Qualiance International 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 brandcustomers. The Company traces its origins to 1994, when it commenced operations as a partnership firm under the name M/s. Qualiance Exports.
IPO GMP
+₹76
+60% expected gain
Price Band
₹127
Lot Size
—
Min Investment
—
Listing Date
—
About Qualiance International
Company overview, business, and key facts.
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 brandcustomers. 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.
Founded
2006
Headquarters
Mumbai, Maharashtra
Promoters
Vipul Badani, Bhoomin R Badani, Krupa Rajesh Badani
Website
https://www.qualiance.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Qualiance International IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹170.8 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
14.4x
Peer median 42x (discount of 65.7%)
Price to sales
2.11x
Revenue growth, 2026
+47%
45.7% a year over the period
Profit growth, 2026
+142.2%
104.4% a year over the period
Profit margin (PAT)
14.7%
EBITDA margin 21.74%
ROE / ROCE
61.56% / 37.33%
As published in the offer document
Debt to equity
1.15
Promoter holding
86.49% → 63.66%
Before → after the IPO
What stands out
- Profit grew 142.2% in 2026.
- Priced at a 65.7% discount to the peer median P/E of 42.
- GMP has been rising over the last three readings.
Watch-outs
- Leverage: debt to equity is 1.15.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: issue size, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Qualiance International's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Qualiance International IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Qualiance International IPO is trading at a grey market premium (GMP) of +₹76 (+60% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 425.07x overall — QIB: 299.95x, NII: 516.17x, Retail: 443.67x.
Qualiance International IPO subscription has closed. The shares are expected to list on September 11, 2026.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Qualiance International IPO — Frequently Asked Questions
What is Qualiance International IPO GMP today?
Qualiance International IPO GMP (grey market premium) today is +₹76, suggesting an estimated listing gain of +60%. GMP is indicative and subject to change.
What is the price band of Qualiance International IPO?
The price band for Qualiance International IPO is ₹127.
When is Qualiance International IPO allotment date?
Qualiance International IPO allotment is expected to be finalised on September 9, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN number.
When will Qualiance International IPO list on NSE/BSE?
The listing date for Qualiance International IPO has not been announced yet. IPOs typically list 6 days after subscription closes.
How to check Qualiance International IPO allotment status?
To check Qualiance International IPO allotment status, visit the registrar's website (MUFG Intime India Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Qualiance International IPO?
Qualiance International IPO is showing a strong GMP of +₹76 (+60%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Qualiance International IPO?
The lot size for Qualiance International IPO has not been announced yet. Please check back closer to the IPO open date on ipolyst.com.