Shree Balaji (Mala) Textiles
OPENIPO Date: 22 Jul - 24 Jul 2026
Listing Date: 29 Jul 2026
Price Range
₹66 to ₹70
Issue Size
19 Cr
Min Investment
₹1,32,000
Lot Size
2000 Shares
Schedule of Shree Balaji (Mala) Textiles
Issue open date
22 Jul 2026
Issue close date
24 Jul 2026
UPI mandate deadline
24 Jul 2026 (5 PM)
Allotment finalization
27 Jul 2026
Share credit
28 Jul 2026
Listing date
29 Jul 2026
Mandate end date
8 Aug 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 19 Cr |
| Fresh Issue | 0.27 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 27 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 21 Jul 2026 | ₹70 | ₹15 | ₹85 (21.43%) |
| 20 Jul 2026 | ₹70 | ₹13 | ₹83 (18.57%) |
| 19 Jul 2026 | ₹70 | ₹11 | ₹81 (15.71%) |
| 18 Jul 2026 | ₹70 | ₹19 | ₹89 (27.14%) |
| 17 Jul 2026 | ₹70 | ₹19 | ₹89 (27.14%) |
| 16 Jul 2026 | ₹70 | ₹19 | ₹89 (27.14%) |
Performance Shree Balaji (Mala) Textiles
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹66 to ₹70 | .... | .... | .... |
About Shree Balaji (Mala) Textiles
Shree Balaji (Mala) Textiles Limited is an ethnic apparel company engaged in the manufacturing and wholesale distribution of women's sarees under its flagship "Mala" brand. The company specializes primarily in cotton sarees, while also offering embroidery and fancy sarees through a B2B business model. It follows an asset-light strategy by outsourcing around 95% of its manufacturing to third-party job workers, while operating its own manufacturing facility in Jetpur, Gujarat. Its products are sold through a broad network of brokers, wholesalers, dealers, and retailers, with a significant portion of revenue generated from Eastern India.
| Founded in | 2005 |
| Managing director | Binod Kumar Kedia |
| Parent organization |
Financial Overview
Strengths
- Strong and established "Mala" brand in the cotton saree segment.
- Asset-light business model reduces capital expenditure and improves scalability.
- Extensive distribution network comprising brokers, wholesalers, dealers, and thousands of retailers across India.
- Experienced promoter group with over three decades of industry experience in the saree business.
Risks
- Heavy dependence on third-party job workers for manufacturing may affect quality control and timely deliveries.
- Significant revenue concentration in the Eastern India market increases regional business risk.
- Product portfolio is largely concentrated in cotton sarees, limiting diversification.
- Highly competitive textile and ethnic wear industry with pricing pressure from organized and unorganized players.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |