Qualiance International
UPCOMINGIPO Date: 4 Sept - 8 Sept 2026
Listing Date: 11 Sept 2026
Price Range
₹120 to ₹127
Issue Size
45 Cr
Min Investment
₹1,20,000
Lot Size
1000 Shares
Schedule of Qualiance International
Issue open date
4 Sept 2026
Issue close date
8 Sept 2026
UPI mandate deadline
8 Sept 2026 (5 PM)
Allotment finalization
9 Sept 2026
Share credit
10 Sept 2026
Listing date
11 Sept 2026
Mandate end date
23 Sept 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 45 Cr |
| Fresh Issue | 35.52 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 9 Sept 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 3 Sept 2026 | ₹127 | ₹55 | ₹182 (43.31%) |
| 2 Sept 2026 | ₹127 | ₹55 | ₹182 (43.31%) |
| 1 Sept 2026 | ₹127 | ₹50 | ₹177 (39.37%) |
Performance Qualiance International
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹120 to ₹127 | .... | .... | .... |
About Qualiance International
Qualiance International Limited is an apparel manufacturer and exporter specialising in technical and performance garments, including tactical outerwear, military and police uniforms, workwear, protective clothing and activewear. The company manufactures both woven and knitted garments and operates a 45,000+ sq. ft. facility in Tiruppur, Tamil Nadu, with an installed capacity of around 4.50 lakh pieces annually. Its specialised capabilities include seam sealing, bonded/sew-free construction, ultrasonic welding, laser cutting, quilting, down filling and lamination. The company primarily serves institutional, government and international brand customers, with exports forming a major part of its business, particularly to Switzerland, the US and the UK.
| Founded in | 1994 |
| Managing director | Vipul Badani |
| Parent organization |
Financial Overview
Strengths
- Specialised technical-garment expertise: In-house capabilities such as seam sealing, ultrasonic welding, laser cutting, bonded construction and quilting create a higher technical barrier than conventional garment manufacturing.
- Strong international relationships: The company has supplied Swiss government institutions for many years and serves international brands and institutional customers.
- Export-oriented business: Significant international exposure provides access to global markets, particularly Europe and North America.
- Certifications and compliance: The company has certifications including ISO 9001, ISO 14001, ISO 45001, GOTS, GRS, SA 8000 and SEDEX SMETA, supporting its ability to serve quality- and sustainability-conscious customers.
Risks
- High export dependence: Heavy reliance on international markets makes the company vulnerable to foreign-exchange movements, changes in global trade conditions, tariffs and demand fluctuations.
- Customer/geographical concentration: A significant portion of business is linked to a relatively limited number of international markets and institutional customers, which could affect revenue if major orders are reduced or lost.
- Debt and funding risk: The company has meaningful debt relative to its equity, while expansion of manufacturing capacity will require substantial capital expenditure.
- Expansion execution risk: The company plans a new manufacturing facility in Tiruppur; delays, cost overruns or slower-than-expected capacity utilisation could affect future profitability and cash flows.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |