Shree Balaji (Mala) Textiles IPO

About Shree Balaji (Mala) Textiles IPO

The Shree Balaji (Mala) Textiles IPO, an SME IPO, opens on Wednesday, July 22, 2026 and closes on Friday, July 24, 2026. The allotment of shares will take place on Monday, July 27, 2026. The credit of shares to the demat account will take place on Tuesday, July 28, 2026. The initiation of refunds will take place on Tuesday, July 28, 2026. The listing of shares will take place on Wednesday, July 29, 2026.

The equity shares of the company are proposed to be listed on the BSE SME platform. The offer consists of a fresh issue component. The fresh issue will include 27,00,000 shares aggregating up to ₹18.90 crores.

Shree Balaji (Mala) Textiles IPO's price band is set at ₹66 to ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by a retail investor is ₹2,80,000 (4,000 shares) (based on upper price).

The Company is a contract manufacturer and wholesaler of cotton sarees operating in India's B2B cotton saree wholesale segment under its own brand "Mala Saree".

Objectives of Shree Balaji (Mala) Textiles IPO

• Funding the working capital requirements of the company.
  
• General corporate purposes.
  

Industry Outlook

India's textile industry is among the country's oldest. It spans hand-woven clusters to capital-intensive mills, supported by fibres ranging from cotton and silk to polyester and viscose. The sector employs more than 45 million people and contributes approximately 2% of India's GDP and about 11% of manufacturing gross value added as of February 2026. Forecasts suggest the domestic textile and apparel market could reach US $225 billion by 2025, growing at 10-12% annually, with exports expected to rise in parallel.

The global textile market was valued at USD 1,065.45 billion in 2025. It is projected to grow to USD 1,955.50 billion by 2034, at a CAGR of 7.11% over the forecast period. Demand for sustainable and natural fibres is a key driver. The natural fibres segment is expected to grow at the fastest CAGR of 8.65%. Government schemes such as the Scheme for Integrated Textile Parks, the Technology Upgradation Fund Scheme, and the MITRA Park scheme continue to support domestic capacity.

As a cotton saree manufacturer and wholesaler operating on a low-capital job-work model, the Company is placed within the natural-fibre, women's apparel segment that anchors much of India's decentralised textile demand.

About Shree Balaji (Mala) Textiles

The Company manufactures and wholesales cotton sarees. Its promoter's experience in the cotton saree trade dates back to the 1990s, and the business shifted from trading to pure-play manufacturing on a job-work basis before incorporation in 2005. In Fiscal 2026, the Company sold around 74 lakh units of sarees and generated revenue from operations of ₹211.97 crores. Its products are sold under the brand "Mala Saree".

Approximately 95% of its products are manufactured through job workers located in Jetpur, Mumbai, Kolkata, and Rajkot, while the balance is produced at its own facility at Jetpur, Gujarat. This job-work model keeps capital expenditure low. The Company distributes through roughly 105 brokers, 13 dealers, 69 wholesalers, and around 3,000 retailers as of March 31, 2026. Its sales and marketing team comprises 19 members.

Strengths of Shree Balaji (Mala) Textiles

• Experienced Promoters having deep domain knowledge to scale up the business.
  
• Diversified customers and supplier’s base.
  
• Wide geographic presence.
  
• Vast and versatile product portfolio for women.
  
• Ability to buy in bulk quantities.
  
• Long standing relationship with job workers.
  
• Management team with an established track record.
  
• Established track record of successfully completed orders.
  

Risks of Shree Balaji (Mala) Textiles

• The company is highly dependent on women's saree sales, making it vulnerable to changes in demand and consumer preferences.
  
• The company’s business depends on the strength of its key brand, and any decline in brand performance could impact sales.
  
• The company relies on third-party manufacturers and suppliers, and any disruption in quality, pricing, or supply could affect operations.
  
• The company is involved in certain legal proceedings, and any adverse outcome could impact its business and financial condition.
  
• The company has significant working capital requirements, and insufficient cash flows could affect its operations and debt servicing.
  
• The company’s inability to identify and retain skilled third-party suppliers, vendors, and manufacturers could adversely affect its business and financial performance.
  

Anchor Investor Bidding Date: Tuesday, July 21, 2026

Registrar
KFin Technologies Limited
Tel No: +91 40 6716 2222
Email: shreebalaji.ipo@kfintech.com

Book Running Lead Manager
GYR Capital Advisors Private Limited

Shree Balaji (Mala) Textiles Contact Details
65, Sir Hariram Goenka Street, Ground Floor, Block-A, Bangur Arcade,
Kolkata, West Bengal, India, 700007.
Email-id: cs@malasaree.com
Tel.: +91 8910014345

Shree Balaji (Mala) Textiles Business Model

The company earns its revenue through the contract manufacture and wholesale of cotton sarees sold under its own brand "Mala Saree". It operates a B2B model, selling to brokers, dealers, wholesalers, and retailers rather than to end consumers directly. Approximately 95% of its sarees are produced through job workers, which lets it scale volume without heavy in-house capital expenditure, while its promoter's supplier relationships support pricing and design exclusivity.

Shree Balaji (Mala) Textiles Growth Trajectory

Shree Balaji (Mala) Textiles Limited's Total Income for FY26 was ₹212.40 crores, whereas in FY25 and FY24 it was ₹193.44 crores and ₹195.89 crores, respectively.

The Profit After Tax for FY26 was ₹5.85 crores, whereas in FY25 and FY24 it was ₹4.95 crores and ₹2.46 crores, respectively.

Their EBITDA for FY26 was ₹15.50 crores, whereas in FY25 and FY24 it was ₹13.20 crores and ₹10.22 crores, respectively.

Shree Balaji (Mala) Textiles Market Position

The Company distributes cotton sarees under the "Mala Saree" brand across Central, East, North, Northeast, South, and West India through approximately 105 brokers, 13 dealers, 69 wholesalers, and around 3,000 retailers as of March 31, 2026.

As of 31 March 2026, the company's Total Income, Profit After Tax, and EBITDA were ₹212.40 crores, ₹5.85 crores, and ₹15.50 crores, respectively.

How to apply for Shree Balaji (Mala) Textiles IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.