If you’re planning to invest in an IPO, Shree Balaji Mala Textiles has launched its public issue today, July 22, 2026. Investors can apply for the IPO until July 24. The company aims to raise around ₹19 crore through this fresh issue.
The IPO has already created buzz in the gray market. Its Gray Market Premium (GMP) has increased over the past few days, showing positive market sentiment.
However, GMP is only an unofficial indicator and does not guarantee listing gains.
GMP Jumps Before IPO Listing
According to market experts, the current GMP of the Shree Balaji Mala Textiles IPO is around ₹19 per share. It has risen from ₹14 to ₹19 in just three days, reflecting strong interest among investors.
Still, experts advise investors not to rely only on GMP while making an investment decision. It should be considered along with the company’s fundamentals and financial performance.
Price Band and Minimum Investment
The company has fixed the IPO price band at ₹66 to ₹70 per share. Since this is a completely fresh issue, the money raised will be used for business expansion and other corporate purposes.
The minimum application size is 2,000 shares. At the upper price band of ₹70, investors will need to invest about ₹1.40 lakh for one lot. As this is an SME IPO, the minimum investment is much higher than a regular mainboard IPO.
Allotment and Listing Schedule
The IPO allotment is expected on July 25, 2026. If there is any delay due to the weekend, the allotment may be completed on July 27.
The shares are expected to be listed on the BSE SME platform on July 29, 2026, after they are credited to the demat accounts of successful applicants.
KFin Technologies is the registrar for the IPO, while GYR Capital Advisors Private Limited is managing the issue as the lead manager.
Should You Apply?
A rising GMP is a positive sign, but it should not be the only factor behind your investment decision.
Before applying, investors should carefully check the company’s business model, financial performance, growth plans, valuation,
and risks. SME IPOs are generally more volatile than mainboard IPOs, so they may not be suitable for everyone.
If you have a long-term investment approach and understand the risks involved in SME IPOs, this issue could be worth adding to your watchlist. However, make sure to do your own research before investing.
