Shree Balaji (Mala) Textiles IPO
Shree Balaji (Mala) Textiles IPO is an SME IPO raising ₹19 Cr at ₹66 – ₹70 a share. It listed on 29 Jul 2026 at ₹133, +90.0% against its issue price of ₹70, and trades at ₹46 today (−34.5% since issue). It was subscribed 232× in total.
231.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. derived: shares x cut-off price Rs70 + OFS by subtraction from exchange total Rs19 Cr. Checked: exchange issue size Rs19 Cr vs derived Rs19 Cr (0.0% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 29% below the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| N R Vandana Tex Industries Limited | 15.03× | 14.43% | ₹4.73 |
| Saraswati Saree Depot Ltd | 9.32× | 12.02% | ₹5.89 |
| This issue | 8.6× | 21.28% | ₹8.13 |
derived: cut-off price Rs70 / stated EPS Rs8.13 (FY26 diluted EPS for year ended March 31, 2026 (post-bonus, restated consolidated). Source figures stated in lakhs, no conversion required for EPS/NAV which are in Rs.). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.