Minimum Investment
About Company
Company Name: Qualiance International Limited
Industry / Sector: Textiles / Performance & Technical Garments
Founded Year: August 2006 (operations commenced in 1994 as a partnership firm)
Promoters: Vipul Badani, Bhoomin R Badani, Krupa Rajesh Badani
Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance and technical garments for institutional, government and brand clients in international markets. Its 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 operates a manufacturing facility in Tiruppur, Tamil Nadu, with an installed capacity of 450,000 garment pieces per annum. The facility supports specialized processes such as seam sealing, bonded construction, ultrasonic welding, laser cutting and lamination. The Company primarily serves customers across Europe and North America, with its export-focused business contributing 98.82% of revenue from operations in Fiscal 2026.
IPO Basic Details
| Company Name | Qualiance International Limited |
| IPO Type | SME IPO |
| Price Band | ₹120 – ₹127 |
| Lot Size | 1000 Shares |
| Total Issue Size | 35,52,000 Equity Shares (₹45.11 Cr) |
IPO Strengths & Risks
Strengths
- Strong export-focused business model
- Widespread reach across international markets
- Qualified and experienced Promoters and management team
- Integrated expertise in high-performance technical garments
- Specialized manufacturing capabilities for performance apparel
- Multiple international quality, safety and sustainability certifications (ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, ISO 14064-1:2018, SA 8000, GOTS, GRS, SEDEX SMETA)
- Skilled workforce supporting manufacturing and operational capabilities
- In-house manufacturing facility supported by a quality control mechanism
Risks
- High dependence on export markets (98.82% of revenue)
- Exposure to currency fluctuation risks
- Concentration in the performance and technical garments segment
- Dependence on a few key international clients
- Working capital intensive business model
- SME IPO with lower liquidity compared to mainboard listings
IPO Important Dates
| IPO Open Date | 04 Sep 2026 |
| IPO Close Date | 08 Sep 2026 |
| Basis of Allotment | 09 Sep 2026 |
| Refund Initiation | Not specified in the source |
| Demat Credit Date | 10 Sep 2026 |
| Listing Date | 11 Sep 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 16,83,000 shares (49.90% of Net Offer) |
| Retail Quota | 11,82,000 shares (35.05% of Net Offer) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 2000 | ₹2,54,000 |
| Retail Maximum | 2 Lots | 2000 | ₹2,54,000 |
| S-HNI Minimum | 3 Lots | 3000 | ₹3,81,000 |
| S-HNI Maximum | 7 Lots | 7000 | ₹8,89,000 |
| B-HNI Minimum | 8 Lots | 8000 | ₹10,16,000 |
Key Performance Indicators (KPI)
| ROE | 61.56% |
| ROCE | 37.33% |
| RoNW | - |
| PAT Margin | 15.44% |
| EBITDA Margin | 21.74% |
| EPS | ₹11.99 (Pre-IPO) |
| NAV per share | - |
| Debt to Equity | 1.15 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹68.99 Cr | ₹80.95 Cr | ₹11.87 Cr | ₹16.72 Cr | ₹24.74 Cr | ₹28.50 Cr |
| FY2025 | ₹57.53 Cr | ₹55.06 Cr | ₹4.90 Cr | ₹7.97 Cr | ₹13.82 Cr | ₹29.71 Cr |
| FY2024 | ₹43.14 Cr | ₹38.14 Cr | ₹2.84 Cr | ₹4.86 Cr | ₹8.92 Cr | ₹19.17 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: MUFG Intime India Pvt. Ltd.
Registrar Website: https://in.mpms.mufg.com/
IPO Lead Manager(s)
Company Information
Address: 406 - B Wing, Knox Plaza, Next to Tangent Showroom, Mindspace, Malad West, Mumbai, Maharashtra - 400064
Website: https://www.qualiance.com
Email: cs@qualiance.com
Phone: +91 22 42666003
IPO Documents
Frequently Asked Questions (FAQ)
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