Shree Balaji (Mala) Textiles Limited, a contract manufacturer and wholesaler of cotton sarees branded as “Mala Saree” is entering the capital markets with its IPO on the BSE SME platform.
The company is tapping the capital markets with a 100% fresh issue IPO of up to 27 lakh equity shares of face value of Rs 10 each, aiming to raise Rs 18.90 crore at a price band of Rs 66–70 per share.
The issue will open for public subscription on Wednesday, July 22, 2026, and close on Friday, July 24, 2026. The lot size is a minimum 4000 shares and in multiples of 2000 equity shares thereafter.
Kolkata based Shree Balaji (Mala) Textiles Limited was incorporated in 2005 and promoted by the Kedia family.
The company operates an integrated manufacturing model comprising an in-house facility in Jetpur, Gujarat, and a network of over 200 job-work partners.
Its portfolio includes over 600+ varieties of saree designs, with cotton sarees contributing 90.75% of FY26 revenue.
The proceeds from the issue are proposed to be utilised towards meeting the company’s working capital requirements and for general corporate purposes.
The company is a diversified supplier and a customer base with long-standing business relationships and has a pan-India distribution network serving brokers, wholesalers, dealers, and retailers.
It has a portfolio of women’s ethnic wear, primarily comprising cotton sarees under the “Mala Saree” brand, while bulk procurement is supported by warehousing and inventory management infrastructure.
As on March 31, 2026, the company’s products are distributed across 20+ states through a network of over 100 brokers, 13 dealers, 69 wholesalers, and approximately 3,000 retailers.
