NSE List Price : ₹224.90

subscription

Category	Times
QIBs	299.6x
HNIs	699.95x
Retail	447.13x
Total : 459.29x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	2,000	₹254,000
Retail Maximum	2	2,000	₹254,000
S-HNI Minimum	3	3,000	₹381,000
S-HNI Maximum	7	7,000	₹889,000
B-HNI Minimum	8	8,000	₹1,016,000

About the Company

Qualiance International Limited is engaged in the design, engineering, manufacturing and export of high-performance garments for institutional, government and branded customers across international markets. The Company specialises in technical apparel designed to meet stringent requirements relating to quality, durability and compliance.

Its product portfolio includes military uniforms, tactical outerwear, police and border patrol uniforms, high-visibility workwear, weather-resistant and all-weather garments, protective workwear and performance activewear. The Company manufactures products according to customer specifications and international compliance standards, primarily serving European military, government and institutional customers.

The Company operates an integrated manufacturing facility in Tiruppur, Tamil Nadu, with a built-up area of over 45,000 square feet on approximately 1,046.31 square metres of land. The facility has an installed production capacity of 450,000 garment pieces per annum and is supported by in-house quality control systems to maintain consistent product standards.

With a focus on technical garment manufacturing and exports, Qualiance International serves international markets by providing specialised apparel solutions that meet the performance, quality and compliance requirements of institutional customers.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹38.14	₹34.74	₹2.84	₹43.14
2025	₹55.06	₹48.77	₹4.90	₹57.53
2026	₹80.95	₹64.90	₹11.87	₹68.99

Company Promoter

Vipul Badani

Bhoomin R Badani

Krupa Rajesh Badani

Know before investing

• • Strengths

  Integrated Manufacturing with Quality Control: The Company operates an integrated manufacturing facility supported by in-house quality control systems, enabling consistent product quality, efficient production and adherence to customer specifications. Strong International Market Presence: The Company has established a presence across international markets by supplying garments to government, institutional and branded customers. Its export-focused business model supports geographic diversification and long-term customer relationships. Expertise in Technical Performance Garments: The Company has specialised capabilities in designing and manufacturing high-performance technical garments. Its ability to meet stringent military and institutional quality standards strengthens its position in niche international markets.

   

   

• • Risks

  Dependence on Woven Garment Sales: A significant share of the Company’s revenue is derived from the sale of woven garments. Any decline in demand for this product category could adversely affect its business performance and financial condition.

  Customer Concentration Risk: The Company relies on a limited number of customers for a substantial portion of its revenue. Any loss of key customers or reduction in their order volumes could negatively impact revenue and profitability.

  Outstanding Legal Proceedings: The Company, its promoters and directors are involved in certain ongoing legal proceedings. Any adverse outcome may result in financial liabilities, management distraction and a negative impact on the Company’s business and financial condition.

Objects of the Issue & Utilisation of proceeds

Funding the Company’s capital expenditure requirements towards setting up a new manufacturing facility in Tiruppur, Tamil Nadu.

Company  Address

Qualiance International Ltd.
406 – B Wing, Knox Plaza,
Next to Tangent Showroom,
Mindspace, Mal, ad West,
Mumbai, Maharashtra, 400064
Phone: +91 22 42666003
Email: cs@qualiance.com
Website: https://www.qualiance.com/

IPO Registrar

MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: qualiance.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html