Shree Balaji (Mala) Textiles Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹70
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,40,000
Issue Size
₹18.9 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.1%
QIB Quota
49.69%
NII Quota
15.21%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Shree Balaji (Mala) Textiles Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
72.73%
Issue Type
Book Building - SME
ISIN
INE1N3Y01016
About the Company
Shree Balaji (Mala) Textiles Limited, is a manufacturer and wholesaler of cotton sarees in India's B2B cotton sarees wholesale segment. We are engaged into manufacturing and wholesale business of variety of high-quality cotton sarees. Our products are recognised in textile industry under our own brand name "Mala Saree". Our Company operates into B2B business model, focusing on selling our products through a network of approximately more than 100 brokers, more than 10 dealers, 65 wholesaler and approximately 2300 retailers as of March 31, 2025 spread across Central, East, North, Northeast, South and West parts of India. Our total revenue is generated from sale of cotton sarees. In Fiscal 2025, we have generated sales of Rs. 19,304.37 lakhs and our product catalogue consists of multiple design options to cater to all genre.
Industry Overview
The market for Indian textiles and apparel is projected to grow at a 10% CAGR to reach US$ 350 billion by 2030. Moreover, India is the world's 3rd largest exporter of Textiles and Apparel. India ranks among the top five global exporters in several textile categories, with exports expected to reach US$100 billion. The textiles and apparel industry contributes 2.3% to the country's GDP, 13% to industrial production and 12% to exports. The textile industry in India is predicted to double its contribution to the GDP, rising from 2.3% to approximately 5% by the end of this decade.
Company History
Our Company was originally incorporated as `Shree Balaji (Mala) Textiles Private Limited' a private limited company under the Companies Act, 1956 at Kolkata, West Bengal, pursuant to a certificate of incorporation dated September 30, 2005, issued by the Registrar of Companies, West Bengal ("RoC"). Thereafter, name of our Company was changed from `Shree Balaji (Mala) Textiles Private Limited' to `Shree Balaji (Mala) Textiles Limited', consequent to conversion of our Company from private to public company, pursuant to a special resolution passed by the shareholders of our Company on February 20, 2025 and a fresh certificate of incorporation consequent to change of name was issued by the RoC on March 24, 2025. Our Company's Corporate Identity Number is U17299WB2005PLC105711.
Growth Strategy
- Strengthening Inventory Management Practices.
- Capitalize on the increasing e-commerce for penetration in retail and wholesale category.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 27,00,000 equity shares of face value Rs. 10 each (the "Equity Shares") of Shree Balaji (Mala) Textiles Limited ("the Company" or the "Issuer") for cash at an issue price of Rs. 70 per equity share (including a securities premium of Rs. 60 per equity share) ("Issue Price"), aggregating to Rs. 18.9 Crores (the "Issue") of which 1,36,000 equity shares of face value Rs. 10 each aggregating to Rs. 0.95 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 25,64,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 70 per equity share aggregating to Rs. 17.95 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.26% and 25.89% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 70/- per equity share of face value Rs. 10/- each. The floor price is 7.0 times of the face value of the equity shares. Bids can be made for a minimum of 4000 equity shares and in multiples of 2000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- The company's business is highly concentrated on the sale of women's sarees and is vulnerable to variations in demand and changes in consumer preference, could have an adverse effect on its business, results of operations and financial condition.
- The company's business prospects depends on the strength of its key brand and any failures to maintain or grow sales of the company's products could adversely affect its business.
- The company relies on outsourcing a significant proportion of its production processes and activities to third-parties, without exclusivity arrangements. Any inability to obtain sufficient quantities of attires of the requisite quality in a timely manner and at acceptable prices, or a slowdown, shutdown or disruption in such third parties' operations and performance, could adversely affect the company's business, results of operations and financial condition.
- The Company is party to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.