The initial public offerings of Shree Balaji Mala Textiles Ltd have officially hit the Indian primary market today, with bidding remaining open until 24 July 2026. According to reports from The Economic Times, the company's management has declared the IPO price band at ₹66 to ₹70 per share, with the company aiming to raise ₹18.90 crore from this initial offer through the issuance of 27 lakh fresh equity shares. The bookbuilding issue is proposed for listing on the BSE SME platform. The IPO opens today (July 22, 2026) and closes on July 24, 2026, with listing scheduled for July 29, 2026.
Ahead of the BSE SME IPO opening, the company's shares are available in the grey market at a premium of ₹21.43 today, as reported by The Economic Times. Market observers noted that the Shree Balaji Mala Textiles IPO GMP has surged from ₹14 to ₹21.43 in the last three days, indicating growing investor interest in the offering. However, investors should note that the GMP is an unofficial indicator based on unregulated market activity and should not be considered a guaranteed measure of listing performance.
The public issue allows bidders to apply in lots, with one lot comprising 2,000 company shares. According to The Economic Times, retail investors need to apply for a minimum of 4,000 shares, translating into an investment of ₹2.8 lakh at the upper price band. The finalisation of share allocation is expected on 27 July 2026, though in case of any delay due to Saturday falling on 25 July, the allocation may be completed on 27th July 2026. The BSE SME IPO is expected to list on 29 July 2026.
The IPO is being managed by established financial services firms, with GYR Capital Advisors Pvt. Ltd. as the book-running lead manager and KFin Technologies Ltd. as the registrar, as reported by The Economic Times. Mansi Share & Stock Broking Pvt. Ltd. has been appointed as the market maker. Additionally, the company successfully raised ₹5.35 crore from anchor investors ahead of the public issue, with the anchor book opening on July 21, 2026, providing an early boost to the IPO. The company's P/E ratio stands at 13.44 with Revenue of ₹30.68 crore.
Shree Balaji Mala Textiles operates through an extensive pan-India distribution network comprising more than 105 brokers, 13 dealers, 69 wholesalers and around 3,000 retailers as of March 31, 2026, spanning Central, East, North, Northeast, South and West India. The company offers a diversified portfolio of sarees including cotton sarees, embroidered sarees and fancy sarees, with an average selling price of approximately ₹270 serving consumers across low, mid and premium price categories. As of July 15, 2026, the company employed 47 permanent employees along with an average of five daily wage workers. The company's Profit After Tax (PAT) increased to ₹5.85 crore in FY26 from ₹4.95 crore in the previous year, marking an 18.2% growth.
