# Qualiance International Limited: IPO analysis > Qualiance International Limited (CIN U17299MH2006PLC164026) has filed a Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of 35,52,000 shares. In FY26 it reported revenue of ₹77 Cr (+44.9% on FY25) and a net profit of ₹12 Cr. Promoters hold 77.9% before the IPO. Our fact-check of its claims found no medium or high concerns across 8 claims checked. - Page: https://ipo.innerkore.com/company/U17299MH2006PLC164026/qualiance-international-limited/ - CIN: U17299MH2006PLC164026 - Last updated: 10 Sep 2026 ## Key facts - **Company:** Qualiance International Limited - **CIN:** U17299MH2006PLC164026 - **Filing stage:** RHP - **Latest SEBI filing:** 10 Sep 2026 - **Bidding opens:** 4 Sep 2026 - **Bidding closes:** 8 Sep 2026 - **Listing on:** NSE - **Revenue FY26:** ₹77 Cr - **Revenue growth:** +44.9% - **Net profit FY26:** ₹12 Cr - **Revenue CAGR FY24 to FY26:** 43.7% - **Promoter holding (pre-IPO):** 77.9% - **Lead managers:** HEM SECURITIES LIMITED - **Registrar:** MUFG INTIME INDIA PRIVATE LIMITED - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Growth** (looks fine): 43.7% a year. Sales FY24 to FY26; latest year +44.9%. - **Profitability** (looks fine): 15.4% net margin. FY26; operating margin improving. - **Debt** (looks fine): 0.33x equity. ₹28.5 crore borrowed at the end of FY26. - **Profit into cash** (look closer): 66% of profit. Operations brought in ₹7.8 crore against ₹11.9 crore of profit in FY26. - **One-off income** (look closer): 25% of profit. Other and one-off income is 25% of pre-tax profit. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. - **Red flags** (looks fine): None serious. 8 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; unspecified) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 37 | 53 | 77 | | Sales growth | – | 42.6% | 44.9% | | Operating profit | 4.9 | 8.1 | 17 | | Operating margin | 13.2% | 15.3% | 21.9% | | Net profit | 2.8 | 4.9 | 12 | | Net margin | 7.6% | 9.2% | 15.4% | | Net worth | 60 | 75 | 86 | | Borrowings | 19 | 30 | 29 | | Return on equity | 4.8% | 6.5% | 13.8% | ## Use of proceeds (fresh issue) - Funding the capital expenditure requirements of our company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu: ₹38 crore - General Corporate Purposes*: amount not fixed yet ## Fact-checked claims - **NONE** (SubsidiaryPerformance): Growth in EMDEs is anticipated to decelerate to 3.6 percent in 2026, 0.4 percentage point below January projections.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the deceleration of growth in EMDEs to 3.6 percent in 2026. - **NONE** (SubsidiaryPerformance): Commodity prices are expected to rise by 22 percent in 2026, contrasting with a 7 percent decline expected in January.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the commodity price expectations mentioned in the claim. - **NONE** (SubsidiaryPerformance): Global growth is projected to slow from 2.9 percent in 2025 to 2.5 percent in 2026, the lowest rate since the COVID-19 pandemic.. No current web search results were found to corroborate, contradict, or provide any information regarding the projected global growth rates mentioned in the claim. - **NONE** (SubsidiaryPerformance): Power for operations is met through the Tamil Nadu Power Distribution Corporation Limited and Solar Power Panels installed at the factory.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that power for operations is met through the Tamil Nadu Power Distribution Corporation Limited and solar power panels. - **NONE** (SubsidiaryPerformance): Arvind Limited, the largest textile to technology conglomerate in India, and PurFi Global LLC, a sustainable technology firm that specialises in rejuvenating textile waste into virgin grade products, have formed a joint venture to reduce the quantity of textile waste dumped in landfills.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Arvind Limited and PurFi Global LLC formed a joint venture. - **NONE** (SubsidiaryPerformance): The Registration Act, 1908, aims to provide public notice of the execution of documents affecting the transfer of interest in immovable property, focusing on evidence conservation and fraud prevention.. No web search results were found to corroborate, contradict, update, or provide new information regarding the stated aim of the Registration Act, 1908, as described in the DRHP claim. - **NONE** (SubsidiaryPerformance): The Copyright Act, 1957 governs copyright protection in India and prescribes penalties for violations.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that the Copyright Act, 1957 governs copyright protection in India and prescribes penalties for violations. - **NONE** (SubsidiaryPerformance): The Insolvency and Bankruptcy Code, 2016 provides a mechanism for the resolution of insolvencies in companies and other entities.. No web search results were found to corroborate, contradict, update, or provide new information regarding the statement that the Insolvency and Bankruptcy Code, 2016 provides a mechanism for the resolution of insolvencies in companies and other entities. ## Common questions ### How big is the Qualiance International Limited IPO? Qualiance International Limited's IPO comprises a fresh issue of 35,52,000 shares, according to its Red Herring Prospectus. The price band is not stated in that document. ### What are Qualiance International Limited's revenue and profit? Qualiance International Limited reported revenue from operations of ₹77 Cr in FY26, +44.9% versus FY25. Net profit was ₹12 Cr (FY25: ₹4.9 Cr). Revenue grew at a compound rate of 43.7% a year from FY24 to FY26. Figures are read from the RHP, as printed there. ### How much do promoters own in Qualiance International Limited? Promoters hold 77.9% of Qualiance International Limited before the IPO. ### How will Qualiance International Limited use the IPO money? The fresh-issue proceeds are earmarked for: Funding the capital expenditure requirements of our company towards setting up a new manufacturing facility at Tiruppur- Tamil Nadu (₹38 Cr); General Corporate Purposes (amount not fixed yet). ### What are the red flags in Qualiance International Limited's RHP? We fact-checked 8 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Qualiance International Limited do? The story behind the Qualiance International Limited IPO is clouded by a critical discrepancy: no verifiable information exists to confirm the reported increase in Bhoomin R Badani's shareholding from 3.05% before the offering to 2.24% after. This missing piece raises serious questions about the transparency and… ### Who manages the Qualiance International Limited IPO? Book running lead managers: HEM SECURITIES LIMITED. Registrar to the offer: MUFG INTIME INDIA PRIVATE LIMITED. Shares are proposed to list on NSE. ### Where can I read the original Qualiance International Limited IPO documents? All 1 filing for Qualiance International Limited (RHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [QUALIANCE INTERNATIONAL LIMITED](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1789025406710_1349.pdf) (Red Herring Prospectus, filed 10 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.