Shree Balaji (Mala) Textiles IPO GMP, Date, Price Band & Review

Shree Balaji (Mala) Textiles IPO Details

Shree Balaji (Mala) Textiles IPO is a book-built issue of ₹18.90 crores, entirely a fresh issue of 0.27 crore shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 29, 2025.

The price band of the issue is set at ₹66 to ₹70 per share and the lot size for an application is 2,000 shares. The minimum amount of investment required by an individual investor is ₹2,80,000 (4,000 shares). The IPO will be open for subscription from July 22 to 24, 2026, on the BSE SME platform, with a tentative listing date fixed as July 29, 2026. The book-running lead manager of the issue is GYR Capital Advisors Private Limited, while the registrar of the offer is Kfin Technologies Limited.

Shree Balaji (Mala) Textiles IPO Date & Timeline

The Shree Balaji (Mala) Textiles IPO is officially set to open for subscription on Jul 22, 2026 and will close on Jul 24, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 29, 2025 and has now finalised its schedule following SEBI approval. Once the subscription window closes, an allotment is expected on Jul 27, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 28, 2026. Finally, shares of Shree Balaji (Mala) Textiles Ltd. are tentatively scheduled to list on the stock exchanges on Jul 29, 2026.

Shree Balaji (Mala) Textiles IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.


The Shree Balaji (Mala) Textiles IPO GMP is currently trading at ₹16, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹86, which is 22.86% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Shree Balaji (Mala) Textiles Ltd. was incorporated on September 30, 2005, as a private limited company in the active commercial hub of Kolkata, West Bengal. For two decades, the company has focused on building a niche in the textile industry. In March 2025, the company transformed from a private limited company to a public limited company to proceed with its public listing procedures.

Currently, the company is engaged in the manufacturing and wholesale of cotton sarees in India’s cotton saree wholesale B2B segment. They operate in B2B and focus on more than 10 dealers, 65 wholesalers and around 2300 retailers and their operations are spread across PAN India.

Operations & Product Range

Shree Balaji (Mala) Textiles Ltd. operates primarily in the B2B textile space. Its product range is focused on high-quality cotton sarees that cater to diverse regional preferences across India. The business model is built on an expansive distribution framework that ensures the products reach the end consumer through a multi-layered chain. As of FY25, the company’s distribution network comprised over 100 brokers, more than 10 specialised dealers, 65 wholesalers and a staggering 2,300 retailers; this network allows the company to connect with PAN India.

Facilities & Capacity

Shree Balaji (Mala) Textiles Ltd.'s primary focus is on the manufacturing and wholesale distribution of sarees, with its operational manufacturing unit based in Kolkata. The company leverages a B2B model in terms of selling its products, relying instead on its massive network of intermediaries to manage regional logistics and inventory. This strategy has allowed the company to keep overheads controlled while maximising the reach of the "Mala Saree" brand. The infrastructure is geared toward bulk production and rapid distribution, ensuring that the supply chain remains responsive to seasonal demand fluctuations in the textile market.

Revenue Streams & Business Model

The revenue model for Shree Balaji (Mala) Textiles Ltd. is driven by the consistent, high-volume sale of sarees to its B2B partners. By acting as both a manufacturer and a master distributor, the company captures a significant portion of the value chain. While the top-line revenue has remained stable, the company has focused heavily on operational efficiency, which is reflected in its bottom-line growth. The company’s ability to maintain these revenue levels in a competitive textile market demonstrates the strength of its existing distribution channel and the brand loyalty associated with the "Mala Saree" label.

Financial Performance

Shree Balaji (Mala) Textiles Ltd. shows consistent profitability despite slight top-line contractions. In FY25, revenue from operations was reported at ₹193.04 crore, down 1.28% from ₹195.54 crore in FY24, reflecting a marginal negative growth, but then in FY26, the company suddenly jumped to ₹212.40 crore. However, EBITDA improved significantly to ₹15.50 crore in FY26 compared to ₹13.28 crore in FY25. Driven by enhanced operational efficiencies and reduced expenses, the Profit After Tax (PAT) experienced strong growth, ₹5.85 crore in FY26 in comparison to ₹4.95 crore in FY25.

Management & Shareholding

The promoters of Shree Balaji (Mala) Textiles Ltd. are Binod Kumar Kedia, Anita Kedia, Shresth Kedia and Mrityunjay Commosales Private Ltd. Before the IPO, the promoters held a 96.67% stake and the promoter group held a 3.33% stake in the company, but after the IPO, the promoters' and promoter group's shareholding will be slightly diluted, as the offering is entirely a fresh issue of 27 lakh equity shares for the public to join.

Board & Key Management

The leadership of Shree Balaji (Mala) Textiles Ltd. is led by a team of experts with many years of experience. Binod Kumar Kedia serves as the Chairman & Managing Director and gives strategic direction to the firm, also handles the daily operations, along with Whole-Time Director Anita Kedia. To ensure good governance, the board includes Independent Directors Manoj Baid and Gautam Dugar for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.