Shree Balaji Mala IPO Subscribed 200.34 Times on Day 3 as NII and Retail Demand Surges

Shree Balaji Mala IPO received an overwhelming response and was subscribed 200.34 times by 5:24 PM on Day 3, July 24, 2026. Demand was strong across all investor categories, led by Non-Institutional Investors, whose portion was subscribed 249.47 times. Individual Investors followed with a subscription of 228.24 times, while the Qualified Institutional Buyers category, excluding anchor investors, was subscribed 113.55 times. The sharp increase from 20.51 times on Day 2 reflected strong investor interest on the final bidding day.

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Subscription Status of Shree Balaji Mala  IPO

Here are the subscription details for Shree Balaji Mala IPO Day 3, as of 5:24 PM:

Key Highlights – Day 3

• Overall subscription surged to 200.34 times on Day 3, compared with 20.51 times on Day 2.
• Qualified Institutional Buyers, excluding anchor investors, subscribed their reserved portion 113.55 times, reflecting strong institutional demand on the final day.
• Non-Institutional Investors emerged as the strongest category, subscribing 249.47 times.
• Individual Investors also showed robust interest, with their reserved portion subscribed 228.24 times.
• Demand accelerated significantly across all categories on the final day, resulting in the issue being subscribed more than 200 times overall.

Key Highlights – Day 2

• Overall subscription reached 20.51 times on Day 2, rising sharply from 3.04 times on the opening day.
• Qualified Institutional Buyers, excluding anchor investors, subscribed their portion 1.00 time.
• Non-Institutional Investors subscribed their reserved portion 19.49 times, indicating strong demand from high-net-worth investors.
• Individual Investors remained the leading category on Day 2, subscribing their portion 32.00 times.
• The IPO witnessed a substantial increase in investor participation across categories ahead of the final bidding day.

Key Highlights – Day 1

• Overall subscription stood at 3.04 times on Day 1, indicating a strong response on the opening day.
• Qualified Institutional Buyers, excluding anchor investors, did not place any bids during the first day.
• Non-Institutional Investors subscribed their reserved portion 1.99 times.
• Individual Investors led the demand, subscribing their allocated portion 5.22 times.
• Strong participation from individual and non-institutional investors helped the IPO become oversubscribed on its opening day.

About Shree Balaji Mala Limited

Incorporated in 2005, Shree Balaji (Mala) Textiles Limited is engaged in the manufacturing and wholesale distribution of high-quality cotton sarees in India’s B2B cotton saree segment, based in West Bengal. The company markets its products under its own brand name “Mala Saree”, offering a wide range of designs and styles catering to diverse consumer preferences across India. The company operates on a Business-to-Business (B2B) model, distributing products through an extensive network comprising over 105 brokers, 13 dealers, 69 wholesalers, and approximately 3,000 retailers as of March 31, 2026.