Mala Saree Brand Owner Shree Balaji (Mala) Textiles Launches Rs 18.90 Crore SME IPO; Check Price Band, Dates and Key Details
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Shree Balaji (Mala) Textiles Limited has launched its Rs 18.90 crore IPO on the BSE SME platform through a 100 per cent fresh issue to fund working capital requirements and general corporate purposes
✨ Key Takeaways
Shree Balaji (Mala) Textiles Limited, the company behind the popular "Mala Saree" brand, has launched its Initial Public Offering (IPO) on the BSE SME platform. The Kolkata-based company is tapping the capital markets through a 100 per cent fresh issue of up to 27 lakh equity shares with a face value of Rs 10 each, aiming to raise Rs 18.90 crore. The IPO has been priced in the Rs 66 to Rs 70 per share band.
The proceeds from the fresh issue will be utilised towards meeting the company's working capital requirements and for general corporate purposes. The anchor investor bidding is scheduled for July 21, 2026, while the issue will open for public subscription on July 22, 2026, and close on July 24, 2026. GYR Capital Advisors Private Limited is the Book Running Lead Manager to the issue.
IPO Details
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Issue Structure
The IPO comprises 27 lakh equity shares, of which up to 1.36 lakh equity shares have been reserved for the Market Maker. The Anchor Investor portion comprises up to 7.64 lakh equity shares, while the Net Qualified Institutional Buyers (QIB) portion consists of up to 5.10 lakh equity shares. The Non-Institutional Investor (NII) category has been allocated not less than 3.90 lakh equity shares, and the Retail Individual Investor (RII) category not less than 9 lakh equity shares.
Competitive Strengths
Shree Balaji (Mala) Textiles has built a diversified supplier and customer base with long-standing business relationships across India. The company has an extensive distribution network serving brokers, wholesalers, dealers and retailers, while its flagship "Mala Saree" brand offers a broad portfolio of cotton sarees and women's ethnic wear. Its operations are supported by bulk procurement capabilities, warehousing infrastructure, an experienced promoter-led management team with over three decades of industry expertise, and a manufacturing network comprising more than 200 job workers across key textile hubs.
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Financial Performance
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About the Company
Incorporated in 2005 and promoted by the Kedia family, Shree Balaji (Mala) Textiles Limited is a Kolkata-based contract manufacturer and wholesaler of cotton sarees under its flagship "Mala Saree" brand. The company operates an integrated manufacturing model comprising an in-house facility in Jetpur, Gujarat, and a network of more than 200 job-work partners. It offers over 600 saree designs, with cotton sarees contributing 90.75 per cent of FY26 revenue. As of March 31, 2026, the company distributed its products across more than 20 states through a network of 100+ brokers, 13 dealers, 69 wholesalers and around 3,000 retailers, supported by the SOLV B2B e-commerce platform. Its operations are anchored by a 3,774 sq. ft. showroom in Kolkata and four warehouses.
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Disclaimer: The article is for informational purposes only and not investment advice.