Shree Balaji (Mala) Textiles IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00x | 1.00x | 113.55x |
| NII | 1.99x | 19.84x | 249.81x |
| bNII > ₹10L | 1.88x | 20.49x | 277.85x |
| sNII 2-10L | 2.22x | 18.54x | 193.71x |
| Retail | 5.22x | 32.00x | 227.73x |
| Total | 3.04x | 20.58x | 200.16x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 195.89 | 193.44 | 212.40 |
| Expense | 192.60 | 186.84 | 204.47 |
| Profit (PAT) | 2.46 | 4.95 | 5.85 |
| Total Assets | 127.51 | 138.88 | 148.64 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Shree Balaji (Mala) Textiles This IPO | 8.13 | - | 21.28 | 38.17 | - |
| 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 |
Promoters & Holding Pattern
Promoters: Binod Kumar Kedia, Anita Kedia, Shresth Kedia, and Mrityunjay Commosales Private Limited
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 72,05,000 | 100.00% |
Strengths & Risks
- Heavily oversubscribed — 200.2x overall (so far).
- Strong institutional (QIB) demand — 113.6x.
- Strong return on equity — 24%.
- Thin profit margin — 2.8%.
- Elevated leverage — debt/equity of 2.51.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Shree Balaji (Mala) Textiles
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.
Company Contact Information
Shree Balaji (Mala) Textiles Ltd., 65, Sir Hariram Goenka Street,, Ground Floor, Block-A, Bangur Arcade,, Kolkata, West Bengal, 700007
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding Working Capital Requirements | 16.50 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Shree Balaji (Mala) Textiles IPO - Quick Take
Shree Balaji (Mala) Textiles has set a price band of Rs 66–Rs 70 per share for an issue size of Rs 19 crore. The stock listed with a 90.00% gain versus its issue price on July 29, 2026.
The issue is promoted by Binod Kumar Kedia, Anita Kedia, Shresth Kedia, and Mrityunjay Commosales Private Limited with GYR Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards funding Working Capital Requirements (Rs 17 crore) and general Corporate Purpose.
On fundamentals, the company is posting revenue growth of 9.8%, a profit margin of 2.8%, return on equity of 23.8% in its most recent reported period. Listed peers in this segment include N R Vandana Tex Industries Limited (P/E 15.03x) and Saraswati Saree Depot Ltd (P/E 9.32x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Shree Balaji (Mala) Textiles IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 67.1%. Of the 32 SME IPOs we have tracked with a final GMP of 25% or more, 32 listed above, 0 flat and 0 below the issue price; Shree Balaji (Mala) Textiles listed 90% above its issue price.
See the full Shree Balaji (Mala) Textiles GMP history and trend, or learn how grey market premium works and how reliable it is.
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