MoneyTrack every mainboard and SME IPO in India – dates, price band, issue size and a plain-language read on what to check before you apply.
← All IPOs · Closed
| IPO open | 4 Sep 2026 | IPO close | 7 Sep 2026 |
|---|---|---|---|
| Listing date | 12 Sep 2026 | Exchange | NSE SME |
| Price band | ₹120 – ₹127 | Lot size | 1,000 shares |
| Issue size | ₹45.11 Cr | Issue type | Fresh issue |
| Min investment | ₹127,000 | GMP | Not tracked |
About Qualance International Ltd
Qualance International is a small-cap technology-services company raising primary capital for working capital and general corporate purposes. This is an SME issue, which carries higher liquidity and volatility risk than a mainboard listing.
Strengths
- Asset-light services model with recurring client revenue
- Fresh issue - proceeds go into the business, not to selling shareholders
Risks
- SME listings are thinly traded and can move sharply after listing
- Client concentration is common in small IT-services firms - check the RHP
- Small absolute issue size limits institutional participation
What to watch
- Subscription figures on the final day, especially the retail and NII portions
- The grey-market premium in the last two days before listing
- FY revenue growth and margin trend in the RHP
Key financials
Detailed financials for this issue are in the company’s Red Herring Prospectus (RHP), filed with SEBI and available on the exchange and registrar websites. We add the headline numbers here once the desk has reviewed the RHP.
MoneyPuran coverage
- SEC IPO Data Shows 86% Increase in Q1 2026 Capital Raised 31 Aug 2026
- What is an IPO and How Do Retail Investors Apply? 30 Aug 2026
Disclaimer: MoneyPuran is a financial news and educational portal. Not SEBI-registered investment advice. The notes above are an editorial reading of public disclosures, not a buy/avoid recommendation. IPO investing can lose money; read the RHP and consult a SEBI-registered adviser.