.91% vs issue
Day range
₹214.05 – ₹236.1
Issue Size
3,552,000 shares
(aggregating up to ₹45.00 Cr)
Issue Price
₹120 – ₹127
Face Value
₹10/share
Market Lot
1,000 shares
Retail Min Investment
₹254,000
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
3,372,000 shares
(aggregating up to ₹43 Cr)
Offer for Sale
[.]
Reserved for Market Maker
180,000 shares
(aggregating up to ₹2.00 Cr)
Issue Type
book building
Open Date
04 Sep
Close Date
08 Sep
Allotment
09 Sep
Listing
11 Sep
Last updated: 1 month ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 10 Sep 2026 Latest | ₹127 | ₹84 | ₹211 | ₹84 |
66.14%
|
9:36 PM |
| 10 Sep 2026 | ₹127 | ₹80 | ₹207 | ₹80 |
62.99%
|
6:02 PM |
Showing the 2 most recent GMP entries.
Qualiance International IPO GMP & full historyLatest snapshot: 08 Sep 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 299.6x | - |
| NII | 699.59x | - |
| bNII (bids above ₹10L) | 850.76x | - |
| sNII (bids below ₹10L) | 402.57x | - |
| Individual Investors | 447.13x | - |
| Total | 459.22x | - |
Showing the latest subscription snapshot.
View full subscription historyVipul Badani, Bhoomin R Badani and Krupa Rajesh Badani are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹254,000 |
| Retail (Max) | 2 | 2,000 | ₹254,000 |
| S-HNI (Min) | 3 | 3,000 | ₹381,000 |
| S-HNI (Max) | 7 | 7,000 | ₹889,000 |
| B-HNI (Min) | 8 | 8,000 | ₹1,016,000 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Individual Investors Shares Offered | 1,182,000 (33.28%) |
| Market Maker Shares Offered | 180,000 (5.07%) |
| QIB Shares Offered | 1,683,000 (47.38%) |
|
•
Anchor Investor Shares Offered
|
1,009,000 (28.40%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
674,000 (18.98%) |
| NII (HNI) Shares Offered | 507,000 (14.27%) |
|
•
bNII > ₹10L
|
336,000 (9.46%) |
|
•
sNII < ₹10L
|
171,000 (4.81%) |
| Total Shares Offered | 3,552,000 (100.00%) |
Qualiance International Limited was originally incorporated as Qualiance International Private Limited on August 24, 2006, with operations tracing back to a partnership begun in 1994. It was converted into a public limited company on December 9, 2025, and is headquartered in Mumbai. It works in the performance garment manufacturing and export sector.
The company designs, engineers, manufactures and exports performance garments for institutional, government and brand clients in international markets, primarily in Europe. 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. It operates a manufacturing facility in Tiruppur, Tamil Nadu, with a built-up area of over 45,000 square feet on about 1,046.31 square metres of land, and an installed capacity of 450,000 garment pieces per annum.
Revenue stood at Rs 38.46 crore with profit after tax of Rs 5.49 crore, as per the DRHP. This is an SME IPO, comprising entirely a fresh issue of up to 36,00,000 equity shares, with no offer-for-sale component, proposed to be listed on the NSE Emerge platform. Hem Securities Limited is the book running lead manager and MUFG Intime India Private Limited is the registrar of the issue, with the price band and issue dates yet to be announced.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 38.14 | 55.05 | 80.95 |
| Profit After Tax (PAT) | 2.84 | 4.9 | 11.87 |
| EBITDA | 4.86 | 7.97 | 16.72 |
| Total Assets | 43.14 | 57.53 | 68.99 |
| Net Worth | 8.92 | 13.82 | 24.74 |
| Reserves & Surplus | 10.41 | 14.54 | 24.75 |
| Total Borrowing | 19.17 | 29.71 | 28.5 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 43.07% | 61.56% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 21.16% | 37.33% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 35.44% | 47.98% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 9.23% | 15.44% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 15.02% | 21.74% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 2.16x | 1.15x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 9.1x | 5.08x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹11.99 | ₹8.82 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 10.59x | 14.4x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹126 Cr | ₹171 Cr |
The basis of allotment for Qualiance International IPO was finalised on 09 Sep 2026. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Qualiance International IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Qualiance International IPO is ₹120.00 - ₹127.00 per share.
As per market sources, Qualiance International IPO GMP is currently ₹84.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Qualiance International IPO stands at 459.22x overall.
The listing date for Qualiance International IPO is 11 Sep 2026.
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