Qualiance International IPO Subscription Update: Issue Subscribed 25.87x on Day 2
Subscription Information
On the second day, Qualiance International received bids for {} shares against {} shares available for subscription, according to NSE data. The Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received {} and {} bids at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
Day 2 Subscription Data
| SR. NO. | CATEGORY | DAY 2 SUBSCRIPTION DATA |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.11x |
| 2. | Non-Institutional Investors | 0.63x |
| - | Total | 0.86x |
Overview & Purpose
Qualiance International IPO is a Rs 45.11 crore book-built issue comprising a fresh issue of 35.52 lakh equity shares. The company has not included an Offer for Sale component, making it a fresh capital issue.
The company plans to use a major portion of the IPO proceeds towards setting up a new manufacturing facility at Tiruppur, Tamil Nadu. Around Rs 38 crore is proposed to be allocated towards this capital expenditure, with the remaining funds intended for general corporate purposes.
The IPO is scheduled to close on September 8, 2026, with allotment expected on September 9 and the shares proposed to list on NSE SME on September 11, 2026.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Pranav Constructions IPO Subscription Update: Issue Subscribed 1.25x on Day 1
The Pranav Constructions IPO received a positive response from investors on the first day of bidding, with the issue subscribed 1.25 times so far. The IPO opened on September 7 and will remain open for subscription until September 9, 2026. The company has fixed the price band at Rs 118 to Rs 124 per equity share.
Qualiance International IPO Subscription Update: Issue Subscribed 13.59x on Day 1
The Qualiance International IPO received a 13.59x subscription on the first day of bidding, according to the latest subscription data.
Deepa Jewellers IPO Subscription Update: Issue Subscribed 87% on Day 1
Deepa Jewellers’ Rs.459.72 crore IPO received a 87% subscription on the first day of bidding. The issue saw comparatively stronger participation from retail investors. The IPO comprises a fresh issue of up to Rs.250 crore and an Offer for Sale of up to Rs.209.72 crore by promoters Ashish Agarwal and Seema Agarwal. The company plans to use the fresh issue proceeds mainly for debt repayment, capital expenditure and general corporate purposes.