Shree Balaji (Mala) Textiles SME IPO opens today; GMP signals 21% premium. Check key details

Shree Balaji (Mala) Textiles SME IPO opened for subscription from July 22 to July 24, 2026, aiming to raise Rs 18.90 crore through a fresh issue of 27 lakh equity shares at a price band of Rs 66-70 per share. Grey Market Premium stands at Rs 15 per share, indicating an estimated listing gain of around 21% over the upper price band. The company, which manufactures and distributes cotton sarees under the Mala Saree brand, reported FY26 total income of Rs 212.40 crore (up 9.8% YoY) and PAT of Rs 5.85 crore (up 18.2% YoY). Shares are expected to list on the BSE SME platform on July 29, 2026.