Raksan Transformers Limited
Uncategorized · BSE SME
SMEOpen
- Price band
- ₹258–₹273
- Min. investment
- ₹2,18,400
- Closes
- 15 Sept
Grey market premium
Not yet quotedCloses in 5 daysDay 1 of 6
Allotment outSME
Qualiance International Limited
Uncategorized · NSE Emerge · Lists tomorrow
Qualiance International is an integrated apparel manufacturer specializing in technical outerwear, performance products, workwear, uniforms, and lifestyle garments across both woven and knit categories. The company operates from its manufacturing facility located in Tiruppur, Tamil Nadu, which has an installed base production capacity of 4,50,000 pieces per annum. Its manufacturing capabilities include seam sealing, bonded and sew-free construction, ultrasonic welding, laser cutting and perforation, reflective fusing, down filling, and quilting. The business generates revenue primarily through the sale of woven and knitted garments to institutional buyers, workwear companies, and lifestyle brands in international markets, with a significant focus on exports to countries such as Switzerland, the United Kingdom, and the United States. A substantial portion of its product sales is derived from woven garments, supported by certifications aligning with global sustainability requirements.
Grey market premium
₹55+45.8%
- Estimated listing
- ₹175
- Expected gain
- +45.8%
- Kostak
- —
- Subject to Sauda
- —
Updated 10 Sept 2026, 10:08 am IST
Issue details
- Price band
- ₹120 – ₹120 per share
- Lot size
- 1000 shares
- Minimum application
- 2 lots · ₹2,40,000
- Retail maximum
- 2 lots · ₹2,40,000
- Issue size
- ₹45 cr
- Bidding days
- 5 · 4 Sept to 8 Sept
- Listing at
- NSE Emerge
Facts worth noting
- SME listing: two-lot minimum, thinner liquidity and wider price swings than mainboard issues.
Derived from the figures on this page. Observations, not a recommendation.
Documents
DRHP and RHP links appear here once connected to a live document source. Always read the red herring prospectus on sebi.gov.in or the exchange website before applying.
Grey market premium
Unofficial per-share premium quoted by grey market dealers. Estimated listing price = upper band + GMP.
What the quote means for one application
A minimum application of 2 lots (2000 shares) costs ₹2,40,000. At today's grey market quote it would be worth about ₹3,50,000 on listing, an indicative gain of ₹1,10,000 before costs and tax, and only if you are allotted.
Arithmetic from the latest quote, not a forecast. Grey market quotes are unofficial and frequently wrong; see the accuracy tracker on the GMP page.
| Date | GMP | Est. listing |
|---|---|---|
| 7 Sept | ₹55 | ₹175 |
| 6 Sept | ₹55 | ₹175 |
| 5 Sept | ₹55 | ₹175 |
| 4 Sept | ₹55 | ₹175 |
| 3 Sept | ₹55 | ₹175 |
| 2 Sept | ₹53 | ₹173 |
Grey market premium, Kostak and Subject-to-Sauda rates are unofficial, unregulated indications collected from market sources. They are not endorsed by SEBI, NSE or BSE and are no guarantee of the listing price. IPOKhazana does not deal in, facilitate or recommend grey market transactions.
Subscription
Times subscribed per category, cumulative by day. QIB figures exclude the anchor portion.
- QIB5.32×
- bNII108×
- sNII68.1×
- NII94.6×
- Retail92.8×
- Total68.2×
As of day 4 · 7 Sept. Bars use a log scale; amber marks categories still under 1×.
| Day | QIB | bNII | sNII | NII | Retail | Total |
|---|---|---|---|---|---|---|
| Day 4 7 Sept | 5.32× | 108× | 68.1× | 94.6× | 92.8× | 68.2× |
Overall 68.2× as of day 4. Retail bids are capped at ₹2 lakh per PAN; oversubscribed retail and sNII portions are allotted by lottery.
Key dates
Under SEBI's T+3 timeline: allotment on T+1, refunds and demat credit on T+2, listing on T+3, where T is the closing day.
- Issue opens
Fri, 4 Sept, 2026
- Issue closes
Tue, 8 Sept, 2026
- Basis of allotment
Wed, 9 Sept, 2026
- Refunds / unblock
Thu, 10 Sept, 2026
- Credit to demat
Thu, 10 Sept, 2026
- Listing
Fri, 11 Sept, 2026
Allotment
Basis of allotment is due on Wed, 9 Sept, 2026. Check with the registrar using your PAN, application number or DP/client ID.
Check your status
Registrar details for this issue haven't been indexed yet.
- Status also appears on BSE's application-status page and in your broker app.
- Unallotted funds are unblocked by Thu, 10 Sept, 2026.
- Allotted shares are credited to demat by Thu, 10 Sept, 2026.
Estimate your odds
Chance of at least one lot
1.1%
Subscribed 92.8×. Allotment is by lottery at one lot per winner, so roughly one in 93 applicants gets shares. Extra lots do not improve the odds in this category.
Illustrative estimate from published subscription figures. The registrar's basis of allotment is the only authoritative source.
Reviews from third-party research
Attributed summaries of published research. IPOKhazana does not issue its own subscribe or avoid calls.
No published research has been indexed for this issue yet. Reviews usually appear a day or two before the issue opens.
Opinions belong to the named source. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
QUALIANCE IPO: common questions
What is the QUALIANCE IPO price band and lot size?
The price band is ₹120 to ₹120 per share with a lot size of 1000 shares. The minimum application is 2 lots, or ₹2,40,000 at the upper band.
What are the QUALIANCE IPO dates?
The issue opens on Fri, 4 Sept, 2026 and closes on Tue, 8 Sept, 2026. Basis of allotment is expected on Wed, 9 Sept, 2026, refunds and demat credit by Thu, 10 Sept, 2026, and listing on Fri, 11 Sept, 2026 on NSE Emerge.
What is the QUALIANCE IPO GMP today?
The latest grey market premium is ₹55 per share (7 Sept), implying an estimated listing price of about ₹175 and an expected gain of +45.8% over the upper band. GMP is unofficial and unregulated and is not a forecast of the listing price.
How do I check QUALIANCE IPO allotment status?
Allotment is finalised around Wed, 9 Sept, 2026. Check with the issue's registrar using your PAN, application number or DP/client ID, or on BSE's application-status page, or in your broker app.
How many times is the QUALIANCE IPO subscribed?
As of day 4 (7 Sept) the issue is subscribed 68.2× overall: QIB 5.32×, NII 94.6×, retail 92.8×.
Is the QUALIANCE IPO a mainboard or SME issue?
Qualiance International Limited is a SME issue listing on NSE Emerge. SME issues require a minimum application of two lots and trade with a market maker after listing. Current status: Allotment out.
Other IPOs to compare
Same board or stage as QUALIANCE. The GMP tracker lines them all up side by side.
—
Om Galaxy Limited
Uncategorized · BSE SME
SMEOpen
- Price band
- ₹85–₹90
- Min. investment
- ₹2,88,000
- Closes
- 15 Sept
Grey market premium
Not yet quotedCloses in 5 daysDay 1 of 6
Maharaja & Speedex India Limited
Uncategorized · BSE SME
SMEOpen
- Price band
- ₹177–₹186
- Min. investment
- ₹2,23,200
- Closes
- 15 Sept
Grey market premium
Not yet quotedCloses in 5 daysDay 1 of 6