Shree Balaji Mala Textiles IPO
ListedSME
200.34×
Subscribed
Price band
₹70 – ₹70
Issue size
₹18.9 Cr
Open – close
22 Jul 2026
to 24 Jul 2026
Listing
29 Jul 2026
Listing gain
+90.00%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Strong3 of 7 dimensions read
The disclosed numbers are strong — 3 of 3 signals read positive
Strength89/100
- Undemanding valuation8.6× earnings at the upper band, with no peer set published to compare against
- High return on equityROE of 20.7%
- Institutions bid heavilyQIB portion subscribed 113.55×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens22 Jul 2026
- Closes24 Jul 2026
- Listing29 Jul 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB113.55x
Non-institutionalNII / HNI249.47x
Big NIIabove ₹10L273.13x
Small NII₹2L – ₹10L199.90x
Retail individualRII228.24x
60,040 applications received — how many people bid, as opposed to how much money did. Exchange figures as of 24 Jul 2026.
Chance of allotment
Retail228.24× subscribed
~1 in 228.2
Retail is 228.24× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 228.2 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII249.47× subscribed
~1 in 249.5
HNI is 249.47× subscribed. This category is allotted proportionately, so a bid receives roughly 1/249.5 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹70 – ₹70
Total issue size₹18.9 Cr
Listing atSME platform
Company & valuation
P/E at upper band8.61×
EPS₹8.13post-issue
NAV per share₹38.17
Return on equity20.70%
PAT Margin2.56%
NAV30.05
Price to Book Value2.33
ISININE1N3Y01016
Who gets what
How the issue is split between investor categories, and what each may bid.
| Category | Shares | % of issue |
|---|---|---|
| QIB | 12,74,000 | 47.19% |
| Anchor Investor | 7,64,000 | 28.30% |
| QIB (Ex. Anchor) | 5,10,000 | 18.89% |
| NII (HNI) | 3,90,000 | 14.44% |
| bNII > ₹10L | 2,64,000 | 9.78% |
| sNII < ₹10L | 1,26,000 | 4.67% |
| Retail | 9,00,000 | 33.33% |
| Market Maker | 1,36,000 | 5.04% |
Total issue 27,00,000 shares. Indented rows sit inside the category above them and are not added to it.
What each category may bid
Individual investors (IND) (Min)₹2,80,0002 lots · 4,000 sh
Individual investors (IND) (Max)₹2,80,0002 lots · 4,000 sh
S-HNI (Min)₹4,20,0003 lots · 6,000 sh
S-HNI (Max)₹9,80,0007 lots · 14,000 sh
B-HNI (Min)₹11,20,0008 lots · 16,000 sh
Lot size alone does not answer "how much do I need" — an S-HNI minimum is several lots, not one.
Anchor book
Shares allotted7,64,000
Anchor portion₹5.35 Cr
Bid date21 Jul 2026
Lock-in ends (50%)25 Aug 2026
Lock-in ends (rest)25 Oct 2026
Anchors are institutional money placed a day before bidding opens, against a lock-in. Those two dates are when that stock can first be sold — a supply event worth knowing if you still hold.
What the money is for
Stated use of the net proceeds
- 01funding of the following objectsnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
How the issuer compares
The listed companies the offer document itself names as comparable.
| Company | EPS | P/E | NAV | RoNW |
|---|---|---|---|---|
| Shree Balaji Textiles Limited (Our company)this issue | 8.13 | 8.61 | 38.17 | 21.28% |
| N R Vandana Industries Limited | 4.73 | 15.03 | 31.11 | 14.43% |
| Saraswati Saree Depot Ltd | 5.89 | 9.32 | 49.16 | 12.02% |
Blank cells are figures the offer document does not publish. An unlisted issuer has no market price, so it has no price-based multiple until it lists — which is exactly why the comparison is against companies that already trade. The peer set is the issuer's own selection, so read it as the flattering-est comparison available rather than a neutral one.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumOur business is highly concentrated on the sale of women's sarees, specifically cotton sarees, which accounted for 90.75% of revenue in Fiscal 2026. A decline in demand for our products or a misjudgement regarding designs could lead to increased market acceptance of competitors' products, substituti
mediumWe rely on outsourcing a significant proportion (approximately 95%) of our production processes to third-party job workers under non-exclusive arrangements without long-term contracts. We have not entered into long-term job work arrangements with our job workers, and our reliance on job workers subj
Positives the filing discloses (1)
Healthy return on equity
ROE of 20.7%.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
-2.2%
Listed up
1 of 8
Best
+0.4%
Papadmalji Agro Foods Limited
Worst
-17.5%
Himalayan Solar
Ravita Engineering Services Limitedsame segment
6.7× sub+0.0%
Vaibhav Vyapaar Limitedsame segment
3.1× sub-2.0%
R.K. Fashion Accessories Limitedsame segment
2.6× sub-2.4%
Eventions Limitedsame segment
2.3× sub-5.9%
Green Asia Impexsame segment
1.0× sub+0.0%
Papadmalji Agro Foods Limitedsame segment
2.5× sub+0.4%
Dudani Retailsame segment
1.4× sub-13.8%
Himalayan Solarsame segment
1.2× sub-17.5%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Shree Balaji Mala Textiles IPO subscribed?
Shree Balaji Mala Textiles is subscribed 200.34× overall (QIB 113.55×, NII 249.47×, retail 228.24×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Shree Balaji Mala Textiles IPO?
The retail portion is subscribed 228.24×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 228. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.