Qualiance International IPO GMP today is Rs 76. Investors can use this GMP along with price band and subscription status for a better IPO review.
Closed
SME IPO
QUALIANCE
Qualiance International IPO GMP & Allotment
Qualiance International is an integrated apparel manufacturer specializing in technical outerwear, performance products, workwear, uniforms, and lifestyle garments across both woven and knit categories. The company operates from its manufacturing facility located in Tiruppur, Tamil Nadu, which has an installed base production capacity of 4,50,000 pieces per annum. Its manufacturing capabilities include seam sealing, bonded and sew-free construction, ultrasonic welding, laser cutting and perforation, reflective fusing, down filling, and quilting. The business generates revenue primarily through the sale of woven and knitted garments to institutional buyers, workwear companies, and lifestyle brands in international markets, with a significant focus on exports to countries such as Switzerland, the United Kingdom, and the United States. A substantial portion of its product sales is derived from woven garments, supported by certifications aligning with global sustainability requirements.
- IPO Price Band
- ₹120.00 - ₹127.00
- Lot Size
- 1,000 Shares
- Bidding Closes
- 08 Sept 2026
- Listing Date
- 11 Sept 2026
Current GMP Status
₹76
+59.84% vs upper band
Est. Listing Gain
+59.84%
Last Trend
09 Sept 2026
Listing Price
Est. ₹203
Retail Entry
₹2,54,000
IPO Details
Complete IPO information
| IPO Open Date | 04 Sept 2026 |
|---|---|
| IPO Close Date | 08 Sept 2026 |
| IPO Price Band | ₹120.00 - ₹127.00 |
| Lot Size | 1,000 Shares |
| Current GMP | ₹76 |
| Estimated Listing Gain | +59.84% |
| Issue Size | Approx ₹45.11 Cr |
| Fresh Issue | Approx ₹45.11 Cr |
| Issue Type | SME |
| IPO Listing | NSE, BSE |
| Retail Quota | TBA |
| Registrar | TBA |
| Overall Subscription | 459.22x |
| Minimum Investment | ₹2,54,000 |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
Demand Tracker
Subscription Status
| Category | Shares Reserved | Shares Applied | Subscription (x) |
|---|---|---|---|
| QIB | 6.74 | 2019.29 | 299.60x |
| NII | 5.07 | 3546.94 | 699.59x |
| Retail | 11.82 | 5285.06 | 447.13x |
| Overall Subscription | 23.63 | 108.51 | 459.22x |
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Qualiance International is priced at ₹127 per share. With a minimum lot size of 1,000 shares, a retail investor applying for one lot would need approximately ₹2,54,000 to participate in this SME issue.
The latest recorded Grey Market Premium for Qualiance International stands at ₹76, implying an estimated listing gain of around 59.84% over the issue price if it holds until listing. This is up ₹6 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Qualiance International's IPO was subscribed 459.22x overall, with a category-wise breakdown of Retail 447.13x, QIB 299.6x, NII 699.59x.
Among the strengths highlighted in Qualiance International's IPO documents: In-house manufacturing facility with integrated quality control mechanisms.; Widespread reach in key international markets, primarily Switzerland..
Investors should also weigh the risk factors Qualiance International has disclosed, including: Derives 71.55% of product revenue solely from woven garments..
SME IPOs list on the dedicated SME platform of BSE/NSE. They usually involve smaller issue sizes and a higher per-lot investment than Mainboard issues, with comparatively lower institutional participation.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
04 Sept 2026
✓
Bidding Closes
08 Sept 2026
03
Allotment Next
09 Sept 2026
04
Listing
11 Sept 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 09 Sept 2026 | ₹65.00 | +₹6.00 | 51.18% |
| 08 Sept 2026 | ₹59.00 | +₹4.00 | 46.46% |
| 07 Sept 2026 | ₹55.00 | - | 43.31% |
| 06 Sept 2026 | ₹55.00 | - | 43.31% |
| 03 Sept 2026 | ₹55.00 | - | 43.31% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 2,000 | ₹2,54,000 |
| Retail Maximum | 2 Lot | 2,000 | ₹2,54,000 |
| S-HNI Minimum | 3 Lot | 3,000 | ₹3,81,000 |
| S-HNI Maximum | 7 Lot | 7,000 | ₹8,89,000 |
| B-HNI Minimum | 8 Lot | 8,000 | ₹10,16,000 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
Issue Notes
Important takeaways before applying
Strengths
- In-house manufacturing facility with integrated quality control mechanisms.
- Widespread reach in key international markets, primarily Switzerland.
- Integrated expertise in manufacturing high-performance technical garments.
- Globally recognized quality, safety, and sustainability certifications.
- Qualified and experienced management team leading operations.
Risks
- Derives 71.55% of product revenue solely from woven garments.
- Over 99% of revenue relies heavily on the top 10 customers.
- High geographic concentration risk with major exports to Switzerland.
- The proposed new manufacturing facility faces risks of delays and cost overruns.
- Heavy reliance on imported raw materials exposes the supply chain to disruptions.
Analysis
Qualiance International IPO Reservation Details
The IPO reservation structure outlines the share allocation across different investor categories, including Anchor Investors, Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Individual Investors (RII).
The highest allocation is reserved for Retail Individual Investors at 33.28% (11,82,000 shares), followed by Anchor Investors at 28.41% (10,09,000 shares). QIB investors (excluding anchor) account for 18.98% (6,74,000 shares), while the NII portion comprises 14.27% (5,07,000 shares).
| Investor Category | Shares Offered | % Shares |
|---|---|---|
| Anchor Investor | 10,09,000 Shares | 28.41% |
| QIB (Ex. Anchor) | 6,74,000 Shares | 18.98% |
| NII Shares Offered | 5,07,000 Shares | 14.27% |
| Retail Shares Offered | 11,82,000 Shares | 33.28% |
Note: A total of 33,72,000 equity shares are offered across these four primary investor categories, with retail individual bidders receiving the largest quota at 33.28%.
Analysis
Qualiance International IPO Anchor Investors
The Qualiance International IPO anchor bidding was scheduled for August 3, 2026, ahead of the public issue. The company allotted 10,09,000 equity shares to anchor investors with an anchor allocation size of approximately ₹12.81 crores.
| Particular | Details |
|---|---|
| Anchor Bidding Date | August 3, 2026 |
| Shares Offered | 10,09,000 Shares |
| Anchor Size | ₹12.81 Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | October 9, 2026 |
| Lock-in Period End Date – Remaining 50% Shares (90 Days) | December 8, 2026 |
Note: The anchor investors were allotted 10,09,000 shares for approximately ₹12.81 crores. The first 50% of the anchor allocation is subject to a 30-day lock-in ending on October 9, 2026, while the remaining 50% is subject to a 90-day lock-in ending on December 8, 2026.
Analysis
Qualiance International IPO Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 04 Sept 2026 |
| IPO Close Date | 08 Sept 2026 |
| Basis of Allotment | 09 Sept 2026 |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 11 Sept 2026 |
Note: The timeline for Qualiance International IPO is tentative and subject to change.
Analysis
Qualiance International IPO Promoters and Holding Pattern
The promoters of Qualiance International are Vipul Badani, Bhoomin R Badani and Krupa Rajesh Badani. Before the IPO, the promoter and promoter group held 85,63,000 equity shares, representing 86.49% of the company's pre-IPO share capital.
After the IPO, the promoter and promoter group holding is expected to remain at 85,63,000 shares, but their ownership percentage will reduce to 63.66% due to the increase in the company's total equity share capital. The holding of other shareholders is expected to increase from 13,37,000 shares to 48,89,000 shares.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 85,63,000 | 86.49% | 85,63,000 | 63.66% |
| Others* | 13,37,000 | 13.51% | 48,89,000 | 36.34% |
| Total | 99,00,000 | 100% | 1,34,52,000 | 100% |
Holding Pattern: The promoter group's percentage holding decreases from 86.49% before the IPO to 63.66% after the IPO, reflecting dilution from the fresh issue. The promoters continue to hold the same number of shares based on the provided shareholding data.
Analysis
Qualiance International Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Analysis
Qualiance International About Ipo
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 international brand
customers. The Company traces its origins to 1994, when it commenced operations as a partnership firm under the name M/s. Qualiance Exports.
It was subsequently incorporated as Qualiance International Private Limited and was converted into a public limited company in December 2025. Its product portfolio comprises military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, police and border patrol uniforms, protective workwear and performance activewear.
Analysis
Qualiance International Company Financials
To Be Updated Soon
Analysis
Qualiance International Company Valuation – FY2026
To Be Updated Soon
Analysis
Qualiance International IPO Peer Group Comparison
To Be Updated Soon
Analysis
Qualiance International IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
Comparison
Compare Qualiance International IPO with similar IPOs
FAQ
Qualiance International IPO FAQs
Qualiance International IPO price band is Rs 120.00 to Rs 127.00. Check the latest issue price, lot size and GMP together before applying.
Qualiance International IPO open date is 04 Sept 2026, close date is 08 Sept 2026, and listing date is 11 Sept 2026.
Qualiance International IPO lot size is 1,000 shares. The minimum retail investment is Rs 2,54,000.
Qualiance International is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Qualiance International IPO subscription status currently shows Retail 447.13x, QIB 299.6x, NII 699.59x, Overall 459.22x.
Qualiance International is an integrated apparel manufacturer specializing in technical outerwear, performance products, workwear, uniforms, and lifestyle garments across both woven and knit categories. The company operates from its manufacturing facility located in Tiruppur, Tamil Nadu, which has an installed base production capacity of 4,50,000 pieces per annum. Its manufacturing capabilities include seam sealing, bonded and sew-free construction, ultrasonic welding, laser cutting and perforation, reflective fusing, down filling, and quilting. The business generates revenue primarily through the sale of woven and knitted garments to institutional buyers, workwear companies, and lifestyle brands in international markets, with a significant focus on exports to countries such as Switzerland, the United Kingdom, and the United States. A substantial portion of its product sales is derived from woven garments, supported by certifications aligning with global sustainability requirements.
Qualiance International IPO issue size is 45.11 and the expected allotment date is 09 Sept 2026.
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