SME NSE • BSE Financial Services

Qualiance International Ltd IPO

Tech-led NBFC delivering AI/ML driven retail credit across Tier-2 & Tier-3 India.

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Price Band ₹120 – ₹127 per share per share
Lot Size 2000 Shares
Min. Investment ₹254000
Issue Size ₹42.62 – 45.11 Cr
Face Value ₹10
IPO Open 04 September 2026
IPO Close 08 September 2026
Allotment 09 Sep 2026
Listing 11 Sep 2026
Live demand

Subscription status for Qualiance International Ltd IPO

As of 06 Sep 26, 8:58 PM. Will get Updated in every 30 minutes

QIB 4.11x

Qualified Institutional Buyers

NII 10.12x

Non-Institutional Investors

Retail 18.68x

Retail Individual Investors

Total 12.51x

Across all investor categories

Key dates

IPO schedule for Qualiance International Ltd

From the day bidding opens to listing — every milestone you need to track.

IPO Open 04 Sep 2026
IPO Close 08 Sep 2026
Allotment 09 Sep 2026
Refund / Unblock 10 Sep 2026
Listing 11 Sep 2026
About the company

Who is Qualiance International Ltd ?

Qualiance International Limited began operations as a Partnership firm in 1994 and was incorporated as 'Qualiance International Private Limited' on August 24, 2006, under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai. Subsequently, the Company was converted into a Public Limited Company and the name was changed to 'Qualiance International Limited' vide a fresh certificate of incorporation dated 09th December 2025 issued by the Registrar of Companies, CPC.

The Company started the factory in Tiruppur, Tamil Nadu in 2017, which operate an installed capacity of 450,000 garment pieces per annum. It engages in the manufacturing of garments and apparels. The 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 facility supports garment manufacturing activities from raw material sourcing and fabric development through external suppliers to the production of finished garments.

Apart from the regular cut and sew operations in the manufacturing cycle, it carry out specialized processes including seam sealing, bonded construction, ultrasonic welding, laser cutting and lamination. Over the past two decades, the Company has manufactured garments based on product specifications and compliance requirements of European military, government and institutional buyers. It supply garments to the various department of Government of Switzerland and European brands.

Company has filed a Draft Prospectus with SEBI for the IPO, consisting a fresh issue of 35,52,000 Equity shares of Rs 10.

Financial track record

Financials at a glance

Three-year trajectory of revenue, profit and assets — restated as per the RHP.

Revenue PAT Total Assets
FY 2026
FY 2025
FY 2024
Metric (₹ Cr)FY 2026FY 2025FY 2024
Total Income80.9555.0638.14
EBITDA20.9310.135.83
PAT11.874.902.84
AUM68.9957.5343.14

Strengths & Risks

A balanced look at what works in the company's favour and what investors should watch.

Strengths

  • In-house manufacturing facility with quality control mechanism.
  • Widespread reach in international markets.
  • Integrated expertise in high performance technical garments.
  • Qualified and Experienced Management Team.

Risks

  • The company derives a significant portion of its revenue from the sale of woven garments. Any decline in the sales of the company's key product could have an adverse effect on its business, results of operations and financial condition.
  • The company depends on a limited number of customers for its revenue from operations. Any failures to maintain relationships with such customers could adversely affect the company's revenue and financial condition.
  • The company derives a majority portion of its revenues from exports and is subject to risk of international trade.
  • The company's proposed expansion plans w.r.t. its new manufacturing facility being set up is subject to the risk of unanticipated delays in implementation and cost overruns.
  • The company is subject to risks resulting from foreign exchange rate fluctuations, which could adversely affect its results of operations.
  • There are outstanding legal proceedings involving the Company, its Directors and the company's Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.
  • The company depends on a limited number of suppliers for raw materials. Any interruption in the availability of raw materials could adversely impact its operations. Further, any failures by the company's suppliers to provide raw materials to it on time or at all, or as per its specifications and quality standards could have an adverse impact on the company's ability to meet its manufacturing and delivery schedules.
  • The company has had negative cash flows from operating, investing and financing activities in the past. Any negative cash flow in the future may affect its liquidity and financial condition.
  • There are certain discrepancies/errors noticed in some of the company's corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 1956/ 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
  • The company is subject to competition from both organized and unorganized players in the market, which may significantly affect the fixation and realization of the price for its product, which may adversely affect the company's business operation and financial condition.

Qualiance International Ltd IPO — frequently asked questions

The Qualiance International Ltd IPO opens on 04 September 2026 and closes on 08 September 2026. Bidding is accepted from 10:00 AM on the open date until 5:00 PM on the close date. The IPO is available to all eligible investors including retail individual investors, non-institutional investors, and qualified institutional buyers.
The price band for Qualiance International Ltd IPO is Rs 120 to Rs 127 per share. The lot size is 2000 shares per lot, requiring a minimum investment of Rs 254000 at the upper price band. Investors must apply for a minimum of one lot and can apply for up to 2000 lots as per SEBI guidelines.
You can apply for the Qualiance International Ltd IPO through the Chola Securities app or web platform using UPI or ASBA. Log in to your account, navigate to the IPO section, select Qualiance International Ltd from the open IPOs list, enter your bid quantity and price within the price band, and submit your application. You need an active demat account, a linked bank account, and a valid PAN to apply. Bidding closes on 08 September 2026 at 5:00 PM.
Allotment for Qualiance International Ltd IPO is scheduled on 09 Sep 2026. Refunds or unblocking of funds for unsuccessful applicants will be processed on 10 Sep 2026. The shares are expected to list on 11 Sep 2026. You can check your allotment status on the Chola Securities IPO page or through the registrar's website using your PAN.
Chola Securities' research team has reviewed the Qualiance International Ltd IPO based on the company's financials, business model, valuation, and sector outlook. The recommendation is available on this page. Investors are advised to read the full IPO note along with the company's Red Herring Prospectus before making an investment decision.
Yes, you can revise or withdraw your Qualiance International Ltd IPO bid before the subscription window closes on 08 September 2026 at 5:00 PM. Revisions can include changing the quantity or price within the allowed price band. To withdraw, cancel your application through the platform before the closing time. Once the subscription period ends, no further changes are permitted.
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