Qualiance International IPO Day 1: Subscription Opens Today, 4 September 2026

Qualiance International Limited, an integrated apparel manufacturer specialising in technical outerwear, performance garments, tactical clothing and protective workwear for military, government, institutional and branded customers, has opened its IPO for subscription today, 4 September 2026. The Qualiance International IPO is a book built, fresh issue offering worth Rs 45.11 crore and will remain open for bidding until 8 September 2026, a slightly longer than usual five day window that spans the coming weekend. The equity shares are proposed to be listed on the NSE SME platform.

The company operates a manufacturing facility in Tiruppur, Tamil Nadu, spread across more than 45,000 square feet, with an installed production capacity of 4,50,000 garment pieces annually. Qualiance International supplies specialised military and police uniforms, tactical outerwear, border patrol clothing, high visibility workwear and all weather performance garments to European military, government and institutional customers, and the proceeds of the Qualiance International IPO are earmarked in part for a new manufacturing facility in Tiruppur.

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Qualiance International IPO Details

The table below sets out the key parameters of the issue, including the price band, lot size and important dates.

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 Share Reservation

Out of the net offer of 33,72,000 shares in the issue, qualified institutional buyers are allocated 16,83,000 shares, roughly 50 percent of the net offer, non-institutional investors are allocated 5,07,000 shares, about 15 percent, and retail individual investors are allocated 11,82,000 shares, around 35 percent. A further 1,80,000 shares are reserved for the market maker on a firm basis.

Qualiance International IPO Subscription Status Day 1

Bidding for the issue has opened today, 4 September 2026, so the category wise numbers below will fill in as the session progresses. Historically, retail demand tends to build through the morning while QIB and larger NII bids arrive closer to the final day of a five day window like this one.

Investor Category	Subscription Status, Day 1 (4 Sep)
Qualified Institutional Buyers (QIB)	Bidding just opened, updating through the session
Non-Institutional Investors (NII)	Bidding just opened, updating through the session
Retail Individual Investors	Bidding just opened, updating through the session
Overall	Bidding just opened, updating through the session

Track Subscription Status for the issue on the Univest Screener

How to Apply for the Qualiance International IPO

1. Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
2. 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.
3. Submit the application through the UPI-based ASBA method, which blocks the bid amount in your bank account rather than debiting it immediately.
4. Approve the UPI mandate on your phone before the daily cut off time, and remember the issue stays open across the coming weekend until 8 September.

Download the Univest iOS App or Univest Android App to apply for the issue on its opening day.

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.

About Qualiance International Limited

Qualiance International Limited designs, engineers, manufactures and exports technical and performance garments for institutional, government, military and branded customers. Its product range spans military and police uniforms, tactical outerwear, border patrol clothing, high visibility workwear, protective garments and all weather performance apparel, manufactured at its Tiruppur, Tamil Nadu facility. The company is promoted by Vipul Badani, Bhoomin R Badani and Krupa Rajesh Badani, and its revenue and profit have both grown over the last two fiscal years as it has scaled up institutional and export orders ahead of the issue.

Conclusion

The issue has opened for bidding today, 4 September 2026, with a five day subscription window that gives investors extra time to review the offer before it closes on 8 September. Investors considering the issue should study the company financials, order book and risk factors in the RHP on nseindia.com, and apply only after independent due diligence.

FAQs

What is the Qualiance International IPO subscription status on Day 1?

Ans. The issue opened for bidding today, 4 September 2026, so Day 1 category wise figures are still filling in through the trading session. Investors can track the live QIB, NII and retail numbers on the NSE website as the day progresses, and it is common for retail demand to build first while institutional bids arrive closer to the close.

When does the Qualiance International IPO open and close?

Ans. The issue opened for subscription today, 4 September 2026, and will close on 8 September 2026. This is a five day bidding window rather than the usual three days, since it spans the weekend of 5 and 6 September, when the exchanges remain open for IPO bidding even though normal trading is closed.

What is the Qualiance International IPO price band and lot size?

Ans. The issue price band is Rs 120 to Rs 127 per share. The lot size is 1,000 shares, and 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. HNI investors need a minimum of 3 lots, or 3,000 shares, amounting to about Rs 3,81,000.

What is the issue size and structure of the Qualiance International IPO?

Ans. The issue is entirely a fresh issue worth Rs 45.11 crore, comprising 35,52,000 equity shares of face value Rs 10 each. There is no offer for sale component, meaning all proceeds go to the company rather than existing shareholders. Of this, 1,80,000 shares are reserved for the market maker and the remaining 33,72,000 shares form the net offer to the public.

How are shares reserved across investor categories in the Qualiance International IPO?

Ans. Of the net offer in the issue, qualified institutional buyers are allocated around 50 percent, or 16,83,000 shares, non-institutional investors get about 15 percent, or 5,07,000 shares, and retail individual investors are allocated roughly 35 percent, or 11,82,000 shares, alongside a separate market maker reservation.

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, especially this early in the bidding window.

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. Select the IPO, enter your bid quantity in multiples of 1,000 shares and your price within the Rs 120 to Rs 127 band, then approve the UPI mandate request on your phone 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, refunds for unsuccessful applicants are expected to be initiated around 10 September 2026, and the shares are tentatively scheduled to list on the NSE SME platform on 11 September 2026.

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, which has an installed capacity of 4,50,000 garment pieces a year.

Who are the registrar and lead manager for the Qualiance International IPO?

Ans. MUFG Intime India Pvt Ltd is the registrar for the issue, Hem Securities Ltd is the book running lead manager, and Hem Finlease Pvt Ltd is the market maker for the issue.