Shree Balaji (Mala) Textiles IPO GMP today is Rs 16. Investors can use this GMP along with price band and subscription status for a better IPO review.
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SME IPO
MALA
Shree Balaji (Mala) Textiles
Shree Balaji (Mala) Textiles Limited is an ethnic apparel company primarily focused on the sale of women’s sarees under its distinctive brand, Mala. The company’s core business revolves around its main product specialisation, cotton sarees, alongside embroidery and fancy sarees. It generates revenue from operations through product sales and sales of services to a business-to-business-focused market. Strategically adopting an asset-light operating model, the company relies heavily on outsourcing, manufacturing approximately 95% of its products through an extensive network of independent third-party job workers. While the company maintains its own manufacturing facility in Jetpur, Gujarat, the majority of its production processes, such as bleaching, printing, and embellishments, are outsourced to these intermediaries. The business relies heavily on traditional distribution channels, serving a wide network of retailers, wholesalers, and dealers, with its primary revenue generation heavily concentrated within the Eastern India region.
IPO Details
Complete IPO information
| Current GMP | ₹16 |
|---|---|
| Estimated Listing Gain | +22.86% |
| Price Band | ₹66.00 - ₹70.00 |
| Issue Price | ₹70.00 |
| Listing Price | TBA |
| Lot Size | 2,000 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹18.90 Cr |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 186.34x |
| Listing Date | 29 Jul 2026 |
| Minimum Investment | ₹2,80,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
22 Jul 2026
02
Bidding Closes
24 Jul 2026
03
Allotment
27 Jul 2026
04
Listing
29 Jul 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 24 Jul 2026 | ₹16.00 | - | 22.86% |
| 23 Jul 2026 | ₹16.00 | +₹1.00 | 22.86% |
| 22 Jul 2026 | ₹15.00 | +₹1.00 | 21.43% |
| 21 Jul 2026 | ₹14.00 | - | 20.00% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 Lot | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 Lot | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 Lot | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 Lot | 16,000 | ₹11,20,000 |
Issue Notes
Important takeaways before applying
Strengths
- Experienced Promoters possessing deep domain knowledge to effectively scale up the business operations.
- Possession of a vast, versatile, and diversified product portfolio of sarees for women.
- Maintained long-standing operational relationships with a network of third-party job workers.
- Established business ability to procure fabric and material requirements in bulk quantities.
- Presence of a management team and an efficient operational team with established track records.
Risks
- A substantial portion of total revenue is highly concentrated on a single product segment of cotton sarees.
- Operations are highly dependent on third-party job workers who manufacture approximately 95% of the products.
- Revenue generation is heavily concentrated in the Eastern India region, heightening exposure to regional risks.
- The company experienced negative cash flows from operating activities during the recent 2026 fiscal year.
- Business operations are dependent on a domestic market and subject to seasonal demand variations around regional festivals.
Analysis
Shree Balaji (Mala) Textiles IPO Details
Shree Balaji (Mala) Textiles Limited is launching its Initial Public Offering (IPO) through the Book Building Issue process. The IPO consists entirely of a fresh issue of equity shares, with the company planning to utilize the proceeds for business expansion, working capital requirements, and other corporate purposes as disclosed in the offer document.
The equity shares of Shree Balaji (Mala) Textiles Limited are proposed to be listed on the BSE SME platform. Investors can subscribe to the IPO during the issue period within the announced price band.
| Particular | Details |
|---|---|
| Shree Balaji (Mala) Textiles IPO Open Date | July 22, 2026 |
| Shree Balaji (Mala) Textiles IPO Close Date | July 24, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹66 to ₹70 Per Share |
| Issue Size | Approx ₹18.90 Crores |
| Fresh Issue | Approx ₹18.90 Crores |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
Analysis
Shree Balaji (Mala) Textiles IPO Reservation
Shree Balaji (Mala) Textiles Limited has reserved shares for different categories of investors in accordance with the applicable SEBI regulations for SME book-built public issues. The allocation covers Anchor Investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors.
The category-wise reservation ensures balanced participation from institutional and retail investors while providing broad market access during the IPO subscription period.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 7,64,000 Shares | 28.30% |
| QIB (Ex. Anchor) | 5,10,000 Shares | 18.89% |
| NII Shares Offered | 3,90,000 Shares | 14.44% |
| Retail Shares Offered | 9,00,000 Shares | 33.33% |
Analysis
Shree Balaji (Mala) Textiles IPO Anchor Investors
Shree Balaji (Mala) Textiles Limited has scheduled its anchor investor bidding one day before the IPO opens for public subscription. The anchor portion is reserved for eligible institutional investors and is intended to attract quality institutional participation before the public issue begins.
The final list of anchor investors and the amount mobilized through the anchor book will be announced after the completion of the anchor allocation process. The currently available details are provided below.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 21, 2026 |
| Anchor Investors List | |
| Shares Offered | 7,64,000 Shares |
| Anchor Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The names of anchor investors, the total anchor investment amount, and the exact lock-in expiry dates will be updated after the completion of the anchor allocation and official disclosure by the company.
Analysis
Shree Balaji (Mala) Textiles IPO Dates
The Shree Balaji (Mala) Textiles IPO will open for public subscription on July 22, 2026 and close on July 24, 2026. During this period, eligible investors can submit their IPO applications through the ASBA facility or supported UPI-based platforms offered by registered brokers and banks.
The basis of allotment is expected to be finalized on July 27, 2026. Refunds for unsuccessful applicants and the credit of allotted equity shares to successful investors' demat accounts are scheduled for July 28, 2026. The shares of Shree Balaji (Mala) Textiles Limited are proposed to be listed on the BSE SME platform on July 29, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 22, 2026 |
| IPO Close Date | July 24, 2026 |
| Basis of Allotment | July 27, 2026 |
| Refunds Initiation | July 28, 2026 |
| Credit to Demat Account | July 28, 2026 |
| IPO Listing Date | July 29, 2026 |
Analysis
Shree Balaji (Mala) Textiles IPO Promoters and Holding Pattern
The promoters of Shree Balaji (Mala) Textiles Limited are Binod Kumar Kedia, Anita Kedia, and Mrityunjay Commosales Pvt. Ltd. The promoter group has played a significant role in the company's establishment, operational growth, and business development over the years.
Prior to the IPO, the promoters hold the entire equity share capital of the company. Following the fresh issue of shares, the promoter stake will be diluted, although the promoter group is expected to continue retaining management control of the company after the public issue.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 72,05,000 | 100% |
| Promoter Holding Post Issue | 99,05,000 | -% |
Note: The post-issue promoter shareholding percentage will be updated after the completion of the IPO process and the final allotment of equity shares, as disclosed in the company's post-issue shareholding pattern.
Analysis
Shree Balaji (Mala) Textiles IPO Objects of the Issue & Utilisation of Proceeds
Shree Balaji (Mala) Textiles Limited intends to utilize the net proceeds from the IPO primarily to strengthen its working capital position. Adequate working capital will enable the company to support day-to-day business operations, improve inventory management, and meet growing customer demand.
Apart from working capital requirements, a portion of the IPO proceeds will also be allocated towards general corporate purposes, providing financial flexibility for future operational and strategic initiatives.
| Purpose | Amount |
|---|---|
| Funding Working Capital Requirements | ₹16.50 Crores |
| General Corporate Purpose | ₹- |
Note: The proposed utilisation of IPO proceeds is based on the company's offer document. The actual deployment of funds will be carried out in accordance with business requirements and applicable regulatory guidelines.
Analysis
Shree Balaji (Mala) Textiles - About IPO
Shree Balaji (Mala) Textiles Limited was founded in 2005 and began its journey in the manufacturing and wholesale distribution of high-quality cotton sarees. The firm sells its products under the brand “Mala Saree,” offering a wide range of designs and styles to appeal to a diverse customer base. As of March 2026, the firm operates in a B2B model, distributing products to over 105 brokers, 13 dealers, 69 wholesalers, and approximately 3,000 retailers.
Its product portfolio includes Cotton Saree, Embroidery, and Fancy Saree comes in different fabrics, weaving, patterns, and ornamentation, starting from the range of around ₹270, considering the low, medium, and high range. Its manufacturing facility is located in Jetpur, Gujarat, and comprises a diverse range of cotton sarees with multiple design options and fabric variations.
Analysis
Shree Balaji (Mala) Textiles IPO Company Financial Report
Shree Balaji (Mala) Textiles Limited has maintained steady financial performance over the last three financial years. The company has reported consistent revenue generation along with gradual improvement in profitability, reflecting stable operations in the textile manufacturing business.
The financial information below highlights the company's revenue, expenses, profit after tax (PAT), and total assets. These figures provide investors with an overview of the company's financial health and operational performance before the IPO.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹195.89 | ₹192.60 | ₹2.46 | ₹127.51 |
| 2025 | ₹193.44 | ₹186.84 | ₹4.95 | ₹138.88 |
| 2026 | ₹212.40 | ₹204.47 | ₹5.85 | ₹148.64 |
Amount in ₹ Crores: The above financial data is based on the company's reported financial statements and is intended to provide investors with an overview of Shree Balaji (Mala) Textiles Limited's financial performance before the public issue.
Analysis
Shree Balaji (Mala) Textiles IPO Valuation – FY2026
Shree Balaji (Mala) Textiles Limited has reported stable financial performance for FY2026. Key valuation indicators such as Earnings Per Share (EPS), Return on Equity (ROE), Return on Net Worth (RoNW), Net Asset Value (NAV), EBITDA Margin, and Debt-to-Equity Ratio help investors assess the company's profitability, operational efficiency, and financial strength before subscribing to the IPO.
The valuation metrics below are derived from the company's latest available financial statements and can be used by investors to compare Shree Balaji (Mala) Textiles Limited with other companies operating in the textile and fabric manufacturing industry.
| KPI | Values |
|---|---|
| ROE | 23.82% |
| ROCE | 15.65% |
| EBITDA Margin | 7.30% |
| PAT Margin | 2.76% |
| Debt to Equity Ratio | 2.51 |
| Earning Per Share (EPS) | ₹8.13 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 21.28% |
| Net Asset Value (NAV) | ₹38.17 |
Note: The above valuation metrics are based on the FY2026 financial statements of Shree Balaji (Mala) Textiles Limited. Investors should consider these figures along with the IPO pricing, peer comparison, business fundamentals, and future growth prospects before making an investment decision.
Analysis
Shree Balaji (Mala) Textiles IPO Peer Group Comparison
Comparing Shree Balaji (Mala) Textiles Limited with other listed textile companies helps investors evaluate its relative financial strength, profitability, and valuation. Key indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and total income offer useful insights into how the company compares with established peers in the industry.
The following table presents a comparison of Shree Balaji (Mala) Textiles Limited with selected companies operating in the textile and fabric trading sector.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| N R Vandana Tex Industries Limited | 4.73 | 15.03 | 14.43% | 31.11 | 304.69 Cr. |
| Saraswati Saree Depot Ltd | 5.89 | 9.32 | 12.02% | 49.16 | 635.97 Cr. |
Note: The above peer comparison is provided for reference purposes to help investors evaluate Shree Balaji (Mala) Textiles Limited against similar listed companies. Investment decisions should also consider business model, growth prospects, IPO valuation, financial performance, and overall industry outlook.
Analysis
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Pvt. Ltd.
FAQ
Shree Balaji (Mala) Textiles IPO FAQs
Shree Balaji (Mala) Textiles IPO price band is Rs 66.00 to Rs 70.00. Check the latest issue price, lot size and GMP together before applying.
Shree Balaji (Mala) Textiles IPO open date is 22 Jul 2026, close date is 24 Jul 2026, and listing date is 29 Jul 2026.
Shree Balaji (Mala) Textiles IPO lot size is 2,000 shares. The minimum retail investment is Rs 2,80,000.
Shree Balaji (Mala) Textiles is classified as a SME IPO. This helps investors quickly understand the issue category and exchange segment.
Shree Balaji (Mala) Textiles IPO subscription status currently shows Retail 228.24x, QIB 113.55x, Overall 186.34x.
Shree Balaji (Mala) Textiles Limited is an ethnic apparel company primarily focused on the sale of women’s sarees under its distinctive brand, Mala. The company’s core business revolves around its main product specialisation, cotton sarees, alongside embroidery and fancy sarees. It generates revenue from operations through product sales and sales of services to a business-to-business-focused market. Strategically adopting an asset-light operating model, the company relies heavily on outsourcing, manufacturing approximately 95% of its products through an extensive network of independent third-party job workers. While the company maintains its own manufacturing facility in Jetpur, Gujarat, the majority of its production processes, such as bleaching, printing, and embellishments, are outsourced to these intermediaries. The business relies heavily on traditional distribution channels, serving a wide network of retailers, wholesalers, and dealers, with its primary revenue generation heavily concentrated within the Eastern India region.
Shree Balaji (Mala) Textiles IPO issue size is 18.90 and the expected allotment date is 27 Jul 2026.