Qualiance International IPO: Weaving the risks

Qualiance International's numbers look exceptional for an SME IPO, but the fine print tells a more complicated story. Revenue doubled in two years to ₹76.89 crore, EBITDA margins hit 21.74%, and ROCE sits at 37.33%, numbers that put much larger listed peers like Gokaldas Exports behind in the stock market. But one customer controls 57% of revenue, and that concentration risk is the single biggest question retail investors need to answer before bidding. The episode walks through the business model, the Tiruppur facility's technical edge, the clean balance sheet, and what the ₹45 crore fresh issue is actually funding. Get the full market picture on askfuzz.ai.