IPO Guru
Bajaj
Closed SME

Shree Balaji (Mala) Textiles SME IPO

Shree Balaji (Mala) Textiles IPO — date, price band, lot size & details 2026

Shree Balaji (Mala) Textiles listed on 29 Jul 2026 at ₹133, 90% above the ₹70 issue price.

Everything you need to know about the Shree Balaji (Mala) Textiles IPO. Track the latest updates, GMP trends, and subscription status.

Stock price

Shree Balaji (Mala) Textiles is listed — here is the live share price.

Loading market data…
Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 23 October.

Key dates Listed
  1. Open 22 Jul 2026
  2. Close 24 Jul 2026
  3. Allotment 27 Jul 2026
  4. Refund/credit TBA
  5. Listing 29 Jul 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 22 to 24 Jul, 2026
Price Band ₹66 – ₹70
Face Value ₹10
Lot Size 2000 Shares
Issue Size ₹18.9 Cr
Sale Type Fresh capital only
Listing On BSE SME
Registrar KFin Technologies Limited
Min Investment ₹ 2,80,000
Reservation
QIB 49.69%
NII 15.21%
Retail 35.1%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 2000 shares at the ₹70 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
If it lists at today's grey market premium of ₹56
on
Grey market premium is an unofficial, unregulated indicator. It is not a forecast.
Application Lots Shares Amount
Retail (min) 2 4,000 ₹2,80,000
Retail (max) 2 4,000 ₹2,80,000
HNI (min) 3 6,000 ₹4,20,000

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 5

  • 01Diversified supplier and customer base
  • 02Vast and versatile product portfolio for women
  • 03Ability to buy in bulk quantities
  • 04Experienced Promoters and management team
  • 05Long Standing Relationship with job workers

Risks · 5

  • 01Around 95% of products are outsourced through job-work, creating heavy dependence on job workers.
  • 02Operates in a highly competitive and fragmented cotton-saree segment with thin margins.
  • 03High working-capital intensity; borrowings rose to ₹69 cr in FY26.
  • 04B2B model dependent on a distribution network of brokers, dealers and wholesalers.
  • 05Reviewer notes the issue appears aggressively priced; SME listings carry lower liquidity and higher volatility.

Three years of numbers

All figures in ₹ crore, as reported in the Shree Balaji (Mala) Textiles offer document.

Total income
212.40
196
193
212
31 Mar 202431 Mar 202531 Mar 2026
Profit after tax
5.85
2
5
6
31 Mar 202431 Mar 202531 Mar 2026
EBITDA
15.50
10
13
16
31 Mar 202431 Mar 202531 Mar 2026
Borrowing vs net worth
69.08 / 27.51
31 Mar 202431 Mar 202531 Mar 2026
Borrowing Net worth
Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 148.64 138.88 127.51
Total Income 212.40 193.44 195.89
Profit After Tax 5.85 4.95 2.46
EBITDA 15.50 13.20 10.23
NET Worth 27.51 21.65 16.70
Reserves and Surplus 20.30 20.93 15.98
Total Borrowing 69.08 48.75 51.37

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Shree Balaji (Mala) Textiles RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
11.84
EPS (₹)
5.91

Shree Balaji (Mala) Textiles IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹5.91
P/E Ratio (x) 11.84
Market Cap at Offer Price (₹ Cr) ₹69.29

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹70 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹16.50 Cr of the issue is earmarked to named objects.

Funding working capital requirements of the Company ₹16.50 Cr
General Corporate Purposes Not stated

About the company

Incorporated in 2005, Shree Balaji (Mala) Textiles Limited is engaged in the manufacturing and wholesale distribution of high-quality cotton sarees in India’s B2B cotton saree segment, based in West Bengal. The company markets its products under its own brand name “Mala Saree”, offering a wide range of designs and styles catering to diverse consumer preferences across India. The company operates on a Business-to-Business (B2B) model, distributing products through an extensive network comprising over 105 brokers, 13 dealers, 69 wholesalers, and approximately 3,000 retailers as of March 31, 2026. Its distribution network spans Central, East, North, Northeast, South, and West India, enabling broad market coverage and efficient product reach. Product Portfolio: Sarees: Cotton Saree, Embroidery, Fancy Saree, the company offers diverse range of products to various segments of the market that include sarees of different fabrics differentiated by weaving, patterns and ornamentation. The manufactured products range from normal to occasional wear with an average price of around ₹270 considering the low, medium and high range. The company’s manufacturing facility is located in Jetpur, Gujarat, spread over approximately 9–14 gunthas, and is equipped to produce a wide variety of cotton sarees with multiple design options and fabric variations. Its emphasis on quality, design innovation, and affordability has positioned it as a key player in the organized saree segment. As of July 15, 2026, the company have 47 employees and average 5 persons working as daily labour.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Binod Kumar Kedia, Anita Kedia, Mrityunjay Commosales Pvt.Ltd.
Promoter holding
100% → 72.74%
Pre-issue → post-issue
Registered office
65, Sir Hariram Goenka Street, Ground Floor, Block-A, Bangur Arcade, Kolkata, West Bengal, 700007
+91 8910014345

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
GYR Capital Advisors Pvt.Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

GYR Capital Advisors Pvt.Ltd.

12 issues handled (2 mainboard, 10 SME)
Listed in Profit 83.3% 10 of 12 listed
Avg Listing Gain +33.5% across 12 issues
Listed Below Issue 2 of 12 listed

Best listing: Merritronix (+90.0%). Weakest: Indo SMC (0.0%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Shree Balaji (Mala) Textiles
Email

Frequently asked

What is the GMP of Shree Balaji (Mala) Textiles?

The current Grey Market Premium is ₹56, or 80.0% over the issue price.

What is the Shree Balaji (Mala) Textiles IPO price band?

₹66 to ₹70, on a face value of ₹10.

When is the allotment?

The basis of allotment is 27 July 2026, with listing on 29 July 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Shree Balaji (Mala) Textiles IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

Join the WhatsApp channel All SME IPOs

Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

GMP
₹56
Subscribed
186.34×
Min bid
₹2,80,000
Size my application