Shree Balaji (Mala) Textiles Limited is engaged in the manufacturing and wholesale distribution of cotton sarees in India’s B2B cotton saree market. The company markets its products under its well-recognized “Mala Saree” brand and offers a wide range of designs catering to diverse customer preferences across various regions of the country.
The company operates on a Business-to-Business (B2B) model and sells its products through an extensive distribution network comprising over 105 brokers, 13 dealers, 69 wholesalers, and approximately 3,000 retailers as of March 31, 2026. Its network spans across Central, East, North, Northeast, South, and West India, enabling broad market reach and efficient distribution.
Shree Balaji follows an asset-light manufacturing model, with around 95% of production outsourced to job workers, while also operating its own manufacturing facility in Jetpur, Gujarat through Shree Brindavan Chandra Prints. This model allows the company to leverage economies of scale, optimize costs, and maintain flexibility in production.
Backed by over three decades of promoter experience in the cotton saree industry, the company has built strong relationships with suppliers, weavers, and customers across major textile hubs such as Surat, Mumbai, Kolkata, Jetpur, and Rajkot. In FY26, the company sold around 74 lakh sarees and generated revenue of ₹211.97 crore, reflecting the strong acceptance of the Mala Saree brand in the domestic market.
Shree Balaji Textiles IPO – Details
| IPO Opening Date | 22 July 2026 |
| IPO Closing Date | 24 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 27,00,000 Shares Worth ₹18.90 Crore Fresh Issue: 27,00,000 Shares Worth ₹18.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Shree Balaji Textiles IPO – Date Schedule
| IPO Open Date | 22 July 2026 |
| IPO Close Date | 24 July 2026 |
| Basis of Allotment | 27 July 2026 |
| Initiation of Refund | 28 July 2026 |
| Credit of Shares to Demat | 28 July 2026 |
| IPO Listing Date | 29 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 24, 2026 |
Shree Balaji Textiles IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,80,000 |
| Retail (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
Competitive Strength
- Experienced Promoters having deep domain knowledge to scale up the business.
- Diversified customers and supplier 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.
- Efficient operational team.
Company Promoters
- Mr. Binod Kumar Kedia
- Ms. Anita Kedia
- M/s Mrityunjay Commosales Private Limited
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹195.89 Cr | ₹192.60 Cr | ₹2.46 Cr | ₹51.37 Cr |
| 31 March 2025 | ₹193.44 Cr | ₹186.84 Cr | ₹4.95 Cr | ₹48.75 Cr |
| 31 March 2026 | ₹212.40 Cr | ₹204.47 Cr | ₹5.85 Cr | ₹69.08 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROE | 23.82% |
| ROCE | 15.65% |
| Debt/Equity | 2.51 |
| RoNW | 21.28% |
| PAT Margin | 2.76% |
| EBITDA Margin | 7.30% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.13 | 5.91 |
| P/E (x) | 8.62 | 11.84 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding working capital requirements of the Company. | ₹16.50 |
| General Corporate Purpose. | – |
✅Strengths
- Established “Mala Saree” brand in India’s cotton saree market.
- Strong pan-India distribution network with brokers, dealers, wholesalers, and retailers.
- Promoters have 30+ years of industry experience.
- Asset-light business model supports scalability and cost efficiency.
- Consistent growth in revenue and profitability.
⚠️Risks
- Heavy dependence on the cotton saree segment for revenue.
- Reliance on outsourced job workers for a majority of production.
- Margins are exposed to cotton and raw material price fluctuations.
- Operates in a highly competitive and fragmented textile industry.
- Demand may be affected by changing fashion trends and consumer preferences.
Shree Balaji Textiles IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | – |
Shree Balaji Textiles IPO Prospectus
Company Contact Information
| Shree Balaji Textiles Limited 65, Sir Hariram Goenka Street Ground Floor, Block-A, Bangur Arcade, Kolkata, West Bengal, 700007 Phone: +91 8910014345 Email: cs@malasaree.com Website: https://www.malasaree.com/ |
Shree Balaji Textiles IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: shreebalaji.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Shree Balaji Textiles IPO Lead Manager(s)
| 1. GYR Capital Advisors Pvt.Ltd. |
Shree Balaji Textiles IPO FAQ
| What is the Shree Balaji Textiles IPO? Shree Balaji Textiles IPO is an SME IPO. The issue is priced at ₹66 – ₹70 per equity share. The IPO is to be listed on BSE SME. |
| When will Shree Balaji Textiles IPO open? The IPO is to open on 22 July 2026 for QIB, NII, and Retail Investors. |
| What is Shree Balaji Textiles IPO Investors’ Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Shree Balaji Textiles IPO Size? Shree Balaji Textiles IPO size is ₹18.90 Crore. |
| What are the Shree Balaji Textiles IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 4000 Shares for ₹2,80,000, while the maximum bid is 4000 Shares for ₹2,80,000. |
| What is the Shree Balaji Textiles IPO Allotment Date? Shree Balaji Textiles IPO allotment date is 27 July 2026. |
| What is the Shree Balaji Textiles IPO Listing Date? Shree Balaji Textiles IPO listing date is 29 July 2026. The IPO is to be listed on the BSE SME. |
