Qualiance International IPO Allotment: Amazing 459x Subscription, 47% GMP
The Qualiance International IPO allotment was finalised on September 9, 2026, after the Tiruppur-based garment exporter’s issue was subscribed a staggering 459.22 times, one of the strongest demand numbers seen on the SME platform this year. Here’s how to check your allotment, why the grey market is still pricing in solid listing gains, and what the company behind all this demand actually makes.
What Is the Qualiance International IPO Allotment Status Today?
The Qualiance International IPO allotment was finalised on September 9, 2026, with shares set to be credited to demat accounts on September 10 and refunds for unallotted applicants also processed around the same date. The stock is tentatively scheduled to list on the NSE SME platform on September 11, 2026.
How to Check Your Qualiance International IPO Allotment Status
- Visit the MUFG Intime India registrar portal, the official registrar for this IPO
- Select Qualiance International from the company dropdown and choose your verification method, PAN, application number, or DP Client ID
- Alternatively, check directly through the NSE website’s IPO allotment section
- Enter the requested details and complete the captcha to view your Qualiance International IPO allotment result
Just How Strong Was the Subscription?
The numbers behind the Qualiance International IPO allotment help explain why demand ran this hot. The issue closed on September 8, 2026, with overall subscription of 459.22 times, driven by non-institutional investors at 699.59 times, retail individual investors at 447.13 times, and qualified institutional buyers at 299.60 times. For an SME issue of this size, that level of oversubscription across every category is genuinely rare.
The issue itself was relatively small, just 35,52,000 equity shares aggregating to Rs. 45.11 crore, and smaller SME issue sizes tend to see sharper subscription multiples than larger mainboard IPOs simply because there are fewer shares to go around relative to investor demand. Even accounting for that pattern, a 459.22 times subscription places this well above most SME listings seen so far this year.
What Is the Qualiance International IPO GMP Today?
As of September 9, 2026, the grey market premium stood at around Rs. 60 per share, implying a listing price near Rs. 187 against the Rs. 127 upper end of the price band, a premium of roughly 47%. Ahead of the public issue, the company raised Rs. 12.81 crore from six anchor investors at the same Rs. 127 price, including Bharat Venture Opportunities Fund, Carnelian AIF, and Hem Growth Opportunities Fund.
About Qualiance International
Understanding the demand behind the Qualiance International IPO allotment means understanding what the company actually does. Qualiance International is a Tiruppur, Tamil Nadu-based manufacturer and exporter of performance and technical garments, including military uniforms, tactical wear, high-visibility uniforms, all-weather jackets, police uniforms, border patrol uniforms, and general protective wear. Its facility has an installed capacity of 4,50,000 pieces annually, using techniques like seam sealing, ultrasonic welding, laser cutting, reflective fusing, and quilting.
Tiruppur is one of India’s best-known textile manufacturing hubs, and Qualiance International’s positioning within technical and protective garments, rather than everyday apparel, is part of what likely helped justify the strong institutional interest in this specific SME listing.
Financial Performance
Qualiance International reported FY26 revenue of Rs. 80.95 crore, up 47% from Rs. 55.06 crore in FY25, while profit after tax jumped a sharp 142% over the same period. Exports made up nearly 99% of FY26 revenue, underlining just how dependent the business is on international demand for its technical garments. Our earlier coverage of Tempsens Instruments’ allotment status looked at a very differently positioned manufacturer that saw a comparably heavy oversubscription during a similar allotment window.
Risks Worth Knowing About
Alongside the strong growth, a few concentration risks are worth flagging. Qualiance International’s top 10 customers accounted for 99.65% of FY26 revenue, meaning the loss of even one or two major clients could meaningfully affect the business. The company’s export dependence also exposes it to currency fluctuations and shifts in international defence and protective-wear procurement, factors well outside its own control. Investors checking one allotment result today are often tracking several at once, and our coverage of the Deepa Jewellers GMP allotment status looked at a very different consumer-facing business working through a comparable listing timeline just days earlier.
What Happens Next
With listing set for September 11, the real test for the Qualiance International IPO allotment story will be whether the stock can actually deliver on the grey market’s roughly 47% expectation once trading begins, especially given how concentrated its customer base currently is.
For more IPO and business updates, check out our Business section.
Frequently Asked Questions
What is the Qualiance International IPO GMP today?
As of September 9, 2026, the GMP was around Rs. 60, implying a listing price near Rs. 187 against the Rs. 127 upper price band, roughly a 47% premium.
How much was the Qualiance International IPO subscribed?
The issue closed at 459.22 times overall, led by non-institutional investors at 699.59 times, retail at 447.13 times, and QIBs at 299.60 times.
How can I check my Qualiance International IPO allotment status?
You can check through the MUFG Intime India registrar portal or directly on the NSE website, using your PAN, application number, or DP Client ID.
When does Qualiance International list on the stock exchange?
Listing is tentatively scheduled for September 11, 2026, on the NSE SME platform, with shares credited to demat accounts by September 10.
What does Qualiance International do?
It’s a Tiruppur-based manufacturer and exporter of performance and technical garments, including military uniforms, tactical wear, and protective clothing, sold mostly to international buyers.