SME
IPO ·
NSE SME
Qualiance International Ltd
Listed
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 mark
Issue details
Price band
₹120 – ₹127
Face value
₹10
Lot size
1,000 shares
Minimum investment
₹2,54,000
Issue size
₹45.11 Cr
Fresh issue
₹42.82 Cr
Offer for sale
—
Issue type
Book Built
Exchange
NSE SME
Key dates
Opens
4 Sep 2026
Closes
8 Sep 2026
UPI mandate cut-off
5:00 PM on 8 Sep 2026
Allotment
9 Sep 2026
Refunds
10 Sep 2026
Shares in demat
10 Sep 2026
Listing
11 Sep 2026
Subscription and listing
Subscription
319.92x
Listing price
₹224.90
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Hem Securities
Subscription by category
Total
319.92x
Total applications
3,17,324
Anchor investors
Amount raised
₹12.81 Cr
Bid date
3 Sep 2026
50% lock-in ends
8 Oct 2026
Rest lock-in ends
7 Dec 2026
Listing day
Issue price
₹127
Open
₹224.90
High
₹236.10
Low
₹214.05
Day close
₹236.10
Listing gain at open
+77.09%
Issue structure
Shares reserved per category and share of the total issue
QIB
16,83,000
47.38%
Anchor Investor
10,09,000
28.41%
QIB (Ex. Anchor)
6,74,000
18.98%
NII
5,07,000
14.27%
bNII > ₹10L
3,36,000
9.46%
sNII < ₹10L
1,71,000
4.81%
Retail
11,82,000
33.28%
Market Maker
1,80,000
5.07%
Total
35,52,000
100.00%
Finaccle’s quick read
Apply
FY26 income up 47%, PAT up 142%, ROE 61.56%, D/E 1.15, post-issue P/E 14.4x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
61.56%
ROCE
37.33%
Debt / equity
1.15
PAT margin
15.44%
P/E post issue
14.4
Market cap
₹170.84 Cr
Use of IPO money
Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu
₹38.00 Cr
General Corporate Purpose
₹0.02 Cr
Issue Expenses
₹7.09 Cr
Strengths
✓
Strong export-focused business model
✓
Widespread reach across international markets
✓
Revenue up 47% in FY26 to ₹80.95 Cr
✓
PAT up 142% in FY26 to ₹11.87 Cr
✓
PAT margin of 15.44%
Risks to watch
!
SME platform: large lot size and thinner trading liquidity
!
Debt to equity of 1.15
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.