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Shree Balaji Mala IPO
Price Band
₹66.0–70.0
Issue Size
₹18.9 Cr
Lot Size
2,000 shares
Min Investment
₹280,000
2 LOTS MIN
GMP
+₹56.0 (80.0%)
Issue Price
₹70.0
Subject to Sauda
₹85100
Paid only if allotted
Shree Balaji Mala IPO AI Summary
- Shree Balaji Mala IPO is listed on BSE SME in the Other Textile Products sector.
- Price band: ₹66.0–₹70.0 per share, lot size 2,000 shares (min. investment ₹280,000, 2 lots minimum).
- Subscription window: 23 Jul–24 Jul 2026, listing on 29 Jul 2026.
- Current GMP is +₹56.0 (80.0%), an estimated listing price of ₹126 — unofficial and can change daily.
Shree Balaji (Mala) Textiles Ltd. is set to launch its IPO with a strong subscription response and a competitive pricing strategy. The company has shown positive trends in revenue and profit, supported by a robust distribution network and a focus on quality.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Overall Subscription
200.34x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
113.55x
|
114x 🔥 |
| NII (HNI) |
249.47x
|
249x 🔥 |
| ↳ bNII (>₹10L) |
277.33x
|
277x 🔥 |
| ↳ sNII (<₹10L) |
193.75x
|
194x 🔥 |
| Retail (RII) |
228.24x
|
228x 🔥 |
| Total | 200.34x | 200.34x |
Auto-updated every 5 min · As of 24th Jul 2026 18:56
Shree Balaji Mala IPO Grey Market Premium (GMP) Today
GMP
+₹56.0
GMP %
+80.0%
Est. Listing
₹126.0
Updated: 29 Jul 2026 07:30
GMP Trend (Last 13 Days)
About the Company
Shree Balaji (Mala) Textiles Limited is primarily engaged in the manufacturing and wholesale trading of cotton sarees, serving the Business-to-Business (B2B) textile market across India. The company markets its products under the well-recognized “Mala Saree” brand, offering an extensive collection of cotton sarees featuring diverse patterns, designs, and styles to cater to varying customer preferences. The company has established a robust distribution network that facilitates the supply of its products across multiple regions of the country. As of March 31, 2025, its network comprised more than 100 brokers, 10 dealers, 65 wholesalers, and approximately 2,300 retailers. This widespread presence enables the company to effectively serve customers across North, South, East, West, Central, and Northeast India. Its manufacturing facility is situated in Jetpur, Gujarat, and spans approximately 9–14 gunthas of land. The facility is equipped with the necessary infrastructure to produce a broad range of cotton sarees in various fabric qualities, colors, and design combinations. Through a focus on product quality, evolving fashion trends, and competitive pricing, the company has built a strong position within India's organized cotton saree industry.
Company Financials (₹ Cr)
As of 2026-03-31
| 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 |
| 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 |
Key Ratios
EPS
₹8.13
NAV
₹30.05
P/B Value
2.33
P/E Ratio
8.62
Market Cap
₹69.33 Cr
PAT Margin
2.56%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Saraswati Saree Depot Limited | 49.16 | 12.02% | 9.32 | 5.89 | 5.89 |
| N R Vandana Tex Industries Limited | 31.11 | 14.43% | 15.03 | 4.73 | 4.73 |
| Shree Balaji (Mala) Textiles Ltd. This IPO | 38.17 | 21.28% | — | 8.13 | 8.13 |
Promoters
Binod Kumar Kedia, Anita Kedia, Mrityunjay Commosales Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding working capital requirements of the Company 16.50 2 General Corporate Purposes Total 16.50
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹195.89 Cr in the year ending 31 Mar 2024, slightly declining to ₹193.44 Cr by 31 Mar 2025, before increasing to ₹212.40 Cr by 31 Mar 2026. This shows a recovery in revenue in the most recent period.
Profit Trend
Profit After Tax was ₹2.46 Cr for the year ending 31 Mar 2024, rising to ₹4.95 Cr by 31 Mar 2025, and further increasing to ₹5.85 Cr by 31 Mar 2026. This indicates a positive trend in profitability over the periods.
Valuation
Shree Balaji (Mala) Textiles Ltd. has an EPS of ₹8.13, which implies a P/E ratio of 8.62 at the issue price. This is priced at roughly 8.62 trailing earnings, versus peers trading at P/E ratios ranging from 9.32 to 15.03.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for the shares before they are officially listed. A higher GMP suggests strong demand, while a lower GMP indicates weaker interest.
Subscription Demand
As of 24th July 2026, the IPO has received a total subscription of 200.34 times. The breakdown includes QIBs at 113.55 times, NIIs at 249.47 times, and Retail investors at 228.24 times, indicating strong interest across all categories.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and market conditions. It's important to consider the company's fundamentals and market position.
Who May Want to Wait
Investors averse to high volatility or those who prefer stable, established companies might consider avoiding this IPO. It's essential to assess personal risk tolerance before investing.
IPO Timeline, Explained
The IPO opens on 23rd July 2026 and closes on 24th July 2026. Allotment of shares will be done on 27th July 2026, and the shares are expected to be listed on 29th July 2026.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed, and market conditions can lead to fluctuations in stock prices post-listing.
This evaluation is generated from Shree Balaji Mala's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shree Balaji Mala IPO GMP today?
Shree Balaji Mala IPO GMP today is +₹56.0 (80.0%), indicating an estimated listing price of ₹126. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shree Balaji Mala IPO?
The price band of Shree Balaji Mala IPO is ₹66.0–₹70.0 per share.
When does Shree Balaji Mala IPO open and close?
Shree Balaji Mala IPO opens on 23 July 2026 and closes on 24 July 2026.
When does Shree Balaji Mala IPO list on the stock exchange?
Shree Balaji Mala IPO listed on 29 July 2026 at ₹126.0.
What is the lot size for Shree Balaji Mala IPO?
The lot size for Shree Balaji Mala IPO is 2000 shares, requiring a minimum investment of ₹280,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹66.0 to ₹70.0.
What is the minimum investment required?
The minimum investment required is ₹2,80,000.
What is the lot size for the IPO?
The lot size for the IPO is 2000 shares.
When is the listing date for the shares?
The shares are expected to be listed on 29th July 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Anchor Investors
₹10.0 Cr
Total allocated
Anchor allocation date: 23 Jun 2026
SBI Mutual Fund
HDFC Mutual Fund
Axis Mutual Fund
Nippon India MF
DSP MF
⚠️ Lock-in: 50% of anchor shares unlock 30 days after listing. Watch for selling pressure around that date.
Lead Managers / Book Running
IPO Timeline
Open
23 Jul 2026
Close
24 Jul 2026
Allotment
27 Jul 2026
Listing
29 Jul 2026
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