2 months ago
Shree Balaji Textiles Launches Rs 18.90 Crore IPO
Shree Balaji (Mala) Textiles Limited, known for its 'Mala Saree' brand, is launching an IPO to raise Rs 18.90 crore.
The company, which makes and sells cotton sarees, will use the money for its business needs.
The IPO will be open from July 22 to July 24, 2026, with shares priced between ₹66 and ₹70.
The company has a wide network of suppliers, customers, and a strong distribution system across India.
It has been in business for over three decades and offers more than 600 types of sarees.
Shree Balaji (Mala) Textiles Limited is launching an IPO to raise Rs 18.90 crore.
The IPO will be open from July 22 to July 24, 2026, with a price band of ₹66 – ₹70 per share.
Proceeds will be used for working capital and general corporate purposes.
The company has a diversified supplier and customer base with a pan-India distribution network.
Shree Balaji Textiles offers over 600 varieties of saree designs, primarily cotton sarees.
- Who
- Shree Balaji (Mala) Textiles Limited
- What
- Launch of Rs 18.90 crore IPO on BSE SME platform
- Where
- India
- When
- July 22-24, 2026
- Why
- To raise funds for working capital and general corporate purposes
Investor Perspective
Company Perspective
IPO Utilization
Investor Perspective
Investors expect the funds to be used efficiently for working capital and corporate purposes.
Company Perspective
The company plans to utilize the proceeds for working capital requirements and general corporate purposes.
Key facts
- Company Name
- Shree Balaji (Mala) Textiles Limited
- Brand
- Mala Saree
- IPO Size
- Rs 18.90 crore
- Price Band
- ₹66 – ₹70 per share
- Issue Opening Date
- July 22, 2026
- Issue Closing Date
- July 24, 2026
- Anchor Investor Date
- July 21, 2026
- Book Running Lead Manager
- GYR Capital Advisors Private Limited
Sources
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