Shree Balaji (Mala) Textiles IPO
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Shree Balaji (Mala) Textiles IPO details
Schedule of Shree Balaji (Mala) Textiles
| Issue open date | 22 Jul 2026 |
| Issue close date | 24 Jul 2026 |
| UPI mandate deadline | 24 Jul 2026 (5 PM) |
| Allotment finalization | 27 Jul 2026 |
| Refund initiation | 28 Jul 2026 |
| Share credit | 28 Jul 2026 |
| Listing date | 29 Jul 2026 |
| Mandate end date | 08 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 25 Aug 2026 |
| Lock-in end date for anchor investors (remaining) | 24 Oct 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Shree Balaji (Mala) Textiles
Shree Balaji (Mala) Textiles Limited is an ethnic apparel company primarily focused on the sale of women’s sarees under its distinctive brand, Mala. The company’s core business revolves around its main product specialisation, cotton sarees, alongside embroidery and fancy sarees. It generates revenue from operations through product sales and sales of services to a business-to-business-focused market. Strategically adopting an asset-light operating model, the company relies heavily on outsourcing, manufacturing approximately 95% of its products through an extensive network of independent third-party job workers. While the company maintains its own manufacturing facility in Jetpur, Gujarat, the majority of its production processes, such as bleaching, printing, and embellishments, are outsourced to these intermediaries. The business relies heavily on traditional distribution channels, serving a wide network of retailers, wholesalers, and dealers, with its primary revenue generation heavily concentrated within the Eastern India region.
Financials of Shree Balaji (Mala) Textiles
Issue size
| Funds Raised in the IPO | Amount (₹ Cr.) |
| Total issue size | 18.90 |
| Fresh Issue – Proceeds go to the company | 18.90 |
Utilisation of Proceeds
| Purpose | INR Crores (%) |
| Funding working capital requirements | 16.5 (87.30%) |
| General corporate purposes | 2.4 (12.70%) |
Strengths
- Experienced Promoters possessing deep domain knowledge to effectively scale up the business operations.
- Possession of a vast, versatile, and diversified product portfolio of sarees for women.
- Maintained long-standing operational relationships with a network of third-party job workers.
- Established business ability to procure fabric and material requirements in bulk quantities.
- Presence of a management team and an efficient operational team with established track records.
Risks
- A substantial portion of total revenue is highly concentrated on a single product segment of cotton sarees.
- Operations are highly dependent on third-party job workers who manufacture approximately 95% of the products.
- Revenue generation is heavily concentrated in the Eastern India region, heightening exposure to regional risks.
- The company experienced negative cash flows from operating activities during the recent 2026 fiscal year.
- Business operations are dependent on a domestic market and subject to seasonal demand variations around regional festivals.