Qualiance International IPO
Open nowSMETextiles
83.68×
Subscribed
Price band
₹120 – ₹127
Lot size
1,000
1 lot = ₹1,27,000
Issue size
₹45.11 Cr
Open – close
04 Sept 2026
to 08 Sept 2026
Listing
11 Sept 2026
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
We can't judge this issue yet. A verdict needs at least three independent dimensions — valuation, growth, profitability, balance sheet, issue structure, governance or demand — and this issue does not yet publish enough of them for a read that would mean anything. The offer document has not been analysed yet. A confident score from two fields would be worse than this notice.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens04 Sept 2026
- Closes08 Sept 2026
- Allotment09 Sept 2026
- Listing11 Sept 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB5.76x
Non-institutionalNII / HNI96.66x
Retail individualRII116.23x
Chance of allotment
Retail116.23× subscribed
~1 in 116.2
Minimum 2 lots · 2,000 shares · ₹2,54,000 blocked
Retail is 116.23× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 116.2 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII96.66× subscribed
~1 in 96.7
Minimum 1 lot · 1,000 shares · ₹1,27,000 blocked
HNI is 96.66× subscribed. This category is allotted proportionately, so a bid receives roughly 1/96.7 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹120 – ₹127
Face value₹10
Lot size1,000shares
Minimum application₹1,27,000at cut-off
Total issue size₹45.11 Cr
Listing atSME platform
Company & valuation
ISININE1XJ401012
RegistrarLINK
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+11.1%
Listed up
6 of 8
Best
+90.0%
Shanti Inorganics
Worst
-0.7%
Mopshop Distribution
Shanti Inorganicssame segment
131.8× sub+90.0%
Dhanwel Hybrid Seedssame segment
1.6× sub+0.0%
Mopshop Distributionsame segment
-0.7%
Anawil Wire and Engineeringsame segment
138.6× sub+22.1%
Fusion Klassroom Edutechsame segment
1.5× sub+6.9%
Dhaval Packagingsame segment
46.2× sub+13.4%
31.2× sub+15.6%
7.9× sub+8.9%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
About Qualiance International
Qualiance International is engaged in the design, engineering, manufacture and export of performance garments for institutional, government, and brand clients in international markets. 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 an installed capacity of 450,000 garment pieces per annum. The facility also undertakes specialised processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting, and lamination. The company primarily generates revenue from exports to clients across Europe and North America. It holds certifications including ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 14064-1:2018, SA 8000, Global Organic Textile Standard and Global Recycle Standard certifications, and has undergone a Sedex Members Ethical Trade Audit. It also holds Two Star Export House status from the Government of India. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur, Tamil Nadu – Rs 38 crore General corporate purposes
Founded 1994MD Mr Vipul BadaniSector Textiles
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Qualiance International IPO subscribed?
Qualiance International is subscribed 83.68× overall (QIB 5.76×, NII 96.66×, retail 116.23×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar, LINK.
What is the minimum investment in the Qualiance International IPO?
One lot is 1,000 shares, so a retail application at the ₹127 cut-off price blocks ₹1,27,000. Retail applications are capped at ₹2,00,000; above that you bid in the HNI category, where allotment is proportionate rather than by lottery.
What are the chances of allotment in the Qualiance International IPO?
The retail portion is subscribed 116.23×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 116. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
When is the Qualiance International IPO allotment date?
Allotment is scheduled for 2026-09-09, with listing on 2026-09-11. These dates are the issuer's tentative timetable — a date passing is not confirmation that the step completed. Allotment status is published by the registrar, LINK.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.