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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding Working Capital Requirements
Funding incremental working capital requirements for cotton fabric procurement.
General Corporate Purposes
Funding general corporate activities and administrative expenses.
(₹ in Crore)
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Incorporated in 2005, Shree Balaji (Mala) Textiles Limited is an Indian textile manufacturing and wholesale distribution firm based in Kolkata, West Bengal. Operating under the commercial brand name 'Mala Saree', the company specializes in manufacturing and supplying a wide range of cotton sarees to business-to-business (B2B) clients across India. The company operates a manufacturing unit in Jetpur, Gujarat, spanning across 9 to 14 gunthas, complemented by a substantial network of contract manufacturers and job workers for weaving, printing, and embroidery processes. Its product catalog encompasses traditional, ethnic, and daily-wear cotton sarees tailored to regional market preferences. As of March 31, 2026, the company's distribution network spanned central, eastern, northern, northeastern, southern, and western India, partnering with over 100 brokers, 10 dealers, 65 wholesalers, and approximately 2,300 retail outlets.
Shree Balaji (Mala) Textiles Limited raised Rs 5.35 crore from 4 institutional anchor investors on July 21, 2026, allocating 7,64,000 equity shares at Rs 70 per share. Anchor investors included Shincho Asia Capital VCC Sub-Fund (36.13%), Visionary Capital Appreciation Fund (26.18%), Shine Star Build-Cap Pvt Ltd (18.85%), and Nine Alps Opportunity Fund (18.85%).
Source: RHP • Analysis provided for informational purposes
Last Updated: 13 August 2026, 5:44 AM
Established Brand Name and Wide B2B Network
Supplies cotton sarees under the Mala Saree brand to over 2,300 retailers and 65 wholesalers across India.
Scalable Asset Light Manufacturing Model
Combines an owned production facility in Jetpur with third-party job work for weaving and printing processes.
Consistent Profitability Growth
Demonstrated steady expansion in profit after tax over the past three fiscal years.
Reliance on Contract Job Workers
Outsources a significant portion of manufacturing activities, exposing operations to supplier availability and quality control risks.
Working Capital Intensive Business
Requires high inventory levels of cotton fabrics and trade credit terms for B2B distributors.
Elevated Leverage Levels
Carries total borrowings of Rs 48.75 crore against a net worth of Rs 21.65 crore.
Shree Balaji (Mala) Textiles Limited
65, Sir Hariram Goenka Street, Ground Floor, Block-A, Bangur Arcade, Kolkata, West Bengal, 700007
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