Shree Balaji Textiles IPO opens July 22 aims ₹18.9cr

Business Jul 16, 2026

Shree Balaji (Mala) Textiles, known for its cotton sarees, is opening its IPO on July 22.

It is offering 27 lakh shares at ₹66 to ₹70 each, hoping to raise about ₹18.9 crore.

The IPO closes on July 24 and the company will list on the BSE SME platform.

Shree Balaji ₹16.5cr for working capital

Most of the funds, ₹16.5 crore, will go toward working capital, with the rest for general business needs.

Shree Balaji gets nearly all its revenue from Mala Saree sales through a network of brokers and thousands of retailers across India.

In the fiscal year ended March 2026 (FY2025-26), revenue rose 9.8% to ₹212 crore and profit increased 18.4% to ₹5.85 crore.