Qualiance International IPO Details
| IPO Open Date | September 4, 2026 |
| IPO Close Date | September 8, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹120 to ā¹127 Per Share |
| Issue Size | Approx ā¹45.11 Crores |
| Fresh Issue | Approx ā¹45.11 Crores |
| Issue Type | Book build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Qualiance International IPO Market Lot
The Qualiance International IPO minimum market lot is 2000 shares with ā¹2,54,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2000 | ā¹2,54,000 |
| Retail Maximum | 2 | 2000 | ā¹2,54,000 |
| S-HNI Minimum | 3 | 3000 | ā¹3,81,000 |
| S-HNI Maximum | 7 | 7000 | ā¹8,89,000 |
| B-HNI Minimum | 8 | 8000 | ā¹10,16,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 10,09,000 Shares | 28.41% |
| QIB (Ex. Anchor) | 6,74,000 Shares | 18.98% |
| NII Shares Offered | 5,07,000 Shares | 14.27% |
| Retail Shares Offered | 11,82,000 Shares | 33.28% |
Qualiance International IPO Anchor Investors
| Anchor Bidding Date | August 3, 2026 |
| Anchor Investors List | |
| Shares Offered | 10,09,000 Shares |
| Anchor Size | 12.81 Cr. |
| lock-in period end date 50% shares (30 Days) | Oct 9, 2026 |
| lock-in period end date 50% shares (90 Days) | Dec 8, 2026 |
Qualiance International IPO Dates
The Qualiance International IPO date is September 4 and the close date is September 8. The Qualiance International IPO allotment will be finalized on September 9 and the IPO listing on September 11.
| IPO Open Date: | September 4, 2026 |
| IPO Close Date: | September 8, 2026 |
| Basis of Allotment: | September 9, 2026 |
| Refunds: | September 10, 2026 |
| Credit to Demat Account: | September 10, 2026 |
| IPO Listing Date: | September 11, 2026 |
Promoters and Holding Pattern
The promoters of the company are Vipul Badani, Bhoomin R Badani and Krupa Rajesh Badani.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 85,63,000 | 86.49% | 85,63,000 | 63.66% |
| Others* | 13,37,000 | 13.51% | 48,89,000 | 36.34% |
| Total | 99,00,000 | 100% | 1,34,52,000 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu | ā¹31.35 |
| General Corporate Purpose | ā¹- |
About Qualiance International
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 international brand
customers. The Company traces its origins to 1994, when it commenced operations as a partnership firm under the name M/s. Qualiance Exports.
It was subsequently incorporated as Qualiance International Private Limited and was converted into a public limited company in December 2025. Its product portfolio comprises military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, police and border patrol uniforms, protective workwear and performance activewear.
Company Financials
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ā¹38.14 | ā¹34.74 | ā¹2.84 | ā¹43.14 |
| 2025 | ā¹55.06 | ā¹48.77 | ā¹4.90 | ā¹57.53 |
| 2026 | ā¹80.95 | ā¹64.90 | ā¹11.87 | ā¹68.99 |
Company Valuation – FY2026
Check Qualiance International IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 61.56% |
| ROCE: | 37.33% |
| EBITDA Margin: | 21.74% |
| PAT Margin: | 15.44% |
| Debt to equity ratio: | 1.15 |
| Earning Per Share (EPS): | ā¹11.99 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 47.98% |
| Net Asset Value (NAV): | ā¹24.99 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Gokaldas Exports Limited | 13.71 | 60.84 | 4.63% | 294.95 | 4,064.96 Cr. |
| S P Apparels Limited | 40.22 | 23.21 | 10.67% | 376.36 | 1,596.76 Cr. |
IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
Company Address
Qualiance International Ltd.
406 – B Wing, Knox Plaza,
Next to Tangent Showroom,
Mindspace, Mal, ad West,
Mumbai, Maharashtra, 400064
Phone: +91 22 42666003
Email: cs@qualiance.com
Website: https://www.qualiance.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: qualiance.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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