Back to IPO DirectoryISIN / ID: qualiance-international

QUALIANCESME PlatformLISTED

Qualiance International

Qualiance International Limited

SEBI SME & High-Risk Guardrail Alerts

Risk checks incomplete: Institutional allocation, OFS proportion, or secondary quote dispersion are partially pending DRHP documentation.

SME Liquidity Rule: Minimum application lot is ₹1,00,000–₹1,50,000. Post-listing secondary trading must also occur in full lot sizes, resulting in lower retail liquidity.

High Quote Dispersion (40%): Grey market desk quotes show wide divergence. Informal OTC premium may be volatile.

Price Band

₹95 - ₹100

Per Equity Share

Market Lot

1200 Shares

Min ₹1,20,000

Total Issue Size

₹24 Cr

Fresh: OFS Only

Registrar

Bigshare Services Private Limited

Verified Registry Portal

Statutory Issue Timeline

Bids Open

2026-09-04

Bids Close

2026-09-11

Allotment Finalization

Announcing Soon

Exchange Listing

Announcing Soon

Anchor Investor Lock-in Schedules

SEBI statutory lock-in expiry dates for marquee institutional anchor allotments.

30-Day Lock-in (50% Anchor Shares)

Expiry Date:Awaiting Listing Date

Exactly 50% of the allocated anchor shares become eligible for secondary market trading 30 days post listing.

90-Day Lock-in (Remaining 50%)

Expiry Date:Awaiting Listing Date

The final 50% of anchor shares unlock 90 days after the exchange listing date under SEBI ICDR amendment guidelines.

Market Impact Note: Anchor lock-in expirations frequently introduce secondary market liquidity shifts. Monitoring these dates helps retail investors anticipate potential volatility.

Grey Market Sentiment

OTC Off-Market Quotes

Thin Market₹15

2 Sources · No Consensus

Thin market · 2 independent sources · No consensus

Spread: ₹12 – ₹18(2 desks)

Subscription Status

BSE / NSE Bidding Feeds

Total Subscription BookCombined Exchange Book

Total Applications10,375

Share Subscription

12.45xTotal Shares

Cumulative equity shares bid divided by shares offered

Application Subscription

Application subscription unavailable — maximum retail allotments capacity not documented.

QIB (Institutions)[50% Quota]

Subscribed:0.00x

NII (HNIs)[15% Quota]

Subscribed:6.55x

Retail (RII)[35% Quota]

Subscribed:18.42x

Combined Dual-Exchange (NSE + BSE) FeedUpdated: 6 Sept 2026, 22:30 IST

Application Lot Sizing & Category Limits

SEBI ICDR investment thresholds, lot multiples, and payment modes across investor classes.

1 Lot = 1200 Shares•₹1,20,000

Application Category	Lots	Shares	Rupee Commitment	Payment Mode	SEBI Allotment Framework
Retail (Min)Retail	1	1,200	₹1,20,000	UPI Mandate	Minimum bid for Retail Individual Investors (RII); allotment decided via computerized lottery when oversubscribed.
Retail (Max)Retail	1	1,200	₹1,20,000	UPI Mandate	Maximum application for Retail category capped strictly at ₹2 Lakh under SEBI ICDR guidelines (UPI limit applies).
Small HNI / sNII (Min)Small HNI (sNII)	2	2,400	₹2,40,000	UPI Mandate	Minimum application for Non-Institutional Investors in the ₹2L - ₹10L bucket (one-third of NII portion reserved for sNII).
Small HNI / sNII (Max)Small HNI (sNII)	8	9,600	₹9,60,000	ASBA Netbanking	Maximum application ceiling of ₹10 Lakh for Small HNI category under SEBI proportionate / lottery framework.
Big HNI / bNII (Min)Big HNI (bNII)	9	10,800	₹10,80,000	ASBA Netbanking	Minimum application for Big HNI category exceeding ₹10 Lakh (two-thirds of NII portion reserved for bNII). Requires ASBA netbanking.

Retail (Min)Retail

UPI Mandate

Commitment₹1,20,000

Lots1

Shares1,200

Minimum bid for Retail Individual Investors (RII); allotment decided via computerized lottery when oversubscribed.

Retail (Max)Retail

UPI Mandate

Commitment₹1,20,000

Lots1

Shares1,200

Maximum application for Retail category capped strictly at ₹2 Lakh under SEBI ICDR guidelines (UPI limit applies).

Small HNI / sNII (Min)Small HNI (sNII)

UPI Mandate

Commitment₹2,40,000

Lots2

Shares2,400

Minimum application for Non-Institutional Investors in the ₹2L - ₹10L bucket (one-third of NII portion reserved for sNII).

Small HNI / sNII (Max)Small HNI (sNII)

ASBA Netbanking

Commitment₹9,60,000

Lots8

Shares9,600

Maximum application ceiling of ₹10 Lakh for Small HNI category under SEBI proportionate / lottery framework.

Big HNI / bNII (Min)Big HNI (bNII)

ASBA Netbanking

Commitment₹10,80,000

Lots9

Shares10,800

Minimum application for Big HNI category exceeding ₹10 Lakh (two-thirds of NII portion reserved for bNII). Requires ASBA netbanking.

SEBI Allotment Note: Retail applications up to ₹2 Lakh undergo computerized randomized lottery if the retail quota is oversubscribed. In the NII category, one-third of the allocation is reserved for Small HNIs (sNII: ₹2L to ₹10L) and two-thirds for Big HNIs (bNII: > ₹10L).

Investment Decision Calculators

Assess funding cost break-evens and statistical allotment odds using mathematical models.

HNI Leveraged Funding Break-Even

Calculate cost of NBFC margin financing and required listing gain %

NBFC Borrowing Rate11.50% p.a.

Typically 10.5% – 13.0% for prime HNIs

Funding Tenure7 Days

T+3 listing settlement = 6 to 8 days funding

NII Subscription Book6.55x

Estimated or live NII category demand

Cost Per Allotted Share₹1.44Interest paid per share allotted

Break-Even Listing Price₹101.44Issue (₹100) + Interest

Required Listing Gain

+1.44%

Minimum jump to avoid loss

Consensus GMP (₹15) exceeds funding cost (₹1.44). Estimated net profit: ₹13.56/share.

Retail Application Expected Value (EV)

Basis: Share-Based Bids (Fallback Assumption)

Application Cost₹1,20,000

Lottery Allotment Odds

5.43%

1 in 18.4 applicants win 1 lot

Profit If Allotted (1 Lot)

₹18,000

1200 shares × ₹15 consensus GMP

Mathematical EV

₹977.20

EV Return: +0.81%

SEBI Retail Rule: If the retail book is oversubscribed, allotment occurs strictly by a computerized random lottery. Applying for more than 1 lot in the retail category does NOT increase your lottery winning probability. One lot is allotted per successful applicant.

Capital Structure & Issue Breakdown

Proportion of growth capital (Fresh Issue) versus existing shareholder liquidity (Offer For Sale).

Issue breakdown between Fresh Issue and OFS is currently being audited.

Fresh Issue (Growth Capital)

Pending RHP Filing

Retained in company for capex / debt repayment

Offer For Sale (OFS)

Pending RHP Filing

Proceeds paid out to selling shareholders

Anchor Placement Book

Disclosed 1 Day Pre-Bid

Allocated via exchange circular the evening before bid opens

Promoter Shareholding Dilution

Statutory promoter ownership pre-issue vs post-listing equity base

Promoter holding data pending final BOA filing

Valuation Multiples & Peer Comparison

Statutory P/E multiples evaluated against industry peers at upper price band (₹100).

Valuation & Peer Multiples Pending RHP Restatement

Statutory valuation metrics (Pre/Post-issue P/E, Diluted EPS, NAV, and Peer Benchmarks) will populate once the company files its audited restated financials with SEBI/exchanges.

Frequently Asked Questions (FAQs)

Data-backed answers on Qualiance International IPO consensus GMP, subscription rules, and allotment schedules.

RHP Source Verified

As of the latest multi-desk observation, the Grey Market Premium (GMP) for Qualiance International IPO is ₹15 per equity share. Based on this, the projected listing price is ₹115 (estimated gain of 15%). Note that grey market figures are unofficial, unregulated dealer-desk indicators and do not guarantee actual listing price.

For Retail Individual Investors (RII), the minimum bid is 1 lot (1200 equity shares) totaling ₹1,20,000 at the upper price band of ₹100. For Small Non-Institutional Investors (sNII / HNI), the minimum bid is 2 lots (2400 shares) totaling ₹2,40,000, satisfying the SEBI minimum threshold exceeding ₹2,00,000.

Featured Demat Partner

Zero Brokerage on Equity & Instant UPI IPO Applications

One-click UPI mandate approvals, direct Demat allotment credit alerts, and zero brokerage on equity delivery.

WeInvest / InvestorPizza may receive an affiliate referral commission if you open an account through this link at no additional cost to you.

Apply via Zerodha

Sponsored / AdvertisementExternal Network

Advertisement300x250 Dimension Reserved