Shree Balaji (Mala) Textiles IPO Day 2 Live: Retail Demand Pushes ₹18.90 Crore Issue To 4.95x Subscription

Mumbai, July 23:Shree Balaji (Mala) Textiles IPO continued to attract healthy investor interest on the second day of bidding, with the public issue subscribed 4.95 times in early trade. The SME IPO has seen strong participation from retail investors and non-institutional investors (NIIs), while qualified institutional buyers (QIBs) are yet to place bids in the non-anchor portion.

The three-day public issue, which opened on July 22, will remain open for subscription until July 24. With another full day of bidding still left after today, subscription figures are expected to rise further.

Retail Investors Continue To Lead The Subscription

Retail participation remained the biggest driver of the IPO on Day 2. As of 10:24 AM, the Individual Investors category was subscribed 8.42 times, reflecting continued interest from small investors.

The NII portion was subscribed 3.40 times, with the sNII category receiving 4.29 times subscription and the bNII segment subscribed 2.95 times. Meanwhile, the QIB (Ex Anchor) category had not received bids at the time of the update.

Overall, investors had bid for 89.06 lakh shares against 18 lakh shares on offer, taking the total subscription to 4.95 times.

Shree Balaji (Mala) Textiles IPO Subscription Status Today

As of 10:24 AM on July 23 (Day 2):

• QIB (Ex Anchor): 0.00x
• NII: 3.40x
• bNII: 2.95x
• sNII: 4.29x
• Retail (Individual Investors): 8.42x
• Overall Subscription:4.95x

With one more day of bidding remaining after today, investors will watch whether institutional demand picks up before the issue closes.

Shree Balaji (Mala) Textiles IPO Details

The company aims to raise ₹18.90 crore through a fresh issue of 27 lakh equity shares.

The IPO has a price band of ₹66 to ₹70 per share, with the final issue price to be discovered through the book-building process.

Retail investors can apply for a minimum of 4,000 shares, requiring an investment of ₹2,80,000 at the upper price band. The minimum application size for S-HNI investors is 6,000 shares, amounting to ₹4,20,000.

Issue Reservation

The net issue has been reserved as follows:

• QIB: 49.69%
• NII: 15.21%
• Retail: 35.10%

An additional 1.36 lakh shares have been reserved for the market maker.

Key IPO Dates

• IPO Opens: July 22 2026
• IPO Closes: July 24 2026
• Expected Allotment: July 27 2026
• Expected Refunds: July 28 2026
• Expected Credit of Shares: July 28 2026
• Tentative Listing: July 29 2026

About Shree Balaji (Mala) Textiles

Shree Balaji (Mala) Textiles Limited is engaged in the textile business with a focus on manufacturing and supplying cotton sarees under the well-known Mala brand. The company caters to wholesalers and distributors across multiple Indian markets and has built its presence in the value textile segment.

Concl usion

Shree Balaji (Mala) Textiles IPO has maintained strong momentum on Day 2, supported by healthy retail and NII participation. Although institutional investors are yet to participate in the non-anchor portion, the issue has already garnered nearly five times subscription in early trade. With another day of bidding remaining, market participants will be watching whether demand strengthens further before the IPO closes on July 24.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/shreebalajianchorintimation1dc15ade-36b0-4c4e-a1ee-8bd91f97e6ce.pdf