Qualiance International shares made a strong market debut on Friday, listing at ₹224.90 per share on the NSE Emerge platform, representing a 77.09% premium over the IPO price band of ₹120-127 per share. The company's market capitalisation post listing stood at ₹317.60 crore, significantly outperforming grey market expectations which had anticipated a listing of up to 65%. The stock traded at ₹236.10 during intraday trading, hitting a high of ₹236.10 and low of ₹214.05, with about 19.77 lakh shares changing hands at the counter. The stock is currently frozen at its upper limit of 5% over its listing price.
The IPO, which opened for subscription on September 4, 2026, and closed on September 8, 2026, had received an overwhelming response with total subscription of 426.78 times. The retail portion was subscribed 447.13 times, while the QIB and NII portions were subscribed 299.60 times and 699.59 times respectively. As reported by Business Standard, the IPO comprised entirely of a fresh issue of 25.43 lakh equity shares, aggregating to ₹45.11 crore, with no offer-for-sale component. The company had fixed the IPO price band at ₹120–₹127 per share with a lot size of 1,000 shares.
According to Business Standard, the company recorded revenue from operations of ₹76.89 crore and net profit of ₹11.86 crore for the financial year ended March 31, 2026. The company's profit after tax (PAT) jumped 142% to ₹11.87 crore in FY26, from ₹4.90 crore a year earlier, reflecting substantial improvement in profitability. The bottom line recorded even stronger growth, demonstrating the company's enhanced operational efficiency and financial performance.
As reported by Business Standard, Qualiance International operates a manufacturing facility in Tiruppur, Tamil Nadu, with an installed capacity of 450,000 garment pieces per annum. The company primarily serves customers across Europe and North America, including government, institutional and brand clients, with export-focused business contributing 98.82% of revenue from operations in Fiscal 2026. The company holds quality certifications including ISO 9001:2015, ISO 14001:2015, and maintains the status of a Two Star Export House issued by the Government of India. Incorporated in August 2006, Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance and technical garments for institutional, government and brand clients in international markets. The company had 255 payroll employees as of June 30, 2026.
According to Business Standard, the company plans to utilise the net proceeds from the IPO primarily to fund capital expenditure for setting up a new manufacturing facility in Tiruppur, Tamil Nadu. The company has earmarked approximately ₹38 crore for the proposed facility. Ahead of the IPO, Qualiance International on September 4, 2026, raised ₹12.81 crore from anchor investors, with the board allotting 10.09 lakh shares at ₹127 each to 6 anchor investors. Any balance remaining from the net proceeds will be deployed towards general corporate purposes, in accordance with applicable laws and regulations.
