Shree Balaji Mala Textiles' upcoming SME IPO is generating significant investor interest, with the grey market premium (GMP) trading at a robust 27% over the upper price band as of July 17. According to data from Investorgain and IPO Watch, the unlisted shares are commanding a healthy premium of ₹19, translating to an overall listing gain of 27% ahead of the public issue opening on July 22, 2026. This strong GMP reflects positive market sentiment towards the Kolkata-based textile player's debut on the BSE SME platform.
Shree Balaji Mala Textiles, a Kolkata-based contract manufacturer and wholesaler of cotton sarees, is set to launch its maiden public issue on July 22, 2026. The company is offering 27 lakh shares at the upper end of the price band of ₹66-70 per share, aiming to raise ₹18.9 crore. The IPO will close on July 24, 2026, while the anchor book will be launched for a day on July 21, 2026. The company will list on the BSE SME platform and the book running lead manager appointed is GYR Capital Advisors. As per Moneycontrol and latest reports, the IPO is entirely a fresh issue with no offer-for-sale component, with the company utilizing ₹16.5 crore of net proceeds for working capital requirements and the remainder for general corporate purposes.
According to reports from Moneycontrol, Shree Balaji Mala Textiles has demonstrated strong financial growth in the fiscal year ended March 2026. The company reported a 18.4% growth in profit at ₹5.85 crore compared to ₹4.9 crore in the previous year. Revenue during the same period rose 9.8% to ₹212 crore from ₹193 crore. The company operates with a manufacturing facility in Jetpur, Gujarat and generates approximately 90% of its revenue from the sale of cotton sarees through the Mala Saree brand.
As reported by Moneycontrol, the company has established a comprehensive distribution network across India. It sells products under the Mala Saree brand through a network of more than 105 brokers, 13 dealers, 69 wholesalers and approximately 3,000 retailers in the country. The company gets nearly all its revenue from Mala Saree sales through this extensive network of brokers and thousands of retailers across India. Incorporated in 2005, Shree Balaji Mala Textiles Limited is engaged in the manufacturing and wholesale distribution of high-quality cotton sarees in India's B2B cotton saree segment, based in West Bengal.
The company's shares are scheduled to list on the BSE SME platform on July 29, 2026, following the completion of the IPO process. This timeline provides investors with a clear roadmap for the company's public market debut and trading commencement on the exchange. The B2B saree manufacturer, which operates a manufacturing facility in Jetpur, Gujarat, generates approximately 90% of its revenue from the sale of cotton sarees under its brand "Mala Saree."
