Shree Balaji (Mala) Textiles' IPO allotment is scheduled for release today, July 27, following a strong subscription period from July 22 to 24. The SME IPO will be listed on the BSE SME platform on July 29, with shares commanding a grey market premium of ₹13, according to Investorgain, reflecting robust investor interest.
The IPO received a positive response from investors across all categories during its three-day bidding window. The company is expected to finalize the allotment today, which will determine the allocation of shares to applicants. The listing on BSE SME is planned for July 29, marking the company's entry into the public market.
This IPO adds to the growing number of SME listings on the BSE SME platform, which provides smaller companies access to capital markets. The strong grey market premium suggests demand exceeded supply, a trend seen in other recent SME IPOs. This listing could encourage similar textile sector firms to consider public offerings to raise funds.
The final allotment status will be available on July 27, with the IPO shares set to debut on the BSE SME on July 29. Investors can check their allotment status through official channels as the company completes the listing process.