Qualiance International IPO
Qualiance International IPO is an SME IPO raising ₹45 Cr at ₹120 – ₹127 a share. The smallest application you can make is 1000 shares, costing ₹1,27,000 at the top of the band. Bidding has closed; the shares list on 11 Sept 2026. So far it has been subscribed 534× in total.
533.9 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs127 + OFS by subtraction from exchange total Rs45 Cr. Checked: exchange issue size Rs45 Cr vs derived Rs45.1 Cr (0.2% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 75% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Gokaldas Exports Limited | 60.84× | 4.63% | ₹13.11 |
| S P Apparels Limited | 23.21× | 10.67% | ₹40.09 |
| This issue | 10.6× | 47.98% | ₹11.99 |
derived: cut-off price Rs127 / stated EPS Rs11.99 (FY 2025-2026 Basic & Diluted EPS, restated consolidated (face value ₹10)). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.