Shree Balaji (Mala) Textiles IPO: Price Band, Lot Size, Financials & Review
Shree Balaji (Mala) Textiles IPO listed on BSE on Wed, 29 Jul 2026. The issue was subscribed 200.42x overall.
- Open Date
- 22 Jul 2026
- Close Date
- 24 Jul 2026
Last updated
- Price band
- ₹66 – ₹70
- Lot size
- 2,000 shares
- Min. investment
- ₹2,80,000
- Issue size
- ₹19 Cr
- Last GMP
- +₹56
- Subscribed
- 🔥 200.42x
Shree Balaji (Mala) Textiles IPO details
Shree Balaji (Mala) Textiles IPO is a ₹19 Cr book-building IPO on the SME segment, listing on BSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Wed, 22 Jul 2026 to Fri, 24 Jul 2026. Allotment was finalised on Mon, 27 Jul 2026, and the shares listed on BSE on Wed, 29 Jul 2026.
The price band is ₹66 to ₹70 per share and the lot size is 2000 shares, so the minimum retail application is ₹2,80,000. Retail investors can apply for up to 2 lots (4,000 shares, ₹2,80,000).
KFin Technologies Limited is the registrar, and GYR Capital Advisors Private Limited is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Shree Balaji (Mala) Textiles IPO GMP before listing was +₹56 (+80.00% against the upper price band of ₹70), implying an estimated listing price of ₹126. Across 10 days of tracking, GMP ranged from +₹13 (20 Jul) to +₹56 (29 Jul).
| Last GMP | +₹56 |
|---|---|
| GMP vs upper band | +80.00% |
| Estimated listing price | ₹126 |
| Highest (29 Jul) | +₹56 |
| Lowest (20 Jul) | +₹13 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Shree Balaji (Mala) Textiles IPO day-wise GMP.
Subscription
Day-wise subscription →Shree Balaji (Mala) Textiles IPO was subscribed 200.42x overall: QIB 113.55x, NII 249.82x and retail 228.24x.
| Category | Subscribed |
|---|---|
| QIB | 113.55x |
| NII | 249.82x |
| └ bNII (above ₹10 lakh) | 277.85x |
| └ sNII (₹2–10 lakh) | 193.75x |
| Retail | 228.24x |
| Total | 200.42x |
Final figures at the close of bidding on 24 Jul 2026. Category-wise bids, application-wise breakup and allotment chances are on the Shree Balaji (Mala) Textiles IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 5,10,000 | 28.33% |
| Non-Institutional | 3,90,000 | 21.67% |
| └ BNII | 2,60,000 | 14.44% |
| └ SNII | 1,30,000 | 7.22% |
| Retail Investors | 9,00,000 | 50.00% |
| Total | 18,00,000 | 100.00% |
Shree Balaji (Mala) Textiles IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,80,000 |
| Retail (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹70, the issue is priced at 8.62x pre-issue earnings and 11.84x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 12.18x (2 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹8.13 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 8.62x |
| EPS (post-issue) EPS on the enlarged share capital | ₹5.91 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 11.84x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 0.00% |
Shree Balaji (Mala) Textiles Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹193.44 Cr to ₹212.4 Cr, and profit after tax rose from ₹4.95 Cr to ₹5.85 Cr. The PAT margin for 31 Mar 2026 was 2.75%.
| Period ended | 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 |
| Net Worth | 27.51 | 21.65 | 16.70 |
| Reserve & Surplus | 20.30 | 20.93 | 15.98 |
| Total Borrowings | 69.08 | 48.75 | 51.37 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 23.82 | 25.79 | 15.87 |
| ROCE % | 15.65 | 18.17 | 14.41 |
| Debt / Equity | 2.51 | 2.25 | 3.08 |
| RoNW % | 21.28 | 22.84 | 14.70 |
| Pat Margin % | 2.76 | 2.56 | 1.26 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Shree Balaji (Mala) Textiles Ltd | 10 | — | 8.13 | 8.13 | 21.28% | 38.17 |
| N R Vandana Tex Industries Ltd | 10 | 15.03 | 4.73 | 4.73 | 14.43% | 31.11 |
| Saraswati Saree Depot Ltd | 10 | 9.32 | 5.89 | 5.89 | 12.02% | 49.16 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Funding Working Capital Requirements |
| 2 | General Corporate Purposes |
About Shree Balaji (Mala) Textiles Limited
Incorporated in 2005, Shree Balaji (Mala) Textiles Limited is a leading manufacturer and wholesale distributor of premium-quality cotton sarees in India's B2B textile market. The company operates under its flagship brand, "Mala Saree," offering an extensive collection of cotton sarees featuring diverse designs, patterns, and fabric variations to cater to the evolving preferences of customers across the country.
The company follows a robust Business-to-Business (B2B) business model, supplying its products through a well-established distribution network. As of March 31, 2025, its network comprised more than 100 brokers, 10 dealers, 65 wholesalers, and approximately 2,300 retailers. This extensive reach enables the company to effectively serve customers across Central, Eastern, Northern, Northeastern, Southern, and Western India.
Shree Balaji (Mala) Textiles Limited operates a dedicated manufacturing facility in Jetpur, Gujarat, spread across approximately 9–14 gunthas. The facility is equipped with modern production capabilities that support the manufacturing of a wide range of cotton sarees in various designs, colors, and fabric specifications.
Driven by a commitment to quality, design innovation, affordability, and customer satisfaction, the company has established a strong presence in the organized saree segment. Its focus on delivering fashionable and value-driven products has helped build a trusted brand identity and a growing customer base across India.
Promoters
- Mr. Binod Kumar Kedia
- Ms. Anita Kedia
- M/s Mrityunjay Commosales Pvt Ltd
Contact details
Shree Balaji (Mala) Textiles Ltd. Address
65, Sir Hariram Goenka Street,
Ground Floor, Block-A, Bangur Arcade,
Kolkata, West Bengal, 700007
Tel.: +91 8910014345
Email-id: cs@malasaree.com
Website:http://www.malasaree.com/
Shree Balaji (Mala) Textiles IPO FAQs
- What is the Shree Balaji (Mala) Textiles IPO price band?
- The Shree Balaji (Mala) Textiles IPO price band is ₹66 to ₹70 per share.
- What is the Shree Balaji (Mala) Textiles IPO lot size and minimum investment?
- The Shree Balaji (Mala) Textiles IPO lot size is 2000 shares. The minimum retail investment is ₹2,80,000 for one lot at the upper price band. Retail investors can apply for up to 2 lots (4,000 shares), costing ₹2,80,000.
- When was Shree Balaji (Mala) Textiles IPO open for subscription?
- Shree Balaji (Mala) Textiles IPO was open for subscription from Wed, 22 Jul 2026 to Fri, 24 Jul 2026.
- What is the Shree Balaji (Mala) Textiles IPO subscription status?
- Shree Balaji (Mala) Textiles IPO was subscribed 200.42x overall: QIB 113.55x, NII 249.82x and retail 228.24x. Day-wise and category-wise figures are on the subscription page.
- What was the Shree Balaji (Mala) Textiles IPO GMP before listing?
- The last Shree Balaji (Mala) Textiles IPO GMP before listing was +₹56 (+80.00% against the upper price band of ₹70), implying an estimated listing price of ₹126. Across 10 days of tracking, GMP ranged from +₹13 (20 Jul) to +₹56 (29 Jul). GMP is an unofficial grey market indicator and can change quickly.
- What is the Shree Balaji (Mala) Textiles IPO allotment date?
- The Shree Balaji (Mala) Textiles IPO basis of allotment was finalised on Mon, 27 Jul 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Shree Balaji (Mala) Textiles IPO listing date?
- Shree Balaji (Mala) Textiles IPO listed on BSE on Wed, 29 Jul 2026.
- Is the Shree Balaji (Mala) Textiles IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Shree Balaji (Mala) Textiles IPO?
- The registrar for the Shree Balaji (Mala) Textiles IPO is KFin Technologies Limited, and the book running lead manager is GYR Capital Advisors Private Limited.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.