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Qualiance International IPO Price Band & Lot Size

SMEListed
QUALIANCE · Apparel · NSE SME

Updated · GMP, subscription and listing data refresh through the day.

Qualiance International IPO Details

RegistrarMUFG Intime India Pvt. Ltd.
Lead managersHem Securities Ltd
Offer documentDraft (DRHP)
Fresh issue₹45.11 Cr
Offer for sale—
Market cap at the offer₹170.84 Cr

Market capitalisation is the post-issue share count in the offer document’s capital structure (1,34,52,000 shares) multiplied by the upper end of the price band, ₹127. It is arithmetic on those two filed figures, not a valuation.

Qualiance International Financials ₹ in crore

Revenue CAGR+42.5%2024 → 2025 · 1 yr
Profit CAGR+72.5%2024 → 2025 · 1 yr
Total assets CAGR+33.4%2024 → 2025 · 1 yr
00%253%505%758%10010%20242025
₹ crore20242025
Revenue₹37.23₹53.07
Expenses——
Net profit (PAT)₹2.84₹4.9
PAT margin7.6%9.2%
Total assets₹43.14₹57.53

Qualiance International IPO Valuation and Listed Peers as stated in the offer document

CompanyP/EEPSRoNWNAV / share
Qualiance International this issue, at ₹127—₹4.9535.44%₹13.96
Gokaldas Exports Limited27.1×₹22.369.4%₹281.46
S P Apparels Limited18.87×₹37.911.11%₹341.27

The issue’s own figures are copied from the “Basis for the Offer Price” section of its offer document at the upper end of the price band, and the peers are the listed companies Qualiance International names in that same section as its comparison set. Peer figures are for the periods the document states, so they are not necessarily the latest reported. Every cell is transcribed from the filing; none is calculated here, and a figure the document does not state is left blank.

Qualiance International Shareholding before & after the IPO

Before the IPO
Pre-issue · RHP capital structure
86.49%
Promoter
After the IPO
Post-issue · as disclosed in the RHP
63.66%
Promoter
Promoter & promoter groupafter the IPO
Holding63.66%
Shares85,63,000
Through the IPO-22.83% · exiting

The founding owners and their group entities.

The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.

Qualiance International IPO Lot Size & Minimum Investment by investor category

ApplicationSharesAmount at ₹127
Individual investor (min)minimum application2,000₹2,54,000

The minimum application is 2,000 shares, ₹2,54,000 at the ₹127 cut-off. Since 1 July 2025 SME issues take a minimum application of ₹2,00,000 or more from individual investors; the HNI minimum is set in the RHP. Amounts are shown at the upper band because applications are made at the cut-off price.

About Qualiance International

Qualiance International Limited is a company engaged in the manufacture and export of performance garments for institutional, government, and brand clients in international markets. Its product portfolio includes military uniforms, tactical outerwear, and high-visibility workwear. The company operates a manufacturing facility in Tiruppur, Tamil Nadu, and its revenue from the sale of manufactured products is primarily derived from exports to Europe and North America.

Qualiance International IPO Strengths & Risks as disclosed in the DRHP

▲ Strengths (5)
The company has an in-house manufacturing facility with a quality control mechanism.
The company has a widespread reach in international markets.
The company possesses integrated expertise in high-performance technical garments.
The company has a qualified and experienced management team.
The company maintains cordial relationships with its suppliers, customers, and employees.
▼ Risk factors (7)
A significant portion of revenue is derived from woven garments, and any decline in sales could adversely affect the business.
The company depends on a limited number of customers for a significant portion of its revenue.
The company derives a majority of its revenues from exports and is subject to risks of international trade.
There are outstanding legal proceedings involving the company, its directors, and promoters.
The company depends on a limited number of suppliers for raw materials, and interruptions in availability could adversely impact operations.
The company has had negative cash flows from operating, investing, and financing activities in the past, and future negative cash flows may affect liquidity and financial condition.
There are certain discrepancies/errors noticed in some of our corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/2013.

How to check Qualiance International IPO allotment status

Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Qualiance International Limited, the registrar is MUFG Intime India Pvt. Ltd. — allotment is finalised in the days between the issue closing on 08 Sept 2026 and listing on 11 Sept 2026.

RegistrarMUFG Intime India Pvt. Ltd.
You will needPAN, application number or demat ID
Issue closes08 Sept 2026
Listing date11 Sept 2026
Issue opens
Fri, 04 Sept, 2026
Bidding 10:00 am – 5:00 pm IST
Issue closes
Tue, 08 Sept, 2026
Last day to bid · UPI mandate by 5:00 pm
Allotment finalisedTentative
Wed, 09 Sept, 2026
By MUFG Intime; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Thu, 10 Sept, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Fri, 11 Sept, 2026
NSE SME · trading from 10:00 am IST

Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.

The registrar publishes allotment on its own portal: MUFG Intime. Your bank will also show the blocked amount released if shares were not allotted.

Qualiance International IPO Price Band & Lot Size FAQs

What is the price band of Qualiance International IPO?

The Qualiance International Limited IPO price band is ₹127 to ₹127 per share. Applications are made at the cut-off price, which is the upper end of the band.

What is the lot size of Qualiance International IPO?

One lot is 2000 shares, so a single application at the ₹127 cut-off costs ₹2,54,000. One lot already exceeds the ₹2,00,000 retail limit, so this issue can only be applied for in the HNI category.

What is the minimum investment in Qualiance International IPO?

₹2,54,000 — one lot of 2000 shares at ₹127. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Is Qualiance International IPO a mainboard or SME issue, and on which exchange?

Qualiance International Limited is an SME issue listing on NSE SME. SME issues have a larger minimum lot and trade on the exchange's SME platform after listing. The lead manager is Hem Securities Ltd.

What is the issue size of Qualiance International IPO?

The issue size is ₹45.11 crore, of which ₹45.11 crore is a fresh issue.

Qualiance International IPO Registrar where allotment and refund queries go

RegistrarMUFG Intime India Pvt. Ltd.

The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.

How to Apply for the Qualiance International IPO ASBA and UPI, as SEBI sets them

  1. Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
  2. Choose the number of lots and bid at the cut-off price. SME issues take a minimum application of two lots, so the smallest valid bid is the amount shown in the lot table above.
  3. If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (08 Sept 2026).
  4. One application per PAN. A second application under the same PAN is rejected, and both may be.
  5. After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, MUFG Intime India Pvt. Ltd., not to the exchange or the broker.

What is GMP in an IPO?

Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹65 on a ₹127 upper band means the grey market is dealing at ₹192.

The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.