open · IPO · NSE SME · closes tomorrow
Qualiance International Limited
Raising ₹32.30 Cr at ₹120 – ₹127 per share.
Subscription window 75%
83.68×
total subscription so far
Price band
₹120 – ₹127
Shares per lot
1,000
Retail minimum
₹1,27,000
Issue size
₹32.30 Cr
Face value
₹10
Company research
Tijori FinanceQualiance International Ltd. designs, manufactures and exports technical performance garments, including military uniforms, tactical wear, protective workwear and activewear, serving government, institutional and international brand clients.
Financials — ₹ crore
| Period | Revenue | PAT | Debt |
|---|---|---|---|
| Mar 2024 | 37.23 Cr | 2.84 Cr | 19.17 Cr |
| Mar 2025 | 53.07 Cr | 4.9 Cr | 29.71 Cr |
| Mar 2026 | 76.89 Cr | 11.87 Cr | 28.5 Cr |
Revenue mix
Woven
71%
Knitted
28%
Others
0.8%
Peer comparison
Company Mkt cap Revenue P/E P/B
QUALIANCE 171 76.89 Cr 14.41 4.93
GOKEX 5,623 3,864 Cr 54.61 2.6
SPAL 2,671 1,395 Cr 25.35 2.82
Subscription by investor category
as of As on 04-Sep-2026 17:00:02 IST 1
0× QIB — Qualified Institutional Buyers
38,76,000 shares bid · 0 offered · 7 applications
2
1,03,000 QIB · FII / FPI
· 1 applications
5
37,73,000 QIB · Others
· 6 applications
6
0× NII — Non-Institutional Investors
6,88,20,000 shares bid · 0 offered · 11,274 applications
7
0× NII · Big (> ₹10 lakh)
5,33,54,000 shares bid · 0 offered · 6,419 applications
8
1,53,11,000 Retail Individual Investors
· 70,046 applications
9
0× NII · Small (≤ ₹10 lakh)
1,54,66,000 shares bid · 0 offered · 4,855 applications
Bid book by price
cumulative NSE demand ₹127 3,16,65,000
₹126 3,16,73,000
₹125 3,16,87,000
₹124 3,16,91,000
₹123 3,16,97,000
₹122 3,17,05,000
₹121 3,17,16,000
₹120 3,18,01,000
Updated 04-Sep-2026 17:00:02. Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.
Parties to the issue
Book-running lead manager
Hem Securities Limited
Registrar
Mufg Intime India Private Limited
Sponsor bank
Kotak Mahindra Bank Limited
Exchange filings
Fields captured from NSE and BSEIssue information
- Exchange note
- *As per SEBI circular no SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated 28 June 2019 all are requested to comply with the provisions of the aforementioned circular which states as below: Intermediaries shall retain physical application forms submitted by retail individual investors with UPI as a payment mechanism, for a period of six months and thereafter forward the same to the issuer/ Registrar to Issue. However in case of Electronic forms printouts of such applications need not be retained or sent to the issuer. Intermediaries shall, at all times, maintain the electronic records relating to such forms for a minimum period of three years.
- Symbol
- QUALIANCE
- Issue Period
- 04-Sep-2026 to 08-Sep-2026
- Cut-off time for UPI Mandate Confirmation
- 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 participate in IPOs by successfully accepting the mandate.
- 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)
- Issue Type
- Book Building
- Price Range
- Rs.120 to Rs.127 per equity share
- Lot Size
- 1000 Equity Shares
- Face Value
- Rs.10
- Tick Size
- Re.1
- IPO Market Timings
- 10.00 a.m. to 5.00 p.m. (Bidding Timings on Issue Closure upto 4:00 P.M.)
- Maximum Bid Quantity for QIB Investors
- 23,63,000 Equity shares (Calculated at Higher Price band)
- Maximum Bid Quantity for NIB Investors
- 16,89,000 Equity shares (Calculated at Higher Price band)
- Book Running Lead Managers
- Hem Securities Limited
- Sponsor Bank
- Kotak Mahindra Bank Limited
- Categories
- FI, IC, MF, FII, OTH, CO, IND and NOH
- Sub-Categories applicable for UPI
- IND (upto 5 Lakhs)
- Name of the Registrar
- MUFG Intime India Private Limited
- Address of the Registrar
- C 101, Embassy 247, L B S Marg, Vikhroli West, Mumbai 400083, India
- Contact person name number and Email id
- Shanti Gopalkrishnan, +91 810 811 4949, qualiance.smeipo@in.mpms.mufg.com
- e-form link
- https://bidcollection.nseindia.com/asba
- Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form
- Branches of Self Certified Syndicate Banks (SCSBs) where syndicate / sub syndicate member to submit ASBA form
- Red Herring Prospectus
- https://nsearchives.nseindia.com/content/ipo/RHP_QUALIANCE.zip
- Ratios / Basis of Issue Price
- https://nsearchives.nseindia.com/content/ipo/RATIOS_QUALIANCE.zip
- Sample Application Forms
- https://nsearchives.nseindia.com/content/ipo/FORMS_QUALIANCE.zip
- Security Parameters
- https://nsearchives.nseindia.com/content/ipo/PREANCHOR_PARAMETERS_QUALIANCE.zip
- Security Parameters (Post Anchor)
- https://nsearchives.nseindia.com/content/ipo/POSTANCHOR_PARAMETERS_QUALIANCE.zip
- Anchor Allocation Report
- https://nsearchives.nseindia.com/content/ipo/ANCHOR_QUALIANCE.zip
- Processing of ASBA Applications
- Processing of ASBA Applications
- List of mobile applications accepting UPI as Payment Option
- List of mobile applications accepting UPI as Payment Option
- Video link for UPI based ASBA process
- Video link for UPI based ASBA process
- Video link for BHIM UPI Registration
- Video link for BHIM UPI Registration
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