Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance garments for institutional, government and brand clients in international markets.
The company product portfolio includes military uniforms, tactical outerwear, high-visibility workwear, weather-resistant and all-weather outerwear, police and border patrol uniforms, protective workwear and performance activewear.
The company operate a manufacturing facility located in Tiruppur, Tamil Nadu with a total built up area of over 45,000 square feet over a land area of approximately 1,046.31 square meters and an installed capacity of 450,000 garment pieces per annum.
They have manufactured garments based on product specifications and compliance requirements of European military, government and institutional buyers.
Competitive Strengths:
- In-house manufacturing facility with quality control mechanism
- Widespread reach in international markets
- Integrated expertise in high performance technical garments
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding the capital expenditure requirements of the company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu | ₹31 |
| General Corporate Purpose | — |
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 72 | 58 | 43 |
| Revenue | 40 | 55 | 38 |
| PAT | 5 | 5 | 3 |
| EBITDA | 7 | 8 | 5 |
| Net Worth | 19 | 14 | 9 |
| Reserves | 20 | 15 | 10 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 4.10 | 674,000 | 2,765,000 |
| NII / HNI | 13.80 | 507,000 | 6,999,000 |
| Retail (RII) | 19.29 | 1,182,000 | 22,804,000 |
| Market Maker | — | 180,000 | — |
| Total | 13.78 | 2,363,000 | 32,568,000 |
* Amount calculated at upper price band (₹127) · ** Total includes all investor categories
- 1 Initiation of Refund 10 Sep 2026
- 2 Credit of Shares to Demat 10 Sep 2026
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹5 compares to post-issue EPS of ₹8 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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