Shree Balaji (Mala) Textiles IPO
Shree Balaji (Mala) Textiles IPO closed on 24 Jul 2026. Allotment 27 Jul 2026, listing 29 Jul 2026. Price band ₹66–₹70, lot 2000 shares, GMP +₹15 (21.43%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | SME · BSE |
| Price band | ₹66–₹70 |
| Lot size | 2000 shares |
| Minimum investment | ₹2,80,000 |
| Issue size | ₹18.9 Cr |
| GMP | +₹15 (21.43%) |
| Open date | 22 Jul 2026 |
| 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 an ethnic apparel company primarily focused on the sale of women’s sarees under its distinctive brand, Mala. The company’s core business revolves around its main product specialisation, cotton sarees, alongside embroidery and fancy sarees. It generates revenue from operations through product sales and sales of services to a business-to-business-focused market. Strategically adopting an asset-light operating model, the company relies heavily on outsourcing, manufacturing approximately 95% of its products through an extensive network of independent third-party job workers. While the company maintains its own manufacturing facility in Jetpur, Gujarat, the majority of its production processes, such as bleaching, printing, and embellishments, are outsourced to these intermediaries. The business relies heavily on traditional distribution channels…
Strengths
- 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.
Risks
- A substantial portion of total revenue is highly concentrated on a single product segment of cotton sarees.
- Operations are highly dependent on third-party job workers who manufacture approximately 95% of the products.
- Revenue generation is heavily concentrated in the Eastern India region, heightening exposure to regional risks.
- The company experienced negative cash flows from operating activities during the recent 2026 fiscal year.
- Business operations are dependent on a domestic market and subject to seasonal demand variations around regional festivals.