Qualiance International IPO
Textiles • ₹45cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹120-127
Lot Size
1000 shares
Issue Size
₹45cr
Open
04 Sept 2026
Close
08 Sept 2026
Subscription
425×
GMP +₹80 → est. ₹207
IPO Schedule
| Issue Open Date | 04 Sept 2026 |
| Issue Close Date | 08 Sept 2026 |
| Allotment Date | 09 Sept 2026 |
| Listing Date | 11 Sept 2026 |
About Qualiance International
Qualiance International is an integrated apparel manufacturer specializing in technical outerwear, performance products, workwear, uniforms, and lifestyle garments across both woven and knit categories. The company operates from its manufacturing facility located in Tiruppur, Tamil Nadu, which has an installed base production capacity of 4,50,000 pieces per annum. Its manufacturing capabilities include seam sealing, bonded and sew-free construction, ultrasonic welding, laser cutting and perforation, reflective fusing, down filling, and quilting. The business generates revenue primarily through the sale of woven and knitted garments to institutional buyers, workwear companies, and lifestyle brands in international markets, with a significant focus on exports to countries such as Switzerland, the United Kingdom, and the United States. A substantial portion of its product sales is derived from woven garments, supported by certifications aligning with global sustainability requirements.
Company Details
Founders / Promoters
Mr Vipul Badani
Founded
1994
Registrar
LINK
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Qualiance International — IPOFins Verdict
QuantitativeDriven by QIB demand at 299.9x and moderate disclosed risk (6/10), Qualiance International listed at a premium of 77.1% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- In-house manufacturing facility with integrated quality control mechanisms.
- Widespread reach in key international markets, primarily Switzerland.
- Integrated expertise in manufacturing high-performance technical garments.
- Globally recognized quality, safety, and sustainability certifications.
- Qualified and experienced management team leading operations.
Score breakdown — what drove this verdict
Moderate risk from DRHP → score -0.4
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹127
Listing Price
₹224.9
Listing Gain/Loss
+77.09%
Listing Date
11 Sept 2026
Price Since Listing
Returns are measured against the ₹127 issue price.
Listing
₹224.9
+77.1%
Want to buy this stock?
Trade Qualiance International on the secondary market
FAQ
What is the price band of Qualiance International IPO?
The price band is ₹120-127 per share with a lot size of 1000 shares. Minimum investment: ₹1,27,000.
What does Qualiance International do?
Qualiance International is an integrated apparel manufacturer specializing in technical outerwear, performance products, workwear, uniforms, and lifestyle garments across both woven and knit categories. The company operates from its manufacturing facility located in Tiruppur, Tamil Nadu, which has an installed base production capacity of 4,50,000 pieces per annum. Its manufacturing capabilities include seam sealing, bonded and sew-free construction, ultrasonic welding, laser cutting and perforation, reflective fusing, down filling, and quilting. The business generates revenue primarily through the sale of woven and knitted garments to institutional buyers, workwear companies, and lifestyle brands in international markets, with a significant focus on exports to countries such as Switzerland, the United Kingdom, and the United States. A substantial portion of its product sales is derived from woven garments, supported by certifications aligning with global sustainability requirements.
Should I apply for Qualiance International IPO?
Qualiance International listed at ₹224.9 (+77.1% premium to the ₹127 issue price) after 425.1x subscription. IPOFins Score 8/10: Driven by QIB demand at 299.9x and moderate disclosed risk (6/10), Qualiance International listed at a premium of 77.1% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Qualiance International?
Qualiance International was founded by Mr Vipul Badani in 1994.