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Latest GMP
- IPO Open Date
- 4th Sep 2026
- IPO Close Date
- 8th Sep 2026
- Allotment date
- 9th Sep 2026
- Listing date
- 11th Sep 2026
- Issue Size
- ₹ 45 Cr.
- Issue Price Band
- ₹ 120 to 127
- Lot Size
- 1000 Share
- Minimum Investment
- ₹ 254000
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Qualiance International Limited
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.
Product Portfolio
Its product portfolio includes:
- Military uniforms
- Tactical outerwear
- High-visibility workwear
- Weather-resistant and all-weather outerwear
- Police and border patrol uniforms
- Protective workwear
- Performance activewear
Manufacturing Facility
The Company operates a manufacturing facility in Tiruppur, Tamil Nadu, with an installed capacity of 450,000 garment pieces per annum.
The facility supports various manufacturing activities, including regular cut-and-sew operations and specialized processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting, and lamination. The Company manufactures both knitted and woven garments based on customer specifications, technical drawings, patterns, and performance requirements.
Markets & Exports
The Company primarily serves customers across Europe and North America, including government, institutional, and brand clients. Its export-focused business contributed 98.82% of revenue from operations in Fiscal 2026.
The Company holds the status of a Two Star Export House issued by the Government of India.
Certifications
The Company follows quality and compliance standards applicable to international markets and holds certifications including:
- ISO 9001:2015
- ISO 14001:2015
- ISO 45001:2018
- ISO 14064-1:2018
- SA 8000
- GOTS
- GRS
Along with SEDEX SMETA audit compliance.
Workforce
As of June 30, 2026, the Company had 255 payroll employees across its manufacturing facility and office operations, supported by contractual labour engaged based on production requirements.
Competitive Strengths
- Strong export-focused business model
- Widespread reach across international markets
- Qualified and experienced promoters and management team
- Integrated expertise in high-performance technical garments
- Specialized manufacturing capabilities for performance apparel
- Multiple international quality, safety, and sustainability certifications
- Skilled workforce supporting manufacturing and operational capabilities
- In-house manufacturing facility supported by a quality control mechanism
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 6,74,000 (28.52%) | 20,19,29,000 | 299.60 |
| NII | 5,07,000 (21.46%) | 35,48,74,000 | 699.95 |
| bNII (> ₹10L) | 3,36,000 (14.22%) | 28,60,34,000 | 851.29 |
| sNII (< ₹10L) | 1,71,000 (7.24%) | 6,88,40,000 | 402.57 |
| Retail | 11,82,000 (50.02%) | 52,85,08,000 | 447.13 |
| Total | 23,63,000 (100.00%) | 1,08,53,11,000 | 459.29 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 08-09-2026 | ₹127 | ₹60 | ₹187 ( 47.24% ) | ₹60,000.00 | 08-Sep-2026 10:10 AM |
| 07-09-2026 | ₹127 | ₹55 | ₹182 ( 43.31% ) | ₹55,000.00 | 07-Sep-2026 10:25 AM |
| 04-09-2026 | ₹127 | ₹55 | ₹182 ( 43.31% ) | ₹55,000.00 | 04-Sep-2026 03:21 PM |
Financials of Qualiance International Limited
A quick overview of the key financial performance of Qualiance International Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 45%, Profit after Tax (PAT) increased by 142%, Total Assets increased by 20% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 37.23 | 53.07 | 76.89 |
| Assets | 43.14 | 57.53 | 68.99 |
| Total Income | 38.14 | 55.06 | 80.95 |
| Profit After Tax | 2.84 | 4.90 | 11.87 |
| EBITDA | 4.86 | 7.97 | 16.72 |
| Net Worth | 8.92 | 13.82 | 24.74 |
| Reserves & Surplus | 10.41 | 14.54 | 24.75 |
| Total Borrowings | 19.17 | 29.71 | 28.50 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
2,000
₹ 2,54,000
Individual Investors (IND) (Max)
2
2,000
₹ 2,54,000
S-HNI (Min)
3
3,000
₹ 3,81,000
S-HNI (Max)
7
7,000
₹ 8,89,000
B-HNI (Min)
8
8,000
₹ 10,16,000
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 2,000 | ₹ 2,54,000 |
| Individual Investors (IND) (Max) | 2 | 2,000 | ₹ 2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹ 3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹ 8,89,000 |
| B-HNI (Min) | 8 | 8,000 | ₹ 10,16,000 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 61.56 |
| ROCE (%) | 37.33 |
| Debt / Equity | 1.15 |
| RoNW (%) | 47.98 |
| PAT Margin (%) | 15.44 |
| EBITDA Margin (%) | 21.74 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
11.99
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
86.49
63.66
|
IPO Lead Manager(s)
Lead Manager Details
- HEM SECURITIES LIMITED
- Contact Person: Neelkanth Agarwal / Deeksha Kaku
- SEBI Registration Number: INM000010981
- Investor Grievance Email: redressal@hemsecurities.com
- Website: https://www.hemsecurities.com
- Email: ib@hemsecurities.com
- Phone: +91-22-49060000
- Address: 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India
IPO Registrar
- Registrar Name
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
- Phone
- +91 810 811 4949
- Contact Person
- Shanti Gopalkrishnan
- SEBI Registration Number
- INR000004058
- Address
- C-101, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
- Website
- https://in.mpms.mufg.com/
Company Contact Details
- Company Name
- Qualiance International Limited
- info@qualiance.com
- Phone
- +91 22 42666003
- Contact Person
- Pradeep Devanand Prajapati
- Corporate Identity Number
- U17299MH2006PLC164026
- Address
- 406 - B Wing, Knox Plaza, Next to Tangent Showroom, Mindspace, Malad West, Mumbai, Maharashtra, India – 400 064
- Website
- https://qualiance.com/
Qualiance International Limited FAQs
