Qualiance International IPO
Qualiance International IPO Details
-
Open Date
04 Sep 2026
-
Close Date
08 Sep 2026
- IPO Price Range
₹ 120 to ₹127
- IPO Size
₹ 45.11 Cr
Qualiance International IPO Timeline
Qualiance International IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 04-Sep-2026 | 4.10 | 13.75 | 18.86 | 13.55 |
Last Updated: 04 September 2026 5:19 PM by 5paisa
Qualiance International Limited designs, manufactures and exports performance and technical garments for government, institutional and brand clients. Established in 1994, the Company operates a manufacturing facility in Tiruppur with an annual capacity of 450,000 garments. Its portfolio includes military uniforms, tactical outerwear, protective workwear and performance activewear. Serving primarily European and North American markets, exports contributed 98.82% of FY2026 revenue, supported by multiple international quality and sustainability certifications.
Established in: 2006
Managing Director: Vipul Badan
Peers:
Gokaldas Exports Limited
S P Apparels Limited
Qualiance International Objectives
1. Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu
2. General Corporate Purpose
Qualiance International IPO Size
| Types | Size |
|---|---|
| Total IPO Size |
₹45.11 Cr |
| Offer For Sale | - |
| Fresh Issue |
₹45.11 Cr |
Qualiance International IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual (Min) | 2 | 2,000 | 2,44,000 |
| Individual (Max) | 2 | 2,000 | 2,54,000 |
| S- HNI (Min) | 3 | 3,000 | 3,60,000 |
| S- HNI (Max) | 7 | 7,000 | 8,89,000 |
| B- HNI (Min) | 8 | 8,000 | 9,60,000 |
Qualiance International IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 4.10 | 6,74,000 | 27,65,000 | 35.116 |
| Non-Institutional Buyers | 13.75 | 5,07,000 | 69,69,000 | 88.506 |
| bNII | 13.82 | 3,36,000 | 46,43,000 | 58.966 |
| sNII | 13.60 | 1,71,000 | 23,26,000 | 29.540 |
| Retail | 18.86 | 11,82,000 | 2,22,90,000 | 283.083 |
| Total** | 13.55 | 23,63,000 | 3,20,24,000 | 406.705 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 37.23 | 53.07 | 76.89 |
| EBITDA | 4.86 | 7.97 | 16.72 |
| PAT | 2.84 | 4.90 | 11.87 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 43.14 | 57.53 | 68.99 |
| Share Capital | 9.90 | 9.90 | 9.90 |
| Total Liabilities | 43.14 | 57.53 | 68.99 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 2.85 | -4.45 | 7.84 |
| Net Cash Generated From / (used in) Investing Activities | -0.44 | -4.38 | -2.61 |
| Net Cash Generated From / (used in) Financing Activities | -1.60 | 7.71 | -4.99 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.81 | -1.12 | 0.24 |
Strengths
1. Specialised expertise in performance and technical garments
2. Established operations with three decades of experience
3. Advanced manufacturing capabilities across specialised garment processes
4. Strong international quality and sustainability certifications
Weaknesses
1. Heavy dependence on international export-driven business revenues
2. Significant concentration among major overseas customer accounts
3. High dependence on imported raw material supplies
4. Limited diversification across domestic revenue-generating markets
Opportunities
1. Growing demand for specialised technical performance apparel
2. Expansion potential across global institutional customer segments
3. Rising demand for sustainable certified garment manufacturing
4. Capacity expansion can support larger international orders
Threats
1. Currency fluctuations may affect export business profitability
2. Global trade disruptions could impact overseas demand
3. Raw material volatility may pressure operating margins
4. Customer concentration increases revenue dependency risks
1. Three decades of specialised garment manufacturing experience
2. Strong presence across international export-driven customer markets
3. Advanced manufacturing capabilities for specialised technical garments
4. Multiple international quality and sustainability certifications
The technical and protective garments industry is supported by growing demand for performance-focused textiles across defence, industrial safety and institutional applications. Increasing safety requirements, adoption of specialised materials and demand for certified protective clothing are supporting market expansion globally. Qualiance International’s specialised manufacturing capabilities, export presence across Europe and North America, and international certifications position it to participate in opportunities within performance and protective apparel markets.
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FAQs
Qualiance International IPO opens from September 4, 2026 to September 8, 2026.
The size of Qualiance International IPO is ₹45.11 Cr.
The price band of Qualiance International IPO is fixed at ₹120 to ₹127 per share.
To apply for Qualiance International IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Qualiance International IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Qualiance International IPO is of 2,000 shares and the investment required is ₹2,44,000.
The share allotment date of Qualiance International IPO is September 9, 2026.
The Qualiance International IPO will likely be listed on September 11, 2026.
Hem Securities Ltd is the book running lead manager for Qualiance International IPO.
Qualiance International IPO plans to utilise the raised capital from the IPO for:
1. Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu
2. General Corporate Purpose