Qualiance International Limited
SMEQUALIANCE • BSE, NSE
Issue details
Price band
₹120 - ₹127
Lot size
1,000 shares
Issue size
₹32.3 Cr
Min. investment
₹1,27,000
Registrar
MUFG Intime India
Subscription
426.78x · 3,21,003 applications
Grey market premium
Est. gain+₹80 · 63%
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IPO Timeline
Open
4 Sep
Close
8 Sep
Allotment
9 Sep
Listing
11 Sep
- Refunds & demat credit
- 10 Sep 2026
- Mandate end
- 23 Sep 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| Retail | 1,000shares 1 lot · ₹1,27,000 | 1,000shares 1 lot · ₹1,27,000 |
| HNI | 2,000shares 2 lots · ₹2,54,000 | No limit funds permitting |
Based on the upper price band of ₹127 and a lot of 1,000 shares.
Subscription
| Quota | Shares offered | Shares bid | Applications | Subscribed |
|---|---|---|---|---|
| Total | 25,43,000 | 1,08,53,11,000 | 3,21,003 | 426.78x |
Last updated 1 day ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital only
Fresh issue
₹43 Cr
33,72,000 shares
Shares pre-issue
99,00,000
Shares post-issue
1,34,52,000
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 11.99 | 8.82 |
| P/E | 10.59 | 14.4 |
| Market cap | ₹126Cr. | ₹170.84 Cr |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 61.56% | 43.07% |
| ROCE | 37.33% | 21.16% |
| Debt/Equity | 1.15 | 2.15 |
| RoNW | 47.98% | 35.44% |
| PAT Margin | 15.44% | 9.23% |
| EBITDA Margin | 21.74% | 15.02% |
| NAV | 24.99 | 13.96 |
| Price to Book Value | 5.08 | 9.10 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 80.95 | 55.06 | 38.14 |
| Profit after tax | 11.87 | 4.9 | 2.84 |
| EBITDA | 16.72 | 7.97 | 4.86 |
| Net worth | 24.74 | 13.82 | 8.92 |
| Assets | 68.99 | 57.53 | 43.14 |
| Reserves & surplus | 24.75 | 14.54 | 10.41 |
| Total borrowing | 28.5 | 29.71 | 19.17 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu₹38 Cr
- 2.General Corporate Purpose—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Madhur Knit Crafts Ltd.SME | ₹100 | 12.15 | ₹95.00 | -5.00% |
| Fascinate Textiles Ltd.SME | ₹151 | 10.33 | ₹114.80 | -23.97% |
| Shreedhar Spinners Ltd.SME | ₹53 | 13.44 | ₹57.10 | +7.74% |
| Harikanta Overseas Ltd.SME | ₹91 | 14.66 | ₹75.77 | -16.74% |
| Yajur Fibres Ltd.SME | ₹174 | 23.49 | ₹132.25 | -23.99% |
| K K Silk Mills Ltd.SME | ₹38 | 12.12 | ₹30.40 | -20.00% |
| Game Changers Texfab Ltd.SME | ₹102 | 10.58 | ₹109.35 | +7.21% |
| Sihora Industries Ltd.SME | ₹66 | 13.14 | ₹66.50 | +0.76% |
| Siddhi Cotspin Ltd.SME | ₹108 | 16.06 | ₹82.10 | -23.98% |
| Alpine Texworld Ltd.Mainboard | ₹105 | 12.68 | ₹99.75 | -5.00% |
| Kusumgar Ltd.Mainboard | ₹419 | 44.8 | ₹602.80 | +43.87% |
| Aastha Spintex Ltd.Mainboard | ₹136 | 18.78 | ₹136.49 | +0.36% |
| Shree Ram Twistex Ltd.Mainboard | ₹104 | 38.21 | ₹71.40 | -31.35% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 2 Sep 2026. Always verify against the RHP before applying.