Qualiance International IPO 2026: Price Band, Dates & Financials

Qualiance International IPO: Overview

Qualiance International Limited, a Mumbai-headquartered manufacturer and exporter of performance garments, opened its ₹45.11 crore SME IPO on September 4, 2026. The issue closes on September 8, 2026, with listing on the NSE SME platform expected on September 11, 2026.

The issue is structured as a fresh issue of ~₹45.11 crores; the offer document does not specify a distinct share count for an offer-for-sale component alongside it.

Qualiance International IPO: Key Dates

Qualiance International IPO: Issue Details

Reservation is split 35% for retail, 50% for QIB, and 15% for NII/HNI.

Qualiance International IPO: Lot Size

As with most SME IPOs, retail investors face both a minimum and maximum cap of 2 lots, resulting in a fixed application amount of ₹2,54,000 for every retail applicant — a notably higher entry ticket than most SME issues in recent weeks.

About Qualiance International

Qualiance International designs, engineers, manufactures, and exports performance garments for institutional, government, and brand clients internationally. Its product portfolio spans military uniforms, tactical outerwear, high-visibility workwear, weather-resistant outerwear, police and border patrol uniforms, protective workwear, and performance activewear.

The company operates a manufacturing facility in Tiruppur, Tamil Nadu, spanning over 45,000 square feet, with an installed capacity of 4,50,000 garment pieces per annum. Beyond standard cut-and-sew operations, the facility carries out specialised processes including seam sealing, bonded construction, ultrasonic welding, laser cutting, and lamination. Over two decades, the company has built relationships with European military, government, and institutional buyers, including Swiss government departments, with exports accounting for 98.82% of revenue in FY26 (up from 87.77% in FY24) — an increasingly export-concentrated business, with clients spread across Europe (including Switzerland) and North America.

Objects of the Issue

Financial Performance

The growth trajectory here is sharp — revenue has more than doubled and PAT has grown roughly 4.2x from FY24 to FY26, aligned with the company's rapidly rising export share over the same period.

Key Valuation Metrics (FY2026)

The ROE and RoNW figures here are notably high, though the debt-to-equity ratio of 1.15 is worth keeping in view, particularly since the fresh issue proceeds are earmarked for new capacity rather than debt reduction.

Peer Comparison

Qualiance International's own P/E isn't disclosed as "N/A" in the offer document, but its RoNW of 47.98% is dramatically higher than both listed peers shown — though these peers operate at a far larger revenue scale and serve broader apparel export markets, making a direct comparison imperfect given Qualiance's smaller, more specialised performance-garment niche.

How To Apply for the IPO ?

• Login or Open demat account with JM Financial Services / JM PRO app: Open the JM PRO app or JM Financial Services website and log in with your credentials. 
• Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
• Select IPO: Find and select the IPO from the list of open IPOs. 
• Enter the Lot Size: Specify the number of lots you want to bid for. 
• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

How To Check the Allotment Status of the IPO?

Steps to check IPO allotment status on JM Pro app: 

• Log in to the JM Pro app. 
• Go to the IPO Section and then to IPO Orders. 
• Select the individual IPO that you had applied for and check the allotment status. 

JM Financial Services will notify you of your IPO allotment status via push notification and email

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. SME IPOs carry distinct risk characteristics, including lower trading liquidity, compared to mainboard IPOs. IPO details are based on publicly available offer documents and may be subject to change. Please read the offer documents carefully and consult a SEBI-registered financial advisor before making any investment decisions.