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InvestmentsIPOShree Balaji (Mala) Textiles IPO

Shree Balaji (Mala) Textiles IPO

SME

Open Date

22 Jul 2026

Close Date

24 Jul 2026

Min Investment

₹ 2,80,000

Lot Size

2,000

Issue Size

₹ 18.90 Cr

Price Range

₹ 66 - ₹ 70

Subscribed

190.8 x
Check Status
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
22 Jul 2026
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IPO Offer Ends
24 Jul 2026
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Allotment Finalisation
27 Jul 2026
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Refund Initialisation
28 Jul 2026
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Non-Institutional Buyers (sHNI)
28 Jul 2026
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Listing of Shares
29 Jul 2026
IPO Subscription Details as on 29 Jul 2026, 06:30 AM
Qualified Instituational Buyers (QiB)
113.55 x
Retail
210.2 x
Total
190.8 x
Non-Institutional Buyer (bHNI)
277.79 x
Non-Institutional Buyer (sHNI)
185.57 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Shree Balaji (Mala) Textiles Limited is a contract manufacturer and wholesaler of cotton sarees in India's B2B cotton sarees wholesale segment. The company operates through a network of approximately 105 brokers, 13 dealers, 69 wholesalers and 3000 retailers spread across Central, East, North, Northeast, South and West parts of India. The company manufactures approximately 95% of its products through job workers located in textile hubs like Jetpur, Mumbai, Kolkata, Rajkot and Surat, while also operating its own manufacturing facility in Jetpur, Gujarat. In Fiscal 2026, the company generated 90.75% revenue from cotton sarees sales with total revenue of ₹21,197.18 lakhs.
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Founded In

2005

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CEO

Anita Kedia

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DRHP

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Financials of Shree Balaji (mala) Textiles IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue195.54193.04211.97
Other Income0.350.390.43
Total Income
195.89193.44212.40
Total Expenses
192.60186.84204.47
Profit Before Tax3.296.597.93
Total Profit
2.464.955.85

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company intends to utilize the net proceeds to fund incremental working capital requirements as the business is predominantly working capital intensive and requires additional capital for growth. The funds will support inventory management, trade receivables, and operational cash flow requirements.17
The company plans to utilize a portion of the net proceeds for general corporate purposes to support overall business operations and strategic initiatives. The amount for general corporate purposes shall not exceed 15% of the gross amount raised or Rs 1,000 lakhs, whichever is less.-
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  • Diversified supplier and customer base: The company has developed long-standing relationships with manufacturers in hubs like Surat, Mumbai, Kolkata, Jetpur and Rajkot over three decades. Top 10 suppliers represented 47.83% of total purchases in Fiscal 2026, providing benefits in pricing, exclusivity in designs, and payment terms.
  • Wide Geographic presence: The company operates through a network of approximately 105 brokers, 13 dealers, 69 wholesalers and 3000 retailers as of March 31, 2026 spread across Central, East, North, Northeast, South and West parts of India with a dedicated sales team of 19 members.
  • Vast and versatile product portfolio for women: The company offers diverse saree products bifurcated by occasion, fabric, weave, pattern with 90.75% revenue from cotton sarees in Fiscal 2026. The company creates around 600+ varieties of sarees depending on trends, demand and occasions with average price of ₹270.
  • Ability to buy in bulk quantities: The company possesses capacity to procure products in large quantities due to wide customer base and operational cash flows. The Mala saree showroom spans 3774 sq. ft with 4 warehouses enabling consistent inventory availability and cost optimization.
  • Experienced Promoters and management team: Promoter Binod Kumar Kedia has over three decades of industry experience spanning manufacturing to marketing. The management team includes industry specialists with expertise in sales, marketing, technical support, R&D, supply chain, production, banking and finance.
  • Long Standing Relationship with job workers: The company manufactures through 200+ job workers located in Jetpur, Mumbai, Kolkata, Rajkot and Surat. Job work expenditure was ₹6,071.50 lakhs in Fiscal 2026 representing 28.64% of revenue from operations, with 95% of products manufactured through job workers.

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