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Shree Balaji (Mala) Textiles IPO - Company Analysis
Shree Balaji (Mala) Textiles IPO, under the SME IPO category, is a book-built issue of Rs. 18.90 Cr by Shree Balaji (Mala) Textiles Limited, which is engaged in the production and wholesale distribution of premium cotton sarees in West Bengal, India's B2B cotton saree market. The business sells its goods under the "Mala Saree" brand, which offers a variety of designs and styles to suit the varied tastes of Indian consumers.
The business distributes goods across a vast network using a business-to-business (B2B) business model. Its distribution network covers Central, East, North, Northeast, South, and West India, enabling effective product reach and broad market coverage.
Product Line:
Sarees: The company provides a wide range of products to different market segments, including sarees made of various fabrics that are distinguished by weaving, patterns, and decoration.
Shree Balaji (Mala) Textiles IPO Details
The Shree Balaji (Mala) Textiles IPO date of opening is 22 Jul 2026; its initial public offering will end on 24 Jul, IPO allotment on Jul 27 and refund initiation on Jul 28, 2026.
The Rs. 18.90 crore new SME IPO comprises a wholly fresh issue of 0.27 crore shares.
The Shree Balaji (Mala) Textiles IPO listing date (expected) might be Wednesday, Jul 29, 2026, and the listing on the BSE and SME.
The Shree Balaji (Mala) Textiles IPO price band is Rs. 66 to Rs. 70.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Jul 22, 2026 |
|
IPO Closing Date |
Jul 24, 2026 |
|
IPO Allotment Date |
Jul 27, 2026 |
|
Refund Initiation |
Jul 28, 2026 |
|
IPO Listing Date |
Jul 29, 2026 |
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Company Financials (Restated)
(Amount in Cr)
|
Particulars |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Assets |
148.64 |
138.88 |
127.51 |
|
Total Income |
212.40 |
193.44 |
195.89 |
|
Profit After Tax |
5.85 |
4.95 |
2.46 |
|
EBITDA |
15.50 |
13.20 |
10.23 |
|
Net Worth |
27.51 |
21.65 |
16.70 |
|
Reserves and Surplus |
20.30 |
20.93 |
15.98 |
|
Total Borrowing |
69.08 |
48.75 |
51.37 |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2026 |
31 Mar 2025 |
31 Mar 2024 |
|
Net Cash Flow Operating Activities |
(1,326.52) |
880.11 |
400.32 |
|
Net Cash Flow Investing Activities |
10.32 |
(21.53) |
0.12 |
|
Net Cash Flow Financing Activities |
1,309.37 |
(885.49) |
(346.13) |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The Company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding working capital requirements of the Company. ~Rs. 16.50 Cr.
- General Corporate Purposes.
Listed Peers of Shree Balaji (Mala) Textiles Ltd.
|
Name of Company |
Face Value (₹) |
Basic & Diluted EPS (₹) |
PE Ratio (x) |
|
N R Vandana Tex Industries Limited |
10 |
4.73 |
15.03 |
|
Saraswati Saree Depot Ltd |
10 |
5.89 |
9.32 |
Evaluation of P/E Ratio
Considering the period ended on FY 2026 with an EPS of Rs. 8.13 from the last year, the resulting P/E ratio is 8.61x.
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IPO's Strengths
- Diversified supplier and customer base
- Vast and versatile product portfolio for women
- Ability to buy in bulk quantities
- Experienced Promoters and management team.
IPO's Weaknesses
- Dependence on saree segment.
- Reliance on brand reputation.
- Dependence on third-party production partners.
Shree Balaji (Mala) Textiles IPO GMP
Shree Balaji (Mala) Textiles IPO GMP today is Rs. 13 as of 20 July 2026, while writing this information.
Shree Balaji (Mala) Textiles IPO Summary
|
IPO Opening & Closing Date |
22 Jul, 2026 to 24 Jul, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 66 to Rs. 70 per Share. |
|
Lot Size |
2000 Shares |
|
Issue Size |
27,00,000 Shares (Rs. 19 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
25,64,000 Shares (Rs. 18 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild Issue |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (4000 Shares) for Rs. 2,80,000, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (6000 Shares) for Rs. 4,20,000.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Shree Balaji (Mala) Textiles IPO Allotment Status
To check the Shree Balaji (Mala) Textiles IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Shree Balaji (Mala) Textiles Ltd.
- Binod Kumar Kedia
- Anita Kedia
- Mrityunjay Commosales Pvt. Ltd.
|
Pre-Issue Promoter Shareholding |
100% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
- GYR Capital Advisors Pvt. Ltd.
Dividend Policy
The company has not declared a dividend during the last three FYs.
Conclusion
Shree Balaji (Mala) Textiles IPO offers attractive valuation, improving profitability, a diversified product range, and funds primarily directed toward working capital needs. However, negative operating cash flow, rising borrowings, dependence on the saree segment, and third-party manufacturers remain key risks.
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Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
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