Qualiance International shares make blockbuster listing at 77% premium on NSE Emerge

As per the latest business developments, Qualiance International shares made a firm market debut on Friday, stock-exchange debut at more than 77 percent premium on the NSE Emerge platform.

Shares of the firm were listed at Rs 224.90 per share on the NSE, a premium of 77.09 percent. The Rs 45.11-crore SME offering had a price range of Rs 120-127 per share.

The firm's market capitalisation post stock-exchange debut of shares stood at Rs 317.60-crore.

Qualiance International's market debut was even better than expectations in the grey market, which had anticipated a stock-exchange debut of up to 65 percent.

The IPO, which opened for subscription on September 4, 2026, and closed on September 8, 2026, received an overwhelming response with a total subscription of 459.22 times.

The firm plans to utilise the net proceeds from the IPO primarily to fund capital expenditure for setting up a new manufacturing facility in Tiruppur, Tamil Nadu. The firm has earmarked approximately Rs 38 crore for the proposed facility.

Any balance remaining from the net proceeds will be deployed towards general corporate purposes, in accordance with applicable laws and regulations.

Incorporated in August 2006, Qualiance International Limited is engaged in the design, engineering, manufacture and export of performance and technical garments for institutional, government and brand clients in international markets.