Qualiance International IPO Subscription Update: Issue Subscribed 459.2x on Day 3
Subscription Information
The Qualiance International IPO saw strong demand on its final day, with investors bidding for 1,08,51,31,000 shares against 23,63,000 shares offered, resulting in an overall subscription of 459.2x times.
The NII category recorded the highest demand at 699.59x, with bids for around 35,46,94,000 shares against 5,07,000 shares reserved.
| Sr. No. | Category | Day 3 Subscription Data |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 299.60 |
| 2 | Non-Institutional Investors (NIIs) | 699.59 |
| 3 | Retail Individual Investors (RIIs) | — |
| - | Total | 459.2xx |
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, 2026, and the shares proposed to list on NSE SME on September 11, 2026.
Disclaimer: This content is for informational purposes only and should not be considered investment advice. Please consult a financial advisor before making any investment decisions.
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)
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