Qualiance International Limited
Bookbuilding IPO · NSE
- Price band
- ₹120–127
- Lot size
- 1,000 shares
- Issue amount
- ₹45.11 cr
- Total subscription
- 459.29×
- Opens
- 4 Sept 2026
- Closes
- 8 Sept 2026
- Allotment
- 9 Sept 2026
- Listing
- 11 Sept 2026
Offer at a glance
Issue overview
- Issue size
- 35,52,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹45.11 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,27,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 99,00,000
- Shares after issue
- 1,34,52,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,54,000 |
| sHNI | 3 | 3,000 | ₹3,81,000 |
| bHNI | 8 | 8,000 | ₹10,16,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 8 Sept 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 162 |
| NIB | 0 | 56,587 |
| RETAIL | 591 | 2,64,255 |
| HNIs(10L +) | 112 | 34,716 |
| HNIs (2-10L) | 57 | 21,871 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 8.56 | 2,564.5 |
| FIIs | 0 | 502.39 |
| FIs | 0 | 223.04 |
| Mutual Funds | 0 | 54.48 |
| Others | 0 | 1,784.59 |
| RETAIL | 15.01 | 6,712.08 |
| HNIs 2+ | 2.17 | 874.27 |
| HNIs 10+ | 4.27 | 3,632.63 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 11.99 | 4.95 | 11.21 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 47.98 | 35.44 | 31.82 |
| PRE IPO(PE) | 10.59 | 0 | 0 |
| POST IPO(PE) | 14.4 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Gokaldas Exports Limited | 60.84 | 797.6 | 5 | 294.95 | 4.63 | 13.71 |
| S P Apparels Limited | 23.21 | 930.45 | 10 | 376.36 | 10.67 | 40.22 |
| Qualiance International Limited | 10..59 | 127.0 | 10 | 24.99 | 47.98 | 11.99 |
Company information
Company profile
Qualiance International Limited is involved in designing, engineering, manufacturing, and exporting performance garments for institutional, government, and branded clients in global markets. Its product range includes military uniforms, tactical outerwear, high-visibility workwear, all-weather jackets, police and border patrol uniforms, protective clothing, and activewear. The company operates a manufacturing facility in Tiruppur, Tamil Nadu, with a built-up area of over 45,000 square feet and an annual production capacity of around 4.5 lakh garments. It mainly manufactures products based on strict specifications and compliance standards required by European military, government, and institutional customers.
Strengths
- Integrated Manufacturing & Quality Control: The company has an integrated manufacturing facility with in-house quality control systems, helping maintain consistent product quality and meet customer requirements.
- Strong International Presence: The company supplies garments to government, institutional and branded customers in international markets. Its export-focused business helps diversify its customer base across different regions.
- Expertise in Technical Garments: The company specialises in designing and manufacturing high-performance technical garments. Its ability to meet strict military and institutional quality standards gives it a strong position in niche export markets.
Risk factors
- Dependence on Woven Garment Sales: A significant portion of the company’s revenue comes from woven garments. Any decline in demand for this product category could negatively affect its business and financial performance.
- Customer Concentration Risk: The company depends on a limited number of customers for a large share of its revenue. Losing key customers or receiving fewer orders could affect revenue and profitability.
- Outstanding Legal Proceedings: The company, its promoters and directors are involved in certain legal proceedings. Any unfavorable outcome could result in financial liabilities and negatively affect the company’s business and financial condition.
Promoters
Vipul Badani
Bhoomin R Badani
Krupa Rajesh Badani
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
406 - B Wing, Knox Plaza, Next to Tangent Showroom, Mindspace, Mal, ad West, Mumbai, Maharashtra, 400064
+91 22 42666003
[email protected]Company website ↗Understanding QUALIANCE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.