GMP IPO Watch
Qualiance International IPO
Qualiance International IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Qualiance International IPO Details
Key facts at a glance| IPO Open Date | 3 September 2026 | IPO Close Date | 7 September 2026 |
|---|---|---|---|
| Basis of Allotment | 8 September 2026 | Listing Date | 10 September 2026 |
| Price Band | ₹120 - ₹127 per share | Face Value | ₹10 per share |
| Market Lot Size | 1000 Shares | Min Investment (Retail) | ₹2,54,000 |
| Total Issue Size | ₹45.11 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹45.11 Cr | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Qualiance International IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 3 September 2026 | Confirmed |
| IPO Close Date | 7 September 2026 | Confirmed |
| Basis of Allotment | 8 September 2026 | Tentative |
| Initiation of Refunds | 10 September 2026 | Tentative |
| Credit of Shares to Demat | 10 September 2026 | Tentative |
| IPO Listing Date | 10 September 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 8 September 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Qualiance International IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,000 Shares | ₹2,54,000 |
| Retail (Max) | 2 Lots | 2,000 Shares | ₹2,54,000 |
| S-HNI (Min) | 3 Lots | 3,000 Shares | ₹3,81,000 |
| S-HNI (Max) | 7 Lots | 7,000 Shares | ₹8,89,000 |
| B-HNI (Min) | 8 Lots | 8,000 Shares | ₹10,16,000 |
Qualiance International IPO Live GMP & Movement History
Daily unofficial grey market trends₹76 +59.8%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 9 Sept 2026 | ₹65 | ₹192.00 | +51.18% |
| 8 Sept 2026 | ₹59 | ₹186.00 | +46.46% |
| 7 Sept 2026 | ₹55 | ₹182.00 | +43.31% |
| 6 Sept 2026 | ₹55 | ₹182.00 | +43.31% |
| 3 Sept 2026 | ₹55 | ₹182.00 | +43.31% |
Qualiance International IPO Subscription Status
Demand breakdown by investor categoryAbout Qualiance International
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.
Key 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.
Key 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.
Qualiance International IPO Reservation & Share Quotas
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% |
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 |
Qualiance International IPO Important 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 ക്വാലിയൻസ് ഇന്റർനാഷണൽ IPO is tentative and subject to change.
Qualiance International Promoters and Shareholding 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% |
Qualiance International Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
Qualiance International About the 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.
Qualiance International Company Financial Report
To Be Updated Soon
Qualiance International Company Valuation & Key Performance Indicators
To Be Updated Soon
Qualiance International Peer Group Comparison
To Be Updated Soon
Qualiance International Lead Managers & Merchant Bankers
- Hem Securities Ltd.
Qualiance International IPO FAQs
Qualiance International IPO opens for subscription on 3 September 2026 and closes on 7 September 2026.
The price band for Qualiance International IPO is set at ₹120.00 to ₹127.00 per share.
The minimum market lot size is 1000 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,000 Shares (₹2,54,000).
The latest Grey Market Premium (GMP) for Qualiance International IPO is ₹76. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Qualiance International IPO is tentatively scheduled for 8 September 2026, and shares are expected to list on the stock exchanges on 10 September 2026.
The registrar details will be confirmed in the official prospectus.