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₹127 - 127 Amounts at the upper price band.
Qualiance International Ltd
TextilesIPOSME
₹127 - 127
We are engaged in the design, engineering, manufacture and export of performance garments for institutional, government and brand clients in international markets. We began operations as a partnership firm in 1994 and was incorporated as a company in 2006. Our product portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and allweather outerwear, police and border patrol uniforms, protective workwear and performance activewear.
Lot1,000Min Invest₹2,54,000Face Value₹10Issue Size₹45 CrFresh Issue₹45 CrListing Price₹225CMP₹172
Timeline
4 Sept
Bidding opens
8 Sept
Bidding closes
9 Sept
Allotment
10 Sept
Refund & demat credit
11 Sept
Listing
Subscription · As of 5:00 PM, 8 Sept
Shares & amount
CategorySubscriptionShares OfferedShares BidAmt ₹ CrQIB5.76x15.90 L91.56 L116.28NII100.2x4.79 L4.80 Cr609.46Retail118.5x11.17 L13.24 Cr1,681.10Total83.7x35.52 L29.72 Cr3,566.27
Reports
Offer Details
Terms
Issue Size₹45 Cr0.36 Cr shares
Fresh Issue₹45 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 49.91% · NII 15.04% · RETAIL 35.05%
Application Sizes
Retail₹2,54,0001-1 lots
sNII₹2,54,000from 2 lots
bNII₹10,16,000from 8 lots
Managers & Registrar
Lead ManagerHem Securities Limited
RegistrarMUFG Intime India Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group86.5%63.65%Public13.5%36.35%
Objects of the Issue
- Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility
- General Corporate Purposes
Anchor Book
Bid Date03-Sep-2026Shares10,09,000Amount₹13 Cr30-day lock-in08-Oct-202690-day lock-in07-Dec-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 35 | 37 | 53 | 77 |
| Operating ProfitCr | 3 | 5 | 8 | 17 |
| OPM% | 8.5 | 13.2 | 15.3 | 21.9 |
| PBTCr | 1 | 3 | 6 | 16 |
| PATCr | 2 | 3 | 5 | 12 |
| EPS | 11 | 11 | 5 | 12 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 2 | 10 | 10 | 10 |
| ReservesCr | 3 | 10 | 15 | 25 |
| BorrowingsCr | 28 | 19 | 30 | 29 |
| Total AssetsCr | 37 | 43 | 58 | 69 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 1 | 3 | -4 | 8 |
| Investing Cash FlowCr | 0 | 0 | -4 | -3 |
| Financing Cash FlowCr | 0 | -2 | 8 | -5 |
| Net Cash FlowCr | 1 | 1 | -1 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- In-house manufacturing facility with quality control mechanism.
- Widespread reach in international markets.
- Integrated expertise in high performance technical garments.
- Qualified and Experienced Management Team.
Strategies · as stated in the DRHP
- Continue to invest in our technological capabilities.
- Focus on premium international brands.
- Focus on consistently meeting quality standards.
- Maintaining cordial relationships with our suppliers, customers and employees.
- Continue to strive for cost efficiency.
Risks · as stated in the DRHP
- The company derives a significant portion of its revenue from the sale of woven garments. Any decline in the sales of the company's key product could have an adverse effect on its business, results of operations and financial condition.
- The company depends on a limited number of customers for its revenue from operations. Any failures to maintain relationships with such customers could adversely affect the company's revenue and financial condition.
- The company derives a majority portion of its revenues from exports and is subject to risk of international trade.
- The company's proposed expansion plans w.r.t. its new manufacturing facility being set up is subject to the risk of unanticipated delays in implementation and cost overruns.
- The company is subject to risks resulting from foreign exchange rate fluctuations, which could adversely affect its results of operations.
- There are outstanding legal proceedings involving the Company, its Directors and the company's Promoters. Any adverse decisions could impact its cash flows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on the company's business, prospects, results of operations and financial condition.