Shree Balaji Mala Textiles IPO
Textiles • ₹18.9 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹70
Lot Size
2000 shares
Issue Size
₹18.9 Cr
Open
22 Jul 2026
Close
24 Jul 2026
Subscription
184×
IPO Schedule
| Issue Open Date | 22 Jul 2026 |
| Issue Close Date | 24 Jul 2026 |
| Allotment Date | 27 Jul 2026 |
| Listing Date | 28 Jul 2026 |
About Shree Balaji Mala Textiles
Shree Balaji (Mala) Textiles Limited is a contract manufacturer and wholesaler of cotton sarees operating in India’s B2B cotton saree market. The company primarily manufactures and sells cotton sarees under its own brand, “Mala Saree,” with cotton sarees contributing the majority of its revenue. Its product portfolio includes multiple saree designs, and the company supplies its products through a network of brokers, dealers, wholesalers, and retailers across different regions of India. Manufacturing is carried out through a combination of the company’s own facility and third-party job workers, with most production undertaken through job work arrangements. The company operates a manufacturing facility at Jetpur, Gujarat, while leveraging the textile ecosystem in the region through contract manufacturing. Founded as a trading business in the 1990s, the company transitioned to manufacturing, incorporated as a private limited company in 2005, and converted into a public limited company in 2025.
Company Details
Founders / Promoters
Mr Binod Kumar Kedia
Founded
2005
Registrar
KFin Techologies Ltd
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Shree Balaji Mala Textiles — IPOFins Verdict
QuantitativeDriven by QIB demand at 113.5x and moderate disclosed risk (5/10), Shree Balaji Mala Textiles listed at a premium of 90.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company has been engaged in the cotton saree business for over three decades through its promoters. It claims to have developed long-standing relationships with suppliers, weavers, brokers, dealer
- The company operates a pan-India B2B distribution network for its products. As of March 31, 2026, it sold its products through a network of over 105 brokers, 13 dealers, 69 wholesalers, and around 3,0
- The company claims to have an asset-light manufacturing model supported by an established job worker network. Around 95% of its products are manufactured through job workers, and it has worked with mo
- The company offers a diversified portfolio of women’s sarees, with cotton sarees contributing the majority of its revenue. Its product catalogue includes multiple designs across different occasions, f
- The company claims to have warehousing and showroom infrastructure to support inventory management. It operates a 3,774 sq. ft. showroom in Kolkata’s textile market along with four nearby warehouses t
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.0
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +1.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹70
Listing Price
₹133
Listing Gain/Loss
+90.00%
Listing Date
28 Jul 2026
Price Since Listing
Returns are measured against the ₹70 issue price.
Listing
₹133
+90.0%
1 Week
₹114.04
+62.9%
Current
₹102.95
+47.1%
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FAQ
What is the price band of Shree Balaji Mala Textiles IPO?
The price band is ₹70 per share with a lot size of 2000 shares. Minimum investment: ₹1,40,000.
What does Shree Balaji Mala Textiles do?
Shree Balaji (Mala) Textiles Limited is a contract manufacturer and wholesaler of cotton sarees operating in India’s B2B cotton saree market. The company primarily manufactures and sells cotton sarees under its own brand, “Mala Saree,” with cotton sarees contributing the majority of its revenue. Its product portfolio includes multiple saree designs, and the company supplies its products through a network of brokers, dealers, wholesalers, and retailers across different regions of India. Manufacturing is carried out through a combination of the company’s own facility and third-party job workers, with most production undertaken through job work arrangements. The company operates a manufacturing facility at Jetpur, Gujarat, while leveraging the textile ecosystem in the region through contract manufacturing. Founded as a trading business in the 1990s, the company transitioned to manufacturing, incorporated as a private limited company in 2005, and converted into a public limited company in 2025.
Should I apply for Shree Balaji Mala Textiles IPO?
Shree Balaji Mala Textiles listed at ₹133 (+90.0% premium to the ₹70 issue price) after 184.3x subscription. IPOFins Score 9/10: Driven by QIB demand at 113.5x and moderate disclosed risk (5/10), Shree Balaji Mala Textiles listed at a premium of 90.0% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Shree Balaji Mala Textiles?
Shree Balaji Mala Textiles was founded by Mr Binod Kumar Kedia in 2005.