Qualiance International Limited IPO
4 Sept 2026 – 8 Sept 2026
Share Price
- Candle
- 6 Oct
- O
- ₹172
- H
- ₹175.55
- L
- ₹160
- C
- ₹166.4
16 trading days since listing · NSE end-of-day prices
Issue Details
- Price Band
- ₹120 – ₹127
- Lot Size
- 1000 shares
- Min Investment
- ₹2,54,000 (2 lots · 2,000 shares)
- Face Value
- ₹10
- Fresh Issue
- 35,52,000 shares (to the company)
- Listing At
- NSE · BSE
- Issue Size
- Initial Public Offer comprising of Fresh Issue of up to 35,52,000 Equity Shares (including Market Maker portion of 1,80,000 Equity Shares and Anchor reservation portion of 10,09,000 Equity Shares)
- Registrar
- MUFG Intime India Private Limited ↗
Timetable
GMP History
Latest GMP ₹81 · Last updated 7 Oct 2026, 11:51 am IST
| Date | GMP | GMP % | Change | Est. Listing | Updated (IST) |
|---|---|---|---|---|---|
| 10 Sept | ₹84 | +66.1% | +₹4 | ₹211 | |
| 9 Sept | ₹80 | +63.0% | +₹15 | ₹207 | |
| 8 Sept | ₹65 | +51.2% | +₹10 | ₹192 | |
| 7 Sept | ₹55 | +43.3% | — | ₹182 | |
| 6 Sept | ₹55 | +43.3% | — | ₹182 | |
| 5 Sept | ₹55 | +43.3% | — | ₹182 | |
| 4 Sept | ₹55 | +43.3% | — | ₹182 | |
| 3 Sept | ₹55 | +43.3% | — | ₹182 | |
| 2 Sept | ₹55 | +43.3% | — | ₹182 |
Subscription
NSE publishes what each category bid for on this issue but not how many shares were reserved for it, so the bids below stand without a multiple against them.
Category-wise bidding
| Category | Bid for | Applications | Times |
|---|---|---|---|
| QIB | 20,19,29,000 | 162 | — |
| NII / HNI | 35,48,74,000 | 56,587 | — |
| bNII · bids above ₹10L | 28,60,34,000 | 34,716 | — |
| sNII · bids ₹2L–₹10L | 6,88,40,000 | 21,871 | — |
| Retail | 52,85,08,000 | 2,64,254 | — |
Bids received on NSE, as at 08-Sep-2026 19:00:14 IST. The two NII rows are parts of the NII total above them, not additions to it.
Day-wise subscription
| Date | QIB | NII / HNI | Retail | Total |
|---|---|---|---|---|
| 8 Sept | — | — | — | 426.78x |
| 7 Sept | — | — | — | 83.68x |
Financials
All values in ₹ crore
About Qualiance International
Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance garments for institutional, government and brand clients in international markets. The company product portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, police and border patrol uniforms, protective workwear and performance activewear. The company operate a manufacturing facility located in Tiruppur, Tamil Nadu with a total built up area of over 45,000 square feet over a land area of approximately 1,046.31 square meters and an installed capacity of 450,000 garment pieces per annum. They have manufactured garments based on product specifications and compliance requirements of European military, government and institutional buyers. Competitive Strengths: In-house manufacturing facility with quality control mechanism Widespread reach in international markets Integrated expertise in high performance technical garments
As published in the company's own offer documents.
Strengths
- In-house manufacturing facility with quality control mechanism
- Widespread reach in international markets
- Integrated expertise in high performance technical garments
As stated by the company in its prospectus — not our assessment.
The company's own risk factors are not shown here. They run to dozens of pages in the Red Herring Prospectus, under “Risk Factors”, and are worth the read before applying.
Lead Managers
- Hem Securities Limited
Offer details
Application sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min)one lot, the smallest bid allowed | 1 | 1,000 | ₹1,27,000 |
| S-HNI (min)first bid over ₹2L | 2 | 2,000 | ₹2,54,000 |
| S-HNI (max)most that stays under ₹10L | 7 | 7,000 | ₹8,89,000 |
| B-HNI (min)first bid over ₹10L | 8 | 8,000 | ₹10,16,000 |
Priced at the top of the band, which is what a cut-off bid pays. Retail ends at ₹2,00,000 and S-HNI at ₹10,00,000; these are SEBI's limits, not the issuer's.
Issue mechanics
- Issue Type
- Book Building
- Categories
- FI, IC, MF, FII, OTH, CO, IND and NOH
- UPI Eligible
- IND (upto 5 Lakhs)
- Max Bid (QIB)
- 23,63,000 Equity shares (Calculated at Higher Price band)
- Max Bid (NII)
- 16,89,000 Equity shares (Calculated at Higher Price band)
- Tick Size
- Re.1
- Bidding Hours
- 10.00 a.m. to 5.00 p.m. (Bidding Timings on Issue Closure upto 4:00 P.M.)
- UPI Mandate Cut-off
- 08-Sep-2026 (upto 5:00 PM) The cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding. Further bids with confirmed status of mandate amount blocked (RC100) shall be considered as valid applications and hence investors are advised to submit their UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper their ability to p
- Sponsor Bank
- Kotak Mahindra Bank Limited
Registrar
- Name
- MUFG Intime India Private Limited
- Address
- C 101, Embassy 247, L B S Marg, Vikhroli West, Mumbai 400083, India
- Contact
- Shanti Gopalkrishnan, +91 810 811 4949, qualiance.smeipo@in.mpms.mufg.com
Documents
- Red Herring ProspectusThe full offer documentPDF
- Basis of Issue PriceHow the band was arrived atPDF
- Anchor AllocationWho was allotted before the issue openedPDF
- Application FormThe blank ASBA form, as filedPDF
- Security ParametersTick size, lot and limits as filed with the exchangePDF
- Security Parameters (post-anchor)The same, restated after the anchor book closedPDF
Published by NSE as ZIP archives; opened here as the PDF inside.
Collected from NSE and public sources. Always confirm against the prospectus before applying.
Frequently Asked Questions
What is the GMP of Qualiance International Limited IPO today?
The latest grey market premium for Qualiance International Limited IPO is ₹81. GMP is unofficial and indicative only — it is not a guarantee of listing price.
What is the price band of Qualiance International Limited IPO?
The price band is ₹120 – ₹127, with a lot size of 1000 shares. The minimum investment is ₹2,54,000.
When does Qualiance International Limited IPO open and close?
The issue opens on 4 Sept 2026 and closes on 8 Sept 2026. Listing is expected on 11 Sept 2026.
Who is the registrar for Qualiance International Limited IPO?
MUFG Intime India Private Limited is the registrar. Allotment status can be checked on the registrar's website once allotment is finalised.