Shree Balaji (Mala) Textiles IPO
Textiles • ₹19cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- SME listing with thinner post-listing liquidity
- A substantial portion of total revenue is highly concentrated on a single product segment …
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹22-24
Lot Size
2000 shares
Issue Size
₹19cr
Open
22 Jul 2026
Close
24 Jul 2026
Subscription
184×
GMP +₹56 → est. ₹80
IPO Schedule
| Issue Open Date | 22 Jul 2026 |
| Issue Close Date | 24 Jul 2026 |
| Allotment Date | 27 Jul 2026 |
| Listing Date | 29 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 454.2% 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.
- Experienced Promoters possessing deep domain knowledge to effectively scale up the business operations.
- Possession of a vast, versatile, and diversified product portfolio of sarees for women.
- Maintained long-standing operational relationships with a network of third-party job workers.
- Established business ability to procure fabric and material requirements in bulk quantities.
- Presence of a management team and an efficient operational team with established track records.
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
₹24
Listing Price
₹133
Listing Gain/Loss
+454.17%
Listing Date
29 Jul 2026
Price Since Listing
Returns are measured against the ₹24 issue price.
Listing
₹133
+454.2%
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FAQ
What is the price band of Shree Balaji (Mala) Textiles IPO?
The price band is ₹22-24 per share with a lot size of 2000 shares. Minimum investment: ₹48,000.
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 (+454.2% premium to the ₹24 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 454.2% 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.