How to Check Qualiance International IPO Allotment Status

Qualiance International Limited is engaged in the design, engineering, manufacturing and export of performance garments for institutional, government and brand customers in international markets. Incorporated in 2006, the company commenced operations at its manufacturing facility in Tiruppur, Tamil Nadu, in 2017.

The company's portfolio covers woven and knitted garments, with a focus on performance and technical apparel designed according to specific functional and compliance requirements. Its manufacturing capabilities include seam sealing, bonded assembly, ultrasonic welding, laser cutting, reflective fusing and down filling.

Qualiance has an established export-oriented business, with international markets contributing 98.82% of FY26 revenue from operations. Europe, particularly Switzerland, and North America are important markets. The company has supplied uniforms and operational outerwear to the Government of Switzerland for around two decades, including products used by its army, police, customs and railways.

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Its existing Tiruppur manufacturing facility spans more than 45,000 sq. ft. and has an annual production capacity of approximately 4.50 lakh garment pieces. Capacity utilisation stood at around 88% in FY26.

Qualiance International IPO is a ₹45.11 crore book-built NSE SME issue, comprising a fresh issue of 35.52 lakh equity shares. The IPO does not include an offer-for-sale component.

The IPO opened for subscription on September 4, 2026 and closed on September 8, 2026. The basis of allotment is scheduled for September 9, 2026, followed by initiation of refunds and credit of shares on September 10. The shares are scheduled to list on NSE SME on September 11, 2026.

The price band was fixed at ₹120 to ₹127 per share, with a lot size of 1,000 shares. Individual Investors are required to apply for a minimum of two lots or 2,000 shares, resulting in a minimum investment of ₹2,54,000 at the upper price band.

Hem Securities Limited is the book-running lead manager to the issue, while MUFG Intime India Private Limited is the registrar.

Registrar: MUFG Intime India Private Limited

BSE: BSE IPO Allotment Status Page

Qualiance International IPO Subscription Status

Qualiance International IPO was subscribed 458.80 times by 5:06 PM on September 8, 2026, based on the supplied 5paisa subscription snapshot. At that point, the public issue had received bids for 1,08,41,41,000 shares against 23,63,000 shares available for subscription. 

The NII category recorded the highest demand in the supplied snapshot, reaching 699.46 times on Day 3. NII subscription increased from 13.80 times on the opening day to 135.70 times on Day 2 before accelerating substantially during the closing session. 

The Individual Investor category was subscribed 446.35 times in the supplied closing-day snapshot. Demand increased from 19.29 times on Day 1 to 120.73 times on Day 2 before crossing 400 times on the final day. 

The QIB category was subscribed 299.60 times in the supplied snapshot, compared with 4.10 times on Day 1 and 5.75 times on Day 2. This indicates that a substantial portion of institutional bidding arrived on the final day. 

Overall subscription increased from 13.78 times on Day 1 to 91.14 times on Day 2, before reaching 458.80 times by 5:06 PM on September 8. 

Later post-close data varies depending on the source and reservation methodology. One later tracker recorded the issue at 459.22 times overall, with QIB at 299.60 times, NII at 699.59 times and Retail at 447.13 times. Other exchange-linked sources report a lower overall figure because of different treatment of anchor/QIB and NII reservations. The table above therefore retains the 458.80-times 5paisa snapshot supplied. 

Qualiance International IPO Share Price and Investment Details 

Qualiance International IPO price band was fixed at ₹120 to ₹127 per share, with a lot size of 1,000 shares. Individual Investors are required to apply for a minimum of two lots or 2,000 shares, translating into a minimum investment of ₹2,54,000 at the upper price of ₹127. 

The IPO comprises 35.52 lakh fresh equity shares, aggregating to approximately ₹45.11 crore at the upper price band. There is no OFS component, and the shares are proposed to list on NSE SME. 

The total offer includes 16.83 lakh shares allocated to QIBs including anchor investors, 5.07 lakh shares for NIIs, 11.82 lakh shares for Retail Investors and 1.80 lakh shares for the market maker. 

Based on the supplied subscription snapshot, NIIs led demand at 699.46 times, followed by Individual Investors at 446.35 times and QIBs at 299.60 times. Overall subscription stood at 458.80 times at the supplied 5:06 PM cut-off. 

Given the level of oversubscription across categories, competition for allotment is high. The basis of allotment is scheduled for September 9, 2026, followed by refunds and credit of shares on September 10 and the proposed listing on September 11. 

Utilisation of IPO Proceeds 

Qualiance International proposes to utilise approximately ₹38 crore from the IPO proceeds towards funding capital expenditure for setting up a new manufacturing facility in Tiruppur, Tamil Nadu. This represents the principal stated objective of the fresh issue. 

The proposed facility is intended to expand the company's manufacturing infrastructure and support its performance and technical garment operations. The expansion comes as utilisation at its existing facility reached approximately 88% in FY26. 

The remaining eligible net proceeds are proposed to be utilised towards general corporate purposes, subject to applicable regulatory limits. 

Since Qualiance International IPO is structured entirely as a fresh issue, there is no OFS component. Consequently, the net proceeds are intended for the company's stated capital expenditure and corporate requirements rather than existing selling shareholders. 

Business Overview 

Qualiance International operates in the performance and technical garment manufacturing segment, designing and producing apparel for institutional, government and brand customers. Its garments are manufactured to meet functional specifications and compliance requirements, particularly for overseas customers. 

Its product portfolio includes both woven and knitted garments. In FY26, woven garments contributed approximately 71.55% of product sales, amounting to ₹54.58 crore, while knitted garments contributed 28.45%, or ₹21.71 crore. 

The company's Tiruppur facility has specialised capabilities including seam sealing, bonded assembly, ultrasonic welding, laser cutting, reflective fusing and down filling. Its annual manufacturing capacity is approximately 4.50 lakh garment pieces, with capacity utilisation reaching around 88% in FY26. 

Qualiance is heavily export-oriented. International markets contributed 98.82% of FY26 revenue from operations, compared with 93.87% in FY25 and 87.77% in FY24. Switzerland represented its largest market, contributing around 80.67% of FY26 sales, while the United States accounted for approximately 16.60%. 

The Government of Switzerland is a significant customer for the company and accounted for approximately 79.24% of total revenue in FY26. Qualiance has supplied uniforms and operational outerwear for Swiss government departments, including the army, police, customs and railways, for around two decades. 

The company reported total income of ₹80.95 crore in FY26, compared with ₹55.06 crore in FY25 and ₹38.14 crore in FY24. Profit after tax increased to ₹11.87 crore in FY26, from ₹4.90 crore in FY25 and ₹2.84 crore in FY24. 

Revenue from operations stood at approximately ₹76.89 crore in FY26, compared with ₹53.07 crore in FY25 and ₹37.23 crore in FY24. EBITDA increased to approximately ₹20.93 crore in FY26, compared with ₹10.13 crore in FY25 and ₹5.83 crore in FY24. 

Key strengths include the company's specialised performance-garment manufacturing capabilities, long-standing relationships with overseas institutional customers, high export contribution, established manufacturing infrastructure and experience in meeting international quality and compliance requirements. 

Investors should also consider risks associated with high customer and geographic concentration, dependence on exports, foreign-exchange movements, imported raw materials, capacity-expansion execution and dependence on government and institutional orders. Switzerland contributed more than 80% of FY26 sales, while the Government of Switzerland alone accounted for nearly 79% of total revenue, indicating significant concentration.