Qualiance International IPO Day 2: Subscription Status on 7 September 2026
- September 7, 2026
- Posted by: Lakshit Sharma
- Category: Market
Qualiance International IPO Day 2, 7 Sep 2026. Subscribed 12.51x at Day 1 close: QIB 4.1x, NII 10.12x, Retail 18.68x. Price band Rs 120-127. Closes 8 Sep.
Quick Answer
The Qualiance International IPO is on Day 2 of bidding on 7 September 2026, resuming after the weekend during which the issue remained open across 5 and 6 September. The Qualiance International IPO closed Day 1 on 4 September fully subscribed at 12.51 times overall, led by retail investors at 18.68 times, non-institutional investors at 10.12 times, and qualified institutional buyers at 4.1 times, an unusually strong opening day for an SME issue. Bidding for the Qualiance International IPO remains open until 8 September 2026, and investors should track the live category wise numbers on NSE through the day.
The issue has entered Day 2 of its five day bidding window, which opened on 4 September and closes on 8 September 2026, spanning the intervening weekend. Qualiance International Limited, a Tiruppur based manufacturer of technical outerwear, tactical and protective garments for military, government and institutional buyers, is raising about Rs 45.11 crore entirely through a fresh issue, and the shares are proposed to list on the NSE SME platform.
Day 1 bidding for the issue closed on 4 September with the issue subscribed a strong 12.51 times overall, a rare instance of an SME issue crossing 10 times on its opening day alone. With the exchanges closed for regular bidding over the weekend, today’s session and the closing day on 8 September will determine how much further the book can run.
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Qualiance International IPO Details
The table below sets out the key parameters of the issue.
| Open Date | 4 September 2026 |
| Close Date | 8 September 2026 |
| Face Value | Rs 10 per share |
| Price Band | Rs 120 to Rs 127 per share |
| Lot Size | 1,000 shares |
| Issue Size | Rs 45.11 crore (entirely fresh issue) |
| Issue Type | Book Built Issue, SME |
| Listing At | NSE SME |
| Allotment Date | 9 September 2026 |
| Listing Date | 11 September 2026 |
Qualiance International IPO Quick Facts
| Particulars | Snapshot |
|---|---|
| Minimum retail investment | Rs 2,54,000 (2 lots, 2,000 shares) |
| Minimum HNI investment | Rs 3,81,000 (3 lots, 3,000 shares) |
| Registrar | MUFG Intime India Pvt Ltd |
| Lead Manager | Hem Securities Ltd |
| Market Maker | Hem Finlease Pvt Ltd |
This snapshot is meant as a quick reference alongside the fuller details table above, so investors scanning the issue on mobile can find the essentials without scrolling through the whole page.
Qualiance International IPO Subscription Status Day 2
Category wise bidding for the issue is updated through the trading session on NSE. The table below shows the position at the close of Day 1 along with the figure so far on Day 2.
| Investor Category | Subscription at Day 1 Close (4 Sep, 5 PM) | Overall Subscription So Far (Day 2, 7 Sep) |
|---|---|---|
| Qualified Institutional Buyers (QIB) | 4.10 times | Updating |
| Non-Institutional Investors (NII) | 10.12 times | Updating |
| Retail Individual Investors | 18.68 times | Updating |
| Overall | 12.51 times | Updating through the session |
Retail investors drove the bulk of Day 1 demand for the issue, but the QIB and NII books also cleared full subscription on the opening day itself, a sign of broad based interest rather than a single category carrying the issue. Investors should treat the Day 2 figures as provisional since bidding remains open until the 8 September close.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Qualiance International IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking portal and enter your bid quantity and price within the Rs 120 to Rs 127 band, in multiples of 1,000 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 8 September.
Download the Univest iOS App or Univest Android App to apply for the issue before the 8 September close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue has opened strongly, closing Day 1 subscribed 12.51 times with demand spread across QIB, NII and retail categories, and one more full session remains before the 8 September close. Investors considering the issue should review the company financials and risk factors in the RHP on nseindia.com, and apply only after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Qualiance International IPO subscription status on Day 2?
Ans. The issue closed Day 1 on 4 September subscribed 12.51 times overall, with retail investors at 18.68 times, NII at 10.12 times, and QIB at 4.1 times. Day 2 figures for 7 September are updating through today’s session on NSE, after the exchanges were closed for regular bidding over the weekend.
Why did the Qualiance International IPO not have bidding over the weekend?
Ans. The issue opened on Friday, 4 September 2026, and its five day window runs through 8 September to accommodate the intervening weekend of 5 and 6 September, when the exchanges are closed for regular subscription activity. Bidding resumed today, 7 September, which is effectively Day 2 of active trading days.
When does the Qualiance International IPO close?
Ans. The issue closes for subscription on 8 September 2026, having opened on 4 September 2026.
What is the Qualiance International IPO price band and lot size?
Ans. The issue price band is Rs 120 to Rs 127 per share, with a lot size of 1,000 shares. Retail investors must apply for a minimum of 2 lots, or 2,000 shares, taking the minimum investment to about Rs 2,54,000 at the upper price band.
Which category led the Qualiance International IPO on Day 1?
Ans. Retail individual investors led the issue on Day 1, subscribing their reserved portion 18.68 times, followed by non-institutional investors at 10.12 times and qualified institutional buyers at 4.1 times, an unusually broad based response for an SME issue.
What is the Qualiance International IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Qualiance International IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, entering your bid in multiples of 1,000 shares within the Rs 120 to Rs 127 band and approving the UPI mandate before the daily cut off.
When will the Qualiance International IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 9 September 2026, with listing on the NSE SME platform tentatively scheduled for 11 September 2026.
Is the Qualiance International IPO likely to close oversubscribed?
Ans. The issue was already subscribed more than 12 times by the end of Day 1, so barring a sharp slowdown, the issue is well placed to close comfortably oversubscribed by 8 September, though investors should confirm the final numbers on NSE rather than assume the trend continues unchanged.
What does Qualiance International Limited do?
Ans. Qualiance International Limited manufactures technical outerwear and performance garments, including military and police uniforms, tactical outerwear, high visibility workwear and protective clothing, for institutional, government and branded customers from its Tiruppur, Tamil Nadu facility.