Qualiance International Share Price Lists at 77.09% Premium on NSE

Qualiance International shares made a strong stock market debut on September 11, 2026, listing at a premium of 77.09% over the IPO issue price on the NSE SME platform. The stock opened at ₹224.90 per share, compared with its issue price of ₹127 per share.

The listing followed the company’s ₹45.11 crore IPO, which was open for subscription from September 4 to September 8, 2026. The issue witnessed strong investor demand and was subscribed 459.22 times by the end of the bidding period.

Qualiance International’s IPO comprised a completely fresh issue of 35,52,000 equity shares, aggregating to ₹45.11 crore.

Incorporated in August 2006, Qualiance International Limited designs, manufactures and exports performance and technical garments. Its portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant apparel and police uniforms.

Qualiance International IPO Listing Details

Qualiance International launched its ₹45.11 crore book-built IPO, comprising a completely fresh issue of 35,52,000 equity shares. The bidding window opened on September 4 and closed on September 8, 2026.

The final issue price was fixed at ₹127 per equity share, with a face value of ₹10 per share. Investors could bid for a minimum lot of 1,000 shares, requiring an investment of ₹1,27,000 at the issue price.

The IPO received an overall subscription of 459.22 times. The individual investor category was subscribed 447.13 times, the QIB portion, excluding anchor investors, was subscribed 299.60 times, while the NII category recorded the highest demand at 699.59 times.

Qualiance International subsequently made its stock market debut at ₹224.90 per share on the NSE SME platform, representing a premium of 77.09% over its IPO issue price of ₹127.

• Issue Price: ₹127 per share
• NSE SME Listing Price: ₹224.90 per share
• NSE Listing Premium: 77.09%
• IPO Size: ₹45.11 crore
• Fresh Issue: 35,52,000 equity shares
• Offer for Sale: Nil
• Minimum Lot Size: 1,000 shares
• Minimum Investment: ₹1,27,000
• IPO Open Date: September 4, 2026
• IPO Close Date: September 8, 2026
• Listing Date: September 11, 2026

First-Day Trading Performance

Listing Price: Qualiance International share price debuted at ₹224.90 per share on the NSE SME platform against the IPO issue price of ₹127, translating into a listing premium of 77.09%.

As of September 11, 2026, at 10:02 AM, Qualiance International shares were trading at ₹214.25 on the NSE, representing a gain of 68.70% over the IPO issue price of ₹127.

The strong debut followed robust demand for the company’s ₹45.11 crore IPO, which was subscribed 459.22 times overall.

Investor demand was led by non-institutional investors, whose portion was subscribed 699.59 times. The individual investor category was subscribed 447.13 times, while the QIB portion, excluding anchor investors, was subscribed 299.60 times.

Growth Drivers and Challenges

Growth Drivers

Export-Oriented Business: Serves customers across major international markets.

Specialised Product Portfolio: Manufactures performance and technical garments.

High Export Contribution: Exports generated 98.82% of FY26 revenue.

Manufacturing Capacity: Annual capacity reaches 450,000 garment pieces.

Financial Growth: Revenue and profitability increased strongly during FY26.

Challenges

Export Concentration: Heavy dependence on international market demand.

Geographic Exposure: Primarily serves Europe and North America.

Customer Market Risks: Overseas demand may face economic fluctuations.

Manufacturing Dependence: Performance relies on efficient facility utilisation.

Currency Exposure: Export-led operations face foreign exchange fluctuations.

Utilisation of IPO Proceeds

Qualiance International’s ₹45.11 crore IPO comprised a completely fresh issue of 35,52,000 equity shares, with no offer-for-sale component.

The public issue comprised:

• Fresh issue of 35,52,000 equity shares
• Total IPO size of ₹45.11 crore
• No offer-for-sale component

Hem Securities Limited acted as the book-running lead manager for the IPO, while MUFG Intime India Private Limited served as the registrar.

Business and IPO Overview

Incorporated in August 2006, Qualiance International Limited designs, manufactures and exports performance and technical garments. Its product portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant apparel and police uniforms.

The company operates a specialised manufacturing facility in Tiruppur, Tamil Nadu, with an annual production capacity of 450,000 garment pieces.

Qualiance International primarily serves customers across Europe and North America. Its export-oriented business model accounted for 98.82% of operational revenue in Fiscal 2026. The company had 255 payroll employees and operates with a focus on performance apparel and international quality standards.

The company recorded significant financial growth in Fiscal 2026. Total income increased to ₹80.95 crore from ₹55.06 crore in Fiscal 2025 and ₹38.14 crore in Fiscal 2024. Profit after tax rose to ₹11.87 crore in Fiscal 2026 from ₹4.90 crore in the previous financial year.

As of March 31, 2026, total assets stood at ₹68.99 crore and net worth at ₹24.74 crore. EBITDA reached ₹16.72 crore, while total borrowings declined to ₹28.50 crore from ₹29.71 crore in the previous fiscal year.

Qualiance International entered the public markets through a ₹45.11 crore IPO comprising a completely fresh issue of 35,52,000 equity shares. The issue opened on September 4 and closed on September 8, 2026, with the final issue price fixed at ₹127 per share.

The IPO witnessed significant investor demand and was subscribed 459.22 times overall. The NII category led subscriptions at 699.59 times, followed by individual investors at 447.13 times and QIBs, excluding anchor investors, at 299.60 times.

Qualiance International made a strong stock market debut on September 11, 2026, with shares listing at ₹224.90 on the NSE SME platform, representing a premium of 77.09% over the IPO issue price of ₹127.

As of 10:02 AM on listing day, the stock was trading at ₹214.25, still 68.70% above its IPO issue price.